GRT
GRT due for a big moveGRT has gone through a cool off correction after hitting its ATH in beginning of Feb. we have been seeing recent pushes up in our candles and then coming backdown throughout the days, I am looking for a golden cross on the MACD hinting at upcoming big movement for grt, also tomorrow i think we could see price come back up as our Stoch RSI is coming back up from the oversold zone. Ema ribbons slightly up but for the most part pointing sideways. I expect us to see some nice movement in GRT soon. Worst case if we do break into the 0.2 FIB which the bulls have so far been holding we could see a little more of a drop somewhere in the 0.2 level, i think this is the more unlikely scenario but if it does happen i will be buying the dip! Not financial advice just my opinion.
ALTCOIN EXPLOSION & PSYCHOLOGYHello everyone!
Today is more like an informational post than one just about technical analysis. I will focus more on trading psychology since this point is more important if you wanna call yourself a successful trader.
On this chart you can see the total market cap, excluding BTC on the 4h time frame. I have hallmarked a typical cup and handle pattern. This one is easy to identify and performed well during this bull market so far. The cup and handle pattern is considered to continue the previous trend, which is clearly up. An inverted cup and handle is more likely to be seen in downward trends (bear markets).
So WHAT does this chart have to do with trading psychology now?
I have also made my lessons. A successful trader is losing too. The difference between a successful trader and a beginner is that the prosperous makes sure that the winning ones outweigh the losing ones and of course, he has a better mindset than the amateur. The advanced trader also knows how to read the charts and how to behave during times of blood. Everyone knows what's next, but only a few people will make it.
Do you know which kind of people?
- those who do not oversize/over-leverage (manage risk)
- manage timing/entry/sizing combined
- have a big picture in mind and act in relation to that ( pirmary-/ secondary-/ minor-trend)
- point 3 includes also a cold mind because every day you are making a decision about:
>Should I stay in the trade?
> Should I exit?
> Should I add some size because of discount prizes?
> Should I exit and wait for a better entry?
> Should I add more leverage because it is a ‘no brainer’ trade?
> Should I add some more positions because all coins show equal patterns and I am gonna be rich after that trade?
..Everyday you are asking yourself one of these questions in one form or another, whether it is consciously or unconsciously. A trader's mind never sleeps.
This is me for today. Hope you like it. Let me know in the comments below what I can improve.
Cheers!
GRT looking at a big breakout hereFlag here, easy trade with a tight stop, this has a very nice risk return setup.
Using flagpole for fib extension.
Long (market) - 1.76
Stop - 1.64
Target #1 - 2.17 (before breakout on pennant resistance)
Target #2 - 2.93 (1.0 extension)
Target #3 - 5.58 (1.618 extension)
GRTBTC - Inverse H&S on the RSI - 3H ChartSpotted an inverse head and shoulders on the RSI. MACD is about to make a bullish cross. GRTBTC is testing support along the 0.5 fib line. I at a minimum, I expect a 10% gain as GRTBTC retests the MA 50 which has been a difficult line of resistance in the past. If GRTBTC does not hold above the 0.5 fib level, I will expect more movement to the downside as it tests the lower fib levels for support.
Happy trading!!:)
The Graph (GRT) completing Shark pattern for Upto 53% rallyHi dear patrons, hope you are well and welcome to the new update on The Graph ( GRT ).
On the daily time period chart, the price action of the GRT is completing the last leg of the bullish Shark pattern and soon it will be entered the potential reversal zone.
this trade has a huge profit possibility of 53%,%, and the high loss possibility up to 11%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
UPDATE for GRT. Bulls held the 0.2 FIB!Yesterday i came out with some TA talking about how we saw a 10% drop for GRT and how the bulls needed to hold the 0.2 FIB level, and they did exactly that we are seeing a very nice recovery as of right now, the most ideal situation would be to push higher and close above the 0.3 FIB, unlikely for today but i believe we will see a good close and then push forward in the coming days breaking through the 0.3 FIB. We see the Stoch RSI is right about in oversold territory and i expect it to come back up soon. ichimoku cloud continuing with support and our EMA ribbons are pushing up with bullish momentum! If you bought the dip yesterday you are already in profits! NFA just my opinion.
GRT Idea Part Two using RSI and FibHi
Ive already created an idea regarding $GRT using it's RSI. However after looking at GRT again I noticed the last time GRT dipped into oversold on the 1hr chart we were met with a close to 40% increase. We recently dipped into oversold on the one hour chart and have so far bounced 15%. If we are met with a identical 40% increase that will take us to the 0.618, which is very important. This could be the big move!
GRTUSD trending upwards & showing potential triangle breakoutThe graph appears to have broken out of its symmetrical triangle and be in the process of bouncing off a retest. Extending from the base of the triangle to the beginning of this young chart produces an ascending trend line giving support. The chart structure now shows key support and resistance levels, with the next upwards target at $2.20, although $2 may also come into play as a key psychological level.
GRT bulls got to hold this level We saw aprx. 10% drop today for the graph which provided a decent buying opportunity and we held and closed our daily candle above the 0.2 FIB level shown by the 2nd most recent candle. now we will see if the bulls can hold this level going into tomorrows daily close. We still also have support from the ichimoku cloud going sideways. If we were to close below the 0.2 level there is a chance we could see a pullback to the 0 FIB, i doubt we will and if we do i imagine it'll get bought up very quick and then we could start to see a climb back up. NFA just my opinion.
GRT RSIHey guys, Ive just noticed something about the GRT price chart for a scalp trade maybe.
The last time GRT dipped into oversold on the RSI of the 4 hour chart we say a 40% move. Im assuming something similar may happen here.
My findings are the same on the one hour chart. If we were to hit a 40% move from here, That takes us to around the 2.30-2.50 range. meanwhile breaking key resistances as shown in the graph.
Just an idea.
GRT SHAKEOUT UPDATEHi guys!
While sometimes it seems obvious to everyone, it does not mean it is easy. The market is playing with your emotions, do not forget that. You might be right about your position but most will not hold through some shaky movement. To me, GRT represents a great example for such a possible shakeout scenario. K.I.S.S. method is what I prefer. Keep it stupidly simple. The Graph is currently in decision mode, whether it does continue making higher lows and higher highs and breakout from its triangle (less likely) or we get a small fake pump to convince high risk ppl to step in with high leverage and then liquidate them before going parabolic. Funding rates are high and need a cool down. I see GRT trading at around $4-5 in the near future. So be careful if you are using high leverage. Do not burn your fingers like I did years ago.
Stay safe and have a great weekend, Cheers!
GRTUSDT (GRT) - BIG MOVE ANALYSIS 🔎
- BZRXUSDT is consolidating in a symmetrical triangle pattern .
- A relatively big move is imminent.
POSSIBLE PRICE ACTIONS
- Uptrend ⬆️: breakout above the symmetrical triangle's inclined resistance.
- Downtrend ⬇️: breakdown below the symmetrical triangle's inclined support.
TARGETS 🎯
- Uptrend ⬆️: Horizontal resistance levels (R1, R2, R3).
- Downtrend ⬇️: Horizontal support level (S1).