Hello Traders! GRT has been ranging since late March and is showing first signs of strength recently. On the BTC pair we can see that price has attempted to break the triangle upwards. What we want to see is a clear break of structure (BOS, the blue line) with volume. This will clear the area around 3000 sats where we can expect heavy resistance. Then the idea...
Hello Traders! BTC has: - almost reached the target of the large wedge (marked in red) at 44700 - touched the 20 MA Weekly and price is currently compressed above it - created a lower low to potentially complete corrective wave C We can prepare entries for 3 scenarios: # BTC goes up from here: FOMO enter with a tight SL. # BTC forms a Wyckoff accumulation...
Hello Traders! BTC has: - almost reached the target of the large wedge (marked in red) at 44700 - touched the 21 EMA weekly - created a lower low to potentially complete corrective wave C We can prepare entries for 3 scenarios: - BTC goes up from here - FOMO enter here. - BTC forms a Wyckoff accumulation pattern to consolidate the low and start a new impulse...