TNTBTC Analysis

The 1 hour is not offering any kind of patter which indicates a bearish continuation or bullish outcome in the near future. That being said it is safe to say that the dominance will continue to bleed out in my opinion so it may very well give it a little bit of help to turn this nightmare scenario around. I really wish I was able to keep an eye on it to provide more actionable intelligence. That being said when we apply The Fibonacci Retracement tool(which I do not use) and pair it with Elliot Wave and Channel Theory (which I do use) it is easy to see that it is bullish at this time. I however do not see a clear entry point on the hourly. What I would like to see is price action dump to touch the bottom of the channel one more time to create a nice RSI divergence as indicated by the red arrow. At this point would be a good time to start layering in the buy orders. Like I mention in the video; the dominance will probably have a small pop up for the beginning of the week so that it has plenty of RSI wiggle room for the dump later in the week which makes me think that there will be a bullish set up at the bottom of the channel where the GoldenZone is indicated. So over all market bias for this is still bullish long term secondary to the Elliot Wave Theory, paired with Fibonacci retracements and Channel theory makes for a good level of confluence to go long moving forward. Short term prognosis is however unknown because price action is hitting the daily 535 at the bottom and there is some death cross action that was seen on the 4hr about a week ago.
4hr:

Daily:

God Speed Gents,
Mr. Lucifer

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Weekly Wrap Up:

www.youtube.com/watch?v=QCPKUmgB...

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Video Update:

youtu.be/GZE3XM5bo2A