BITCOIN Potentially Headed Back to 40k by Feb (Elliott Wave)Bearish momentum divergences and price action on almost all timeframes is signaling a potential top here. My Elliott Wave count (which I have been following since June 2021) is indicating that the forecasted wave-B could be coming to a conclusion. This is based largely on the fact that the time of wave-B is related to wave-A by 161%, which is a common time for wave-B to end, and it has already made a new high above wave-A as well as a 2nd new high shortly after. It also gives us the perfect amount of time for wave-C to end in late February 2022.
I've also noticed quite a bit of exuberance on crypto twitter, which is usually one of the first signs that the market is nearing a top. A lot of people are expecting Bitcoin to hit 100k by the end of the year, which is seeming less likely at this point unless we are able to break 69k resistance with quite a bit of force in the coming weeks. For now it seems like being hedged for most cryptos is a good idea, I will unhedge if BTC makes convincing new highs. This leaves us with very minimal risk of missing out on any massive uptrend, but also prevents any large loss of profits from a large correction in the market.
After we hit 40k in February, we should see a massive move up which will take BTC well past 100k in 2022. In the mean time it may be a good idea to be on the look out for some unique gems that break the downtrend.
TRON
BTC Could Go To 23kAt this point it is seeming like BTC and virtually all of crypto is going to break down here, along with global stock indexes, and we'll see a massive capitulation down to 23k by February.
This will likely be followed by a massive move upward as people rush into crypto to hedge inflationary pressures from the FED and congress, who will be printing and passing massive stimulus to attempt to save the stock market.
Inflation will likely remain very high for years while the stock market goes through a few years of stagnation (stagflation).
Tron (TRX) formed a big bullish Shark for upto 144.5% huge moveHi dear friends, hope you are well and welcome to the new trade setup of Tron ( TRX ).
Previously we had a nice short term trade of TRX:
Now during the current crash, on the weekly time frame chart, TRX has bullish harmonic Shark pattern for a big bullish reversal move. Right now after completing the final leg it is moved slightly up, therefore, we can wait for the candlesticks to re-enter the buying zone.
Channel BreakoutHello everyone
Before we start a discussion, it is my pleasure to read your opinion on this post's comment section and support this idea with your likes if you enjoyed it!
TRXUSDT :
the price breaks the parallel channel and further bullish movement is possible.
I am waiting for a pullback to long TRXUSDT for a good R/R ratio.
My target is shown on the chart.
TRXBTC Breaking Up From Weekly TriangleThe weekly chart on TRX is starting to look really bullish. Nice bottom signal and the indicators look good too. We're also breaking out of this tightly wound triangle which could potentially signal the end of the 4 year bear market. It looks like minimum target against BTC is 323 sats for the smaller triangle, but it could go significantly higher than that if we get a full breakout from the long-term triangle, which seems pretty likely.
Justin Sun has been making big moves by becoming Ambassador to the WTO for Grenada. Wouldn't be surprised to see some small countries adopting TRX as an official currency, similar to what El Salvador did with BTC. Also regulations will likely improve in the US this year which could help drive the price of TRX and many other cryptocurrencies and remove much of BTC and ETH's regulatory advantage.
TRXUSD Exit At Price 0.0735TRON (TRXUSD) Long Trade Idea. Recommendation is to trail stop loss to target price.
TRXUSD Target Price 0.0714See multiple touches at price level 0.0691. There are multiple touches on both sides of the horizontal line at 0.0691. Also Exponential Moving Average Period 10 is 0.0691.
TRON (TRX) - January 17Hello?
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(TRXUSD 1W Chart)
Above 0.04413840 point: Expected to create a new wave.
If the price is maintained above the volume profile section formed near the 0.04413840 point, it is expected to continue the upward trend in the mid to long term.
However, in order to continue the uptrend, it must break out of the downtrend line.
If it fails to rise above the 0.07500028 point, there is a chance that it will fall near the 0.04413840 point, so trade cautiously.
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(TRXBTC 1W Chart)
Over the 259 Satoshi-318 Satoshi section: Expected to create a new wave.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether the price trend is in an upward trend or a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to be able to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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TRXUSDT, Buy zone activated, what happen now ???Hello everybody
Its about a long time that we will wait that all of our 3 buy zone area activated after that we wanna publish new update.
According to the chart you can see all of our buy zone area was activated, and we reduce our average purchase, we expect the price because of the supporting in support zone area and because of the condition of market that will happend today (if you dont know about economy analysis you can check our last analysis of BTCUSDT in profile) the price can move upwards toward first resistance zone that we shown on chart.
The community of tron is becoming better than today in next 3 months later because of the program and road map they have.
Good Luck
Abtin
Previous analysis :
TRX (TRON) WILL BREAK RECENT LOWTRX (TRON) will break recent low and after that where it can go this is confusing for now because i can see 2 alt count.
DISCLOSURE - Please be informed that the information I provide is not a trading recommendation or investment advice. All of my work is for educational purposes only. All labeling and wave count have been done by me manually and I will keep changing according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans. Try to learn Elliott Wave or other strategies and make your own strategy. Following is not that much easy. I am not responsible for any losses if u took the trade according to my trade plans.
#TRX #TRON
BITTORRENT LONG SETUP Hi everyone and Happy New Years
In this weekly chart, we can see how price is rejecting the zone, I believe price can drop down to the pointed target before we can then see an uptrend the alts Bull-run.
Always remember Patients pays
Please like and check out my previous analysis if you find this informative
TRXUSDT-LONGBased on technical factors there is a long position in TRXUSDT Tron
TRXUSDT Tron
Score 1️⃣
🔵Long Now or set on Key Level 0.07600
🟢Target 1 0.07780
🟢Target 2 0.07970
❌Stop loss 0.07550
#K_Level
Every signal has a score from 1 to 5, so accordingly adjust your risk for each signal. The signals with the score of 5 are the most probable ones.
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LONG TRXUSDT | Risk / Reward: 3 This will only be a technical analysis.
The Chart seems to shows us a "M" pattern that is spreading among the time. If this was true, we would be in the down side of the "M" pattern and would bring an opportunity to make a long position.
Furthermore the RSI is pretty low, this comfort a long trade signal.
Position settings
Entry Price: 0.07717
Target Profit: 0.09761
Stop Loss: 0.07035
Potential Profit: 26.49%
Ratio Risk / Reward: 3
I am also curious to earing your opinion too.
Should you feel that this analysis helps you, feel free to leave a like, and I wish you a good day!
TRON - Parabolic Breakout?Tron appears to be respecting a parabolic curve and we are approaching 2 significant areas of interest, as shown in the chart.
Trade idea:
- Watch for a strong breakout above the parabolic curve
- enter with stops below the most recent price rejection
- target recent highs as first target and continue holding until there's strong price rejection
Goodluck