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TRX/BTC Buy Opportunity, Please Read firstYesterday we gave TRX holders the chance to sell and buy back cheaper. Today we are looking to buy this pair and make a quick profit on the 60 Minute chart. TRX/BTC has been falling for some time and has recently put in a Higher High (Circled in Red HH), and potentially a Higher Low (Circled in Red HL). We are seeing price pulling back from the high and bouncing off 0.00000476 support and the 20ema on the 60 minute chart. If the current bar closes above the resistance at 0.00000491, I will buy the top of the bar and go long. ENTRY: above this bar if closes above 0.00000491 Stop Loss: 0.00000470 Target 1: The 200ema. Trail Stop Loss up For you to make Dollars your decisions need to make sense. This is a 60 minute chart trade. These trades are high risk, high reward. Please check this trade is right for you.
by DollarsAndSense
2
Further Consolidation - BullishFurther consolidation of BTC may give us enough steam to break 14k and take us to 17k (where I will be probing a short). Current trend is neutral until we see a confirmed direction. I am however bullish because a breakdown of 10200 would have happened with Jap. exchange hack or all this USDT FUD (which btw happens every few months) no need to worry... Closer we get to the major 14k trendline, the easier it will be to breach. This appears to be a very probable bullish scenario. On the other hand, if we see a clear breakdown of 10200, we may see $7500-$8500 (where I will be dip buying with size) - this to me is a less likely scenario however. Not financial advise, just speaking from experience and personal opinion. Comment your ideas below, would love to hear some thoughts
BITFINEX:BTCUSDLong
by yanbuchanan