Do-OVERS. As a constant perfectionist I found two errors in my last posting of this same anlysis. I couldn't handle it. MY OCD WAS OVERTAKING ME.
Here it is again tho :).
Hello fellow cryptolovers, I want to share what I think will happen with TRX/BTC -7.07% in the next 6 months or so. I believe very strongly in this project, I think it has potential to reshape the internet, it has a GREAT group of developers from well known companies like Alibaba, and it's currently at a balling. Ass. Price. Why are you not buying more? Honestly. Ask yourself this question. If you're talking to joe-schmo and he calls this coin a shitcoin, laugh in his face and think about rolling in the pools of money you are soon to make, very Cartman-esque.
Anyway.
As far as the actual analysis, I believe this coin can hit .0001BTC if my targets are correct. Nothing is guaranteed, I don't claim to be able to see the future. However, based on a little Elliott TA we can see that these targets are not out of the realm of possibility. Not only this, but BINANCE:TRXBTC -7.07% has two notable events in the near future:
1) Test-net (beta-net) launch on March 31st. This should affect the price significantly upward over time. 2) Main-net launch which has been pushed up to May 31st due to advances in the project.
I strongly believe this is an opportunity that does not come very often. As always, DO YOUR OWN RESEARCH. If you like the coin, it has a positive outlook, and can be a benefit to people in the future, make a logical decision and go with it. If you lose money because you FOMO or whatever, I can't help you.
The only thing that slightly worries me is if we do NOT see a reset on the MACD and the StochRSI to cool off a little. This could really diminish the veracity of the upward movement and may result in only the target 1's being hit. See the Sun ladies and gentlemen and anyone in between.
Please let me know what you think of this analysis and what I can do to improve.
Thanks!!
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And just like that, we bounced off of target #2 - .5 Retracement levels.
well if that happens, I'll be happy. But I don't think the 5th wave will be that higher
alexghs07
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@Oenz, I agree it's a stretch. But if we bounce off shorter retracement levels, volume comes with test-net and main-net launch, It isn't out of the realm of possibility.
Oenz
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@alexghs07, If this happens, Tron will be #2 with 70B marketcap. That's huge for the current market.