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. 👍
RE: TRON (TRX/BTC): ABCDE Nearly Complete
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TRON (TRX/BTC): ABCDE Nearly Complete
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
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Not sure exactly how your ABC works; but if Elliott Waves based, then the channel would usually have abcde.
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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.
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Why all your analysis are so optimistic?
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#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.
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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!
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Keeping powder dry and frugally laddering into lower lows would help provide better psychological and emotional balance.
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You just made my day I got in at 3cents during the infamous dip
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