Tron (TRX) Still looks bearish, sub 370 level looks likely.

The last few trades have been quite good, so far I have not lost money on a single public trade. You may view the trades in the related ideas section or just click on my profile. I have made 27.74% off XRP and so far 5%+ off Tron.

Tron has recently topped and is now having a correction to the downside. I expect this to last until 370 at the very least, as that should be a normal retrace during a bear market.

Therefore, you may hold your short with a stop loss above a bear fractal.

If you are not short, it may be wise to enter with a small position. We should be getting a bounce soon but I would not bet on that. Tron in theory should not be breaking 395 anymore and we should be seeing 370 within the next few days.

Reasoning:
Classic topping pattern. (0.382 to 0.236 then drop below support)
Volume picking up during uptrend, meaning many people bought the move up, not the bottom. This means if price fails, it will be tough to break new highs for a long time. At the very least we need a bottom for Tron, and I believe that will occur at 370 sats on Binance.

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Comment:

I am short Tron right now but long term it actually looks quite bullish. I will be buying Tron at lower prices.

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As I believe the bottom for Bitcoin is not 6000, I can see Tron beneath 270 satoshis and, if we are lucky, maybe sub 100.

It will be a good time to buy million of Tron in preparation for the next cycle. If Tron is still around by 2020, this coin will have a much better ROE than Bitcoin.

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2% profit so far. If you want a safer stop loss you can move it to 395, which is above the bull fractal.

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Just broke bear fractal.

Just short the bounce. We should be heading to target now.

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Bounce happened. Perfect with hidden bear div. Short for as high as you can. Should not break 405 and 417 on Bitmex.

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On Binance should not break 409 and 395

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If Tron follows past pattern, it will test this price again. Do not miss the chance to short.

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Algo on bot forcing this pattern. This pattern is same for long term EOS/TRX.

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Please click this idea and view for yourself.

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We will be going long once Tron hits 370 on Binance. I expect 9% profit from the long.

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Either this is the bottom before correction or 370 is bottom. Either way even if you are wrong a short at this price will make good money.

Tron will reach 406 at some point.

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I do expect 406 sometime again if bitcoin does not drop past 6k.

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Click on the idea to view for yourself. 370 below should be the zone to buy on binance.

This is only active if Bitcoin can stay above 6k.

Trade active:

Guys. If you are on Bitmex, there is literally free money right now.

Many longs liquidated. Just buy them.

Comment:

6% gain completely free.

Trade closed: target reached:

Do not be greedy and take profit. If I made you $$$ send me a tip.

I had a 3.4 million tron short that closed 350 and I am long tron 335.

Today alone I have made 17% of my entire account. :D

Crazy. Might be a record for me.