TRXBTC trade ideas
will tronbtc ever pump again? probablyprinting a double bottom potential deviation from 500+ day range
volume has been increasing since revisiting historical low btcvalue
sqz momentum indicator is printing bullish divergence
buy signal on the 1d supertrend
idk it probably revisits the long term range from last year
TRON (TRX) Will Enter A New Bullish Cycle, But Why?In 2019 and 2020 TRON (TRXBTC) had a nice bullish cycle that ended in early September 2020 with a peak price of 465 satoshis (0.00000465) for 244% total profits from bottom to top... This year it will be more.
We had a very strong correction of over 100% of the last bullish wave ending in a lower low...
Recently we had a bullish breakout and now we are seeing a potential higher low.
After 6.4 months of bearish action, red, we can easily see this trend change and see prices moving back up.
Additional details (targets, support levels & potential profits) on the chart.
Namaste.
$TRX: Road to Redemption or Plot to Steal All My Money?If you all knew how much money I've lost on reckless TRX moves over the years you would be ashamed. But like any good Mongoose I just don't learn my lesson until I bite the head completely off of the snake. If this thing takes off there is plenty of room for profits. Let's give it a go shall we? Oh and if you're reading this Justin Sun, you suck.
Warnings: If BTC continues on a tear TRX is almost aways guaranteed to plummet. So if we see another bull run we could see 75 sat and lower range. Also, this coin is cursed so good luck.
TRXBTChi my dear friends ,
Alex is here
as you can see on the chart , tron has a great potential to outperform bitcoin very soon
The Bigger Picture 135% +Tron is finishing up its accumulation phase, Despite controversy surrounding Justin Sun, Tron has been years ahead of the competition in terms of technology (ETH).
- Not financial Advice
TRXBTC Could Head for All Time Highs in 2021 (Elliott Wave)TRXBTC is in a similar diametric pattern as XRPBTC was in right before the 2017 bull run where XRP increased over 500x against the Dollar and 50x against Bitcoin (see attached chart). It remains to be seen if this pattern will repeat on TRXBTC. If it does TRX could increase over 1000x against the Dollar.
(XRPBTC March 2017)
As you can see there is a similar ABCDEFG pattern on both of these charts. With selling momentum decreasing on TRX, it seems like bears are running out of ammo and soon this chart will reverse in a massive way. We could see more chop for a few more weeks before the rally begins, but at some point soon we should see a very large bullish reversal.
Fundamentally, TRON remains one of the strongest competitors in the crypto space. It has nearly instant, free, and optionally-private transactions, millions of transactions per day, and one of the most robust dapp ecosystems in the world. There are many tokens built on TRON that could also see similarly large growth as TRX, including BTT, JST, WIN, SUN, and others. There's $10 billion in USDt issued on the TRON network, second only to ETH, with free and fast transactions compared to ETH's very high gas fees and slow transactions, USDt and most dapps on TRON have a significantly better user experience than ETH.
The simple fact that TRON has such a fundamentally strong network but the price has been relatively weak also creates a massive fundamental/price divergence. For something with such strong fundamentals to be doing so poorly in price is an irrational situation, and that irrationality has created a massive opportunity which will be missed by most who are chasing short-term price movements and getting caught up in the fake news narrative and the herd mentality about TRON and Justin Sun. This is the same fake news narrative and herd mentality that was pushed in 2016 on XRP, right before XRP did its 500x gain against USD, making it one of the best performing cryptos of 2017. TRON is in an ideal position to repeat what XRP did in 2017, and possibly even exceed it.
My target for TRX is at least a 50x gain against BTC, but we could far exceed that. I will be looking for an ideal exit as prices increase, but primarily I will be focusing on the USD chart and looking to take profits in the 40-350 USD range.
TRX Broke down Crutial Support....Brace.....This thing looks Ugly...
Justin may launch JSUCK token....
do your own research....
TRXBTC comparisonSomething brewing, weekly MACD just crossed bullish, 4 hr is coming around
1:1 fib about lines up with the initial target on TRXUSDT chart.
I always thought TRX was dogshit until I actually started using it. I feel it has always had a scammy stigma but its Fast, cheap and reliable, a lot of things Ethereum isn't at the moment.
TRX weekly Macd crossingHoping is strong, really wanting to see TRX/BTC to get a pump soon!
Not financial advise
Finally TRX will try to go upThis is not a financial advice. Always do your own research and always put stoploss in your trade (SL) :) If you want more detailed info how to study and read charts or just need help with some coin, just write to me here personal message, i will try to answer to everybody... i can help you :) all for free, don't worry, BE HAPPY!
If u like the analysis, please leave a comment or like, i really appreciate it because then my work makes sense :) thanks!
One of the few altcoins that could possibly growMost altcoins don't look good right now. Yes, they can grow up, but they can also fall a lot.
So the risk/reward is bad. Altcoins are subordinate to bitcoin, so you need to look at it first.
You can try to take a TRX for a small part of the capital.
He is consolidating, and we are positive about Bitcoin. Therefore, it makes sense to consider.
Stop loss if the day closes below 70. In case of a false breakout, you can re-enter the position.
Take Profit. Marked in red on the chart.
Don't use more than 5% of your capital per altcoin. Better to use 2-3%.
TRX to 116 sat after 99if we go abovd 99 sat with high volume, TRX will target 116 sat in the short term.
