[IMPORTANT] TRON (TRXBTC) & BitTorrent (BTT) Turns Bearish
Updated
The airdrop for BitTorrent (BTT), TRON's cousin, is coming on the 11th February and a drop might ensue for both TRON (TRXBTC) and BitTorrent (BTTBTC).
Both charts are now looking bearish after certain support levels were broken.
TRXH19 on BitMEX was looking bullish, due to a huge green candle that only came up there. Looking at the candle, a huge rejection ensued but the chart signals remained bullish due to its massive size. You can see this chart here:
But there is more:
As for TRXBTC, look at the chart above:
In Summary, TRON (TRXBTC) is now bearish.
Conditions for change: If the last high can be broken and closen above, 863 satoshis, then this analysis would be invalidated.
Make sure to hit LIKE to show your support.
Namaste.
Both charts are now looking bearish after certain support levels were broken.
TRXH19 on BitMEX was looking bullish, due to a huge green candle that only came up there. Looking at the candle, a huge rejection ensued but the chart signals remained bullish due to its massive size. You can see this chart here:
But there is more:
- When you look at it closer, you can see that this is a manipulation trap, the divergence can be spotted, TRXH19 will be moving down. We will trade it SHORT.
As for TRXBTC, look at the chart above:
- We have 3 higher lows and a brek below EMA10.
- TRX can move as low as EMA50 first or 0.786 of fib. retrace at 620 satoshis. This would be the first stop, it can even go lower.
- The MACD and RSI are bearish and trending down.
In Summary, TRON (TRXBTC) is now bearish.
Conditions for change: If the last high can be broken and closen above, 863 satoshis, then this analysis would be invalidated.
Make sure to hit LIKE to show your support.
Namaste.
Note
I mentioned "We will trade it SHORT. " and it drops: Note
BitTorrent Today (Remember to hit LIKE): 
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