TRU - Now Time To Go Short!
See previous idea linked below; was a quick 70% long.
Now TRU looks a good short.
Notice that we have both a higher and lower time frame higher highs above 2 resistances.
And so potentially we have a double Wyckoff UT UpThrust here.
Week RSI diverging is a clue that this might tumble.
A lot depends on Bitcoin.
If Bitcoin makes a recovery then TRU may bounce and perhaps print a right shoulder of a Head & Shoulders pattern.
But if Bitcoin falls into a correction then TRU could capitulate.
So i've made a first short entry here and if it bounces I will make another 👍.
Not Advice
Now TRU looks a good short.
Notice that we have both a higher and lower time frame higher highs above 2 resistances.
And so potentially we have a double Wyckoff UT UpThrust here.
Week RSI diverging is a clue that this might tumble.
A lot depends on Bitcoin.
If Bitcoin makes a recovery then TRU may bounce and perhaps print a right shoulder of a Head & Shoulders pattern.
But if Bitcoin falls into a correction then TRU could capitulate.
So i've made a first short entry here and if it bounces I will make another 👍.
Not Advice
Trade attivo
Nota
Down 18% from my entry today. Thats a good start.Nota
Altcoin bounces coming after Bitcoin post capitulation recovery. If TRU moves higher than my first entry, I will continue as described in the commentary and make another short entry.
Nota
1 hour crypto video: 
Nota
Crypto is capitulating.TRU is getting smashed.
Altseason dreaming hodlers that follow the cycles gurus are getting rekt 💀.
Their heads will be spinning.
Much lower lows could be in the pipeline.
This short is going very well 😼.
Trade chiuso: obiettivo raggiunto
Forgot to update this one but if you follow my other ideas then you'll know that I covered my shorts and went long on altcoins and miners.I can't post any more than that because it would be considered advertising but here is the chart from where I took profit.
TRU still looks much weaker than other altcoins due to technical considerations discussed in this thread.
Nota
Other altcoins have moved on up well but TRU is still well below where I went short 
Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.