TRON (TRX): Breakout Expected at Any Moment!!

in #bitcoin6 years ago (edited)

SUMMARY

TRON (TRX) is so close to the apex...right on top of it! Price is at imminent explosion timeframe because the symmetrical triangle's contracting line entraps the price and reduces the mobility until the agitation of all the buyers cause geyser like release of buying frenzy. Even amidst a correction, such price breakouts can be seen. Let's see what happens to TRX's overnight price action.

The vintage impulse waves (blue, 1,2,3,4,5) depict a classic setup of five waves up and three waves retracement. The time of the symmetrical triangle seems to suffice to meet the Hurry Up & Wait syndrome's requirement.

Legal Disclaimer: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--

If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 1HMFpq4tC7a2acpjD45hCT4WqPNHXcqpof
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LecCNCzkt4vjVq2i3bgYiebmr9GbYo6FQf

Sort:  

Low ratings?

@kimjongpoo is coming for you!! Ignorant master will never reply to a petty fool like you!
image

Thank you. I think that TRON is worth buying after another short correction, so I will wait a bit more on this one. Massive profits, everyone.

Why is it worth buying? Is every coin you hold gonna pay you some dividend at the end of the year I don't know about?
Guys, wake up. Don't buy anything before BTC has hit $ 9.000,-- or far far below.
Risks are way to high. And if coins ever come back, there will be enough good choices to make!

You are right, I don't plan on buying TRON soon (although I have said''another short correction''). I still think that the crypto market will recover quickly enough, although you are correct about many things you've said in one of your post above. Concerning TRON, I may jump in if it falls below 0.035. But it all depends on where bitcoin is during that time.
And please, keep posting - I really think that your opinions are valuable to the community. Cheers.

Why you are so confident in Tron?
I followed it for some times, and it seems all around big announce and things like this, nothing else.. And that's why, in my opinion, it is returning at the same value it was before the pump..
I read also the whole whitepaper and i found it not so clear..

I'm really interested in your opinion, i'm not just saying that Tron is shit or stupid things like this.. :)

Well, my opinion on TRON is based on speculation, not so much on some solid fundamental analysis. I have skimmed through the whitepaper and was thinking that TRON will garner a lot of traction in the future (that was at the end of November when TRON was merely 0.002 cents). I did not expect it to grow this quick and later regretted not buying it. So, if it goes to 0.035 or so, I will buy some - it is like I am being given a second chance (but as of writing this reply now TRON is the only coin among the top 20 with some (although quite modest) percentage growth today). I would not hold TRON for long though - in the long run I support Ark, BitShares, NEO, and Steem, of course. However, there are some other coins such as dragonchain and YOYOW that I might be interested too, but I need to do more research.

Do not think btc will go down to 9k$, maybe $9,500 ... I hope so t buy cheap but I think we are in some consolidation mode before a rally, it will start going slowly to 20k$ again and then go up straight to 30k$ when big money will come in crypto. Just my opinion ...

it reached below $9100.

I bought in when he suggested prices were “imminently” going to explode at 0.1 btc. Now it’s halved.

same here xD should have more laddered and taked nipples, but i was to euphoric

Done that too, triangle seemed obviously done, but we're in a complex correction, or just a deeper correction, that's always a possibility you have to be aware of. Just hodl, it's gonna go up. Just wait a few months if you just want to see profits and do not like looking at your coins going down ;-)

You must have lost lots of money... too lazy to do your own DD! No Lambos for you!

Why are you buying without doing any research other than using somebody else’s educated opinion? That’s called gambling, and if you can’t own the loss, then don’t do it. This is not exact science, it is technical analysis.

well, you're an idiot for blindly jumping in for XVG shit coin. There's too much BS associated with XVG. Read up before you put your money into it. TRX is not going to explode at any moment, either. And i knew it wasn't the last time he said it was. There's more correcting to do. We'll be trading sideways and down for another 3 weeks is my guess. Although - not knocking haejin at all - he's right more times than not - way more times than not. Way Way more times than not.

So because of the word imminently you bought in? Lol

Thanks for the update!

I really like his update and all, but I wish he considered the market situation when making predictions, not just purely rely on the shape of the graphs...

What did u eat last night, you are shitting all over the place. Community please upvote to get this guy medical help!

You must have lost lots of money... too lazy to do your own DD! No Lambos for you!

I f*cking hope so!!!

Relax, this is simply a correction brought on by Weak Hands and some Government intervention with regards to Bitconnect, China rumor or banning Bitcoin and South Korea ban on Crypto exchanges. The only thing that came true is Bitconnect closure & Weak Hands.

South Korea Ban? No, Government just want to make sure residents pay there fair share of taxes.

The flushing down the toilet of the #bitconnect was a matter of time. And that damn ICO was merely a money grab, pure and simple.

STEEMIT-BLOGGERS-GIF.gif

Korea isn't banning exchanges btw in case anyone is wondering.

Loading...

Tron is doing a great jog. I still believe in that project and the people whos behind tronix. Hopefully the partner will be jack ma aka alibaba

@kimjongpoo is so sorry! I did not mean to offend poo! Doo doo forgive me??
image

Whats the hell is this

What is wrong with ur post? Why I cannot see the graph

@kimjongpoo is coming for you!! Ignorant master will never reply to a petty fool like you!
image

It's amazing, the amount of optimism your market analysis makes.

STEEMIT-BLOGGERS-GIF.gif

Coin Marketplace

STEEM 0.29
TRX 0.12
JST 0.035
BTC 65916.61
ETH 3431.41
USDT 1.00
SBD 4.66