A View On The Market - Bitcoin & Tron Analysis On Chart

It's almost that time of day when I open my trading view to check out the market and the opportunities. Although I am neither a forecaster nor a fortune-teller, it is frequently believed that the market's future can be predicted from previous behavior. So let's see what the chart has in store for us; I could be wrong or right, but either way, it should be interesting. Please don't interpret anything written here as financial advice.

We'll analyze bitcoin. Since I created that line three weeks ago and it has been attempting to maintain it, I believe Bitcoin is currently near the support level. Because it represents the connection between Bitcoin's all-time high in 2018 and Bitcoin Low (not all-time low) in 2022, that support line has gained some notoriety.

We'll give you a closer look so you can see the different types of candles that have formed on it. As you can see, quite a few small, convincing reversal candles have done so. A green doji with a little head and an inverted hammer with a green head. A significant bitcoin pump could possibly occur shortly, despite the fact that these candles are really small and insignificant and hence not entirely convincing. Bitcoin has had a difficult year, but it has made every effort to cling onto the price level, which is currently hovering around $20,000.

We don't know what the basics have in store for us even though this is only the technical stuff.

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Tron (TRX)

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Even so, TRX has been doing a little bit well for itself as it works toward making its own history. When I used the 1W Time Frame to zoom out, the only thing I noticed was a TrendLine.

It's a TrendLine, as you can see from the image above, and a potential pump from Trx is also anticipated. It produced a very long green hammer, but regrettably, a brief green doji followed, and now we are in this week, which is also appearing to be about to end on a doji.