I’ve used their P2P payments system myself via their messaging app and it’s seamless, the fastest money transfer I’ve ever seen.This is the way digital money is supposed to move - instantaneously and securely. You can convert your GBYTE into Blackbytes, which allow for anonymity within the GBYTE system. GBYTE has also released at least one ICOs on top of their platform (http://www.titan-coin.com/), something to look out for in the future of crypto. Projects that provide a strong platform for newer projects to leap from will be the behemoths of this industry.
All that said, this and the global Fib doesn’t give us too much useful information. Because the crypto industry is so young, it is difficult to do reliable on longer time frames on many of these assets. But for the sake of humoring you, I see that the long-term sell-off has nearly completed and the market has found a renewed interest in GBYTE. The (altered parameters, see https://youtu.be/J3t2Tsn_Imk) has flipped to right at the end of this , which itself is an almost symmetrical triangle and I suspect it will break . One reason being the very long-term downtrend has been broken and it has weathered the recent BTC/ market correction / FUD campaign quite well.
Notice how the 50 and 200 MA are about to have a golden cross exactly where one would expect this asset to reach its absolute maximum pinch-point before a decision in the market must be made, nearly forming a in their own right, and that aligns perfectly with the overall market doing about the same. has decreased significantly and I see beautiful divergence in the . A has formed on the , indicating in this case both a reversal incoming, as well as current hidden (See more on divergence here: https://www.babypips.com/learn/forex/div...). That’s quite a lot of signals aligning for GBYTE, considering all of the fundamentals that I've laid out.
Now for some price targets, I know you guys love those ballpark randomly generated numbers ;) Potential profit targets visualized as blue horizontal lines.
My targets are astronomical primarily for the fundamentals listed above as the price-to-supply ratio is heavily suppressed imo , but also for this reason: Typically in crypto markets, projected moves from triangle breakouts and continuation patterns can be expected to be double that of their traditional counterparts. Second, when this overall market turns around I expect the value to explode, because those new to crypto are surprisingly more often than not more interested in alternatives to Bitcoin . I tried to find some more solid targets using Fibonacci here but for reasons mentioned before regarding the immaturity of the market, the global Fib and trend-based Fib extension tools can only be so reliable. That said, I adjusted the targets to align better with the global and historic congestion zones.
Target 1: 0.08340510
Target 2: 0.12245792
Target 3: 0.15557028