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Tronbtc

Tron looks like it has found bottom. Clear Wyckoff Accumulation.Tron is in a insanely clear Wyckoff Accumulation pattern, and it honestly looks very similar to schematic 2 that suggests we will be moving up. It seems like this pattern was intentionally painted on the chart. The accumulation pattern Tron is in is much more clear compared to other altcoins such as Litecoin. Keep in mind Tron will most likely not follow either one of these patterns, but I posted this because it seems to be following schematic 2 to the letter so far. However, I am still skeptical right now. With Bitcoin nearing the trendline once again but this time at 6400, it seems inevitable that we will get a big decision very soon, whether that is to move up or drop into 4600 accumulation. Personally, I believe in the bearish schematic one that suggests we will drop (around 40%) into a lower low before finishing the pattern and moving past resistance. However, if Bitcoin breaks past 6400 and the sentiment turns bullish again, it is very likely Tron will follow schematic 2 that suggests we are ready to move up past 420 sats. Thanks for viewing! I have noticed this pattern for a long time but waited for it to develop before posting. We are now at the decision point. I am short Tron since 395 (the current price is 372). If we manage to move past 390 I may consider closing my short. I am still collecting members for my private chat group. If you are interested, please send me a message. I post all my trades and explanations there.
Long
by HD1184K
1
TRX / BTC AnalyticsTRON is a decentralized blockchain protocol which goal is to create a worldwide entertainment system with liberal public content through DTL - users can publish and store any data. The project is distinguished by a large-scale PR campaign, numerous coin-related events and news from developers are widely discussed in the media space. However, the news background is weakly reflected in the current rate. Coin trading volumes are stable, although relatively low. The minimum of this year was formed at the level 0.00000259. Comfortable entry points are in the range of 0.00000330-0.00000350. Technical analysis of this asset does not work correct, the rate is affected by the news background and the psychology of traders. The stop-loss zone is in the range 0.00000300, this is a fairly strong level of support. Simultaneously with the massive closing positions in this area, large purchases are taking place – it’s reaction of big players. If the price consolidates above the zone of attention 0.00000406, then very likely a powerful upward price movement and the probability of geting x3. When opening positions for this coin you should put close stops. It is difficult to play during the day, because the speed of price change can be very high and too hard to catch move. A project with great plans and prospects, so profits can be left in the asset.
by ZOGRAS
TRON (TRX) Partnership w/Industry Giant BaiduThe 'partnership' between Baidu and Tron is basically about Tron buying cloud computing resources from Baidu. "The two parties have made no contact at the blockchain business level". According to the ODaily: recently, Baidu Cloud and Tron have reached cooperation in the field of basic cloud business. Tron will build, operate and debug blockchain products based on Baidu Cloud in order to ensure compatibility and optimize development experience. However, Baidu and Tron have not yet formed any connection at the blockchain business level. Currently the cooperation mainly focuses on the purchase and use of (Baidu's) basic cloud computing resources. Baidu will actively provide their blockchain solution w/ their soon-to-release blockchain commercialization super partner plan v1.0. The plan is about tech exploration and revenue sharing with their commercial 'super partners' using Baidu's 'out-of-the-box' blockchain solution. twitter.com "Finally, First time to partner with tens of billions USD valuation industry giant. Guess the name #TRON #TRX $TRX" twitter.com "TRON (TRX) Price Leaps on News of Partnership with ‘Industry Giant’" cryptovest.com “Justin Sun’s recent hinting at a partnership may be the most ambitious yet for both the young founder and the top 20 cryptocurrencies. While nothing has yet to be concerned, the current speculative mill has it that TRON is in the works to announce a partnership with Baidu, one of the largest IT companies in China and essentially the Google equivalent for the country.” cryptodaily.co.uk "As reported earlier by CoinNess.com , #TRON had inked a partnership with Baidu." twitter.com
BINANCE:TRXUSDShort
by tecusack
2
TRON (TRX/USD) - The Strongest Coin On The Market!!One of the strongest coins on the market is TRON'. Yes, it came down also pretty sharply as they all did but price action wise and technically it looks in very good shape. Some altcoins prints new 2018 low (ETC) some of them approaching the 2018 low levels but not TRON' it has far from the 2018 low point and it has multiple strong support before that level. It could sound unbelievable but the current bounce came from new higher low (HL) area. This is a big statement and shows that Tron is 'healthy'. Besides that the bounce came from the new HL area, then there are also other criteria: the golden Fibonacci retracement level 62 percent and the trendline since June 19 which worked nicely as a support and after a breakout above the trendline on Oct. 4; we could say that this was a retest. If the bounce momentum continues then the next resistance is the March low, the counter-trendline and the 200 EMA crossing area. If the price manages to push through from the mentioned levels then it is out of the danger zone and back above the 200 EMA and back above the major counter-trendline which will indicate that the momentum will continue and we go and retest the green area above the current price. Here are dangers also, the resistance - crossing area - is pretty strong and if the market doesn't show that power to go upwards that it could mean we go and test the lower levels again and the major lower levels support are marked with red boxes. If You are interested in the latest cryptocurrency news, coin reviews and breaking stories from the world of blockchain then visit our website! (The LINK is on the profile) Hopefully, this analysis helped You out a little bit to confirm your own analysis and if You appreciate what we do here then hit the LIKE button! Best regards!
BINANCE:TRXUSD
by CryptoComes
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! Everybody, I guess We have to Go to that place To get to this one Now some of you Might still be in that place If you're tryin' to get out Just follow me I'll get you there Don't lose money, Be a Legend Trader. Please, don't forget to LIKE! Thank You for your support! Have a nice day!
Long
by God_Of_Profits
2
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 Thanks for viewing! If I made you money, feel free to tip me.
Long
by HD1184K
6
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. Thanks for viewing! I read all comments and reply instantly.
Short
by HD1184K
3
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.
Short
by HD1184K
2
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.
by Obrano