Get started

Grs

GRS (Groestlcoin) | Fundamentals, price model, etc Launched on 22 March 2014 with a focus on technological advancement, Groestlcoin (GRS) is SEGWIT, TAPROOT and Lightning Network ready. Groestlcoin has been in constant active development, providing development updates and enhancements every 3 months for 8 years. It is the first coin that activated SEGWIT (January 2017) and TAPROOT (The last update was released on March 8, 2022) Groestlcoin's final supply is limited to 115 million coins from which around 80 million coins currently in circulation and only 15 million coins left. If you're familiar with the concept of scarcity, you know why it's important. Once something becomes scarce enough, it becomes precious and can be used as money. The market cap of Groestlcoin is around $57 million, while the capitalization of the entire crypto market exceeds $2 trillion. Therefore, it can grow significantly by attracting a small portion of this capital. Technical Analysis Take a look at the chart. Right after Bitcoin's third halving (July 2016), we have a falling wedge pattern on the chart. This consolidation pattern was actually an accumulation zone. As you can see, the 2017 Bull Run started right after the pattern completed. Each complete bitcoin cycle (Duration between two halving events) takes about 4 years. Now, about 4 years after the last bitcoin halving, we are again seeing a consolidation pattern formed on the chart. Now the triangle pattern is completed and the price is about to break out. So, this could be the beginning of a bull run. << However, always remember that past results are no guarantee of future performance >> Price Model Well, maybe a bull run is coming, but where can the targets be? I use a price model to determine the range of price movements. Bitcoin is the leader and in the crypto world everything follows it. I used linear regression to determine the relationship between the GRS price data and Bitcoin's stock-to-flow ratio. I have plotted the model price (black) over time on the chart. To estimate the range of price movements, I used a set of trendlines plotted one or two standard deviations (positively and negatively) away from the model. For more information on price models, see my article titled Ripple (XRP) Model Price via the link below the post. Terms What is segwit? Segwit stands for "segregated witness" and is a technique that reduces transaction fees. What is the taproot? Taproot is a modified advanced form of MAST that allows participants to aggregate their signatures and spend from a multi-sig just like a normal transaction together. What is lightning network? The Lightning Network is a second layer added to the blockchain that enables off-chain transactions, i.e. transactions between parties not part of the blockchain network. What is Bitcoin Stock-to-flow? The 'Stock-to-flow' is a number that shows how many years, at the current production rate, are required to achieve the current stock.
GLong
by BobRivera990
GRS / BTCI'm really liking the look of this setup. Groestl Coin, still active chain and a low enough market cap to seriously pump. I think I'm being too cautious with this one but I'm looking to increase my bitcoin and this looks ripe. If you can get a better entry than 2700 sats then I think for the mid term this could seriously fly.. Aiming for the 2 targets highlighted, Selling 60%, then 30% respectively then keep 10% of my bag for a potential big gain Trade with what you can afford, never with debt and always take profit Alfa
GLong
by Free_Alfalfa
[GRS] Bullish short term once again!Hi everyone. After two successful recent trades on GRS, it looks like we can already go for the third wave in the next couple of days and make some gains again. GRS has been considered a "sleeping giant" for a while by many people. Why I'm very bullish on GRS despite the very low volume: - Clear pennant triangle forming on 4h timeframe - We're reaching the end of a descending channel which means there is a high chance of bullish breakout - MACD is slooowly showing some signs of reversal (need the cross for confirmation though) - RSI is clearly showing a little divergence after being in the 30ish area for a while. - GRS always breaks in style with massive pumps - Fibonacci levels are on the chart. I expect it to touch 0.786. - Major release to be out in less than two weeks - And last but not least.. One of the rare coins that have not exploded yet on Binance during these insane times. For some reasons this coin seems to be unknown to most people but there is always a huge fomo during pumps This is still a risky trade as volume is extremely low. This is not an investment advice, I'm just sharing my thoughts about this coin. Good luck everyone, what are your thoughts on GRS? Let me know :)
GLong
by cryptologyy
[GRSBTC] Absolutely bullish SHORT termHi everyone! What a nice configuration. RSI is absolutely bullish MACD is almost crossing, need to wait for confirmation. We've been on a nice descending channel after last time's pump Bollinger's band show a movement that will happen very soon. Volume is still very low for the moment so risky trade. If it breaks by the top, enjoy the ride. Definetely bullish on GRS for the next few hours-days-weeks. This is not an investment advice, always do your own research. Good luck!
GLong
by cryptologyy
4
[GRS] Looks bullish for long term! 300%GRS is one of the rare coins that haven't exploded yet on Binance in the previous months (except December pump and dump). If we look at the chart, we can see a bullish divergence on MACD and a growing RSI. Bollinger bands are showing a movement that will happen soon (weekly timeframe). 300% seems to be a reasonable (yet awesome) target as there is absolutely no huge resistance before 0.382 fib area. This is not an investment advice, just sharing my thoughts. Good luck everyone!
GLong
by cryptologyy
3
✳️Groestlcoin/BTC (14-10) #GRS $GRS #GRSBTC1450-1550sts is the start point of previous rally and now it has went back to this zone so it is really worthy to buy in again. GRS is also forming a falling wedge pattern and its target should be the upper edge, and it should be 2000sts. If GRS breaks the upper edge of the falling wedge, it will be easy to hit the 2400sts. We will get out if GRS dump under 1400sts and wait for a clearer scenario! Private Idea (Published in 8-10)
GLong
by CryptoStation
1
GRS Broken the Weekly Resistance Looking bullishI have mentioned almost all the points on the above chart. Right at the movement, GRS has broken the weekly resistance with a green engulfing candle. From here two possible scenarios, 1. The next candlestick would be going to test the new support which was resistance before at 2156. Most probably on 1st test 95 percent of the chances are the retracement. 2. 2nd scenario would b that the next candle is going to find a new resistance and then it is going to retest the support. I would go with the first scenario because the candle has breakout the upper trend line as well. Important Point: Whenever a certain level is break whether it is support or resistance, after that the next move is usually the retest/ retracement of the broken level. And when it is rejected from that level, then you can enter the trade. Avoid entering the trading while the body of candle has already formed or the candle is in between the two levels. Always try to enter the trade near the support and resistance level after rejections for maximum profits. Trade Safe and manage your money properly. Don't invest all of your money in a single asset. Divide it. If you have 10 trades going on, and out of those 10 , 7 trades are losing and 3 trades are going successful, but the overall percentage is going up then you are good trader. Practice and be patient.
G
by SmartMaxi