Tron is seeing some major signs of a correction to the upside shortly.
We see that Tron broke out of the falling wedge with bullish volume. Now it is consolidating ready for the next moon mission.
Note that the arrors are NOT time scale based analysis - simply just showing the possible direction.
RED LINES - TAKE PROFIT.
GREEN LINE, BUY ON 0.65 FIB PULLBACK...
I have noticed that the three wick low's of the last accumulation zone seems to be practically half the bars (days) to each of the three wick lows in this accumulation zone.
If this plays out, then we will be walking on the moon.
It is a Sh*tcoin, but... Shitcoins do PAMPPUU.
Thanks for reading,
Good day everyone,
Here is a quick idea that I rustled up which is based on a fractal. Please follow the chart, and confirm your decisions to long or short depending on the actual volume.
Good day all,
Hope all is well in your part of the world.
Here I have predicted what may happen next week, obviously trade with the markets if it decides to break the other way.
I have placed a fractal (not perfect, but it rhyms at least) from today onwards. I have actually altered by Fib levels, to my previous post, but will be using both that I have...
Back to basics, info on chart, TP when you see fit.
Working from Fibs, MA's and long term trend line plus the fact were most probably at the start linn of the end for a lot things in this world.
Inverted inverted head and shoulders appearing. Target price near the upper end of the CME gap. Will it be filled though? We have major resistance on the way up, so for me, if it is to fill, it will be a flash fill before crashing back down- unless it can close above the major EMA's on the daily.
A quick update on TRXBTC. I see this playing out, really good for quick scalp trades, which I will be doing. I do have longs open from a previous post a while back, that caught trx in the buy in range perfectly.
Also, just had a test on the falling wedge, though I would have liked to see more buy volume since this was practically non existant....
Plan A - Enter between 201-215 sats. Sell targets within the red boxes whereby the diagonal resistance is reached.
If this poo's itself, then revert to plan B. Buy around 169 sats, by then, it'll be recharted for potential sell targets.
Stop losses should be tight, but make sure that you avoid liquidity pools.
And plan C... well, just take some pills and cry.
So, we just saw that BTCUSD broke down bearish from the falling wedge.
We can also see that the majority of ideas on here are short, however, the minority normally are successful.
We have reach some support from the yearly trend line, the 0.786 fib and pretty heavy volume traded zone.
I am looking for (not in a position yet) an entry to long, however, I will...
Sweet and simple, just like me.
Only looking at past short term fractals here, married to the fact that this would be an ideal liquidity zone. We have seen 3 previous wicks down, with perfectly the same time scale between each one, the next (if it happens) is looming upon us.
I am already in a long leverage position, though this was entered much earlier.