Look like standart cicle, waiting for 50% fibonacci after 61.8%. Good opportunity to short
After BTT tokensale on January 28, we can see dump of TRX , from those who did not have time to go on the sale and have already received the airdrop tokens. Be careful and put stop losses.
TRON’s $1 Million Contest Looks Like a Massive Pump Scheme
Team and the BitTorrent Foundation were allocated 19% of total supply
TRON Foundation received 20% of issued tokens
BitTorrent Ecosystem is allocated 19.9% of issued tokens

For better control of the pump and dump schemes, Justin leaves himself with almost 60% of all BTT tokens, and the airdrop will artificially swing both TRX and BTT . Great layout, isn't it?
I’m going to be safe and watch this until January 28, until the tokensale ends and airdrop is waiting for us on February 11th, 2019, and trading on February 12th, 2019.
There are also great news from the BitTorrent Foundation, as they’re telling that they reserves the rights to change terms of BTT airdrop at any time in its sole discretion. I look at it and do not understand how people are being led to this garbage
Trade closed: target reached
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Related Ideas


I have similar idea for tron , based on elliot waves.

+2 Reply
zutta Crypto_Anarchist
@Crypto_Anarchist, bang on mate , I'm leaning towards a shallow C, 570-600 sats ill be out of short trade.

shaping up nice on the TRX/USDT chart. a lot of patterns converging in the same area ,

my idea that could play out ....
@zutta, I think the trx price movement will be sideways till Feb 12 and once the airdrop gets done, we will see a massive drop. ( Probably reaching my targets in a day or two )
Don't understand your fundamental reasons, you are shorting Tron since 10 days ago, you are not bullish on the BTT token which has the chance to be a mass adoption project (I know more and more people that are installing BitTorrent to start sharing files so that they can be compensated with tokens in the future).

The TRON ecosystem will continue to grow as more users flood in and the DAPP floodgates open up (look at the TRX/ETH chart).

Normally you are bullish on a lot of shitty coins with uncertainty projects (like for example your review on polymath that apparently is going to be removed from KuCoin) and that’s strange for a person that gives so much importance to fundamental analysis. 

Keep trying…
+1 Reply
sukovsky genesislord
@genesislord, sure bro. Watch this shit plummet like every other airdrop shitshow marketing pump. It's in the name. AIR
majic92 sukovsky
@sukovsky, tron is like etherum as long as devs need token tron will alive.
"and have already received the airdrop tokens"

Air drop is later. Just so you know.
+1 Reply
It hit my exact target master.. 30% profit
+1 Reply
TheEWGuy TheEWGuy
@TheEWGuy, i am looking for 500 sats here
+2 Reply
Looks like it, good analysis. What is the best exchange to short off of in the US? From what I see, Kraken allows for Margin. Binance is great but no Margin that I see.
+1 Reply
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