Here is an example of the TTM Firing short on the BTCUSD weekly chart when BTCUSD was still $6400 or of course if you have followed my TA in the past you would have seen my call to go short BTCUSD back in June
The washout candle on the is also very promising.
Infact this appears to be a classic range bound accumulation phase that we are seeing in TRXBTC . Take a look at the Weekly BTCUSD chart from 2015-2016. Hmm notice any similarities?
Now I am not saying in anyway that TRX is the next BTC or that TRX will have as massive of a move as BTCUSD had off of those lows but, if this is indeed a bottoming formation and this range is broken by the bulls to start a new public phase of the TRXBTC market (which could be caused by btcusd falling more and trxusd falling less.) it would certainly solidify that this is an setup that is fairly reliable and consistent in the crypto universe.
I would like to see a pull back to the mid 300 sat levels to enter into a long, if you havent already. I am long TRXBTC from around 375 ish but I would buy more anywhere from 388-341. Below 341 I would look to re-evaluate and look to retest the low end of the range. Breaking above 416 would confirm my theory, as long as it held of course.
Either way hope you guys gained some value out of this post.
I love you all and happy trades!