Tron - Stages of a Market Played out Perfectly
I made my last Tron post on Feb 17, stating my thoughts on Tron and where it was at and heading. It did exactly as I wrote it would play out. and i'll give another analysis for Trons current situation. I look at the market cycle in 4 stages. It's very important to look at the broader scheme of the trend before making a trade. Which is were these 4 stages help decision making. Now, I will copy and paste part of my last post on Feb 17 to give a brief explanation of what these stages are. "These stages represent a cycle of the market. Stage 1 is the near the bottom, where neither buyers or sellers are winning. Stage 2, is when price starts to surge up and go on a BULL RUN. Stage 3 is when the bull run levels out and already hit it's peak. Stage 4 is the Bear market for the given time cycle."
As noted above, I called that stage 1 was starting to form for Tron on Feb 17. As we an currently see, i made the right call. I noted that I would not take a trade until it broke above 640 satoshi convincingly, but anyone who wants to buy in stage 1 can certainly do so. buying anywhere from 300 to 640 would have been a grand slam BTC wise at least. Unfortunately, we didn't see the price move back to ATH, but we saw a pretty big spike. Now price is back down BTC wise, and it's even lower than it was before. This causes concern for me as I'm not a long term Tron holder. This means I do not care to get the best holding prices, but only the least risky prices for a trade. For long term holders, buying anywhere in a speculated stage 1 is a good buy, of course there is risk that it's not truly a stage 1, but long term holders don't care about current price fluctuation, only the possible outcome of the future price. So, if you are a long term holder, go back and review why you bought Tron in a fundamental view, and if why you bought it still holds true, just keep holding. Otherwise, in a trading perspective I would not be buying at these prices. It kind of looks like a stage 1 might start forming, but it's too early to tell. I am concerned about the break of the 320 Satoshi as well. Right now, I am still considering this as a stage 4, and in a stage 4 (as noted in my last post) you stay away from it completely. I believe it's stage 4 still because it broke the 320 satoshi support, and the 20 & 50 SMA are still pointing downwards. To tell if it's at stage 1 is when prices look like it has level off and fluctuation is slowing down. I would personally use the 20 SMA as a determination tool. When the price starts going back and forth around the 20 SMA and the SMA starts leveling and pointing sideways or up, than I would consider the market to be in stage 1.
Until than, I would recommend staying away from Tron personally in a trading perspective. For holders, any good established Crpyto is looking like a steal for holding half a decade. Please note, that I do not consider Tron a good coin for my personal taste and what I like to look for in a good long term investment for Crypto.
But that doesn't mean it's a bad coin.
If you want more insight on the 4 stages I discussed above, I go in a little bit more deeper on my last post about Tron which you can find in the Related Ideas below.
Happy Trading!
Jon
As noted above, I called that stage 1 was starting to form for Tron on Feb 17. As we an currently see, i made the right call. I noted that I would not take a trade until it broke above 640 satoshi convincingly, but anyone who wants to buy in stage 1 can certainly do so. buying anywhere from 300 to 640 would have been a grand slam BTC wise at least. Unfortunately, we didn't see the price move back to ATH, but we saw a pretty big spike. Now price is back down BTC wise, and it's even lower than it was before. This causes concern for me as I'm not a long term Tron holder. This means I do not care to get the best holding prices, but only the least risky prices for a trade. For long term holders, buying anywhere in a speculated stage 1 is a good buy, of course there is risk that it's not truly a stage 1, but long term holders don't care about current price fluctuation, only the possible outcome of the future price. So, if you are a long term holder, go back and review why you bought Tron in a fundamental view, and if why you bought it still holds true, just keep holding. Otherwise, in a trading perspective I would not be buying at these prices. It kind of looks like a stage 1 might start forming, but it's too early to tell. I am concerned about the break of the 320 Satoshi as well. Right now, I am still considering this as a stage 4, and in a stage 4 (as noted in my last post) you stay away from it completely. I believe it's stage 4 still because it broke the 320 satoshi support, and the 20 & 50 SMA are still pointing downwards. To tell if it's at stage 1 is when prices look like it has level off and fluctuation is slowing down. I would personally use the 20 SMA as a determination tool. When the price starts going back and forth around the 20 SMA and the SMA starts leveling and pointing sideways or up, than I would consider the market to be in stage 1.
Until than, I would recommend staying away from Tron personally in a trading perspective. For holders, any good established Crpyto is looking like a steal for holding half a decade. Please note, that I do not consider Tron a good coin for my personal taste and what I like to look for in a good long term investment for Crypto.
But that doesn't mean it's a bad coin.
If you want more insight on the 4 stages I discussed above, I go in a little bit more deeper on my last post about Tron which you can find in the Related Ideas below.
Happy Trading!
Jon
Looks like stage 1 might be starting to form. I expect sideways movement for now BTC wise at least. It's currently trading above the 50 and 20 SMA. 50 SMA looks like it might start straightening out. This is a good sign for a possible bottom to start forming.