TRBUSDT trade ideas
Mock Up Price Action for TRBUSDT | Mid Term (12HR)Mock Up Price Action for BINANCE:TRBUSDT | Mid Term (12HR)
- Watching and waiting for opportunity to enter short
Personal Approach & Base Chart Setup
- Stacked Parallel Channels for Grid of Confluence Points
- High Time Frame (HTF) Fib Extensions, Retracements, & Time Cycles
- Red Filled Horizontal Rectangles between areas of major Fib level from Extensions and Retracements
- Price Label Callout with Red Circle highlighting points of interest where I'd consider making a trade
- I will consistently monitor and adjust taking into consideration long/mid/near term price action and market conditions / news
Why BITCOIN ain’t going to 100k by 2024Evening fellas, and happy new year.
I figured I’d leave a final post to wrap up the year and throw a cold bucket of water at some people out there.
This right here, is the reason Btc ain’t going to 100k next year or anytime soon.
Impossible.
I didn’t long, I didn’t short this coin I missed out both ways, but check it for your own sake and let me know what you think.
I ain’t god, just a simple trader making his little money here and there but when it comes to trust, I trust myself only. And not the idea that btc and the crypto decentralized market fails to provide.
Trade thirsty.
✴️ Tellor Grows 8,423% Within 204 Days...What lessons can we learn from this one?
What information can we extract in preparation for what is coming to the rest of the Cryptocurrency market?
Believe it or not, this new ATH/High/Peak is part of the correction; an irregular correction.
✔️ The first thing to learn is that Cryptocurrencies cannot be underestimated.
✔️ The second thing is that is clear is that this pair is highly manipulated.
It would be really hard to catch the top if not impossible... It's been only 1 hour since the top hit and it is already 60% down... Crazy! (Even more as I write/publish this.)
We know the next Cryptocurrency bull-market is going to be ultra-strong, but we know this even before seeing this chart.
The main lesson we can extract from this one is to aim high!
But planned, because greedy can cause a big win to turn into a nasty loss.
This pair is very likely to start a massive correction... What does this say about the rest of the market?
Namaste.
TRB Special extreme alert on STIC indicatorThe STIC indicator is showing Ectrem level 3 and a special extreme alert on the daily timeframe. Even though long-term it is bullish, I will still expect a potential minor or major correction.
Trade smart and wait for a retest of the market flip line before you consider FOMO long again. protect your profit, I will say.
TRBUSDT About To Hit New ATH!TRBUSDT formed a cup and handle pattern on the daily chart, with price nearing the neckline. The $164 level, a previous ATH resistance, awaits above. A breakout could trigger a significant bullish move for TRB.
Buy zone : Below $120
Stop loss : $88
Take Profit 1: $160.00
Take Profit 2: $220.00
Take Profit 3: $400.00
Regards
Hexa
Tellor (TRB) / USD - Hidden bullish divergenceThe market seems to be effervescent all of a sudden. What pops next?
A number alt coins are showing overbought conditions, nothing is oversold at the moment. So what do I do with my profits from something that is knowingly overbought? (Dogecoin I’m thinking of you).
That answer is I move profits into the next most bullish looking position that is yet to become overbought. It is not easy to do, however, if you ignore emotion you can really magnify your overall gains.
On the above daily chart there is a Hidden bullish divergence in price action with the oscillators. A lower low in Stochastic RSI as price action move higher = bullish.
Furthermore RSI support was recently confirmed again for the third time in as many weeks. This support looks set to continue through until the month of May.
On the weekly chart below, still some hours until close, however watch closely - not many alt coins are looking this bullish. Should the weekly candle close such as it looks now with little to no shadow above (wick above candle body) - it suggests to me a strong move to the upside will be next.
1st target $76
2nd target $140
TRBUSDT ATH Alerts: Good news for the bullThe TRB market has exhibited a series of bullish technical formations that have not only piqued my interest but also suggest a strong upward potential. Let's get into the details.
Upon meticulous examination of the TRB/USDT chart, an impressive ADAM & EVE pattern has emerged. The price has decisively broken through the NECKLINE, a classic confirmation of bullish momentum. The projection for this pattern suggests substantial upside targets, which are delineated on the chart as immediate pattern targets.
Further analysis of the wave patterns reveals that TRB is progressing from wave 2-3 into a critical stage of wave 4 to wave 5 transition. This phase is particularly intriguing as it encounters only minor resistance, following a retest of the previous All-Time High (ATH). Given the current bullish sentiment in the market, I anticipate a breakout upon the next encounter with this resistance level. The detailed targets for these sub-waves are indicated on the chart as targets 1 and 2.
In addition to these formations, a falling wedge pattern has also been identified. The significant volume accompanying the breakout from this pattern instills confidence in the potential for TRB to surpass its ATH.
The optimal strategy at this juncture is to adopt an accumulation stance. Investors should consider taking positions at current price levels and continue to accumulate down to the immediate demand zone.
The confluence of bullish indicators makes a compelling case for TRB's upward trajectory. Should these technical patterns fulfill their promise, we could witness considerable price appreciation in the near term.
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TRB Breakout Now- Long to $280Hey everyone,
TRB is getting ready for another energetic move! For the past day, price has been consistently rejected by strong resistance right around the area of $243. This introduced another bullish pennant formation, which we are currently working to break out of right now. Considering the volatility in the markets, I'm staying cautious here... waiting for a retest after the break to confirm a safe long entry.
I'm actually a little surprised that it held here. I initially anticipated a reversal based on the overall market, but we have been steadily trying to push up which gives some confidence. That being said.... even if it's a dime piece of a trade, always remember to be mindful of risk and to trade responsibly. It could turn around at any moment.
Entry: 243.62
TP1: 255
TP2: 280
SL: 237
TRB - Still Strong 💪Hello TradingView Family / Fellow Traders,
In reference to my previous analysis (attached on the chart), TRB has broken above 140.0 and traded higher.
Now, what's next?
↗️ TRB is currently overall bullish from a long-term perspective, trading inside the rising blue channel.
📈 According to my trading plan, as TRB approaches the lower blue trendline, I will be looking for bullish reversal setups on lower timeframes to catch the next bullish impulse.
🎯 As the next bullish impulse begins, our target will be the 300.0 round number marked in green.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
"All strategies Are Good If Managed Properly!"
~Richard Nasr
TRB LONG - 15m Bullish Pennant On the 15 minute chart, TRB is forming A bullish Pennant that looks like it's breaking out to the upside at this time. Fib projection places the 2.618 at the range of $235 to $245. Current price action is sitting at all time high so I consider this a risky trade.
Entry: 206.49
TP: 244.6
SL: 201
📊#TRB is hopeful to challenge ATH🚀🌕🧠If we look at the daily level, we can find that we started to rise after completing the daily K-level adjustment. At this stage, we have successfully broken through the turning point, so the previous high will most likely be broken through. If the previous high is successfully broken through, Then there is hope for ATH to be broken through.
Let’s see 👀
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✴️ Tellor Double Top Confirmed! 9-Nov Tellor (TRBUSDT) produced a peak and moved to produce a retrace (small correction).
This 9-Nov top is the "orthodox" end of the bullish wave.
As part of an irregular correction, TRBUSDT produced a higher high based on a candle wick today, 20-Dec. This session ended up closing below the 9-Nov peak price, signaling that the top is in and a major correction will now develop.
Additional signals supporting bearish potential
➖ Highest volume came in both 9-Nov and 20-Dec, in both cases the session ended closing red.
➖ 20-Dec session (today) produced a very strong higher high but ended up closing lower. So a higher high based on candle wick but lower high based on candle close. The closure is the relevant signal.
➖ Very strong bearish divergence with the RSI. The RSI peaked 23-Oct while TRBUSDT peaked 20-Dec. A two months long bearish divergence.
Marketwide signals
➖ Bitcoin trading near its high for more than a year.
➖ ALTSBTC going bullish (this only happens when Bitcoin either topped or is about to enter a correction after a major bullish wave.
➖ Smaller Altcoins going extremely bullish. Small and medium-sized Altcoins only grow after the major Altcoins are done with their growth.
Conclusion
Buy low to sell high.
This one is pretty high up. Tellor grew more than 2,000% from its June low. This is great growth, great action and we love it, but the market moves in waves... It goes up and down, up and down... It went up strong, now it is very likely to go down for long.
Namaste.
✴️ Tellor | Double Down (Elliot Wave Theory)Good evening my fellow Cryptocurrency trader, I hope you are having a wonderful day.
Correction potential for Tellor (TRBUSDT) remains intact.
The current rise is low volume and still trades below 143 or the 9-November peak price.
If you look at the trading volume it is exceedingly low compared to previous price action.
Looking from the Elliot Wave theory perspective, we know that the highest volume happens on Wave 3 of any impulsive move.
Looking at the bullish impulse, we can see high volume on Wave 3 while volume is low on Wave 5.
The perfect 5 wave count also points towards a correction next.
Now, the correction can be irregular as we are seeing with Chainlink or with Bitcoin's peak in 2021, meaning a higher high on Wave B. Or it can be a classic one where Wave B ends in a lower high.
Make sure to allow room to adapt for variations.
Bearish potential is high after a strong 1,830% rise.
Namaste.
TRB - Catching The Next Impulse 📈Hello TradingView Family / Fellow Traders,
As per my last analysis, we know that the correction phase started on TRB as the red channel has broken downward.
📈 According to my trading plan , as TRB approaches the 100.0 support zone and the round number, I will be looking for buy setups.
🏹 For the bulls to take over and start the next impulse movement, we need a break above the last major high in blue.
🎯 In this case, a movement to the 140.0 supply zone would be expected.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr