charts_N_stuff
Long

TRXBTC 5 minute bullish engulfing

BINANCE:TRXBTC   TRON / Bitcoin
Historically, over the last few days price has been maintaining a large rip at 914 area. Price just showed a 5 minute bullish engulfing . Therefore, I just entered at 914.
Comment: I have a mental stop loss at 860.
Comment: There is so much money manipulating price at .13 cents a coin, really messing up the charts. It's even more complex when there's billions running through this ticker all day.
Buuut.. the coinmarketcap.com debacle killed the sentiment when prices were reaveraged.... now many buyers are going to lower coins to re-live TRONs glory days....
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I would be wary looking for candle stick patterns at such low intervals. Its basically noise, the overall trend is down at the moment. the 4HR chart is close to bottom but still could dip before a bounce and trend reversal
+1 Reply
ITS GOING DOWN
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WOW this is not an analysis.
+1 Reply
mrnav Maverick446
@Maverick446, agreed, you can't trust a 15 min chart for candlestick patterns its just noise
+1 Reply
any idea about target? 1100-1200?
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