A large cup is forming. The price came out of the downtrend secondary (red line). A 42% channel has formed in the sideways trend (potential 2 phase of the cup), i.e., accumulation of the position.
GRT/BTC Secondary trend. Channel 42%.
A large cup is formed, in it formed (potential Phase 2) horizontal channel 42% (shown in the graph). Work in it. The price came out of the downtrend secondary (red line).
GRT/BTC Main Trend. Cup 230%. Accumulation channel 42%.
GRTBTC is testing the daily resistance, If the price is going to have a breakout, According to Plancton's strategy (check our Academy ), we can set a nice order
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
BINANCE:GRTBTC Formed higher low after multiple support area touches,
Now with the break up of the Flag pattern, we maybe ready for another impulsive move up.
Don't forget to manage your risk! 👌
Good luck and trade with care 🙏
If you like my ideas - 👍 Like, 👆 follow and 👉 share!
Disclaimer: This information is not a recommendation to BUY or...
Maybe the most bullish weekly engulfing candle (closed above last open price candle).
Breaking 135 days of downside, I don't think this move will end up here.
Closing daily above 2250 should attract more traders for this play.
GRTBTC is at the bottom of its accumulation zone.
I think that they are going to test the trendline again. This will give us the answer of if they are going to bottom it here or not depending on how it reacts to the trendline on this relief rally.
For satoshis, I'd say there is a safe 20% or so here around the top of this zone/by the trendline.
I am not never enthused about GRTBTC as it was recently rejected twice again by the big downtrend.
Fibs show confluence around 1000-1050 sats.
Along with BTC being bearish - this shows bearish implications for the USD side of the graph.
GRTBTC is still in the Bearish Flag . There might be Pullback at 0.00001735 but the price most probably will go to the upper band of the channel. If we get a break out of the Resistance there is a high chance that the price goes to 0.00002668
SL @ 0.0000130
TP1 @ 0.00002668
TP2 @ 0.00003498
TP3 @ 0.00004769