Here we can see that the S/R flip is around 186 sats and how we are currently flirting with it. According to my analysis' pov we are at the bottom of the channel. Chances are that we hunt for higher prices until we break up or down from this channel. On the chart you can see that we've never been very far from the 200 MA so as long as bitcoin keeps ranging laterally my bias stays upward for TRXBTC, at least until we're back above the 200 MA, once confirmed the 0.5 or 0.618 fib might cause a trend reversal or a slight pullback. Losing support of the 0.236 fib invalidates this idea so stay tuned!
*DISCLAIMER* I'm new to chart analysis since November 2019 and this idea is only for the purpose of sharing ideas -> NOT investment advice,
therefore any feedback from aspiring traders and experts are more than welcome.
Always keep in mind not to enter a trade to soon and remember to take profit along the way.
Stay safe, stay profitable & may the odds be forever in your favor ^^
*DISCLAIMER* I'm new to chart analysis since November 2019 and this idea is only for the purpose of sharing ideas -> NOT investment advice,
therefore any feedback from aspiring traders and experts are more than welcome.
Always keep in mind not to enter a trade to soon and remember to take profit along the way.
Stay safe, stay profitable & may the odds be forever in your favor ^^