TRX/BTC 4hr Where are we going?
Info in the chart.
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Looks like its following the wave downward.
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youtube.com/watch?v=4GA8MQGvr_UGiant dildo confirmation. Although large volume on a short isn't as important as going upward.
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Looks like .786 retracement is showing some strong support. Should consolidate a bit and bounce from here.
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Should be good to go for a run after some consolidation
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Also wanted to point out that the 200 Moving average appears to be acting as support very soon for the current price action. I have circled in red on the chart that every time 200 MA acted as support the trend would move up significantly, hope that is the case here and this would also count as a very strong buy signal.
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Very high chance we will bounce from the 200 MA
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Liftoff
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We have a piercing line forming a few minutes before close, another bullish signal and a sign of a reversal coming soon.
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Looks like we have bullish divergence. Let see how this goes.
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Update. We are bullish again and next target is 1400 +
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