Nemo, i don't know how much you get into harmonic patterns but they truly are the only time i get hyper confident an asset will go up or down. Not only the harmonic pattern itself but you really want to see the reversal location at a major price point to give it more believability.

Harmonics are usually shaped like the letter M or the letter W (there are special ones that are different but we wont get into that today)

the gartley
the cypher

those are my two favorites.

Remember last year when bitcoin was at 48.2k and I said it was making the biggest bearish gartley harmonic i've ever seen and i said it would drop to at least 20-24k? Moments like that are extremely rare.

Okay all that being said. I've found a potential bearish gartley harmonic for tron. Tron sucks. We all know that. But this is a real pattern and the reversal location is at a major price point from before the bullrun. I think this is the cue when everything else will be topping out. That's why this is important. Remember, all coins go up together and all go down together.

Tron is currently at 5.65 cents. The harmonic wants tron to go up to 6.11 cents and then reject. I'll show you what i'm talking about with the pictures now. BTW, tron is almost definitely what i will be shorting for the end of this bear market. This just looks too beautiful.


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picture 1
[imgur] [link to imgur.com (secure)]

this is the potential bearish gartley harmonic

i really like the small yellow arrow on the left being support before the asset just dropped in this first picture.

the white arrow is the 786 of the gartley, the target where i will look to short.
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picture 2

[imgur] [link to imgur.com (secure)]

look on this daily line chart before the bullrun topped. that big arrow on the left? that's a very very important price point... and it's exactly at the 786 of this potential bearish gartley.

In my opinion, this is when everything collapses again.