So Tron seems to broke resistance , lets see if it go to 240 has good chance for it
So this coin has nice run but it fail to break the upper resistance. I expect it to fall i think if it keep 140 sat then we may have next run , so my advice wait it to fall , buy it cheaper and then wait for the flight to 200.. if fall bellow 140 then it will go further down
I think BTC has two important key level , one is at 7900 and the other is 7400.. on 4 hour chart macd is positive but on daily chart as seen it still bearish the trend is still bearish. if btc hold 7900 then we may start to see reversal but the chance for it us 60/40 agaunst it . if you enter at 8000 for long then be ready to buy up again at 7400.. in this case...
So this simple method of using two indicators the first is linear regression , the other is obv macd can be found here pastebin.com as we see the BTC is not able to break the decending channel of the linear and the no lag macd confirm downfall this is where i normaly short it (best was around 9400 at indicator alert of macd) I just put this short tutorial to...
so I started my short at 1540 and so far seems that it may go further down on daily chart the trend seems strong down 1475 seems as key point if break then by weekly chart I will not be surprised if we meet 1400 all indicators used in this analysis are free to use on my page so in this week if it keep the 1475 then we may see upward again to 1500 but if it break...
So in our short analysis all fit for Long using Daily chart Targets 10200 10700 11200 11700 stop loss 9200
Good chance to Matic for long as it seems to start uptrend after finding a buttom the target are highlighted by the pivots
Using the tool that I created we can easy build a channel based on Pivots instead of linear regression (behavave similar but with some diffrence) If we use daily chart then we expect the btc to drop to area of 7900-8300 and if it keep this level then we have real correction and from there we will break up back to area of 14000 and higher (this is a positive...
BTC seems at crucial moment , if we do not see rise at volume then by weekly chart both by linear regression, MACD , RSI we expect a drop which can be very hard so all depend if we held the support at 9300 otherwise its downfall to 7900 or even lower Positive senario can happen if sharks will think otherwise:).....
The BTC for near future seems to go in the wrong direction as it can fall very hard The volume RSI seems to falling down in direction of strong correction. so i expect to fall to 5700-5800. Lets hope not bellow that as then it can fall to area 5 . On the other hand if the btc hold the correction cycle then it great time to buy it . i still think that after...