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Tronbtc

Tron (TRX) Possible breakout, also possible harmonic.Tron has always been one of my favourite coins to trade due to its very easy to predict movement. Currently I believe Tron will have a drop as it hit the white trendline. However, due to the fact that we have quickly pushed back up after the retest means Tron is still pretty bullish, so this could be the breakout we have been waiting for since 3 months ago. I believe shorting Tron with a stop loss around 350 is a good play. I am still hesitant about this trade and am waiting for confirmation. If I were to take this trade: Entry: 345 satoshi area Stop loss: 350-57 satoshi area (depends on your risk tolerance) Take profit: 290 satoshi area. Keep in mind this price will likely not be hit. Thanks for viewing! If you wish to know where you can short Tron, I will message you privately. Feel free to comment. I will respond to all of them.
Long
by HD1184K
2
Tron (TRX) Bullish breakout, likely another leg up. Careful!Like all the other altcoins, TRX has had a nice bounce from its lows. If you managed to catch it around that area, congratulations. I did pick up some TRX at 303 and will likely sell at 355. I am still bearish. This is because BTC is currently in a short term bullish reversal and it is likely we drop down again. I believe the 7.1-4k area is the maximum BTC can reach and expect 6.8k to be the top. Therefore, if you hold Tron, consider selling it near 355 which is the resistance or when Bitcoin peaks at around 6.8-7.4k. If Tron forms a strong bull flag, do not sell, since another leg up may be coming. A strong bull flag is when price just stays within the same range without slowly sloping down. The less we drop, the more bullish we are. I am bullish in the short term but believe this is just another bounce for BTC. Either way, there is 5% more to be made on TRX so trade safely. Thanks for viewing! I will respond to all comments below.
Long
by HD1184K
3
TRON approaching all-time lowTRON is currently trapped within a parallel channel as the price continues to bounce between channel's support and resistance trend lines. By doing so, the price action has penetrated through both the 78.6% Fibonacci support and horizontal support around 0.00000315. The same level held support a couple months ago, which then launched the coin to new highs. As the price closed below the horizontal support on a daily closing base, it is to be expected that the mentioned level will now act as a resistance. If we see a reaction of off that level, a rotation lower to re-test the all-time low around 0.00000190 can be expected. If, on the other hand, bulls manage to break above the horizontal resistance and channel's upper trend line, a big move to the upside may occur. In that case, a buy once the channel has been penetrated is the most likely action to be taken.
by WhaleAgents
Tron (TRX) Still bearish, no sign of reversal, area's to watchTron has been on a huge downtrend with no sign of reversal still. This leads me to believe the drop is still not over and we have some more dropping inbound. The bullish divergence on Tron has long been invalidated. Currently 260 - 200 could be the bounce zone, but I think if BTC goes below 5.8k we might see under 200 sats per Tron. Therefore, if you have Tron, sell it now. I have long sold mine around the 400 sats mark, and have entered a short once Tron broke 324 sats. My advice is to avoid doing any sort of long. You may be right for a few hours before another dump occurs. Shorting is not only safe, but more profitable in this market. I plan on closing my long around 200-230 sats if we ever reach there. Buying right now is like shorting during the 2017 rally, there is no "too low" just like there is no "too high". The more we drop, the more opportunity there is in the market for the next bull run. There will be another bull run, we just don't know whether some altcoins will survive. I think Tron will survive, but many of the less valuable coins might be going effectively to 0. Thanks for viewing! If you have any comments, please leave them below. This has been the bloodiest day in last 8 months for cryptocurrencies.
Short
by HD1184K
4
TRX ignored our last buy zoneIn our last TRX update we said that the next good buying opportunity could be between 354 and 335 but since then we changed it to 315 because of the lack of confluence between horizontal and diagonal support. Unfortunately the market completely ignored this level and it fell right thru it. Even without looking at ADX we can see a clear acceleration of the downtrend and if it continues we will need to draw another channel with steeper trend lines. We failed at 315 and got stopped out but if the prices continues to fall our next candidate for a potential swing low is 220.
by JohnNMex
2
Tron (TRX) Coiling stoch, Tron preparing for big movement.Tron has been in a falling wedge for months, and currently, I believe the end of this bear cycle is almost over. Tron has an increasing RSI during the decreasing price, indicating a bullish divergence. If you believe in TRON, look at adding funds when it hits below 400 sats, which is happening right now. I believe anywhere around 300-360 is a good addition for your portfolio. The problem is that BTC might not have found a base yet, and TRX is still within the falling wedge. However, if you look at the stoch on before the previous run, we are developing something similar. XRP had something like this too. This development is on and off, but is worth noticing. Therefore, Buy in: 300-360 sat level Thanks for viewing! Hope you guys haven't lost too much money. If it makes you feel any better, I lost over 10% on TRX when I transferred it in order to vote, which required a lockup period of 3 days, which happened to be the time BTC dropped.
Long
by HD1184K
Tron (TRX) Coiling stoch, Tron preparing for big movement.Tron has been in a falling wedge for months, and currently, I believe the end of this bear cycle is almost over. Tron has an increasing RSI during the decreasing price, indicating a bullish divergence. If you believe in TRON, look at adding funds when it hits below 400 sats, which is happening right now. I believe anywhere around 300-360 is a good addition for your portfolio. The problem is that BTC might not have found a base yet, and TRX is still within the falling wedge. However, if you look at the stoch on before the previous run, we are developing something similar. XRP had something like this too. This development is on and off, but is worth noticing. Thanks for viewing! Hope you guys haven't lost too much money. If it makes you feel any better, I lost over 10% on TRX when I transferred it in order to vote, which required a lockup period of 3 days, which happened to be the time BTC dropped.
Long
by HD1184K
6
#TRON Im getting my long position - I think the bottom is nearlyHi everyone :) It's been a while since I traded TRON now last time, and I see again now the possibility of a long trade, this time I take a position with 20x leverange. What I see is that TRON now moves to take a breakout of the falling wegde hopefully, and that's something it must do now as it's soon finished the wegde I therefore believe in a long position here, since most news around TRON lately has been fundamentally good, removed from the hype. 20bb shows signs of bullishness inside the 200bb, and i also think we are very close to the bottom from this long downtrend and its time to get some buyers into trx again. EasyX Community: -We are a small Community who help each other as good as possible, but especially the most recent ones who need to learn from someone who has already learned. -Want to learn more about Technical Analysis and to become a better trader? -We believe in sharing knowledge and learning from each other is the strength of success. -Gladly join the Discord Community and participate to trade with us - You are welcome :) - discord.gg -
Long
by Porshy
2
Tron (TRX) Breakout. Possible long position after flagging.Hey everyone, my last chart predicted sideways movement till the news so this was kind of expected. I believe this can be a great long position in anticipation for the secret project, as long as TRX can find support and form a strong bull flag. There is a medium chance it will be a false breakout. I bought into Tron at 440 so I'm kind of debating whether or not to take profit now. Therefore, Buy in: When bull flag forms. If we drop straight back down it was likely a false breakout and should not be trusted. With the secret project tomorrow there will be an increase in demand or selling pressure, so be careful with a smart stop loss. Sell targets: 573-600 satoshis. Stop loss: 464 satoshi level or underneath the bull flag's support area. I believe in the next few months TRX is going to have a good cycle again. As long as bitcoin can stay within the current range, a good 50% gain is possible.
Long
by HD1184K
4
Tron Ethereum pair explains everythingI believe this shows impulsive since 2/1/2018 nobody could get a good count on tron because they were not and couldn't off of btc pair. Because BTC took such a dip we ate shit on trx btc pair doing more of a WXYXZ correction and looking like a 1-2-3-4-5 move with truncated 5th. That 5th? is a B wave hit exact .78 retrace of A. This all means we are about to start wave 3 after we finish this ABC correction. I estimated these numbers off of a bounce in golden pocket .618 retrace. Its already bounced on .50
by savenido
2
TRON: BITTORRENT ACQUIRED & VM LAUNCH - PROFIT = 12.14% !!!Our  "Crypto Bottom" Trade Indicator  has correctly identified a buy in point on the  24th of July 2018 .  Using this buy in point and selling at today's current price you would have expected to  net 12.14% PROFIT!!!  The increase in price may also be explained by positive developments including:  14 April: TRON launches Project Genesis: a reward pool totaling $2 billion USD and a variety of programs—all for the TRON community and developers.  21 April: TRON airdrops 30M TRX -0.54% Ethereum 0.72% holders.  24 April: TRON starts trading on Bittrex.  8 May: TRON Mainnet Odyssey-v.1.0.6 is released.  9 May: TRON announces that they have more than 1.08 million users.  10 May: TRON announces that their 30 Million TRX -0.54% Token Airdrop is Complete.  12 May: TRON announces that will be launch TronVM v.0.1 on the 25th May. This version will be fully compatible with the Ethereum 0.72% VM allowing Ethereum 0.72% developers to use an adapter to migrate seamlessly from Ethereum 0.72% dApp projects to TRON.  May 14: TRX -0.54% ranked first in code submissions in the last seven days, last 30 days, last 60 days  (NEW) May 18: Tronscan V2 explorer is released that offers a brand new design, the possibility to search on our blockchain & get a snapshot of its development, vote & follow the activity of the Super Representative candidates.  May 31: TRON announces launch of Mainnet.  June 1: TRON announces USD$10 million bug bounty program.  June 2: CTO Lucien Chen: “By adopting an enhanced DPoS consensus mechanism - TPoS - TRON TPS (transactions per second) is several hundred times of that of Ethereum 0.72% .  June 3: IndoDax lists TRON ( TRX -0.54% ) and allows trading via $TRX/$Rp pairs. This follows TRON's expansion into Indonesia.  une 7: TRON announces Partnership with Shift Markets. Shift has been helping with the launch of over 100 FX brokers and over 50 crypto exchanges in the past decade. With this partnership, TRX -0.54% will be bridging the gap between traditional fiat currencies and cryptocurrencies. This will also increase its liquidity not only the crypto-markets, but also the traditional Forex markets that deal with global currencies. TRON will now be offered by a total of 9 brokers in 9 different countries.  June 11: Binance adds TRX/USDT trading pair and announces support for TRON mainnet swap.  June 12: Ledger (makers of the Ledger Nano 0.32% S cryptocurrency wallet) announce intention to support TRX -0.54% on their wallets.  June 12: Trade Satoshi lists TRON.  June 14: TRON notes that 25 cryptocurrency exchanges will be supporting the TRON Migration of June 24.  June 14: TronWallet an open source crypto wallet gets released.  June 18: Justin Sun acquires BitTorrent for $140 million. It is assumed that TRON, the digital cryptocurrency will be used to power the file-sharing app rewarding users for partaking in various activities similar to how Upfiring aims to utilise the blockchain for P2P file sharing. July 19: Nano Ledger S adds support for Tron. July 22: Changelly adds support for Tron. (NEW) July 25: Tron Foundation Officially Completes Acquisition of BitTorrent (NEW) July 27: Justin Sun announces that Tron Virtual Machine Testnet will be launced by the end of the month. The general uptrend in the crypto markets as well as the positive developments outline above - in particular the purchase of Bittorrent and the potential addition of 170 million users to the TRON blockchain.  ***The "Crypto Bottom" and "Crypto Peak" crypto trading used in this analysis is included as part of the Crypto Trade Signals subscription.***
by CryptoTradeSignals
Tron (TRX) Big market order boosted TRX up. Unclear signals.TRX broke out of the falling wedge netting me around 5% profit after it hit my stop loss. However, the Bitcoin ETF decision which has now been moved to September caused BTC dominance to rise, basically people moved their BTC out of altcoins. This is one of the reasons I strongly wish for more exchanges with fiat to altcoins so we do not need to analyze both Bitcoin and the altcoin charts before trading. Right now on paper it looks like we will be continuing down, but as mentioned, a secret project will be announced in 6 days, and as shown on the chart, there was a large buy order for TRX which caused a move up of around 6%, which might keep us above 400 before demand rises due to the news. Right now I would wait and see if Bitcoin can hold and what the dominance decides to do before moving funds back into Tron. I did pick up some TRX at 445, but a very small portion, with a stop loss at 400, but I'm fine with the risk. Thanks for viewing! Leave any thoughts you have in the comments below. I'll make sure to respond to questions.
Long
by HD1184K
4