Global Arena Holding Inc (GAHC)

[AAAtrades]

4 to 8 weeks out very tough to predict...

Anyway the bottom line is that GAHC has to a certain extent (probably a lot) moved up and had a VALID BREAKOUT on CONFIRMED volume because of the massive surge in the bitcoin price.

We all know that other bitcoin stocks had nice surges last couple of weeks...

so the question now is HOW MUCH of a RETRACEMENT will occur ? and for how long....

The answer to that question may depend on how long and how deep the bitcoin price decides to retrace....

I suspect that bitcoin will continue to go down a bit... it failed at the round number 3000

it may correct down to low 2000's ????

so GAHC will probably linger as this occurs

GAHC breakout level which is new support is .019

the question is do we do a full retest of this new support level ????

if we do NOT then we can assume GAHC has internal massive strength

but even if we do get back to .02, that is NORMAL price action and is a retest of the breakout level

near term we probably just keep going sideways with the low being .027

it is very interesting that the corretion that started in late february 2017 and ended late march was 79%

from our recent high of .074 a 75% correction would put GAHC near .019

So .019 is DEFINITELY in my view the absolute worse level of correction I can see going forward

I will buy a HUGE BOATLOAD of GAHC near .02 if given the opportunity. if that does not happen, then the accumulation may be just under .03

a lot depends on bitcoin price. if it crashes again we may slingshot down to .02 temporarily