WyckoffMode

TRON to Test Support at Least One More Time in My Opinion.

BINANCE:TRXUSD   TRON / US Dollar (calculated by TradingView)
TRXUSD appears it may continue up just a hair near the upper boundary of the descending wedge I've drawn on the chart before falling back down to test support again into the Green Area. TRXBTC appears it may go up just a hair to act as a Bull Trap before falling one more time. This would be a means of the Composite Group(s) accumulating more Bitcoin while taking Bitcoin up. I'm still anticipating Bitcoin to find bottom during the current 12-Day candle that began on October 4, 2019. I also believe we will see a reversal for BTCUSD during the current 12-Day candle. When and/or IF BTCUSD comes down during this current 12-Day candle, it makes sense for TRXBTC to go up in price. However, I do not believe when TRXBTC goes up in price that it is on its off to the races (moon). I believe it will only be a bull trap.
Oct 05
Comment: It's POSSIBLE TRXUSDT remains sideways within a trading range WHILE BTCUSDT goes up in price. However, if BTCUSDT goes up in price soon WHILE TRXUSDT goes sideways, this means TRXBTC will go down. Don't forget the perceived bull trap I'm anticipating first for TRXBTC with a brief upward spike before falling down.
Your analysis is one of the most balanced in the space, not overly bearish and not overly moon-boyish. In your comparison video of $BTC/USD - $ETH/USD and $ETH/BTC, it would be interesting to check out $XRP, $BNB and their ability to move along with $DASH, as you mentioned, to move while $BTC pumps and in some cases even when it corrects.
+1 Reply
@avalon737,

Hi Avalon...

Thanks for dropping by to comment and your support.

Here's XRPBTC; XRPUSD & BTCUSD Combined."

+1 Reply
avalon737 WyckoffMode
@WyckoffMode, Again, your analysis is very balanced and well researched. Thank you for taking the time to share these videos and research pieces with the community.
+2 Reply
@avalon737,

Looking back, I wish I had taken another minute to discuss the two day time frame to drive home my prediction. Other than that, I'm still satisfied with the TA>
+1 Reply
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