Just noticed this coin looking through charts. If you are holding BTC it is probably a safe place to put some. It looks like it is starting to make a move. Up 7% or so today. The GRC coin can be played on Poloniex and Bittrex, not playing myself as I am not on them sites for now but just posting to see if I am correct.
The thing with this is the volume is tiny, something like 5BTC in total. If this moved just 50pts to 500 people would notice that % change and just a few more BTC could get it going. Its worth a go if you are holding BTC on either of these sites, use a SL just under where it has broken out for and keep an eye on its volume. It could go right up to the VWAP which is around 1200.
Would make a nice buy area, let the rsi etc reset.
Just to show the target zoomed out a bit, you could probably play this up as waves happen. Take profits on spikes and buy back on 0.5-0.7 fib pullbacks.
As you can see on the daily chart, it has hit a bottom as has happens 2 times before, each time with a big spike following. Last one took 30 days to make a 100%+ move.
The thing with this is the volume is tiny, something like 5BTC in total. If this moved just 50pts to 500 people would notice that % change and just a few more BTC could get it going. Its worth a go if you are holding BTC on either of these sites, use a SL just under where it has broken out for and keep an eye on its volume. It could go right up to the VWAP which is around 1200.
Would make a nice buy area, let the rsi etc reset.
Just to show the target zoomed out a bit, you could probably play this up as waves happen. Take profits on spikes and buy back on 0.5-0.7 fib pullbacks.
As you can see on the daily chart, it has hit a bottom as has happens 2 times before, each time with a big spike following. Last one took 30 days to make a 100%+ move.