Get started

Tronbtc

Tron (TRX) Update 4 Beginners (When Will Tron Go Up?)When I saw Tron (TRX) on Binance going up yesterday, I wanted to post an update to suggest caution. As Tron is part of the cryptocurrency markets and the market is going through a huge correction. I know that many of the Tron traders are beginners, as Tron was only available on Binance first and Binance took the job of taking in all beginners crypto traders. That's great, we love you, everybody is welcome to trade crypcoturrencies, "The Stock Market for the People" and opportunity for everybody. But there are a few things that are important to know about when trading in these markets. One common mistakes we beginners make is to take any "pump" (an increase in price) and live by it. As soon as there is some movement that supports our thinking, desires or expectations, we tend to go all-in into it, which can later come at a huge price. I am sure this is happening for many of the new Tron traders. Here is an update just for you. Tron (TRX) needs to retrace longer before starting a new bull run. Tron top was reached on the 5th January 2018. After we reach a top, we normally go on a retrace. We know that the cryptocurrency markets are fast, but they are fast compared to traditional markets like the stock market. For a retrace to be completed we need at least several months, that's fast because stocks can take years to complete a retrace / correction. When the top was reached, I received hundreds of messages afterwards asking to review Tron as a new run was starting... I kept on saying "We just reached a top recently, what follows is a retrace, please allow this coin some time before we can visit again". Over a month later and Tron is still retracing. Just like Bitcoin and the rest of the market, this retrace isn't over. Look at the chart above for possible support levels. If one support level is broken we visit the next one. The 380 satoshis (0.00000380 btc) support level has been holding strong. The indicators are bearish, the chart is bearish, we seem to be on a consolidation stage with bearish tendencies (which means that it can go sideways but breakdown at any given time). So here comes my suggestion for you: If you want to trade Tron, wait a bit longer, watch from the sidelines and buy-in when we reach the bottom. When the bottom is reached you will see many signals confirming just that. When a new trend is formed, you will also have many signals. You can check here on Trading View and you will have many updates... For now, stay away from this coin, it is going down some more. Namaste.
Education
by MasterAnanda
77
TRX TRON #TRX CLOSEUP LOOKS VERY SIMILAR TO THE BIG PICTUREI BELIEVE THIS IS MORE OF A 1 AND 2.... JUST LOOKING AT THE INVERTED HEAD AND SHOULDERS COMPLETING THE MOVE RIGHT AFTER THAT WAS A NICE LITTLE BREAKOUT UP 40 PERCENT..... THIS NEXT WAVE SHOULD STOP 5 PERCENT ABOVE ABC CORRECTION AS INDICATED IN OTHER TRXBTC POSTS WE SHOULD BE SIDEWAY FOR A COUPLE MORE WEEKS OF ACCUMULATION TIME. THAN TO NEXT STOP ON THE ROAD TO 75 CENTS IN 7 MONTHS..... ID JUST ACCUMULATE. BOLLINGERS ARE TIGHTENING AND PRICE ACTION ON BOTTOM WE ONLY CAN GO UP BUT MIGHT SEE SOME SIDEWAYS ACTION BETWEEN THE FIBONACCI LINES
Long
by savenido
$TRX plotting towards its breakout if his ma (BTC) gives permissCommon knowledge is ALTS price action is based of BTC and what it does. So knowing this if BTC keeps testing the 8K mark and stays stable we should see this trade come to fruition. When BTC is stable = ALTS stable. BTC down = ALTS up Fundamental sky is looking calm, stable with nothing *known* coming up to shake shit up. TRX is coming towards a breakout point seen in green gunshot. Green trendline is based from waaaay back. Strong.
Long
by sombtcbarron
2
TRON TRX Long Term 1000% Potential (HIGH RISK)Tron has phenomenal potential of reaching ATH before summer, however you should be aware that while we are in accumulation stage, we may see drops which may be damaging to those investors who have twitchy fingers and short term investors. We personally will be holding, however you should know that we only hold between 10% - 25% of TRON in our portfolio. Please understand that this is a HIGH RISK - HIGH REWARD trade scenario. We do not recommend investing too much into TRON if you're a short term - medium term holder/trader. With that said, TRON has huge potential of bouncing off any of the 4 supports we have highlighted on chart, especially if TRON foundation releases positive news. IF YOU'RE NOT FOLLOWING US, YOU WILL NOT RECEIVE UPDATE NOTIFICATIONS NEVER INVEST WHAT YOU CANNOT AFFORD TO LOSE. WE ARE NOT YOUR FINANCIAL ADVISORS.
Long
by CryptoManiac101
1
TRX/BTC, Looks Like a Price Action Upwards is Ahead.Hey! I am back with yet another chart. This time again on Tron, last chart looked pretty green followed by BTC fall, so now is in the RED way. On this chart you can see a lot of lines and text.. obviously, but no all the red lines are support/ressist lines. The lines are points where price should stop for a while went some % down, and if got some good Volume can follow its path higher. Buy - 410 sat, wait for a MACD confirmation. My target - Around 666, when it will be in this Range I will check RSI and MACD, Fib says its ok target! Gamble Target - 880 sat (Not recommended) Descending Triangle can end up going both ways, up or down. Thats why I have a stop loss. Stop loss - 370 sat. So what more to say, I guess everything important is in the Text in the chart. One last thing, Good luck trading! If my Chart helped you consider dropping a like or leave me your opinion, Thanks!
by TiborVrbovsky
5
trx still following line of support but under heavy stressFollwing trx over the last two days it has hugged the support line dipping below and shooting above all the time coming back to rest on the support. This to me says that trx is under a heavy load from both the bears and the bulls. it will be interesting to see where it ends up as the market has been slowly leveling out over the last week. It looks to me that any movement that holds above or below this line of support will determine the next month or so of trx prices. I dont know about you reader, but i for one hope trx gets some bulls behind it and regains its wings! Mogli, out.
by Earl_of_Crypto