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EuroMotif
Dec 21, 2020 10:13 PM

GRT.usd Retrace approaching likely Target of 40 cents : Heads Up 

The Graph / United States DollarCoinbase

Description

As you know, GRT launched on Coinbase and rocketed.
It hit major resistance per Fibs, which I posted in chat.
Now we are approaching first plausible retrace target.

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I do not use "Fibs" in the "traditional" manner (retracements).
I use Fibs to plot "Ripples" (extensions) created by "Impulses".
Then look for "Confluences" to map the "interference Pattern".

My TV collection of ideas detailing the Concepts:
Chapter 1:

Chapter 2:

Chapter 3:

Chapter 4:

Chapter 5:

Chapter 6:


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Comment

Almost there

Quickly approaching our target


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Zoom IN (1min)
Little bit of levitation/deceleration just above, a good sign.

Watching closely now, looking for aw bounce with an "Imuplse"


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Comment

Was that it?

Zoomed in with Local fib in blue
That blue 5.236 may well have been end of local wave.

Time to start looking "Impulsive" structure to eh bounces.

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Comment

Looking decent

Got bback above gold 2.618
no easy feat. Now I want to see a retest with a loud "Ping" on .4550

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Comment

Bounce Looking good.

Best possible Attack Vector against 50 cents round


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Comment

Bounce still Looking Good.

Now at first resistance
pierced the support below but recovered quickly.

Now to push into 50 cents and see what happens there ....
Comments
MUSICAL_COSMOS
my stop was hit at .54 it was a good run and i had to use restraint to walk away. don't get attached to the assets u trade folks.
EuroMotif
@MUSICAL_COSMOS, Good advice indeed!
NaturalPatterns
hi man. this was perfect !
i tried pulling the genesys fib and placing it a little higher to the top of (i) near 28-29 cents. try it ! it really fits the rest of the play

All inspired by your fibs, thanks !

ging999
I think this has more down to do before a retest of ATH
stell_s1
My trade plan in the "Falling wedge" for EUR pair
cosmicos
I am new to this so any idea of help is very much appreciated ! I bought from 73.80 almost 2 days ago and keep waiting ever since. The numbers are decreasing and decreasing. Any idea when or if ever it will reach to mu buying point ?? Or will it go higher ?? Lost money at the moment. Don’t know what to do
stell_s1
@cosmicos, You bought at top. Don't expect to cover losses. Probably you need to think about cutting losses at some moment
Starlinkbtc
@cosmicos, buy more low, wait for btc to pump to 25k & GRT hits 1.oo sell .. not financial advise role playing . good luck noob
Seganku
Any thought on further movent after that retrace?
EuroMotif
@Seganku, no ideas yet, will need to see where the retrace stops and uptrend starts.
I will be looking for an "Impulse" upwards, to then try and gauge targets....
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