Intuit

TRXBTC In Major Harmonic Reversal Zone, Alt Season Is Coming

Long
BINANCE:TRXBTC   TRON / Bitcoin
TRXBTC is in a major harmonic reversal zone which most likely means we are getting very close to the beginning of another "alt season." This feels extremely similar to march 2017 when there were similar patterns on LTC and ETH. The USD price and BTC prices on many cryptos is diverging in such a major way that hasn't happened since early 2017. It's only a matter of time now before we see a major reversal happening.

As I said in my XRPBTC chart, the transaction fees on BTC are continuing to skyrocket along with the price. Soon the transaction fees will be near their all time high of 54 USD to send a bitcoin transaction. That is not viable as a currency and Lightning network is still not ready for full scale adoption 2 years later. It is trivial for people to convert their BTC to faster, cheaper alternatives. Not only is tron significantly faster and has cheaper fees, it also has a turning complete smart contract platform that supports multiple coding languages and is backwards compatible with ETH smart contracts. It also isn't distributed around a handful of chinese pools and hardware manufacturers. Among tons of other advantages like significantly better leadership and better development teams.

The fundamental advantages of next generation cryptocurrencies are clear as day, and the market is about to get a wake up call soon.

⚠️LIKE AND FOLLOW⚠️
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.