Tron's (TRX) correction is not an easy wave count but...
I think this may be the beginning of impulse wave II. I count the corrective wave pretty straight forward up until I get to the wave C of Primary Wave B. It should go up a few more waves and then come down, but the wave inexplicably breaks down around January 5th. So I did a google search for "Tron January 5" and find this is when the FUD accusing Justin Sun of liquidating his TRX through a secret account happened.
So presumably Wave C of Primary wave B would have completed around the 6th. And if you follow your Elliot Wave count, then you know once Primary Wave B completes, you will have two large reactionary waves on the way down Primary wave C, which represent waves 2 & 4. So I move on to the next prominent reactionary wave which occurred on Jan 7. This must be wave 2 of Primary wave C. Then we move on to the next prominent reactionary wave and this happens on January 16th which is wave 4 of Primary wave C.
The next big reactionary wave which occurs after wave 4 should represent the bottom of the correction and therefore the beginning of the next impulse wave.
I believe we just went through this reactionary wave and therefore the bottom of this correction should be somewhere between 500 and 470 sats. Which is nicely between the 618 and 786 Fibs.
I advise caution but I don't see any other way to read the chart. Of course you should always confirm the up trend before buying into this one. But Tron is releasing it's beta in March supposedly so buy the rumor and sell the news my friends.
Let me know if you agree.
I'm not giving advice, just my opinion.
So presumably Wave C of Primary wave B would have completed around the 6th. And if you follow your Elliot Wave count, then you know once Primary Wave B completes, you will have two large reactionary waves on the way down Primary wave C, which represent waves 2 & 4. So I move on to the next prominent reactionary wave which occurred on Jan 7. This must be wave 2 of Primary wave C. Then we move on to the next prominent reactionary wave and this happens on January 16th which is wave 4 of Primary wave C.
The next big reactionary wave which occurs after wave 4 should represent the bottom of the correction and therefore the beginning of the next impulse wave.
I believe we just went through this reactionary wave and therefore the bottom of this correction should be somewhere between 500 and 470 sats. Which is nicely between the 618 and 786 Fibs.
I advise caution but I don't see any other way to read the chart. Of course you should always confirm the up trend before buying into this one. But Tron is releasing it's beta in March supposedly so buy the rumor and sell the news my friends.
Let me know if you agree.
I'm not giving advice, just my opinion.
Comentário:
Hope you guys didnt fall for the bulltrap
Ordem cancelada:
Nevermind, we go down. Re-did the count and we still need to correct some more with BTC so I expect TRX to follow.