GRNBTC Trade Idea
I am noticing a bullish setup for Grin (GRIN). My trading idea is to buy around current levels with a stop loss order around 0.00026, an initial target around 0.00039, and a secondary target of 0.00045, but if bullish volumes come in, it could go higher. As seen in the chart below, GRIN/BTC appears to be forming a market structure bottom.
Hello crypto community,
I recently got acquainted with the GRIN project
I liked this project with many things
Grin has no amounts and no addresses. Transactions can be trivially aggregated. To hide where a newly created transaction comes from, it gets relayed privately (a "random walk") among peers before it is publicly announced.
If you are wondering why I'm charting GRIN so much- 1: I like the project and buy the dips only selling some at the short term tops, rebuy, repeat. 2: GRIN is a new coin and a has very little price history, making it a good challenge to predict. Especially the BTC pairing. This chart is a squared Gann intercept method I'm working on...
We have seen GRINBTC in a correctional stage for a few weeks, forming a 5-3-5 Zigzag correction, being now in the last wave of the correctional phase. Yesterday GRINBTC has bounced off the monthly resistance line just to give it away again quickly. This is an indication that the market wants to go lower and we might see a drop all the way down to form a...
If BTC sees some consolidation around 10-12k then holders might see value buying back into Grin.
This is the first area of interest, where the price of Grin has fallen back down towards previous resistance( which has now become support)
Used alt coin GRIN as subject. This one shows how to use Bonfire to align Gann fans in for the interval you choose. This is not a conventional approach but Bonfire is setup on some Gann math and rules so they do work together. Audio coming as soon as I get more time