#tron $TRX possible 50% short setup????Based off chart data highlighted from May '18 one could make the assumption that Tron (TRX) is headed for a quicker rejection at the ema50 from a ema100 spring this time around. With this setup a stop would need to be placed high enough to protect against any chasing buyers' wicks.
Happy trading
Tronbtc
Slow stepsWe can see slow movement and low volatility in TRX.
This acumulation phase lasts for a month now. Volumes are pretty low which indicate not much pressure to sell.
It is holding its price well vs btc.
MACD has a huge wave waiting to be justified by the bulls.
RSI got the opportunity to get to a low level while still holding price above 500 satoshi.
100ema is now the crucial support.
If btc doesn't make fancy moves or Tron doesn't implement some new fancy features to attract new investors, I don't think we will see any crazy spikes till late August. But till then, many things can happen and change.
If trx bounces from the 100ema, it's a good time to buy. If it falls below, anywhere around 500 sats is a good buy.
$TRX #Tron is looking shaky today - Day Trader ExplainsHello Lads and Ladies,
Welcome back to TJ's TA Session.
We are taking a look at the TRXH19 pair on BitMEx today.
We are looking at the 4 hourly timeframe and taking a look at the candle chart first.
Looking at this one we can see two clear supportive uptrends.
The first one is at the closes of TRX, the second one is at the wicks of it.
These two trends give us an easy estimate about how we might be able to see future wicks or moves.
Nevertheless, here is the most important point about it all.
We are going upwards, without any volume and approaching the red upper band.
This is very simply increasing the chances of an upcoming retrace from around that price level.
One confirmation for this is that the upper band aligns perfectly with a significant resistance.
Here we are now simply filtering the noice out with our line chart, looking only at closes and confirming our idea of an increase without back up.
Then, we set up the entry targets used in the double staggering technique (marked in red).
The stop loss as it follows based on a sharp down on the bands.
Afterwards we identify our targets based on previous structure.
Finally, we set up the short measuring tool, which shows us the risk reward ratio.
The risk reward ratio is above 3, so we are executing the trade as planned.
This trade has been published before in my private learning group "ETG".
We are going over many observations and possible trades very frequently.
It is meant for only those who are really interested in becoming a self sufficient trader and learning about all the secrets of trading.
Should you be interested in the ETG or the indicators I use, join my discord channel and say hi in chat, then I will give you a free trial for which you might be interested.
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Cheers TJ
hedge for long positionsWasn't in a btc long, but was in an ethbtc long since .033 and still riding it out, and TRX provides the most bearish set up on bitmex that I could see
TRON/BITCOIN (TRXBTC) LONG BULLISHThe TRON bulls have remained strong since the New Year has elapsed. The project has survived the immense FUD that was unfairly postulated by haters and pessimists. During its bear market period since ATHs of 0.25 the TRON foundation has made fantastic progress - always keeping ahead of its agenda. The TRON ecosystem will continue to grow as more users flood in and the DAPP floodgates open up.
This is not a project that you want to miss.
Bye Tron1) Huge daily Bearish divergence
2) Triple Top hitting resistance
3) Failed and manufactured pumped
4) Unsustainable price action
Targets - 640, 580, 500
Confluence between fib ranges and support areas.
BTT BITTORRENTBTT continue up coming from 9th , this last wave , so you must conscious
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Sweet & Simple TRXH19 Short. (BITMEX) [Get 38.48% ROE Easily]Hello guys!
Hope you're all doing well.
Time for another...trx short!
Here are the details:
Trade: Short TRXZ19
Current Price: 0.00000661
Time Frame: 4 Hour
Leverage: 15x
Buy in: 0.00000660-0.00000662
Take Profits:
1. 658
2. 655
3. 654
4. 646
Stop Loss: 0.00000686
Estimated Liquidation Price: 0.00000689
Profit Potential: 38.48 % ROE
Capital Allocation: <8%
If you make money with this trade, please feel free to leave a comment or like for the support!
Enjoy.
TRX/BTC ShortHey Traders.
Today we are looking at Tron vs Bitcoin (TRX/BTC)
As you may have noticed TRX has been performing quite well in the recent weeks. The fundamentals say it is because of the Bit Torrent Free airdrop, ie, those that held TRX will get free BTT .... funny how these things are created out of thin air and sold for value ..... and crypto nerds hate fiat ... the irony :P
Now that the BTT Airdrop has completed, we can expect those that purchased TRX for the free gifts will begin selling. From a T.A. perspective we have double topped at a key Fibonacci level and the oscillators are showing weakening momentum to the up-side (bearish divergence).
Nothing is 100% in TA but if history repeats, Air Drops = pump-n-dumps. I'd be looking to short this (AGAIN!! :) )
TRONLook like standart cicle, waiting for 50% fibonacci after 61.8%. Good opportunity to short
After BTT tokensale on January 28, we can see dump of TRX , from those who did not have time to go on the sale and have already received the airdrop tokens. Be careful and put stop losses.
breakermag.com
TRON’s $1 Million Contest Looks Like a Massive Pump Scheme
beincrypto.com
Team and the BitTorrent Foundation were allocated 19% of total supply
TRON Foundation received 20% of issued tokens
BitTorrent Ecosystem is allocated 19.9% of issued tokens
For better control of the pump and dump schemes, Justin leaves himself with almost 60% of all BTT tokens, and the airdrop will artificially swing both TRX and BTT. Great layout, isn't it?
I’m going to be safe and watch this until January 28, until the tokensale ends and airdrop is waiting for us on February 11th, 2019, and trading on February 12th, 2019.
There are also great news from the BitTorrent Foundation, as they’re telling that they reserves the rights to change terms of BTT airdrop at any time in its sole discretion. I look at it and do not understand how people are being led to this garbage