Things didnt look too good for GRT for a while. But since BTC pumped we might be ready for a push up. The EMA's are not too promising. Higher timeframes also not (yet). But who knows if the trendline holds as support...
The stoch and rsi on 2hr ok. RVGI also changing. Macd turning
Higher timeframes not yet.
The stoch and rsi on 2hr ok. RVGI also changing. Macd turning
Higher timeframes not yet.
Trade active:
Long...
Comment:
As we took a LONG from the point where nobody see it coming yet... Things have been going according to the plan.
Leverage went up... Boundaries were set. Can you imagine what happend??
What went on in the mean time: The GRT-BTC pair broke the "downtrend-line" that acted as resistance on the Daily timeframe. Bullish on BTC now too. BTC dominance descends a bit. Good for alts in general. But dont underestimate BTC. She is bullish and more gains to come. 45k this year is my assumption. Many opportunities to come.
Below I wil show my TP areas.
Be aware this might not run in a straight line up, not perse meaning I cash-out yet... to take profit, depends on the moment and behaviour of market. Small corrections are part of it.
We had a higher low after the first wave. So a higher high is very well possible. >0.22
Dont take the numbers exactly. But around...
TP1: 0.17
TP2: 0.22
TP3: 0.30 <
TP4: 0.40?
Leverage went up... Boundaries were set. Can you imagine what happend??
What went on in the mean time: The GRT-BTC pair broke the "downtrend-line" that acted as resistance on the Daily timeframe. Bullish on BTC now too. BTC dominance descends a bit. Good for alts in general. But dont underestimate BTC. She is bullish and more gains to come. 45k this year is my assumption. Many opportunities to come.
Below I wil show my TP areas.
Be aware this might not run in a straight line up, not perse meaning I cash-out yet... to take profit, depends on the moment and behaviour of market. Small corrections are part of it.
We had a higher low after the first wave. So a higher high is very well possible. >0.22
Dont take the numbers exactly. But around...
TP1: 0.17
TP2: 0.22
TP3: 0.30 <
TP4: 0.40?
We are back above the local trend. Higher timeframes are turning more positive. We need a daily above this trend.
Dipping further still very well possible. 0.095?
So why GRT and why now? its cheap now and BTC has setup a good support at 29k -ish. Time for a new wave.
So at this point things can still be tricky. GRT is bearish overall. Also the GRT-BTC pair is still bearish. In that pair you can also find a big down-trend line on the daily, that needs to be broken to outperform BTC at later point. This can take a longer time since BTC is very bullish. BTC just hit bottom and start moving up on the stoch v rsi indicator on the weekly.
My strategy is 5x leverage GRT-USDT long when i find some sort of confirmation. I will set leverage higher at later point.(support by that time). And move stoploss higher. Low risk for liq. in initial setup. Setup is for longer time, not hours.