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GRT - Another Attempt at the big recovery rally - Updated

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Hi All!

So far so good on GRT for this recovery rally!

We have hit the first targets of 75 and 85 cents. I will attach the previous idea to this one. This is a continuation with market conditions.

If BTC retraces down to 41-42k and the BTC side of GRT follows, we might get another shot at 62 cents, close to where we confirmed the wedge as support as an entry or addition point. - 75 cents may hold, though.

From there if we don't break down completely - $1.20 and $2.00 would be may targets.

This is one of the better trade setups out there IMO.


Thanks!
Trade active
I consider this a target 3 hit, too - target 3 was 97 cents I think. We came within 3.5% of it, so that is a hit in my book.
Trade active
snapshot We may re-test the 75 cent support now - then off to try and gain support above 97 cents to go and tackle 1.20. That is a good trade idea if you have money laying aside, or profits from this if you've been following this.
Trade active
snapshot Also - as mentioned in the previous idea - the $1.20 target coincides with the wedge measurement - If we are given a shot at 75 cents here, I would take it and trade it to $1.20 IMO.
Trade active
snapshot We shall see if BTC can hold this rising wedge.
Trade active
snapshot 75 cents I think will probably hold if we retrace - if not, I'd be looking at 62-65 cents as the next level down for a spot to take a trade.
Trade closed: target reached
snapshot The 1.20 target was reached. The Jury is still out on if Bitcoin is going to continue on a 2013 like cycle or not. At this point I was sold on BTC doing just that, but we shall see.
Trade active
snapshot Also - 65 cents did serve as the prime entry to go back into GRT.
Note
Sry, I meant 62 cents, not 65.
Dawnchorus
FibonacciSupport and ResistanceTrend Lines

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FibonacciSupport and ResistanceTrend Lines
Dawnchorus

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Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.