TRON (TRX) is Impulsing UP!
SUMMARY
TRON (TRX) has been correcting but marginally putting in lower lows. That is always indicative of seller depletion. The first blue five waves setup the scenario for the abc correction and it resulted in a zigzag (5,3,5) as shown by the subwaves. The question is, what next as price has broken out of the down trend.
An hourly chart shows wave and pattern details not visible through 4 hour or daily time scales. The breakout was impulsive as shown by the blue waves. Elliott Waves states that after five waves, there is a requisite correction. This is shown by the downward wedge pattern that is encasing the resulting abc waves. IF this is complete, then the waves will likely start a new impulse set of waves upwards! What woudl that mean? Higher highs can be expected.
Legal Disclaimer: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
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It is my opinion that Digibyte is one of the best crypto currencies and will make a lot of people wealthy as the adoption rate of Bitcoin grows. I'm not going to bore you with a technical analysis of the project, but rather provide my theory as to what the catalyst will be that makes the price of this coin rise in value.
The Digibyte team are geniuses from a technical standpoint. I'm sure if you are reading this you are already aware of the superior asset Digibyte is to other cryptos. The problem lies in marketing. With the adoption rate of the most popular crypto Bitcoin under 2% it is no surprise that very few people know of Digibyte and their nerdy crew. But no worries because Bitcoin is going to save the day.
As the masses become more familiar with Bitcoin and merchants attempt to implement it as a payment choice the faults of Bitcoin will become known on the big stage. I can see the morning news now talking of 10 minute wait times at Starbucks for a Bitcoin confirmation to clear. There will be a desperate search for a faster more secure payment method in the crypto space. And there with their big dicks swinging in the air will be Digibyte to the rescue. It is simply the natural progression of any new technology. Bitcoin is like Motorola and Nokia, but Digibyte will be Apple and Samsung.
I am down with digibyre as well! Not only because I hold it but for many reasons. Cliff High likes it as well, not to say he a Massiah Or anything but he has been fairly accurate in his predictions in the past.
THREE Possible Futures for Bitcoin! Which one do you think will be true?! https://steemit.com/bitcoin/@investingtips/three-possible-futures-for-bitcoin-technical-analysis
Please convince me as to why Digibyte is the best.
Why is Digibyte superior to Stellar for instance? Stellar has extremely fast transfer times...Like send it and tell someone whatever you sent them through Stellar is in their wallet and it is....as well as sub-cent transaction fees. Not to mention the ease of construction for smart contracts...
I think Digibyte is a promising project, I just don’t know enough, or why it would be believed to be poised as a ‘next bitcoin’ over something else?
Bitshares is faster? Super cheap transactions. Genius team? Steem is faster too? Why do you think Digibyte is better?
I've been watching TRON for awhile, I feel like this has long term potential but I don't think we will see any huge moment until they get further along in their implementation plan, I like to see crypo that is self building adoption platforms like TRON though.
Hoping for some price action on/after the 31st with the main net launch and coin burn!! But with Sun estimating a 8-10 year project, wondering if it’ll have legs vs NEO, QTUM or Vechain.
I agree. Could be a really great product for a very big market. I'm sure it will take a while to overcome the FUD of the sloppy launch. Did you hear anything about a coin burn? Was that just a rumor?
Coin burn is real. Justin talked about it briefly in one of his live streams. It’s debated as to whether or not it’s a straight up coin burn or CBOT...I believe it will be CBOT.
CBOT? Coin burn over time?
gazua!!
Triangle MANIA.. Bitcoin is going DOWN (UPDATED: $4,000 INCOMING?)! https://steemit.com/bitcoin/@investingtips/triangle-mania-bitcoin-is-going-down
I could do with this coin going up up up.
Thank you for advice. Loving Tron from its birth. I believe and know Tron networks will be amazing and great platform. Justine sun is truly a crypto knight.
TRX has 100 Billion Coins in supply and 65.75 Billion coins in circulation. Great for pump and dump (lots of liquidity). But I just can't bring myself to put money into it. Even at 5 cent it is expensive compare to bitcoin or ethereum. Unless I am willing to hold it for at least a year or more, it is not for me. Like the dot com bubble...there will be a crypto bubble. Only the strong will survive, lets see if TRX will.
the same comment was made about VERGE and EOS. Such did not stop their rise.
@haejin Still bullish on XVG? Dev keeps dropping the ball on Wraith
Just hoping it’ll pick back up.. bought in at $0.12 and again at 0.09 after its ath
Supply of a coin is irrelevant to the ease of pumping and dumping a coin. If you have the manpower to coordinate a pump and dump it will not be less profitable if there are less coins in circulation. What could effect it would be things like volume, number of exchanges, etc.
All these cryptos are "great for pump and dump" -- and TRX doesn't have much to hang its hat on...yet. Here's a good, if biased, read:
https://theindependentrepublic.com/2018/02/08/tron-trx-top-ten-coin/
Tron to the moon!!
My target is $1.06 initially...once correction is complete; TRX should make orgasmic lunges upwards towards that target.
I hope so!
나도희망해요
With that wording, I can’t but agree with you @haejin :D
I really like this post friend! keep up the good work!
100% according to you, greetings @kaleem345
People were hating so much on TRX when it rose to $0.30 a little while back and then regressed all the way down to $0.04, but this was healthy. It’s following the exact model for the crypto J-curve. I see great things ahead.
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