Coinstreet

GRSBTC Trending up

Long
BITTREX:GRSBTC   Groestlcoin / Bitcoin
GRSBTC just made a nice swing high on the HRLY chart with good volumes.
Its currently trending above the Daily 200 Moving average.

In most cases these swing highs create volatility in the range of the wave itself where this trade idea is based on.
The fib levels show the support and resistance levels and I expect support to come in around the 0.50 - 0.618 fibonacci level when we do retrace here further.

This would be my ideal buying range for a good bounce where I take my first profit.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.