TRX - 2:1 RR or MORE - Using RSI, MACD, WILLY, Trendline, FIB

٢٦ أكتوبر ٢٠١٨

TRXBTC is looking great in the BTC pairing.

MACD moving to the upside, Willy coming out, nice W in the RSI. Triangle and right around the 50 percent level. Price is sandwiched between the 50 percent and Mountain Man (61.8) levels.
Confluence is here, and I'm going to take advantage of it.

I would like to get at least a 2:1 on this but there really is no reason why this can't 2x from here. We are seeing altcoins start to pop across the board on Bittrex and other exchanges.
I entered at 360 sats, stop loss below the 50 percent level on the failure of coming out on the upside of the triangle, but I really don't see that happening.

Will update on progress of the trade.

٢٦ أكتوبر ٢٠١٨

تم فتح الصفقة

Not so much a W in RSI on the above time frame. It's more like a V, with the second leg way up high almost touching the sky :)

On the 1 hour, the RSI makes a W, but the lower leg is moving downward. Much better to see the second leg of the W be above the first leg indicating positive momentum.