This fractal reminds me of XRP before its final 5th wave breakout of its Ascending Triangle. Against the dollar the triangle pattern is much more defined compared to these volatile Bitcoin charts. Look to enter back on support of the .618 and Ichimoku cloud support. Still a little more Bearish movement to go according to the Stoch RSI so enter near that trend line
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Buy zone- 0.000084 - 0.000074
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Fell out of ascending support which means this is actually an ABC Correction. Will look to possibly re-enter at around 5,000 sats
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Spoke to soon. Still an ascending triangle for those HODLing :)
My thoughts exactly, buys in at 81-76, loading the boat
supercharger777
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That leg down to the 50's was a little exaggerated, violating the classical Elliot wave rules of the low of the second leg up not violating the high of the first. But Crypto moves are exaggerated, and GRS trade does have a sprightly feel to it. Not highly predictable to swing as I found XLM a few weeks ago, but not as harsh a market makers as VTC's, constant head fakes up, fat red candles down. I love to trade but also like to find vehicles to stay with a while. GRS may be one of them, and ANT/NEO was this year.
supercharger777
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Bids i should say....rarely am i begging a large position to go down 20%, here i'm wanting to be fed
UnknownUnicorn846565
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@supercharger777, Solid looking set up, I wish you a profitable ride!