Will TRON Continue Its Retrace?
If Bitcoin is to move up strong, TRON (TRXBTC) is very likely to retrace.
Looking at the chart for TRON, it seems that it will continue with its retrace.
Remember we made huge money with TRXH19, over 90% profits within 24 hours shorting it on BitMEX.
You can see it here:![[TRXH19][SHORT][15X][93.75% ROE]](https://s3.tradingview.com/z/ZHfiEHOF_mid.png)
The weakness remains and it seems that Tron will continue retracing.
Now, if TRXBTC moves up and closes above 863 satoshis, then this analysis is invalidated and a new analysis is needed. This would signal strength and a new move up can start.
On the right chart, the first challenge is EMA10... A close above, below we remain with the same bearish view/perspective.
Namaste.
Looking at the chart for TRON, it seems that it will continue with its retrace.
Remember we made huge money with TRXH19, over 90% profits within 24 hours shorting it on BitMEX.
You can see it here:
The weakness remains and it seems that Tron will continue retracing.
Now, if TRXBTC moves up and closes above 863 satoshis, then this analysis is invalidated and a new analysis is needed. This would signal strength and a new move up can start.
On the right chart, the first challenge is EMA10... A close above, below we remain with the same bearish view/perspective.
Namaste.
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