First off, I have found the Bitfinex charts for TRX, while they are not as pretty because they don't hold as many data points, they DO have key datapoints that other charts do not, IE the TRX Binance charts. I had been preferring the Binance charts for TRX up until the point that I saw late in the game that wave 5 on the impulse had completed, and while seeing it a little late, had lost some money on it. If you flip over to the Bitfinex chart you see the nice outlier datapoint at 700 Satoshi, thus making the correct ratios and peaks for wave 5 that I was expecting.
TRX/BTC has been preferring the Golden Ratio 1.618, 2.618, 61.8%, etc; while TRX/USD has been preferring the 78% Fibonacci ratios. For example, during the A wave of the ABC correction both TRX/USD and TRX/BTC completed a zig zag pattern 5,3,5. We had TRX/USD hitting the 78% retracement just as TRX/BTC was hitting the 62% retracement. We then had a "bull wick" in BTC, LTC, and TRX, which pulled TRX down below the 62% zone. (The "bull wick" downward action was needed in order to smooth out ratios seen in the BTC wedge fractals seen on the BTC/USD chart).
So far on the B wave upwards we have put in subwaves 1 and 2 and we are working on the next subwave. In subwave2 of B we see a triangle whose apex hits close to the 0.618% retracement value of 461 satoshi, at the top resistance line of the column. Based on the height of the next wave upwards, busting out of the downward column seen from the A wave, in comparison to the height we saw on the BTC chart during the same time, I am expecting the rest of the upwards climb of the B wave to be 2.62 of the first wave (the first wave is seen staring at the bottom of A and completing at the top of the triangle). This puts the top of B at 584 Satoshi.
Take a look at my TRX/USD chart for details, but I expect the top of B on the TRX/USD chart to hit near $0.046 USD. This puts BTC near $7850 at the peak of TRX's B wave. On my own BTC/USD chart I have BTC hitting its top resistance line of its symmetrical triangle near $7900 around April 5th. I have therefore put the top of B near April 6th. As a reference point to BTC's symmetrical triangle, you can view Haejin's steemit post from a couple days ago here: steemit-production-i...N1nZYGiyKg_1680x8400
I have completed fractal anaylsis on the BTC chart to conclude that BTC bottoms out near $5850 in around mid April. TRX/USD is in a horizontal column fluctuating between $0.023 and $0.058, since wave 5 of the 5 wave impulse on the TRX/USD chart topped out around 0.055, and did not over extend itself upwards towards $0.091, and did not bust through the upper resistance of the horizontal column, we can expect the current correction on TRX/USD should be close to 99% (we are still fluctuating within the column, we are not starting the right wall of the cup and handle pattern yet.) . For a "forest view" of the TRX/USD chart see this link; posted by Haejin on Steemit: steemit-production-i...FuVPADZ9z3aifbFMDyj9
With TRX/USD bottoming out at the bottom of the column we have it at $0.023; with BTC near $5850 we have TRX/BTC at 393 Satoshi which is darn close to the 78% Fibonacci retrace. We would therefore have wave C is 1.38 of wave A on the TRX/BTC chart.
TRX/BTC has been preferring the Golden Ratio 1.618, 2.618, 61.8%, etc; while TRX/USD has been preferring the 78% Fibonacci ratios. For example, during the A wave of the ABC correction both TRX/USD and TRX/BTC completed a zig zag pattern 5,3,5. We had TRX/USD hitting the 78% retracement just as TRX/BTC was hitting the 62% retracement. We then had a "bull wick" in BTC, LTC, and TRX, which pulled TRX down below the 62% zone. (The "bull wick" downward action was needed in order to smooth out ratios seen in the BTC wedge fractals seen on the BTC/USD chart).
So far on the B wave upwards we have put in subwaves 1 and 2 and we are working on the next subwave. In subwave2 of B we see a triangle whose apex hits close to the 0.618% retracement value of 461 satoshi, at the top resistance line of the column. Based on the height of the next wave upwards, busting out of the downward column seen from the A wave, in comparison to the height we saw on the BTC chart during the same time, I am expecting the rest of the upwards climb of the B wave to be 2.62 of the first wave (the first wave is seen staring at the bottom of A and completing at the top of the triangle). This puts the top of B at 584 Satoshi.
Take a look at my TRX/USD chart for details, but I expect the top of B on the TRX/USD chart to hit near $0.046 USD. This puts BTC near $7850 at the peak of TRX's B wave. On my own BTC/USD chart I have BTC hitting its top resistance line of its symmetrical triangle near $7900 around April 5th. I have therefore put the top of B near April 6th. As a reference point to BTC's symmetrical triangle, you can view Haejin's steemit post from a couple days ago here: steemit-production-i...N1nZYGiyKg_1680x8400
I have completed fractal anaylsis on the BTC chart to conclude that BTC bottoms out near $5850 in around mid April. TRX/USD is in a horizontal column fluctuating between $0.023 and $0.058, since wave 5 of the 5 wave impulse on the TRX/USD chart topped out around 0.055, and did not over extend itself upwards towards $0.091, and did not bust through the upper resistance of the horizontal column, we can expect the current correction on TRX/USD should be close to 99% (we are still fluctuating within the column, we are not starting the right wall of the cup and handle pattern yet.) . For a "forest view" of the TRX/USD chart see this link; posted by Haejin on Steemit: steemit-production-i...FuVPADZ9z3aifbFMDyj9
With TRX/USD bottoming out at the bottom of the column we have it at $0.023; with BTC near $5850 we have TRX/BTC at 393 Satoshi which is darn close to the 78% Fibonacci retrace. We would therefore have wave C is 1.38 of wave A on the TRX/BTC chart.
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Here is my partnering TRX/USD chart
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Check out my related BTC fractal analysis post
based on my revised analysis on that BTC chart, I am targeting BTC's low at $6260 near april 12th. This puts TRX/BTC closer to the 88% retrace down at 332 Satoshi to end the C wave on April 12th.
based on my revised analysis on that BTC chart, I am targeting BTC's low at $6260 near april 12th. This puts TRX/BTC closer to the 88% retrace down at 332 Satoshi to end the C wave on April 12th.