Trondicator Fires a BTC/USD SHORT What is the Trondicator?
The Trondicator works on the weekly TRX/ETH chart, and signals when to Buy or Sell Bitcoin as well as well as signalling the best accumulation zones.
How does the Trondicator work?
Trondicator signals are uniquely identifiable by green long tail candles and red long tail candles.
This is when the candle wick equal to or greater than the size of the candle body itself on a larger than average candle.
Green Longtail Signals
When the Trondicator fires a large green candle disproportionate to its recent trading activity it means sell all your Bitcoin. This first occurred in January 2018 at the beginning of the bear market.
You must now wait for the next signal, which is also a large green candle that with a wick equal to or greater than the candle body. This second signal sells you that it is safe to re-enter your BTC position and begin to reaccumulate. This was signalled in January 2019.
Red Longtail Signals
When the Red Long tail appears, this signals to Bitcoin buyers that the best accumulation zone has past, and that Bitcoin will now begin to rise again, until of course you see the next Green Long Tail. The Long Redtail can be seen in Feb 2019 signalling the bottom for Bitcoin.
Please note, you are looking for roughly a 50/50 ratio of candle body to wick, tiny candles with large wicks do not account, and make sure you are aware of the current state of the Trondicator, you not want to sell during the accumulation, so always check the history of TRX on the weekly chart, this is why you must use the TRX/ETH weekly chart.
August 30th 2020 we are now seeing another Green Longtail, this is the Trondicator telling us it is time to dump all your Bitcoin and wait for the next Green Longtail to re-enter the market.
It is important to realise that whilst Bitcoin trends down, the TRX/ETH value goes up, and whilst Bitcoin goes up, TRX/ETH goes down. Don’t let this fool you in to thinking TRX is a good investment, DYOR and make your own decisions.
Justin Sun was once quoted on a video captured by Peter McCormack saying “Buy my s***coin”
You do not need to buy his s-coin but if you like this indicator, please support our project by buying our coin $CATX, as you’ll be hearing more about this over the coming months.
Thanks for your attention, now please disregard everything you have read
