GRTUSD.P trade ideas
High risk, big reward...Just a thought as I have been watching this for a while. I think it will be ready to pop soon. Safest would be to buy if it breaks the upper green line at around TP2.
GRT - Possible Inverse Head and Shoulders FormationJust a quick idea... this is a distinct possibility.
GRT is it exiting the consolidation period?Analysis recap:
RSi - 50.0 very neural
MACD - Golden cross on 4H (not very significant for GRT in this period)
On the chart we can see a Descending Wedge almost completed, if it wont breakdown to the downside it will be the signal for GRT to finally get back the momentum it has in FEB.
Suggested price range for long entryes 1.35 $ - 1.48 $ on short term we might not see any major move.
If GRT complete this pattern holding the support the target is going to be an ATH.
I am going to update this idea.
If BTC continues its correction - Re-calling 80 cent GRTUSDI'd seen 80 cents as a possibility for GRT previously, and with BTC confirming that it wants to be volatile - 80 cent graph seems very likely.
I have a lot of confluence still at the 80 cent area. I am a strong buyer around 80 cents.
I will link the previous idea to this one.
Thanks!
GRT - If it took the same path as MATIC did...I saw a similar comparison on either Twitter or an Idea here and decided to chart it myself. MATIC and GRT had very similar paths, at least since 3/1/2021 (on different scales). The orange line is MATIC, and the blue is my hypothetical GRT path. In a time when a massively oversold and undervalued coin like GRT is down over 30% in the last 60 days, it's good to remind ourselves of how these things tend to play out over time. If GRT took the same path up that MATIC did, this is what it would look like.
I've said this before, but with a market cap under 2 billion, GRT's potential has never been better. It really should be in the top 10/20 spots by market cap, but isn't yet. That is fine as this just gives us time to accumulate more and more at these prices. I'm not a crypto billionaire. I get paid every couple weeks. I pay my bills, put some in savings, and what's left goes into GRT right now. The more time I have to load up my bags, the better.
Of note, Vitalik Buterin recently mentioned the graph as a solution to querying historic data from the ETH proof of work blockchain, in an interview regarding ETH2.0
vitalik-buterin-talks-nfts-daos-defi-and-the-next-billion-ethereum-users
`"The entire transaction history of the blockchain will still be in this proof of work chain. But, eventually, Ethereum clients will delete the old code, which will no longer be compatible with the new version. “And people are going to have to either use old nodes or create special-purpose protocols to handle really old data,” he explained.
Tools such as The Graph, which can efficiently locate old data, are already available, he noted, and new ones are being developed.`
I'm confident that holding GRT will prove to be a smart move in the long run.
Good luck!
Is it June yet?As much as I'd love to see this break out right now, I think we'll continue to trade in this wedge for another 3-4 weeks. I'm long here and will be watching closely for a confirmation of the break upwards.
GRT/USD - 3rd wave could be starting right nowPerfect setup in the perfect pattern. Leveraging the smaller move within the bigger daily breakout
BTC MIR GRTUSD Technical Analysis & Predictions 5/9/21*DISCLAIMER: I am not a financial advisor and this is not financial advice or a recommendation to buy or sell as these are purely my opinions and speculations. I may also own or trade (long or short) any of the symbols and cryptocurrencies mentioned in this video so do not make your trading or investing decisions based on this video. I do not guarantee any results nor am I responsible for your actions. You should always do your own due diligence before trading or investing in this market as it is extremely risky. Affiliate links are also included in this same video description section here and if you decide to support me by using any of them, I may receive a referral bonus or commission.
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$GRT - Accumulation/ Possible Inverse H & S Pattern forming. Hello Traders,
Take a moment to look at $GRT.
#TheGraph has been n a sideways motion for some time now and has been accumulating.
You can see within the accumulation channel that the price action has started to narrow and the pressure seems to be tightening the up/ down movements to less volatility.
If the price can continue to form the inverse Head and shoulders, we could see a break above the local resistance at the top of the accumulation box.
Tomorrow will give us a great indication of what the rest of the week should look like.
Either way, I do think GRT is a ticking time bomb and we will see a nice up tick from now until the end of May.
Good luck!
GRT Little Cup, Big Cup Pt. 2Along with my last post, I noticed that the retracements for both cups were strikingly similar. Aligned with Fibonacci, both seemed to retrace to the .786 level. Food for thought...
Again, this may be a reach I just found the cup formation interesting. Do what you will...
GRT Little cup, Big CupThis may be a reach, but looking back at the beginning of the year GRT seemed to form a cup into a melt up that brought it to levels seen today. I noticed a similar (and larger) cup forming recently. If trend continues hoping for a push much higher.
GRT: Building back upSince the April 23 low, GRT is working on building back up. So far since the February high, it's been a three month long consolidation. At this moment price is in an upward channel trying to break above daily 50 EMA and SMA. Compared to other alts that have come back from the graves to make ATHs during the last week or so, GRT is still stuck in the support box. This is not out of the norm to have a rotational market, but we don't know yet which rotation GRT will be a part of. We will find out soon enough. For now looking at the support and resistance levels.
1. Price is trying to push above 50 EMA and 50 SMA, bunching underneath for the last few days. If we see a price support above this and see 50 EMA crossing over 50 SMA, it will be a very bullish sign.
2. Price needs to break above the first resistance level of $1.77 - $1.85. This has been the failure point, support turned resistance for the last few tries. Above that about at $2.17 price failed to breakout twice. Above that is the last all time high at $2.89. Until we see price getting support above at least resistance point 2, the consolidation will continue.
3. If there price fails on the first resistance point, we still have the blue support box. If this fails the third time, we have the last line of defense at the last low at $1.13 level. If that fails, then there might another 30%-40% drop all that way down to the last little structures.
Let's see how it plays out. I am holding long from the April drop. I will get out if the price doesn't hold the support box. I will add more if price starts to break above resistance. For now, ETH, LINK and other name brands are doing much better than GRT, my money is tied up with those. Once GRT starts to rip, I will be sure to jump on the bandwagon.
GRT Update: Short term bearish, but Momentum changed in MACD!!FACTS:
1. Just as Google indexes the web, The Graph indexes blockchain data from networks.
2. Can buy in the BIG exchanges like Coinbase, Binance, and Kucoin.
3. Longer the CONSOLIDATION, the bigger the move. Think of DOGE. Consolidated in a range
for 3-4 years, then exploded over over 1000x. Don't buy the hype, buy the fear and Cryptocurrencies that haven't moved yet!!
Market Cap: 1.9 Billion (HIGHLY UNDERVALUED!)
Total Supply: 10 BIllion
Everything is on the chart! GRT is on the verge of exploding higher. Dips/Corrections are normal and are needed in a bull market, and are BUYING OPPORTUNITIES! HUGE GAIN opportunity in the coming months!!. Buy targets are between the Fibs (shown in the chart). On the chart, the RSI is bouncing off strong support resistance from the past and we are CLEARLY OVERSOLD... MACD changed momentum to bullish on May 1st. GRT is about to make a big move right after the correction that will happen VERY SOON. NEVER TRADE BLINDLY. USE MULTIPLE INDICATORS TO MAKE CALCULATED DECISIONS. TRADE WITH NO EMOTIONS!!
CHARTS DON'T LIE!! Small/Mid size Corrections will happen on this journey to $5000 which corresponds to the Fibbonacci target in the next couple of months! Once target is met, a HUGE CORRECTION (maybe 70% dip) will occur. Take profit and buy again for the REAL bull run to begin!
My last LTC chart:
Check out the Altcoin season chart below (Crypto Total Market Cap Excluding BTC ). We are on the verge of another altcoin super cycle
Altcoin Season is just getting started!! BULLISH CROSS on weeky!
Bitcoin dominance will die down and Altcoins will take over!! Whales/bots/institutions will be moving their Bitcoin ( BTC ) into the Altcoins, meaning Altcoin Season is just getting started.
Money flows like this:
FIAT > BITCOIN > LARGE MARKET CAP COINS > MIDDLE MARKET CAP COINS > SMALL MARKET CAP COINS > back to FIAT, and the cycle starts again.
I have moved majority of my BTC and diverse them into different altcoin positions. (ETH, HBAR, GRT , XLM , XRP, NEO, SNX , BNT, BCH, ADA, LTC, BTMX, LINK, FORTH, BTMX, and NKN are the some of the altcoins I am moving BTC too).
Get ready to have an explosive Altcoin season just like what happen in the 2017 bull market. Once my sell indicators hit, I will be selling my positions to buy real estate, a lambo ;) , and moving the rest to Ethereum to Stake it!
Good Luck!
"If you can't beat the fear, do it scared!"
"Be fearful when others are greedy, and greedy when others are fearful!" - Warren Buffet.
"Markets are a device for transferring money from the impatient to the patient. - Warren Buffet
"Show me the charts, and I'll tell you the news." - Bernard Baruch
Bitcoin is looking bullish and the alt coins are revving upHEREEE WE GO AGAIN ! FOLKS this times going to be one for the books...
The amount of hype thats going to be trailing behind this altcoin season is insane, and we're going to want to position ourselves right in the middle of it all.
I was bearish on this coin in particular in the past but its breaking out of trend lines and putting impressive digits up where id expect this coin to be down its holding a solid sideways price action.
The Graph (GRT) Moving Sideways In AccumulationGetting a nice sideways cruise with The Graph (GRT). We've been holding a sturdy support level above $1.00 since February's run up to $2.89. Then we cooled down and hit a low of $1.13 on April 23rd. And since April 23rd it seems like we have a slight bounce back the upside. In between $1.33 - $1.80 seems to be a nice area to scoop up some before we inevitably retest those all time highs. There's some good run up.
The fundamentals behind The Graph are very strong. From Coinmarketcap I emphasize "The Graph is working to bring reliable decentralized public infrastructure to the mainstream market." It is projects like these that do well with the narrative of this bull run. It is also an ERC-20 token so it will be very interesting to see how Ethereum's EIP1559 effects the whole ecosystem after July. GRT is a good long term project.
Just my opinions and observations. As always much love, peace, health, and wealth.
Buying GRT/USD, Potential 100% gain!As you can see from the chart, we have finished the intermediate wave (4) and just potentially (with a high probability thanks to our objective indicators) finished the minor 1&2 waves heading to a 3. The RSI says the door should be open for the 3, as well as the volumeRSI. Please remember to research and understand the formulas of these indicators when you use them.
Also, you can see where on the wave 2 we hit a 38.2% retracement, which is common.
I am a buyer between now and $1.13, which is the bottom of the (4). That is also where my stop will be. Target between two and three dollars.
thebitfather.wordpress.com - check out my free blog for more trade ideas and proof of purchase of my trades and risk management. I put my money where my mouth is.
UPDATE: GRT - Next Stop: 1.73 actuallyJust a note on my last post that i was looking at the 1hr timeframe, but it would appear that we stopped right at 1.73, which was the next FIb level on the 4hr timeframe. The 4hr does seems to line up much more nicely, so reposting.
Next stop: 1.73 (again) and then 1.92!
GRT - Next stop: $1.75Quick note: we just broke through the upward channel we've been in for a while now and the next fib level. Next stop would be $1.75, Bitcoin willing.
My thinking currently is that GRT should be in the top 10 by market cap, but it's sitting at the #71 spot. With around a $2B cap, GRT just has a TON of room to grow right now, and it is fundamentally better and more useful than most of the coins that stand between it and the top 10. If it had Chainlink's cap, which it should, it would be a 10x increase in price. Also of note: where will all that DOGE money go when it gets sold off this weekend?
Just my thoughts, good luck!
GRT's Market Makers are sadisticHey Everyone!
GRT's market makers made it look like they were invalidating an inverse head and shoulders - and then shot it right back up as we entered this new alt season.
Now it just looks like a big bull flag, again.
I have nice confluence around 4 bucks - I think many others do, too. After that, I am seeing some interesting confluence around the low to upper 8 dollar range.
A colleague of mine taught me about the gann fann. I think that once we break out of it, and bust through the S/R zone above that is from about 1.9-2.2 and establish it as support - we will probably be ready to rocket up to 4 and beyond. Of course, we could just see a ridiculous parabolic move that busts through it without confirmation, too.
So again - intermediate targets - 4 dollar area, then 8 dollar area.
Thanks!
