alanmasters
Long

Bullish TRON (TRXBTC) - Slowy & Steady Growth

BINANCE:TRXBTC   TRON / Bitcoin
Since TRON ( TRXBTC ) touched bottom on the 16th August, it has been having slow and steady growth.

Slow and steady growth is a signal of strength for any cryptocurrency.

After the low point on mid August, most of the altcoins made a lower low or hit the same low on mid September but not TRON. On mid September, TRXBTC created a higher low compared to mid August; this is bullish signal.

So why am I bullish TRON ( TRXBTC )? Let's take a look:

  • On top of the signals mentioned above; higher lows / uptrend, and steady growth...

  • We can also appreciate the big increase in volume . Steadily more green volume is coming in and prices continue to increase.

  • We are now trading above EMA10 and EMA50 on the daily time frame. We broke above EMA50 (magenta line) just recently.

  • We have Doji and Hammer candlesticks on the day we looked to make a low (mid August and September). Both are reversal candles.

  • Indicators are bullish . MACD , RSI and STOCH .

  • We have three consecutive days of green candles / bullish active... More bullish active is about to come.

Please comment and share your opinion about this trade idea and the future of TRON ( TRXBTC ).
Where you think is headed in the near and far future?

If you enjoyed this post in anyway, feel free to like and follow...
Your support is highly appreciated.

Namaste.
Oct 07
Comment: My TRON (TRXBTC) trade can be found here:
We are moving up now.
Oct 07
Comment: We closed the 4h candle above resistance with good volume. The price is already holding nicely and showing some pretty good bullish momentum...


We also created a higher high compared to the 21st September peak, this is another bullish development. Looking good so far.

We are in good profits for our TRXBTC trade, we bought in around 290 satoshis and now moving up strong with great profits.
Oct 08
Comment: As TRON goes bullish, BITCOIN as well.

Please check my latest Bitcoin & Altcoins Market updates below...

When will the breakout happen?
When will the altcoins market bull run come?

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Comments

alanmasters Crypto-Adviser
@Crypto-Adviser, Thanks for sharing.
Reply
TRON has a virtual machine, something no other coin has. For those that are familar with Java there is no need of explanation what a virtual machine is and how powerful it is. For the rest I have to say thig: remember that several years ago Oracle bought Java from SUN Microsystems (and the whole Sun company actually) only because of the Java Virtual Machine, for 7.4 bil. $.... And TRON is just 1 year old....
+1 Reply
alanmasters cryptozwerg
@cryptozwerg, Thanks a lot for sharing.
+1 Reply
Agreed. I am so very curious as to how this next serious market-bull-run is going to look.
And when the supply/demand factor becomes a reality form BAKKT and some other outlets entering soon. . .
I'm not saying it'll happen, but there could definitely be an unprecedented immediate separation of rich & poor folk (considering the effect of the bull run, on the other markets, that could consequentially see big money leave them . . . domino . . . .
+1 Reply
@KingRalph, Thanks for sharing.
Reply
been bullish on TRX for a few weeks now. solid bottom established by the look of it. HUGE upside potential.
+1 Reply
alanmasters cryptodude365
@cryptodude365, Agreed. Looking forward to some more growth.
+2 Reply
Dear alan,
How far can trx run, in this new up ?!
Many thanks
Reply
alanmasters Xrpmoonsoon
@Xrpmoonsoon, You mean short term or what?
Reply
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