That continuous sell-off was intense and there maybe some additional bleeding, I saw patterns along the way and due to being oversold on the smaller TFs, I expected some relief bounces but those patterns broke down to form this big picture scenario. If we are able to hold channel support or the 0.886 fib, we're setup beautifully for the coming weeks/months.
I AM...
The previous pattern broke down but is now holding support on 200 MA on 3 day chart which has been critical a couple times. Should get a bounce here but likely not bottom, I eventually expect a retrace to the 300s but thinking bounce here soon due to being oversold and bull div along with the bull flag.
I AM NOT A FINANCIAL ADVISER, DO YOUR OWN RESEARCH!
Currently I am looking at this idea and the one I posted just before this and is linked to this idea. Currently I'm liking what I'm seeing, not worried if we dip to the green line, should bounce nicely from there. If we pump from the bottom in my previous idea, I am good with it as well.
I AM NOT A FINANCIAL ADVISER, DO YOUR OWN RESEARCH!
$TNT Monthly:
Accumulation for over a year, broke out and has now retraced to the former range high; I'm picking up a small bag here, willing to add to it over the next month or two.
TNT was farmed double bottom at 666 sats. Bullish bounce from there. TNT closed above resistance trend line. Closed bellow EMA 21,50,100,200 Downtrend.
Potential trend reversal because of double bottom at 666 and bounce up to 870 sats.
Volume: of buyers slowly Increase.
Indicators: MACD bullish crossover bellow zero line, RSI bellow 50 points but increase. First...
BLUE ARROW indicates the EXPECTED Time and Targets
Level Stoploss point up to maximize profit and reduce risk
I'm working all the time, even in Bearish Market
Technical analysis:
. TIERION/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 57.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There...
Technical analysis:
. TIERION/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 57.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There...
