Tronbtc
TRON REACHED TARGET OF .332!!A good time to buy Trx was at the buy zone as I was late to posting this idea. I was fortunate enough to pick up some Tron at my Target buy zone. We can expect Tron to rise and reach our target sell zones. Possible entry point if late to the party is in the 340's range, but the absolute best was in the buy zone. Otherwise wait for a short signal at the sell zone. Use proper stop-loss as the market is unpredictable. Analysis in the chart.
Tron next moves as expected after previous awesome TAHappy Friday Team,
TRX is currently moving upwards and will go up for sometime if it breaks this short-term down trendline. It's a bit risky but Rewarding Trade.
My recommendation is to stay away from the market because this is definitely a risk to invest somewhere because of the down pressure is so high and even if it is a bear trap than almost nobody can forecast it.
Let the things settle down, be cautious and look at this action from the side!
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Tron (TRX) Perfect Tron calls. Looks like TRX bounce 362-350.In my last idea, I called for a Tron short. We have just hit target for 6.5% profit. The original Tron short would be in 10%+ profit.
I have just made 17% of my entire account. I had short 3 million contracts of Tron at an average entry price of 395, and then I longed Tron during 335 on Bitmex and made another 6%.
If I had used 10x leverage, I would have made over 100% of my entire account, but I did not. You may choose to if you wish.
If you followed my calls during the minute I posted, you would also be up 6% as of right now on TRXZ18. If you used 10x leverage you would be up 60%. The 6% call was basically a 100% certain to make profit, as Tron futures were at 335 while Tron on Binance at the time was 370.
RIght now it looks like Tron may continue to head lower to 350, or may hold the current price. I do believe it could reach 376 if Bitcoin bottoms here as it is very oversold right now.
Have a stop loss below your entry position. It is hard to have a good stop loss as this bottom has not formed as of right now. I had longed 335 and closed 360, netting me 6%+ profit and I currently am long with a very small position at 360. I expect this to hit 350.
If Tron does bounce, you can have a very good short setup if it reaches 410. I believe 378 is more likely. The numbers I posted refers to the Binance chart. If you are trading Tron futures, they will be different. Message me if you have questions.
Ideal Trade
Short
410
Stop Loss:
430
Expected Trade
Short:
380
Stop Loss:
395
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Tron (TRX) Still looks bearish, sub 370 level looks likely.The last few trades have been quite good, so far I have not lost money on a single public trade. You may view the trades in the related ideas section or just click on my profile. I have made 27.74% off XRP and so far 5%+ off Tron.
Tron has recently topped and is now having a correction to the downside. I expect this to last until 370 at the very least, as that should be a normal retrace during a bear market.
Therefore, you may hold your short with a stop loss above a bear fractal.
If you are not short, it may be wise to enter with a small position. We should be getting a bounce soon but I would not bet on that. Tron in theory should not be breaking 395 anymore and we should be seeing 370 within the next few days.
Reasoning:
Classic topping pattern. (0.382 to 0.236 then drop below support)
Volume picking up during uptrend, meaning many people bought the move up, not the bottom. This means if price fails, it will be tough to break new highs for a long time. At the very least we need a bottom for Tron, and I believe that will occur at 370 sats on Binance.
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Tron (TRX) Looks bullish but has a high chance of dropping 8%.Tron has just completed its inverse head and shoulders pattern, a pattern that many investment groups complete only up to the neckline, and after they use the panic buying to fill their shorts. I am unsure if that is the case for TRON, but it is likely that even if we do move up from here, we will eventually come down to 352 satoshis or even lower when it completes its bear divergence.
Tron is moving up due to hype, and we all know that soon the hype will be forgotten unless Alibaba actually presents a real partnership with TRON. Otherwise, it is a buy the rumor sell the news type of thingo
Short:
390
Take Profit:
352
Stop Loss:
416
Manual (If starts trading above resistance and resistance acts as support)
Alternatively, if Tron breaks resistance and it acts as a support, it may be a good move to long TRON.
I am bullish long term on Tron but that does not mean I will give up a great money making opportunity when it sits in front of me. If BTC pumps up, Tron will drop. If BTC moves down, Tron will drop more.
TRX price update: TRX/USDT and TRX/BTCHello people,
As we can see on the chart, TRX had a massive bullish impulse, but again got rejected from the same resistance.
We can see the picture more clearly on the daily time chart:
Current price is testing 0.382 Fibonacci retracements of the last bullish impulse. This level is also important because it was the last higher high TRON managed to break on a smaller timeframe. If the bulls manage to hold these prices we can soon expect another attempt towards higher high on daily. This scenario would be very bullish.
On TRX/BTC chart TRON looks very good:
It broke massively from the iH&S structure and is now retesting the neckline. If the bulls manage to hold that support line we can expect a huge move to the upside:
Be patient and trade safely.
TRX SHORT analysisTRX this time is situated into an ascending channel the breakout can be up or down also but
STOCH at 1D is overbought so likely will going down + until 16 oct we are in the CBOE contracts(BTC) which is also bearish
RSI 65+
You can entry short here at 404-407 .TP 366-380 for a little scalping
Best entrypoint for a short is at 447-450 sats with 464 SL. Target point 310-325 sats
Bullish TRON (TRXBTC) - Slowy & Steady GrowthSince TRON (TRXBTC) touched bottom on the 16th August, it has been having slow and steady growth.
Slow and steady growth is a signal of strength for any cryptocurrency.
After the low point on mid August, most of the altcoins made a lower low or hit the same low on mid September but not TRON. On mid September, TRXBTC created a higher low compared to mid August; this is bullish signal.
So why am I bullish TRON (TRXBTC)? Let's take a look:
On top of the signals mentioned above; higher lows / uptrend, and steady growth...
We can also appreciate the big increase in volume. Steadily more green volume is coming in and prices continue to increase.
We are now trading above EMA10 and EMA50 on the daily time frame. We broke above EMA50 (magenta line) just recently.
We have Doji and Hammer candlesticks on the day we looked to make a low (mid August and September). Both are reversal candles.
Indicators are bullish. MACD, RSI and STOCH.
We have three consecutive days of green candles / bullish active... More bullish active is about to come.
Please comment and share your opinion about this trade idea and the future of TRON (TRXBTC).
Where you think is headed in the near and far future?
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TRON (TRX/USD) Is Almost Ready To Break The Trendline!As almost all the altcoins TRON' hasn't made any significant movements lately. The last push upwards brought us above the 50 and 100 EMA's and 200 EMA is slightly above the current price.
TRX' has a great potential to go upwards if it breaks above the trendline which is pulled from June 19.
This trendline has several touches and plays a pretty significant role in further TRON price. If the market and if TRX' finds that power to push through the trendline then there are some levels above us but not so significant and it's easier to climb higher. In the short-term (since Sept. 12) it has made nice higher lows which give us an opportunity to draw the counter trendline and if it holds the price then the chance to break through is pretty high and the target would be around $0.0275 (the green box)
If the market doesn't catch the upward momentum and if TRON makes a breakout downwards from the counter trendline then it would be a bad sign. Because this level has held us pretty consistently and if we break down then it will break that market structure and the bears take control over the bulls! The supports are on the image, marked with red boxes and bulled from important previous support areas!
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Tron is on the verge and more like to move up.....Be Prepared All the Top 20 Alts chart looks the same.
Reasons for Long :-
I am expecting a big news from Justin Sun. After the torrent giant acquisition TRX has not shown any substantial movement.
Daily Chart is showing that we are going to test the red channel zone.
It happened with XRP, then BCH....maybe the next will TRX
On the other side we can move to green zone.
In longer time frame, TRX/BTC have found the bottom/near bottom.
Price cannot fall below 0.00000269 BTC.
I m in at 0.00000334 BTC.......meet u on the other side of moon.
A trading opportunity to buy in TRXBTCTechnical analysis:
Tron/Bitcoin is in a range bound and the beginning of uptrend is expected.
The price is below the 21-Day WEMA which acts as a dynamic resistance.
The RSI is at 39.
The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
Price is in the support zone (0.00000305 to 0.00000260), traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (0.00000305)
Ending of entry zone (0.00000260)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00000352
TP2= @ 0.00000386
TP3= @ 0.00000440
TP4= @ 0.00000485
TP5= @ 0.00000552
TP6= @ 0.00000643
TP7= @ 0.00000735
TP8= @ 0.00000864
TP9= @ 0.00001028
TP10= Free
A trading opportunity to buy in TRXBTCTechnical analysis:
Tron/Bitcoin is in a range bound and the beginning of uptrend is expected.
The price is below the 21-Day WEMA which acts as a dynamic resistance.
The RSI is at 39.
The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
Price is in the support zone (0.00000305 to 0.00000260), traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (0.00000305)
Ending of entry zone (0.00000260)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00000352
TP2= @ 0.00000386
TP3= @ 0.00000440
TP4= @ 0.00000485
TP5= @ 0.00000552
TP6= @ 0.00000643
TP7= @ 0.00000735
TP8= @ 0.00000864
TP9= @ 0.00001028
TP10= Free
TRXBTC: RSI, HMA Takashi Bow analysis -> longHello,
below I see a favorable setup for TRXBTC for the short term.
This is a follow up from my previous TRXBTC analysis that I've post earlier.
1. Takashi bow signals a buy signal (takashiclub.com)
2. The daily closed significant above 80 Hull moving average (HMA) this signals a mid term change in direction of the trend
3. The tradingpair stayed for a relative long period in this overbought zone. The RSI left the overbought zone now aggressively
4. TRXBTC left the downward Channel established since June. As you notice the last weeks the pair had a lot resistance in order to left the channel. Afterwards TRXBTC confirmed the bottom and seems now ready for a more powerfull short-mid term breakout.
The 38% and 61% fibonacci zones are good target zones to take partial profit in my opinion
Attention BTC is currently at a resistance and can retrace a bit. Later it can continue it's short term run towards the 7K levels before getting potentially rejected at 200 MA again or at the established downtrend since mars as I noted in previous BTC analysis's.
A potential BTC rejection would most probably take away the momentum out of our TRXBTC trading pair.
I'm looking forward to your feedback.
keep in mind: no financial advise.