GRT rebound

2 feb 2023

The GRTBTC price has come down a lot and has drawn a hidden bullish divergence on the weekly timeframe setting up for a rebound. The daily chart suggests a bounce with an inverse head and shoulders pattern to target around 545sats +34%. While the next real resistance seems to be around 800sats +100%. To the downside it should not fall back below 360-340sats (-10%) giving it a good risk reward of 3:1 short term and 10:1 medium term to trade this rebound.
As GRTBTC belongs to the AI crypto category it also fits with the current AI narrative.

5 feb 2023

Nota

This escalated quickly

7 feb 2023

Operación cerrada: objetivo alcanzado

booked profits on half of the position at 740sats after nearly doubled.
keeping the free GRT for now, next target should be 1400-1700sats, but its moving a bit too quickly.