Short

GRTUSDT - Overbought on 3D timeframe

Updated

Posting for own future reference

RSI is "sell" zone
Price above BB

If today closes red (5.5h remaining), then idea is confirmed.

Same for 3D BTC pair:

Targets: 0.13, 0.11, 0.09 - 0.08. I really don't see it going any lower.

The indicators say "short" but minimize leverage, as this coin has proven to be highly volatile.

Note

When I was referring to volatility in my above post, I meant things like this

4h USDT pair still looks bullish, with a descending channel and bullflag formed. Should a breakout occur, a move around 60% up should be possible.

BTC pair on the same timeframe looks similar, albeit with a smaller projection

Note

I am predicting a rejection or a fakeout at the top of the channel and then a sharp decline in price over the next 3 days at least. One can never be so sure though and I could very easily be proven wrong.

Note

It did close red on the 2D and soon it will too on the 4D USDT chart. After that the return to the target levels shall be swift.

Note

Didn't close red on the 4D. Watching closely to cancel trade if need be.

Note

Bullish on lower timeframes (4h-20h), bearish on higher (2D-3D). Watching closely and will update tommorow with comprehensive charts.

Order cancelled

Will reshort later. Coin too volatile.

Note

3D BTC pair not looking too good, more downside ahead. Personally I am stuck on a losing trade (shorted at 0.16) and will have to hold anyways, but probably now would be the right time to enter. Once more, it was really hard to time the market just right.

Trade active

4D USDT and BTC pair looking gravely, I hope you shorted around 0.16

Trade closed: target reached

unknownpower

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