Technical analysis [TT / BTC - HUOBI]




TT seen from the 1D time frame we can observe how the candlestick structure is forming a double floor in the larger figure as a signal of trend reversal, this setup if completed correctly would take us to the high profit target located within the price range of 0.00000215 – 0.00000225 where the weekly offer is located, indicated within the chart by the purple horizontal, the smaller figure has formed a descending wedge where we should have a third touch on the diagonal resistance to later fall below the support located at 0.00000079 indicated inside the chart by the red horizontal, if this happens we could have a recovery pullback below this level, it is a movement we need to have to form the first HL as the first sign of a change in trend, at all times the price must remain above the diagonal support we see inside the chart by the larger diagonal also in black.






TT seen from the 1M timeline we can see how the current candlestick is forming an important doji over the diagonal, if we close in this way we would have an excellent candlestick pattern for a trend reversal, the candlestick is still young, therefore we must wait until the close to confirm.



In conclusion, TT is in an excellent buying moment, the higher temporality in the middle of the month is managing to hold on the diagonal despite the strong selling pressure that we can see through the long upper wick that has formed us, within the temporality of 1D the scenario is quite positive, once we get the break of the lower figure, the price should form a range that starts a game of EW that would push the price towards the range of 0.00000215 – 0.00000225, within the chart I have traced the possible trajectory of these movements, the distances and times may vary, therefore, I recommend to be very attentive to the action of the price in 1D and always remember to place your stop losses to avoid possible invalidations during the movement.








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COMMENT

21

preview not available etson arrantes
15 Jan

Thank you for your great article.. You are helping us in big time..

3 REPLY

12

MrBullishSail Crypto Trader
16 Jan

Thank you very much for your support, Etson :), I appreciate your words, I'm glad to know that my content is useful to you and I want to keep bringing more TA ;)

0 REPLY

24

preview not available Shadda 🇵🇰
15 Jan

Thanks for sharing a detailed analysis..

3 REPLY

12

MrBullishSail Crypto Trader
16 Jan

Thank you very much for your support, Itliker :)

0 REPLY

9

Taimia Hafiza
15 Jan

Thanks for updating

3 REPLY

12

MrBullishSail Crypto Trader
16 Jan

Thank you very much for your support, Taimia :)

0 REPLY

21

EngrSamest .
15 Jan

Thanks a great analysis from you..I will try and have a look at TT this days!

Keep sharing my friend

2 REPLY

12

MrBullishSail Crypto Trader
16 Jan

Thank you very much for your support, Samuel :), I appreciate you coming by, mate, I hope this year goes well for all of us ;)

1 REPLY

26

preview not available Lucas S
15 Jan

I've never actually looked at Thunder Token, so this is news to me. Looks like a great situation for a possible buy. I'll have to check out what exchanges it's on. Thanks!

2 REPLY

12

MrBullishSail Crypto Trader
16 Jan

Thank you very much for your support, Lucas :), this is a good time to keep an eye on her and wait for the best time to buy, the LH's will give us the confirmations ;)

0 REPLY

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