Tronbtclong
TRX BULLISH (#TRX $TRX)Tron TRX:BTC might just have one of the most bullish setups of all Altcoins.
We're not hearing that much about Tron anymore. It's ready for a surprice.
From a TA perspective I would expect a massive spring between november 5th and 20th, that should send the coin towards 2-3x against #Bitcoin.
Reasons:
1) August 13th TRX broke out of that yellow channel and is now looking to retest it.
2) August 31th TRX broke out the a MASSIVE descending triangle / resistance (teal line)*** and is now lokking to retest it.
3) Bottom Double Stochastic Oscillator 3D.
4) Bottom Double Stochastic Oscillator 1D.
5) Oversold RSI 1D.
***) Formed using a Ray connecting wick from april 30th ´18 and close from januar 28th ´19.
#DYOR
TRXUSD: Climbing higherTRXUSD looks pretty decent.
Flip S / R and now preparing to assault 0.016 BTC resistance zone.
I'm long here using a wide stop ('coz I'm always caution with alts and their dreadful swings), R:R ratio is 1:2, not bad.
At resistance, shorts looks more rewardable, invalidation - close above $3 at 4h / 1d timeframe.
Information is just for educational purposes, never financial advice. Always do your own research.
TRXBTC formed bullish Cypher | Upto 29% bullish move expectedPrice actions of Tron (TRX) with Bitcoin coin pair has formed bullish Cypher pattern and entered in bullish potential reversal zone.
Lets have a look on the TRX priceline's move:
After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.618 Fibonacci and then B to C leg is projected between 1.272 to 1.414 of A to X leg's Fibonacci projection and final (C to D) leg is retraced between 0.618 to 0.786 Fibonacci projection of X to D leg for a perfect bullish Cypher and then the price action is entered in potential reversal zone of this bullish Cypher pattern, Now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of C to D leg, but after this bullish divergence if the candles sticks will be closed above 0.786 Fibonacci levels then it can also lead to the long term bullish move.
Buying And Sell Targets:
The buying and sell targets according to harmonic BAT pattern should be:
Buy between: 0.00000206 to 0.00000191 sats
Sell between: 0.00000219 to 0.00000247 sats
Stop Loss:
The potential reversal zone area which is up to 0.00000191 sats can be used as stop loss in case of complete candle sticks closes below this level.
I will be keep posting more trading ideas.
TRXBTC 1hHello everyone. In my previous BINANCE:TRXBTC idea, I told that there is a big possibility that correction has over. That idea still working and now im showing u opportunity for TRX on smaller timeframe. Instrument can go up from current prices, or go down to red line and then make reversal. As always, moving below yellow line will abandon this idea.
[300% ROI] SEEMS REASONABLE TRONBTCIt broke its long term channel and made first impulse and retraced.
Good place to be a buyer here. It stayed more than 4 months and consolidate.
Maybe 1 or 2 months it CAN go sideways but i need to buy from this areas.
My setup like that:
Buy: 200 sats
Sell: 603 sats
Stop: 130 sats
Trade time: It should resolve in 2020. (Mid-term trade)
R:R (Risk to reward): more than 6
If I can sell trx from 603 sats it means I will gain more than 300% ROI which is reasonable.
If you like this format, trade setups like, share and follow for more. Thank you.
You can check my other mid-long term analyisis on BTC here;
Tron Trading Market on Binancedue to the throne adding liquidity to the binance
it says that volumes for buying and selling appear in the coin
asset growth possible
cancellation of the growth scenario breakdown of the white level
after a breakdown of the white level, you can open the short with the target of 0.013
indicator divergence on the indicator
TRXM19 5x Long, 2 Triangles + support.Exchange : Bitmex | Margin Trading
Trading Pair : TRXM19
Position : Long
Leverage : 5x
Approx Risking: 3.7%
Approx Reward: 13.7%
Risk/Reward: 3.7
STOP LOSS: 100% @ 0.00000338
Approx Entry AVG 0.0000351
Entry 1: 1x @ 0.0000362
Entry 2: 2x @ 0.00000360
Entry 3: 6x @ 0.00000357
Entry 4: 18x @ 0.00000348
Approx Exit AVG: 0.00000399
Exit 1: 25% @ 0.00000377
Exit 2: 25% @ 0.00000390
Exit 3: 25% @ 0.00000411
Exit 4: 25% @ 0.00000427
Reasons to enter (Prioritized from most to less important):
1. Broke Support. hanging on the purple triangle as a support
2. If it breaks, it will most likely follow the teal falling wedge/triangle
3. Should hold next support. Stagger all the way down.
TRX/BTC Upward Break PotentialHere for a quick look at the TRX/BTC pair on Binance.
BINANCE:TRXBTC Potential for an upward break, 4H RSI rising wedge along with a nice looking bull pennant.
A break of the pennant is setting my target in the 580 Sat region.
Entry: on breakout
Stop-Loss: below support of pennant
Target: 580 Sats
$TRX #TRXZ18 - Breakout soon? - Day Trader ExplainsHello Lads and Ladies,
Lets do some quick TA on Tron today.
Things are starting to bounce and opportunities are here again for some nice but still safely set-up longing positions.
Please take note and always watch the market. BTC dropping 44.77% within 3 weeks is an insane amount without a significant pump. - When BTC pumps, it will also have an impact on all other coins.
So, what are we seeing here on the chart?
I picked the 12h chart to show you something that I use myself a lot but many have still no idea about it and how to use it. It is the RANGE.
To pick the range, we would set horizontal lines at the very top and at the very bottom of the chart.
As you can see right now, we are pretty much at the bottom of this range for Tron.
We are STILL respecting the very strong downtrend.
We are creating higher lows inside of a triangle.
We still did not have a close below 300 sats.
We are forming a bull hammer right now.
We are coming to an end of the triangle with an increasing chance of getting squeezed out.
Why are there two buy zones?
The yellow one is at this moment a good point to set first orders, entries etc. This is area where we have the lowest closes.
The green buy zone is basically an area where we only have had wicks down to, which I see it as the best buy in opportunity and also where you have your staggers.
Summary?
> Ending downtrend
> Bullish 12h close
> Re-Testing Downtrend
> At the bottom if its range
> Entry below 310 is good, below 300 is perfect
> Targeting the middle of the chart range (356)
Please note that this is a 12h chart and requires lower leverage.
Like and Follow me and you will find this page interesting because I am a TA expert and professional day trader in crypto since 2012 that does daily updates and new posts about the hottest and most discussed coins.
This is as always a delayed post, if you are interested in first hand news, feel free to join our group,
Cheers, TJ
LONG TRX/BTC - Easy Profit?MACD seems to turn bullish.
TSI is neutral but could turn bearish if it hits upper levels.
Take Profit: 80% if it hits 200 EMA, let the 20% ride. If it hits upper canal of TSI sell 100% right away.
Stop Loss: Break of previous support
Lets be real, tron is a shitty project, fundamentals doesnt matter in this case!
WILL TRON (TRXBTC) STAY IN ITS BULL CHANNEL?Hello guys I'm doing weekly analyses on the top 10 marketcap cryptocurrencies. Here is for TRXBTC.
First I received an email from my Crypto Trader 1H for a long signal. You can see the backtest results from the indicator on the year 2018 down below.
Then I looked at the 1D chart and this call makes sense since we are reaching the support line of our bull parallel channel just recently.
I will update the idea to see how it went (target or stop reached).
That's all for today. I might update this idea in the next days so you should follow me if you don't want to miss it.
Feel free to comment your opinion and thoughts !
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Accepting commissions : TradingView pinescript development, reverse engineering
LONG TRX - If desired entry point reachedDisclaimer: I have no opinion on Tron, its project or their team. There is no bias here.
I am not going long unless my orders hit, highlighted in the green speech bubbles.
So what are we looking at:
Tron has almost retraced 78.6% since its All time high
Tron has almost retraced 78.6% since its April high
A large retracement for any asset however most of the "top tier" coins are holding their own around these retracement levels...For me the first pointer to a good entry zone review
Weak bull div on 6 hourly RSI had little effect on price, continued lack of volume, point one for belief of wave B of an ABC retracement
RSI up ticking from sub 50, does have a wee downtrend to break on the daily which could get us to the low we want.. though I don't think much of diagonal resistances on short timeframes
MACD just crossed up on 6 hour, hasn't crossed up yet on the daily.. Further decline before the uptick? Possible.
Counter: 20, 50, 100 EMA on daily are all gapped above price quite considerably which does give it some potential upside movement towards the 61.8% on good volume, but we really aren't seeing any volume so I have disregarded this for the moment
So why am I waiting to long..may repeat myself
Because getting a good entry is important. I prefer Blackjack for my degenerate gambling.
Lots of resistances in confluence:
Volume is still non existent, a bleed out of price continued is perfectly believable, again possibly in wave B of an ABC down leg
20EMA on 6 hourly potentially forming resistance
Tron yet to break back above the 61.8% fib (from April high) though prior data shows us it has taken Tron a few days consolidating just under the fib until it breaks up..however Tron had way more volume the previous times it was trying to do this, also most of the breaks to the upside have been part of an uptrend, not a downtrend..which is what we are in.
VPVR lining up well with our primary entry point
Most coins are testing or breaking their 78.6% fibs, patterns are patterns at the end of the day & should be considered on a circumstantial level
My orders are in strong support zones
We may never get our orders hit, BTC could go bull mode here & the market will boom with it - if this happens though - then we haven't lost anything.
Furthermore, as you will see below, my stops are quite wide. This isn't my normal approach but it is what I am comfortable with based on entry prices & volatility potential at those levels.
Entries: 539 & 439 sats
Stops 485(-10%) & 410 sats (-6.5%)
Exit: Close 50% of position at 620. Move up stop, let the rest run, if we go full bull market mode then I would expect to close the rest above 800 sats.
This is not financial advice. Just a log of my thoughts.