The GRTBTC price has come down a lot and has drawn a hidden bullish divergence on the weekly timeframe setting up for a rebound. The daily chart suggests a bounce with an inverse head and shoulders pattern to target around 545sats +34%. While the next real resistance seems to be around 800sats +100%. To the downside it should not fall back below 360-340sats (-10%) giving it a good risk reward of 3:1 short term and 10:1 medium term to trade this rebound. As GRTBTC belongs to the AI crypto category it also fits with the current AI narrative.
Comment
This escalated quickly
Trade closed: target reached
booked profits on half of the position at 740sats after nearly doubled. keeping the free GRT for now, next target should be 1400-1700sats, but its moving a bit too quickly.
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