GRTPhase 1 “Accumulation” almost complete
Waiting for Phase 2 “Bull Phase” 😎 ... then phase 3 “Distribution,” where is time to sell and make some profit, and finally phase 4 “Bear Phase”
Silence23
GRTUSD.P trade ideas
GRT UPDATEHI everyone!
Hope everyone is doing great. Grt looks bearish at the moment. I believe, with the given data we do have a nice support at $.65 - $.60 but that doesnt mean that it cant go any lower than that. If everything goes according to what we plan im expecting a pull back to $.65 then quick bounce to $.77. so far thats all i have. once we get more data i will share it. please leave your comments, i would like to hear everyones plan and point of entry
Thank you
Happy trading
Burak
GRT Short Term Descending Broadening Wedge [Bullish]What’s up fellow traders! I hope you are all well and enjoying the GRT ride so far?!
I just wanted to share a few things I have observed recently and what I am looking for from GRT over the next week. As you know GRT has been a really exciting market to trade in both BTC/GRT and GRT/USD-EUR-GBP and I am super positive for the future on this project.
I know that everyone is very excited for the $1+ move, as am I and it’s going to happen soon. However, although I am seeing some potential bull flags, my attention have been drawn to the sexy Descending Broadening Wedges that GRT has been printing since its launch in December. These are incredibly bullish, as the price on GRT has demonstrated and are some of my personal favourite patterns to observe following a market hitting an ATH or local highs; especially as the vast majority of Descending Broadening Wedges end with a bullish exit.
The first two Descending Broadening Wedges I have drawn are validated by the price touching resistance and support lines 2-3 times within the wedge. The oscillation of the pattern then tightens towards the end of the broadening wedge, drops out of the bottom of the Bollinger Band's, just at the point where sellers & shorter's lose control of the market and buyers take over.
What is particularly interesting to me within these Wedge patterns is that the RSI is cooking white hot at the previous local highs and the recently printed ATH (obvious I know, but 'Bear' with me - excuse the pun!) however the bounce to new local highs has been made after the RSI cools down to <40.00; ideally around 35.00 or less.
I fully appreciate the euphoria and enthusiasm of the recent ATH and calls for $1 (which will happen), especially in the excitement of this bullish cycle and the strong fundamentals of this project. However, I believe that it’s too obvious of a move at present and until the RSI cools off to <35.00 and the Descending Broadening Wedge plays out then $1 will not happen just yet. Sellers are hard shorting GRT at the moment below 0.85 and I can see why.
Another point of interest is the falling volumes, which whilst not always a huge problem, can have a serious impact whilst prices are trying to rise.
So what am I doing about it......
Buying now is not a weak or poor trade as $1 will happen, however much greater profits can be yielded, by looking for better prices further down the broadening wedge. I would usually use some Fib channels to present entry points for longs, but I don’t like using them on short time frames and new markets. However..........
.............. my current position is that I have laddered many buy orders from $0.70 down to $0.60 to add to my bags and I will be looking for a very strong bounce when the RSI cools off and there is a drop in price and exit at of the bottom of the Bollinger Bands. Then I will be looking for a very strong rise to new ATH's; near or above $1, whereby I will provide further analysis.
Will all my buy orders get filled? Probably not, but I do expect a local bottom around $0.66 - $0.65 and have put extra buy orders in lower just in case the Broadening Wedge fully plays out or BTC has a diva moment.
Of course this is the crypto world and anything can happen, so if a breakout (up or down) occurs out of the Descending Broadening Wedge, then my analysis is invalidated and you can all laugh and point at me. ETH is mooning (and may dump hard too after), so that might have an unpredicted effect, plus this world is off the charts mental in general !!
This not financial advice, so please take this with a pinch of Colombia’s finest white export that you buy on the dark web with your naughty Monero.
If you have made it this far, I thank you sincerely for the dedication and love and if you message me your 'Kriegerrand' wallet address I will drop you a few coins :-)
Happy trading and stay safe.
GRT Who else see here forming a symmetrical triangle?
Comment below what you think 💣 $1. Coming soon! In 1 day or 2
GRT: Correction TrendIt looks like GRT's correction is heading in this downward channel for now. If it breaks below we'll reevaluate the next possible buy areas.
GRT: Passing Previous All Time HighsHey guys! Right now, GRT is in a correction phase after a massive climb, breaking previous all time highs. We went from $.63 to $.88 in about a day! In my opinion GRT will easily pass $1 in the near future (assuming BTC doesn't have a massive dump).
I marked potential purchase entries for this correction and also labeled previous dips after having a high RSI (overbought territory).
*** Not financial advice ***
GRTUSD - BULLISH: UPDATEAfter channel break, price continues its climbing. Nevertheless i am expecting pullback to $0,66 today where are strong support and 61,8% FIBO of last move. Then new ATH is matter of time. Please comment what do you think ;)
GRTUSD - 01.02.2021 UpdateWe've just hit new ATH like I was forecasting in previous analysis. I think in short term there will be no more significant grow. Time for stronger pullback.
On the chart we can see that 11.01 - 18.01 wave is equal to 22.01 - today wave. I am expecting short sellout also equal to 18.01 - 22.01 retracement. Target is 0,55-0,60 area.
After that we can go for 0,88 and $1.
Here is some possible scenario for GRTGood Morning everyone!
As Grt moving slowly downwards we are all wondering where is the good buying point again for our $1 target. We need that pull back before we can go further and reach our $1 goal. much of it depends on the Bitcoin. As long as there is no big dump on bitcoin our $1 target and possibly beyond is more reachable. We will see better once get more data. I am curious to see what everyone prediction to new support level? leave a comment with your GRT new support level and new all time high predictions.
Thank you and Happy Trading
Burak
GRT on track to 1.30 by March Take it as it is. Grt is pushing for the dollar ranges for the future. Their white paper is solid plan and implementation is solid. It does appear to be linked with BTC on the drops. but decoupled by sideways movement of BTC.
Great for short term scalps and long term.
Graph to 1$ (finally?)-bullish channel and if this is correct the new ATH could be at 1.3$
-potential risk at 1$ because of the psychological level.
Share your ideas :)
CONGRATS EVERYONE !Hi everyone ,
Congrats to everyone! This was the moment we been all waiting for patiently and it finally arrived. I took my profit out at .86. My re- entry point will be around .45.
Great job everyone!!
GRT momentum is steadyIt appears the momentum of GRT is not slowing down at all. I predict that the next high will be around 0.93 and we'll see if it can reach $1.00 within the next 24 hours. Good luck everyone, it's been a nice ride!
COINBASE:GRTUSD
GRT You're all clear kid. Now let's blow this thing and go home!GRT has a new ATH after solidly breaking through resistance! Now retesting support as I type this, but this surge is bullish regardless. This is occurring with the backdrop of a flat crypto market in general tells you the strength of this Elliott Wave 3. Exciting times ahead!
TAKE PROFIT HIT, 100% PROFIT, RISK FREE, NEVER EVEN TOUCHED SLjust a quick post to celebrate with you guys our take profits hit for the second time , from .28 to .60 and now we have .39 to .85
still have the .90 mark to hit for entry at .45
sadly i missed the buy at .56 but i will hold on to some of this trade for higher profits
thanks again guys for all the love in the messages and comments , its amazing how we have had all good trades so far , lets keep them slow and steady
Enter THE GRAPH on the pull back before launchThe graph has completed the cup and should do a small handle before launching into price discovery
The Graph (GRTUSD): Graphing a beautiful picture to the skyThe graph(GRT) is an interesting project with good partnerships and adoptions by other crypto projects in the space.
You can always find a good Youtuber to explain this better than me. Please do look this up it is an interesting project.
Alright, let me get into the technicals now.
We had the initial resistance band around 0.4 USD since the start of the year. We successfully broke this and retested this twice now.
In the process, we also bounced back from the current resistance which is around 65 cents to 68 cents.
Currently, we are at our third attempt to break this resistance. We could possibly reach around 77 to 80 cents. At least one is required to maintain the sustainable bull run. What I mean by sustainable bull run is(Not expecting any super sharp drops).
Wait who am I kidding this is crypto expect the unexpected, expect parabola run, and a huge dump back to retest, if it doesn't retest the current resistance at least once now.
Also, looking at the pattern from the launch of GRT it is forming a huge cup and handle.
Considering how the market is moving now, the alt season seems to be completely here, and expect GRT to enter price discovery by next week.
I expect the price to move to as high as 1.15 to 1-25 USD before any form of correction or retest of previous resistance levels as support.
The volume isn't great now, but I expect good volume once it breaks beyond 70 cents.
Also, if the current resistance pushes the value down expect 50-54 cents.
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As always, not financial advice, just my opinion after understanding the chart technically.
Thanks for your time.
Stay safe, sleep well.
Good day.
GRT IS CRUSHING MY PREDICTION , THIS IS AMAZING.hey guys the last couple days has been beautiful , i was telling you guys my analysis's has a lot involved ,
if i do all the typing i would lose you guys attention lol.
So starting monday i am going to make a video breakdown of the previous week of all of our "ROAD TO CRYPTO SUCCESS TRILOGY" .
i will also keep my daily weekday posts on them , i really thank you guys for all the love in the messages and comments ,
keep sending the messages , i promise to keep helping , i was told if you feel like something is missing , maybe you need to step up and do whats missing .
thanks again . so lets get into this post ,
this post is very simple it was just to let you guys know that the market is flowing perfect ,
i was expect tomorrow to be a down day , we may even wick down 20% possibly .
thats if we stick to my prediction of ATH by or around feb 1st , but i def want you guys to look into GRT/BTC ,
it doesn't make moves like GRT/USD but it is a key component to how The Graph gets its value and what controls the Supply and Demand of GRT ,
GRT's ICO was mainly BTC driven , being a ETH token , it gave BTC value after launch and we whales trade GRT/BTC ,
the main supply of GRT is taken by BTC holders , which hints the Market & BTC being down but GRT being on the rise ,
this is BTC holders taking taking the value , now this doesn't mean that when GRT/USD & GRT/BTC moves with or against each other ,
this just shows signs on which market is going to move , due to value , supply and demand ,
simply put 1 BTC TOKEN = 46,000 plus GRT TOKENS ( AT BTC CURRENT RATE @ 11:45 pm Jan 30 )
with one purchase they take over 46k tokens off the market , this is very much different from GRT/USD transactions ,
this is key to finding buyzones , and take profits , i know this has been a lot lol but any questions just let me know below in the comments ,
or just send me a message for detailed help , thanks again guys i really appreciate it .
if you are new here , thanks for viewing , don't forget to follow me for more . all messages and comments are welcome.
