The TREE COUNT for Shorter Term Traders:
The symmerical triangle consolidation has certainly played out the "Hurry Up & Wait" scenario. The lateral symmerical triangle is at a state where price is quite proximal to the apex. Often, breakouts in such conditions provide a sustainable uptrend reversal.
The abcde red waves delineate the corrective waves which might be complete.
The nature of a correction allows a trend reversal and it starts with a decisive breach of a pattern and then an impulse round of waves. The abc can be seen as already or nearly complete. If this is the case, then an impulse (white) waves can be traced as shown.
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We should be used to the roller coaster ride if we are trading in crypto, Tron is not exempted in this avenue. As @haejin discussed, the triangle pattern nearly complete then aftr that will be the usual rise of the coin. Its hightime now to own a considerable amount of TRX. 👍
There is no any triangle pattern on Tron if you watch the chart on other exchange:)
But I agree with @haejin due to upcoming move up:)
https://steemit.com/cryptocurrency/@andriustovis/tron-update-big-move-up-is-coming
Not sure exactly how your ABC works; but if Elliott Waves based, then the channel would usually have abcde.
I'm not 100% Eliot wave trader. My abc is corective structure of 2nd move as you showed, but here could be a bigger abc corective structure with abc in the middle. Not always you will see 1,2,3,4,5 moves up as Elliot wave theory says, sometimes it can be just 1,2,3 corrective move.
Why all your analysis are so optimistic?
#BTC continued its decline and is now trading near the $ 9800 mark.
There is a possibility that the cue chart, like all crypto currencies, formed the "bubble blow off" scheme. This has already been two times: a fall from $ 32 to $ 2 in 2011, and a fall from $ 1175 to $ 230 in 2014.
Now 2018 and I'm guessing blowing from $ 20,000 into the $ 4000-5000 zone. Yes, there is a future for bitcoins, but realities at the moment are not the most positive. As they say, everything is cyclical. And now. The market punishes the weak and greedy players.
From a technical point of view, the trend is still downward, the trend line is not broken, and therefore further decline looks very logical.
Yes, the critical juncture is for he upper trend line to be breached. IF the inverted H&S pattern completes and confirms with Neck Line breach at $12k; it'll be ideal!
Keeping powder dry and frugally laddering into lower lows would help provide better psychological and emotional balance.
You just made my day I got in at 3cents during the infamous dip
I hold some tron, a lot of people say sale it, I didn't even sale it when it was .30 cents. I should've but I'm holding it for the long run.
Please let this end...Tron will rise like the phoenix it is....
Agree with you:) https://steemit.com/cryptocurrency/@andriustovis/tron-update-big-move-up-is-coming
after march Bitcoin price will improve
After March, Bitcoin's price should improve. Though I do believe we may have at least one more major Crypto blood bath before a strong recovery. IMO. This blood bad at the moment seems like a mild correction.
What I believe is that those days are over when the BTC price was going up in every day. It will slow and steady now. Have some patience and relax. No need to panic in this short term up and downs.
Would love me some Tron mooning
Thank you
Thank you for keeping my hopes high on Tron.
Hope it rises soon!
It will, don't worry. You can check my analysis to feel better as well:) https://steemit.com/cryptocurrency/@andriustovis/tron-update-big-move-up-is-coming
Please don't advertise in my blog comments. I welcome all genuine inputs but advertisements belong in the Promoted section of Steemit.
Ok, won't do that again
I am always humbled and captivated by your sound and vivid explanations about cryptocurrencies.
This always makes me wonder, if I would reach that expert level in cryptos.
My bag is heavy but I am optimistic with your TA on this coin.
$HTML please
You have actually giving a piece of training for trading. I of many people who would have and are paying an arm and a leg just to get information like this. I f they were to come to steemit and follow you I'm sure they would receive way more value then they do right now.
As long as we are giving him up votes; it almost like paying him but with steem dollars!.
True but he's giving first and we are choosing to pay him because he's giving good advice
If you want additional educating information, check my profile! Here is my view on Tron https://steemit.com/cryptocurrency/@andriustovis/tron-update-big-move-up-is-coming
Please don't advertise in my blog comments. I welcome all genuine inputs but advertisements belong in the Promoted section of Steemit.
I hear so many people saying how they are tired of Tron and want to dump it. Folks, that is the worst thing you can do. You've come this far and want to sell at a loss now? Makes no sense. Just forget about it for a couple months, and when the total market cap comes back to it's potential glory, then make a profit. Don't take a loss now. You cannot lose if you don't sell, and Tron is here to stay. Justin Sun is clearly building what might very well end up being one of the biggest tech teams in the crypto space. It's not an IF Tron will be huge, it's only a matter of WHEN. Nobody knows when, and haejin's charting is fantastic, but not even haejin can tell you when, so trade with other altcoins to your heart's content, but HODL your Tron. Also, it is these folks giving up that are basically giving their money away to the bots and whales, which by the way, is the very intention of bots and whales, to frustrate you until you give up and take a loss, because that is how they get richer, from your money when you sell at a loss.
I like your emotional fortitude! Having cash at hand also helps because it empowers you to wade through the panic sellers and buy. Priceless!
Well said my friend
Pet’s Planet is a very new game on Game.com, and it’s fueled by TRON (TRX). This TRON (TRX) Dogs game was launched as chinese version which is similar to the Ethereum’s version of crypto kitties. English version is now avaialble.
Ethereum’s Crypto kitties game was causing network overload for Ethereum transaction and similar popularity of TRON Dogs may boost the popularity of TRON many fold. As earlier adoptor of crypto kitties are selling their cats at very high price. Similar popularity of TRON dogs may lead to huge success in your investment.
I'm glad you chose to do this in a information, I look forward to listening while a work during the day. followed.
I have the same view on Tron:)
https://steemit.com/cryptocurrency/@andriustovis/tron-update-big-move-up-is-coming
My body is ready.
Always great info. Thanks @journeyfreedom
Good one sir thank you for sharing this sir
Haejin the goat even after he down voted me 💹
Hahaha
would it be wise to buy it now? or wait till tomorrow?
Maybe you should scale in. Buy 20% now, 20% later, etc.. That way you will average out your buy price. Regardless, even if you buy now and Tron dumps another penny or two, it will still be back into profits when the total market cap of cryptos returns to glory.
good information. thank you.
Thanks for share and let me see its chart then i buy today i am a day trader😊😊
been wondering to dump all my tron because i feel like losing but you clarified all things! thankss for the analysis sir @haejin
Don't dump your Tron now if you've already come this far. See my long comment above. The bots and whales are trying to shake you down and force your sell. Don't pay them off. Your patience will be rewarded in time.
Спасибо
Еблан, тут английским языком вообще-то разговаривают.
Спасобо!
Nice post dear @haejin. I follow u and u also upvotes me plz.@sohailharoon
time to load more trx
@haejin ..haha nowadays the bitcoin is THE TALK OF THE TOWN.... everyone is curious about is value in upcoming months... But seems that its value will increase in march...
Best of luck to all... Thanks for sharingggggg
The next network effect move could be the Wall Street Hedge funds.
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fly to the moon
I also think TRX will start an uptrend soon but not so much because of triangles but rather because they will launch mainnet sometime in Q1.
I think the uptrend will wait until then.
thnk you! i guess now we have to wait......hodl :)
That's a lot o' spam!