- US Feds keept rates down - USD safe haven status - MACD and RSI show more room for downtrend - etc etc
Bullish divergence on MACD, so should be close to a bottom, but I am not satisfied with taking a long position yet until we are closer to 1.134 and below to possibly sub 1.13 then should be a nice bounce towards the upside towards 1.161 with some retracements inbetween.
Appears in the short term we are going to be short until about the 7600 (61% retracement) - 7200 (lower triangle boundary) range. After that we should bounce due to very bullish market sentiment to retest the current resistance highlighted in dark red around the 9500 - 10000 range. The reason I have a range for the buy and sell area is because of the tendency of...
Looks like we are forming an inverse head and shoulders which could be very likely. Please refer to chart. Please like comment/critique or subscribe !! Thanks you guys! :D
Chart. Comment, Like Subscribe, thanks :D
Nothing like some bullish divergence to confirm you are hitting bottom for the short term and on your way back up to test 1400 satoshi's. Also good is that we have 200 MA as support. Please like comment or subscribe, thanks a million :D
Looks like TRX/BTC has found strong support on the .768 level and we should be consolidating just a bit then going long towards the target at the 1400 satoshi level.
Wanted to point out that the 200 Moving average appears to be acting as support very soon for the current price action. I have circled in red on the chart that every time 200 MA acted as support the trend would move up significantly, hope that is the case here and this would also count as a very strong buy signal. I will be updating this regularly please refer to...
Please refer to chart. Will be updating idea regularly.