Yup, That Was a Clear Short Opportunity, And I Didn't Take Action

It's really important to analyze charts frequently. Not only because of the possible upcoming price movements but to see what happened in the past and what would you do differently if it would happen again, and why. If you do that, you will have a better chance to make a better decision next time.

Just look at this picture:

As you see I use my favorites. Pitchfork + Ichimoku Clouds + Stoch Rsi but let's zoom to the really important part.

It was possible to call the bottom of the downtrend, after a few days it was clear that a reversal is happening. But how could anyone know that shorting just under 1000 Satoshi was a great move?

Well:

• January was rather bearish for the whole crypto market.
• Insane fud spreads like wildfire about Tron because lots of people bought at the top and after the inevitable correction, they are loud and angry. People also afraid of the validity of the project, that they won't have a real use case, a real product. Thankfully, they announced lots of promising things that can calm the people down.
• Pitchfork's lines show possible resistance and support levels that could help traders calling bottoms and tops. As you can see, it was extremely accurate(yet again).
• Bottom to top price action in the cloud is a frequent phenomenon. Also, the Pitchfork's resistance level is almost in the exact same area.
• The bottom was around 380 and had an insane run from that point, during this bearish month, people will be more than happy to take profits.
• 1000 is a big round number, and remember this, big round numbers are psychological barriers. Just think about the previous BTC resistance, 20000. The price reversed from ~19800.
• I forgot to mark it on the picture, but also the Stoch RSI showed an overbought state, which is good for extra confirmation.

With this opportunity, it could have been an easy +20-25% extra TRX for me. Even without risking the total amount. I wasn't prepared for that trade by that time but I've learned from it. Some can say "You can't be certain." Yeah, and you don't have to be. If you think it's not a 50-50 but WAY more probable that it will bounce back, then it's a great long-term decision. If for, some reason, would go even higher? I still could have the remaining TRX for a long term that I didn't sell, some profits, and I could invest in another promising coin that dipped and I expect to do well in the future. Is this the bottom? I hope so but if not, I will do the same thing I did with Ripple. Patiently wait till the next bull-run and sell with insane profits, when others will buy for 5x-10x-20x the current price.