[IMPORTANT] TRON (TRXBTC) & BitTorrent (BTT) Turns Bearish

The airdrop for BitTorrent (BTT), TRON's cousin, is coming on the 11th February and a drop might ensue for both TRON (TRXBTC) and BitTorrent (BTTBTC).

Both charts are now looking bearish after certain support levels were broken.

TRXH19 on BitMEX was looking bullish, due to a huge green candle that only came up there. Looking at the candle, a huge rejection ensued but the chart signals remained bullish due to its massive size. You can see this chart here:

But there is more:

• When you look at it closer, you can see that this is a manipulation trap, the divergence can be spotted, TRXH19 will be moving down. We will trade it SHORT.
  

As for TRXBTC, look at the chart above:

• We have 3 higher lows and a brek below EMA10.
  
• TRX can move as low as EMA50 first or 0.786 of fib. retrace at 620 satoshis. This would be the first stop, it can even go lower.
  
• The MACD and RSI are bearish and trending down.
  

In Summary, TRON (TRXBTC) is now bearish.

Conditions for change: If the last high can be broken and closen above, 863 satoshis, then this analysis would be invalidated.

Make sure to hit LIKE to show your support.

Namaste.

تعليق:

I mentioned "We will trade it SHORT. " and it drops:

تعليق:

BitTorrent Today (Remember to hit LIKE):