Tron TRX is on a major Bull Run potential. I would recommend for everyone to forget about there short term targets and just stay in for long term. If you've been in the game for a long time, then do profit sells and refills along the way as you see MACD crossovers on 4H charts which is one of the best ways to track short term price corrections and retractions. With that said I guess you already figured that we personally will be staying in TRON TRX for a long time because potential for it is huge and with successful Test Net launch, current price valuation will be massively undervalued. Let me highlight 'successful' Test Net launch. That means that if something does go wrong with that release we may see price retraction in short term.
MACD still indicates ways to go, RSI indicates short term re-tracement at least to our RSI support area indicated on chart.
Members will receive more updated on this trade and when to buy or sell.
Invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
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Here's my original chart from few weeks ago
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Can I get some likes on this idea for support? Thank you!!
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Lets reach #1 first spot on TRXBTC on tradingview
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We will probably get a lot of FOMO in next few days which will push price up - be patient
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From current outlook we may see retracement to 550 area
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We still have room for re-tracement but uptrend is at good odds as well
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This is a classic J-curve from the looks of it
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Long term holders should buy now
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Short term watch with caution or buy with tight SL
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Possible reversal in works
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We are bullish on TRON - strong in the new trend channel
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Reminder that test net is tomorrow! Huge event as Tron is becoming 'functioning' cryptocurrency
Overall, Justin Sun did a great job firstly on timely release of Test Net and second of all with the actual live stream. He talked about getting Tron listed on more mainstream exchanges (smells a lot like Coinbase), as well he talked about introducing more trading pairs for Tron, emphasizing most of his attention on USD pairs.
He also mentioned about their team size increasing to over 100 people who came from Alibaba, Alipay, Amazon and other large companies. He said that Tron is much more then just a ‘gaming’ currency and that they will surpass volumes of Ethereum and even Bitcoin.
OVERALL THOUGHTS
Tron network was the main talk on live stream with possible Ethereum/Tron airdrop happening in near future in attempt to acquire more users to migrate from ETH or TRX. Their goal is to dominate Ethereum, which is a huge statement from Justin.
My thoughts are these… Don’t FOMO, because usually when it sounds too good to be true, it just might be. Can we make good profit on this coin? Possibly. Will it be the next big thing? Likely, however watch it cautiously please.
“TRON beats Ethereum today” - Justin Sun. It’s clear that this is their main competitor which they aim to destroy.
WHAT TO WATCH FOR IN FUTURE?
At this time we will be looking towards mid of April when news on Main Net will be released and then towards June when we will have a possible Main Net release with coinburn.
Coinburn —> to issue 1 TRX, over 1,000 TRX will have to be burnt
Do you ever make money with your calls? They are always wrong.... I mean its got to be hard to be wrong all the time, no?
CryptoManiac101
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@terumodoc, What are you talking about? 90% of them are correct
TaoCharts
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@CryptoManiac101 - this was a horrendously awful call. You said that the main net test would be the reason to propel it higher. People challenged your call and said it would dump as "sell the news" always does, but you claimed that it definitely would not given the circumstances.
Then, 2 days later, after it dumps over 25%, you re-comment and give your "Final Thoughts" completely flip-flopping on your original opinion.
March 29th:
"With that said I guess you already figured that we personally will be staying in TRON -6.06% TRX 3.81% for a long time because potential for it is huge and with successful Test Net launch, current price valuation will be massively undervalued. Let me highlight 'successful' Test Net launch. That means that if something does go wrong with that release we may see price retraction in short term." --- price in the 600s
March 29th:
"Long term holders should buy now" ---- price was in the mid 600s
March 31st:
"My thoughts are these… Don’t FOMO, because usually when it sounds too good to be true, it just might be. Can we make good profit on this coin? Possibly. Will it be the next big thing? Likely, however watch it cautiously please. " ---- price is at 480
lj_4b
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Yeah, that is a good call. Thank you for your great job
Hey, CryptoManiac101, Thank you so much for publishing your ideas/predictions on all my favorite coins!! I've been a TRX supporter from the very beginning & purchased 300,000 tokens during the ICO, so I'm very excited to know the outcome of this TestNet run! Sun is a true blockchain visionary & I'm in for the long hall no matter what! Curious to know your thoughts on OCN?? I've been following its progress from a news standpoint, but not a technical one, yet... I own a few thousand of them but don't want to go hard until I've got some evidence that it's more than just a great idea...
Warmest Regards,
Steve
AKA
EliteMoney
abdallahelshamy
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Thanks for the heads up about the retracement
Call_the_bottom
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Thanks for sharing, gave you a like. Since I'm a Crypto newbie it will help a lot if you can answer couple of my questions:
1) Do you mostly trade on technical analysis or do you usually follow news, blogs to research fundamentals ?
2) I started with Binance , however recent news that Japan is not welcoming to them makes me fear that they will dissappear one day . Is that possible ? Do you physically back up your investments every day ?
Thank you for your time
CryptoManiac101
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@jayozturk, It depends on a crypto but news are a vital part of trading as well. Take Zclassic or NXT for example. In addition we like to do technical analysis and look at historical trend, even though it does not work 100% of a time, it definitely helps to look at everything. If I were to choose 1, I would looks at technical analysis mostly and only invest in top 25 - top 100 coins to minimize my risk
Binance is not going anywhere anytime soon. Japan news is just FUD at this point, but you always should have multiple exchanges at hand.
Call_the_bottom
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@CryptoManiac101, thank you so much . Last question where do you get reliable news ? (top 3 would be helpful)