So far, this baddie has flipped longterm diagonal resistance into support.. could be massive decompression of vol
Satomotoc
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@Satomotoc, 👀. Its been slow moving. But im interested in what it can do if the above path plays out
without_worries
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@Satomotoc, Looks like a double top on the 8 day chart at the moment... have not studied this one for a long time.
8 day
The btc pair is the news.. like all those legacy tokens LTC, XRP, MATIC... they all show breakdowns in market structure. Even Ethereum.btc.
6 day tron.btc
Satomotoc
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@without_worries, Thanks for sharing! I have never looked at btc pairs. So.. a horrible looking alt vs btc means it wont do well in usdt pair? Will underperform or simply be rangebound?
Satomotoc
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@Satomotoc, Im not into xrp but recall steve saying xrp is toast. And will just perform worse each cycle. Would be horrible.. that thing has a huge fanbase
without_worries
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@Satomotoc, Unfortunately for the Fanbase the chart does not give two hoots.
without_worries
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@Satomotoc, Exactly, falling btc pair and Bitcoin correcting is the worst possible outcome. Sideways btc pair and you need Bitcoin to go up to cancel out the ratio. Both Bitcoin and the BTC pair going up is the best outcome, the only alt-tokens I focus on.
Satomotoc
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@without_worries, Oh ok. If most of the legacy ones are horrible still, i guess thats just another data point that supports dino coins being dead. They will probably just keep underperforming
without_worries
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@Satomotoc, There's a considerable amount of chart evidence for such an outlook. They were the first, how would progress be made if pen & paper were still used instead of email? If you don't change with the times, the times change you.
Satomotoc
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@without_worries, Looked at trxbtc.. this looks like a legit breakout. Looked horrible just a week or two ago