The GraphDiupdate GRT: Is it "Dead"?
Okay guys, here's the deal with GRT since I see a lot of people scared, worried, and are at the point where they think "it's over. it's dead".
I've been in the crypto space since 2017, and I've seen plenty of things play out over the years. I've owned GRT since day 1 on the major exchanges when it was at 10 cents.
There are a couple things that people need to understand in the market:
1) Bitcoin is in charge. If Bitcoin dumps, most of the market dumps with it.
2) When a coin has a HUGE pump and is highly overbought (look at February 12), there is going to be a long cool down period. I've listed this on the chart.
3) Volume is low lately (see the shaded rectangle). Once volume picks up again, momentum will also pick up.
4) The RSI is heading down towards oversold territory. What happens when a coin is oversold? It'll slingshot back up. It happens ALL THE TIME with many coins.
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Here's the big picture:
GRT still has plenty of time to grow. In the future, people will have wished that they could buy GRT at $1.50.
When a coin is "dead" or "done forever" or a "failure", THAT is when I buy. Just wait for the rocket to refuel and enjoy the ride.
I've been in the crypto space since 2017, and I've seen plenty of things play out over the years. I've owned GRT since day 1 on the major exchanges when it was at 10 cents.
There are a couple things that people need to understand in the market:
1) Bitcoin is in charge. If Bitcoin dumps, most of the market dumps with it.
2) When a coin has a HUGE pump and is highly overbought (look at February 12), there is going to be a long cool down period. I've listed this on the chart.
3) Volume is low lately (see the shaded rectangle). Once volume picks up again, momentum will also pick up.
4) The RSI is heading down towards oversold territory. What happens when a coin is oversold? It'll slingshot back up. It happens ALL THE TIME with many coins.
---
Here's the big picture:
GRT still has plenty of time to grow. In the future, people will have wished that they could buy GRT at $1.50.
When a coin is "dead" or "done forever" or a "failure", THAT is when I buy. Just wait for the rocket to refuel and enjoy the ride.
Catatan
Side note: Elon Musk just tweeted today, "You can now buy a Tesla with Bitcoin."Let's see what that'll do for the price of BTC :-)
Catatan
Catatan
Just another quick update: We are still in the middle of a market dump. Keep in mind, the lower in price that GRT goes, the more oversold it is getting, which will trigger a reversal once this dump is over.HODL and buy the dips. Do not panic. This is normal behavior during a bull run. The 2017 bull run had several big dumps throughout its course.
The bull run is not over yet, not even close. We have plenty of room for growth.
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.