GRTBTC trade ideas
GRTBTC is testing the daily resistance ๐ฆGRTBTC is testing the daily resistance, If the price is going to have a breakout, According to Plancton's strategy (check our Academy ), we can set a nice order
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Follow the Shrimp ๐ฆ
Keep in mind.
๐ฃ Purple structure -> Monthly structure.
๐ด Red structure -> Weekly structure.
๐ต Blue structure -> Daily structure.
๐ก Yellow structure -> 4h structure.
โซ๏ธ Black structure -> <4h structure.
GRT/BTC buy opportunityHi followers,
BINANCE:GRTBTC Formed higher low after multiple support area touches,
Now with the break up of the Flag pattern, we maybe ready for another impulsive move up.
Don't forget to manage your risk! ๐
Good luck and trade with care ๐
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Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only!
Long GRT/BTC for recovery rally - approx 20%GRTBTC is at the bottom of its accumulation zone.
I think that they are going to test the trendline again. This will give us the answer of if they are going to bottom it here or not depending on how it reacts to the trendline on this relief rally.
For satoshis, I'd say there is a safe 20% or so here around the top of this zone/by the trendline.
Assess thereafter.
Thank you!
GRTBTC Technical AnalysisGRTBTC is still in the Bearish Flag . There might be Pullback at 0.00001735 but the price most probably will go to the upper band of the channel. If we get a break out of the Resistance there is a high chance that the price goes to 0.00002668
SL @ 0.0000130
TP1 @ 0.00002668
TP2 @ 0.00003498
TP3 @ 0.00004769
The Graph (GRT) / BTC - Bullish divergenceOn the above 1-day chart price action has corrected 60% since mid-February resulting in an oversold condition (orange column). Regular bullish divergence is now visible between lower lows in price action and higher highs with Stochastic RSI + Money Flow index (MFI).
Furthermore more price action has landed on past resistance as support, look left. Together with the divergence this is a great signal of a probable upside move with little downside risk.
Is it possible price action continues to fall? Sure.
Is it probable? Unlikely.
1st target 5000 sats. Good luck!
WW
It's time to accumulate GRT!Hello Traders!
GRT has been ranging since late March and is showing first signs of strength recently. On the BTC pair we can see that price has attempted to break the triangle upwards.
What we want to see is a clear break of structure (BOS, the blue line) with volume. This will clear the area around 3000 sats where we can expect heavy resistance. Then the idea would be to buy the pullback, as the area around 3000 sats is cleared and ready to flip to support.
If GRT fails to break out, I expect a liquidity grab below the equal lows (EQL line) and an immediate rebound and another attempt to break of the triangle. If 2100 sats do not hold, we will - in the worst case - see a crash towards the order block at 1691 sats. These two levels provide us with alternative entry opportunities to get GRT even cheaper. Move the SL to breakeven during the bounce to protect your capital.
Happy trading!