LONG GRT

Paper handed by LINK longs...BTC 1D and 3D shaping up to look great.

Already got chopped up once this weekend, hope I don't re-enter into more resistance here...

Longed at $0.623, looking for targets around $0.86 and $1.11

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GRT smashed down a little over 80% drop from highs. Expect this to bounce back hard if BTC recovers into a complacency bounce.

Mostly waiting for BTC to mean revert back into middle band here to take some profits on alts:

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Pretty strong uptrend. This move kind of reminds me of a relentless TWAP from AAVE. Given GRT has gained so quickly, I'm looking for a short term profit taking on the 4HR once I see a bearish divergence develop in order to buy back lower.

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Looks like GRT was a little too aggressive and created bearish wicks. Not a fan of this last 4H close:

Closed position at $0.6822 for 9.5% profit.

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Re-entered @ $0.6782...

Need to recognize and respect that BTC is showing strength and let it play out.

ETH/BTC also looks strong on the 4H

I've noticed that markets tend to re-test obvious trend lines to confirm that it's real. It's probably RSI scalpers who LONG extremely oversold and short extremely overbought for very short-term profit taking. And then new buyers or shorters come back in when the price revisits near support/resistance.

Assuming BTC is entering its complacency shoulder, as long as I maintain a LONG bias for alts while looking for short term ins and outs to better my position, I'll be ok.

Overall, GRT is down massively (still 75% down from ATH) at these levels, and I need to respect the pump that could come from this.

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Still no reason to be bearish. Looks like an inverse H&S with increasing vol on the right shoulder.

1H close above the neckline, some minor pullback to test the neckline is expected.

BTC also seems to be ranging tightly at $40k, ETH looks a bit weaker.

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Play it level to level:

TP around low $0.80s

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Set a stop loss at a reaction low of around $0.72 that got ran:

Happy to re-enter this trade at LTF breakout.

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LTF breakout happened when I was sleeping, did not enter into trade. Looks like a significant selloff from range highs and breaking the 1H structure.

If the price continues to decline in an inefficient way down to the local neckline, I'll be a buyer for a short term scalp and nothing more.

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Didn't quite touch the neckline for my bids, didn't get filled.

Price is now at my bids but I've taken them off because the timing is off. The way the daily is closing, I'm not feeling like playing a LTF cool off. Too risky.

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This daily close looks quite bad:

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lol

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This guy hates money lol

khaoz346

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khaoz346