Most altcoins don't look good right now. Yes, they can grow up, but they can also fall a lot.
So the risk/reward is bad. Altcoins are subordinate to bitcoin, so you need to look at it first.
You can try to take a TRX for a small part of the capital.
He is consolidating, and we are positive about Bitcoin. Therefore, it makes sense to consider.
Stop loss if the...
TRXBTC is in a similar diametric pattern as XRPBTC was in right before the 2017 bull run where XRP increased over 500x against the Dollar and 50x against Bitcoin (see attached chart). It remains to be seen if this pattern will repeat on TRXBTC. If it does TRX could increase over 1000x against the Dollar.
Tron (TRXBTC) has been in a bear market for the past 3 years... Amazing, in a bad way.
But, is it over?
Recently TRXBTC hit 72 satoshis as a new low, this is the same level that was hit as a high when this pair was introduced to Binance back in October 2017.
This is not the best of signals... But this might be it.
The RSI is ultra-low which at this point can be...
TRX Bottomed out, has consolidated and been accumulating in the lower 90's region, looks set for constant growth with the possibility of parabolic growth based on the upper buy lines. Also lots of support from r/wallstreetbets as TRON has been a supporter of their cause. Keep an eye on this one
I got 3 signals and will definitely break out TRXBTC pair soon at the weekly timeframe. First is the falling wedge, second is the giant Bulling Divergence and lastly the MACD about to reverse. I'm targeting around 800 sats. But that will probably be more. This will happen very soon as Bicoin dominance dumps.
TRON (TRXBTC) is now finally closing above EMA50 and can start to move higher.
We are seeing prices gaining some momentum towards the bulls with good indicators, the RSI is now above 65.
We can expect additional growth as shown by the green arrow as long as prices stay trading above 100 (0.00000100).
Thanks a lot for reading.
TRX isnt the most favoreable coin out there, but it stil has potential.
Next week we are making a cross on the MACD indicator after a long consolidation period.
What could this potentially mean? A BREAKOUT out of our multi year bear period, with a huge target as destination.
Especially with the bitcoin dominance still failing, a full on '2017 like' alt season...
This week’s coin is TRON. TRON is a blockchain-based operating system that aims to ensure this technology is suitable for daily use. Whereas Bitcoin can handle up to six transactions per second, and Ethereum up to 25, TRON claims that its network has capacity for 2,000 TPS — 24/7. TRON has positioned itself as an environment where content creators can connect with...
- Impulse Elliott Wave completed on the weekly chart
- Due to rules, we should expect at least an ABC correction to the upside
- Double bottom pattern on RSI indicator
- Tron can start pump anytime soon as the price is currently undervalued
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This is a trade only for those with an appetite for high risk, high reward trades. The alt coin market has been shaky due to the major Bitcoin movement we have been experiencing since last week. Because of this reason I haven’t been trading much, just hedging into Bitcoin and my long term holds. That being said, TRX/BTC on the 4h is starting to form some really...