One of my favorite coins, GRT has been in an accumulation pattern for many months. I am betting that btc will either move up or trade sideways for awhile, either of which should benefit alt coins in the short term. I feel that GRT has reached the bottom of its channel for now and have purchased GRT at an average cost of .57.
My targets for this run are .90, 1.50 and 1.75 and I will take profits as each target is reached. Thank you.
Comment
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Btc strong rejection at 44.5k. Bull thesis not looking great, not yet at least. Taking profits on this trade and looking to reenter again lower.
Trade active
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Re-entered trade at .582. Btc ranging so should be good for a pump back up to at least .625. Might push my luck and try for .69.
Trade closed manually
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The market continues to look so unhealthy. If GRT drops to around .42 and forms a double bottom, or moves down to the mid-30's then I will reenter this trade.
I love this project too. Huge triangle, wait for the breakout and now bullish impulse Thanks for sharing it 🦐
ClearOpenDoor
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@plancton0618, Yes. Also be aware of a possible final selling climax that marks the end of accumulation and final shakeout before the next move up.
Targeting 3.75 once accumulation phase is complete.
trytofeelpositive
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nice chart mate,agree with ur targets i've thought the same
HayeTrading
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Certainly looks like it's setting up for a big breakout, price appears very cheap during this accumulation, nice idea 👍
Serj3
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It' my favorite too. I think 24-28 bull run will start
ClearOpenDoor
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@Serj3, That's a very good guess esp if they want to drive it down there one last time. I'm also looking at the possibility of the mid-30s for a higher low.
Huge triangle, wait for the breakout and now bullish impulse
Thanks for sharing it 🦐