$TRAC @trac_btc #Ordinals — Beginning of a Wyckoff AccumulationPOLONIEX:TRACUSDT @trac_btc #Ordinals 👀
— Possibly the beginning of a Wyckoff Accumulation Range—Schematic #1 or #2 are my base case for now.
If the local range POC holds as the LPS (Last Point of Support), then Schematic #2 is in play. If it’s lost, the probability shifts toward a new low and a SPRING.
TRACUSDT trade ideas
Let's Talk About This ChartSo, this one has tested patience, undoubtedly. There has been delay, after delay, after delay. All that being said, let's look at some potential clues in the charts. On the weekly, we are closing in on (likely today) another stoch. RSI bottom. On the daily, the Bollinger bands are pursed hardcore and there could be some, potential, bullish divergence taking place. On the 4-hourly, there could be a, potential, bull pennant nearing its apex. Volume is diminishing most apparent on the daily chart. A wormhole could be presenting here the question is: is the team ready to go through it? Time will tell, but a significant move is, likely, soon to take place.
Swing//@version=5
indicator("RSI 14 Golden Cross with Volume Break MA 20", overlay=true)
// Input parameters
rsi_length = input.int(14, title="RSI Length")
ma_volume_length = input.int(20, title="MA Volume Length")
// Get weekly data
weekly_rsi = request.security(syminfo.tickerid, "W", ta.rsi(close, rsi_length))
weekly_volume = request.security(syminfo.tickerid, "W", volume)
weekly_ma_volume = request.security(syminfo.tickerid, "W", ta.sma(volume, ma_volume_length))
// Check for RSI golden cross and volume break MA 20
rsi_golden_cross = ta.crossover(weekly_rsi, 50)
volume_break_ma = weekly_volume > weekly_ma_volume
// Plotting signals
plotshape(series=rsi_golden_cross and volume_break_ma, location=location.belowbar, color=color.green, style=shape.labelup, text="RSI GC + Vol Break MA 20")
// Plotting RSI and volume for reference
plot(weekly_rsi, title="Weekly RSI", color=color.blue)
plot(weekly_ma_volume, title="Weekly MA Volume", color=color.red)
Potential 30X Profits for a very undervalued Project!One of the big projects in the ordinals world!
30x will put the market around 1.2 B which is realistically possible considering the uptrend structure for the whole Market.
Yet we can drop fast to 0.80-0.90 however its gonna be the best area to add to your position.
below .80 trade is invalid.
high risk high reward asset
I would enter now with 50% and set a limit order with another 50% at 0.90
SL below .80
Good luck for me and those who will copy this.
TRACUSDT - Large Ascending WedgeA broaening Ascending wedge can be plotted if price action following is assumed to be extremely bullish and we are currently at the bottom of this wedge.
Again an abstract idea but not impossible.
I have used price action from Ethereum's early run on the bars pattern to display a run like this.
AI coin again.
BRC20/Ordianals -Trac & Sats = Respectable Degeneracy?fun punts on possible narrative. Ordinals are New, Interesting, and have very low capital attention.
BRC20 and Ordinals has All the best ingredients to capture value
Broader crypto market still needs to become more aware
infrastructure being built now to provide ways for capital to inflow.
Whehter Ordinals and bRC20 standard is sustainable..idk. and truthfully we don't care for now.
These are respectable degenerate punts
Sats and Trac have become the two largest token ecosystems where the devs, participants, and followers have created / are creating both usable product and communities.
Trac (indexer/dex ecosystem)
Sats (indexer/dex ecosystem)
2024 -2025 could see capital infolws to this space and I think these two tokens have a chance to benefit.
Early minters are already in profit but so small with no liquidity means many have to wait for this to get big for players to really start selling.
Fun stuff, different stuff....
3 (bullish) ideas for $TRAC (BRC20)Narrative: CRYPTOCAP:BTC
BTC and the BRC-20 tokens are taking a little breather, which is certainly good for the market in the medium term. I'm particularly bullish on LSE:TRAC , a project that sits at an MC of just under 100 million and for which I believe a 10x is within the realm of possibility.
These 3 bullish ideas come to mind - accumulation at $4 and at $5 (green zones), TP from $7 (red).
Of course, things can turn out completely differently. Do not forget that the crypto market in general and the new protocols on BTC such as Ordinals, Stamps, PIPE, etc. in particular are subject to huge volatility and any project can go to 0 at any time. HIGH RISK!
NFA.
This Is Going To Be The Chainlink For BTC....This indexer project for BTC will be the governance token for TRAC-BTC. Accordingly there will be staking with lockups all with a supply of 21 million supply. The lead dev. has announced plans to do buybacks as revenue increases. This indexer has first market mover advantage and has partnerships with BITMAPS among others. Present MCAP 7 millionish! 500 million MCAP would put it at $23.80. For reference: 10,000 TRAC ($3400-3700) here would be $238,000 at 500 million MCAP...
$TRAC (BRC-20): trading and accumulating = investing into BTCThe BRC-20 token LSE:TRAC (don't confuse it with OriginTrail, same ticker) is trading on decentralized exchanges (you need a BTC wallet like Ordinalswallet, XVerse, Unisat) and on Gate.io.
It is a fundamentally very interesting project with a market cap below $10M, the indexer of the BRC-20/Ordinals space on Bitcoin. Lot of room to the upside, but, obviously, also high risk.
I am very bullish on the project and I am using each opportunity to benefit from its high volatility on Gate.io. The black lvls on the chart are the S/R areas where the price is constantly ranging between. I am selling resistances, buying supports. If it breaks the resistance I buy the retest/support and sell the next resistance. If it breaks down I buy the next support. It's basically trading 101. I make 5% or 10% a few times a day.
Bought today's dip at 37c, sold a small bag at 54c.
The green levels/areas are demand zones of different importance. Between 35 and 44c strong support. At the time of writing at $0.47, I consider this still as cheap.
NFA.
I am not selling as much as I buy tho, accumulating this coin for further upside.
DYOR. You do you, I do I.