Crypto pairs still yet to pop... channel formation looks near completed... Over the next years expect an estimated 10x plus on returns.
This means Bitcoin will loose some strength to Tron in due time. So far BTC/USD has gained approximately 20x (near 66k) from its previous bear-trend low of near 3k. If market starts a new bear trend in the period this pair finds its breakout then there may be a correlation to this pair, this is a possibility I will be watching out for too.
Thanks for sharing ....Iam a big noob in crypto and in charts...what are you saying ....wil tron go up this week, or afther a month, or year? sell hodl?
GrowthSpur
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@cloudsunrise, Thanks for supporting! I'm assuming you are familiar with Binance platform? Best place to trade crypto and most trustworthy out there that does not require a hefty deposit.
This is a buy and HODL investment, could take a year or more to shoot but when it does it will be sweet. Take Doge/BTC for example, that shot up and gave a 33.6x return on current high. So imagine if you invested just £1000, that is £33,600 after breakout top so far. Hence expect a big rise on this one and don't miss out this opportunity. Will be looking at other crypto pairs yet to breakup and posting them when I can :)
cloudsunrise
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@GrowthSpur, Thanks for the fast replying...do you think tron wil go up this year 0.30 or higher ...I know you cant see in the future. Tron did not doing anything in the last 2 or 3 years. Again thanks replying thumnps up .
GrowthSpur
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@cloudsunrise, Which Tron pair, there are many, TRX/BTC, TRX/USD, TRX/USDT, TRX/PLN, the list goes on really but all have their own charts.
@cloudsunrise, I am hoping you have not entered a buy investment on this around current areas. I don't know if you know much on technical analysis but on analyzing the chart for this pair I see market already made a massive 26.8x bull run from trend low. I would not expect any much further than this right now, though anything is possible. A bit like ETH/USDT which is currently sitting at 32.2x profit on this run. This market has given similar x in numbers like similar markets on a bull run.
Even if market were to go up again right now it would be a gamble in a buy unless you margin trade, in which case you would need to analyze market on lower timeframes and be at minimum a swing trader which means you cannot sit and forget it and you would need to apply proper risk management. As you know the idea is to get in low (for a buy trade/investment) and sell high, you do not need to dwell on specific figures because nobody knows the actual figure where a market will top or bottom at.
Right now TRX/USDT is considered high for a buy/bull investment. I will show you the chart of this market so you see where one should have actually made a buy entry for the big bull run if they had analyzed and used technical analysis beforehand. I do not margin trade crypto, I simply invest by entering bull market at breakout zones. If you entered a buy this high then it is either you hope there is more upside on this run left, exit or hold this and enter a market around breakout zone so you can get your 10x plus returns on the new entry or simply just hold and wait for the market to sink your investment for the next bull run which may be years and years to come, meanwhile you may be in negative balance while you wait for the next bull run. I hope this makes sense to you.
Even BTC/USDT is showing pretty much the same pattern/channel;
@GrowthSpur, mine entry i did was on 5 to 6 cents....so should i just hodl? Thanks for your time and patience.
GrowthSpur
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@cloudsunrise, Your entry is not ideal for me hence the options given on what to do. As it is your trade, you have decide what you want to do with it, i've provided you with the basis on how I go about trading/investing. So now up to you which option works better for you in this current trade.