Is it not reasonable to assume that these are the real potential bottoms?
That we should find ourselves in an extended bear market for most of 2019?
What expected 'major news' do we have?
Why is there any reason to expect a break in market structure right now?
What goes up must come down and vice versa right?... At least that's what the Ripple holders tell...
Disclaimer: I have no opinion on Tron, its project or their team. There is no bias here.
I am not going long unless my orders hit, highlighted in the green speech bubbles.
So what are we looking at:
Tron has almost retraced 78.6% since its All time high
Tron has almost retraced 78.6% since its April high
A large retracement for any asset however most of the...
Todays short setup for LTCBTC
This is a short term trade based on:
Bear Div in RSI, RSI oddly high on the lower timeframes
Volume still dead
EMA 20,50,VWAP all below current price
No real zones of support around this price
Lower high pivots
Lower timeframe price action 5m-15m supporting a continued dive after current little pullback to the upside
Why wouldn't you be short here?
Weekly view is the single most eye opening thing I've looked at this weekend for many assets...
I am shocked and appalled with myself for not seeing this so much sooner.
If you're late to this party, I wouldn't worry, I am confident in the 100% retracement.
See you there.
This is not financial advice.