GRTPERP trade ideas
GRTUSD - BTC side looking bad, see confluence around 20-25 centsWith the BTC side of the graph getting rejected at the downtrend again recently, and BTC showing it wants to dump again - IF the graph cannot hold support at its local bottom - which there is a case that its local bottom is its bottom - then I have a good case that the graph could visit 20-25 cents before we get out of the woods.
A possibility is that BTC fakes a move down to 24-26K, and we've already bottomed, so please be aware of that!
I've attached some related ideas to this one for reference.
I will be placing buys all around that area - this is a great potential opportunity!
Inverse Head & Shoulder PatternGRT is moving right along with everything else and appears to have completed an inverse head and shoulder pattern. Bitcoin still controls what happens, but this lines up with the .5 fib just about perfectly. Back to 1.17 soon. Bullish as always in the long term as GRT is so severely undervalued!
GRT/USD and the case that it has completed its capitulationThere is enough convincing confluence in fibs to make a case that GRTUSD has completed its capitulation, too, IMO. There is still a case for lower, but I would make no qualms about buying here.
It dropped 83% from its ATH to go along with this confluence, so I'd say that is a pretty strong capitulation with a bit of data suggesting that it is completed. There is also a case to say that the graph may see as low as 10 cents, but I don't think that it plays out, personally.
Play at your own risk, but not a bad time to grab some graph IMO : )
I have attached some ideas to this idea for reference.
Thank you!
GRT/USD I think the downside is pretty much done, but...So, I thought that 80 cents might be the furthest down they take GRTUSD, however, they surpassed this point.
I'd mentioned 50-60 cents as a S/R area beyond that, and we did in fact go there! Ouch! Attached corresponding ideas to this idea.
I still personally think that the Bitcoin Correction is finished - please reference my "worst case" analysis if interested. Attached to this idea.
I see a possibility of 10 cents if things really get bearish - but I really don't think that happens, tbh.
Taking a look at this fib sequence in magenta, it shows that they may do it, however.
Just my 2 cents.
Stay Safe!
Thank you!
GRTUSD-2 possible scenariosGRTUSD is currently chilling in the big picture 618 pocket.
It appears to still be in a large falling wedge.
I think that we probably get a recovery rally here, but we will need to break out of the falling wedge, and establish the $1.50ish area resistance as support, otherwise I think that we head down further if BTC continues its sustained correction.
I still have fib confluence around 80 cents as my personal floor/strong buy area.
My two scenarios and everything that I have mentioned are pictured in this chart.
Thank you!
GRT is ready to pump From technical point of view as it is shown in the chart, the bottom of the long-time channel is touched, and the 3-months correction period is over.
On the other hand, using data from Coinmarketcap almost 96 percent of GRT coins are held in 100 wallets. This confirms that GRT is about to EXPLODE. Don't lose the opportunity for a good profit. I think GRT will touch 10$ and above very soon.