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.
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.
keeping the free GRT for now, next target should be 1400-1700sats, but its moving a bit too quickly.