TRBBTC trade ideas
TRBBTC is testing the weekly support 🦐TRBBTC is testing the weekly support after a very nice breakout! IF the price will have another breakout from 4h resistance, According to Plancton's strategy (check our Academy), we can set a nice order
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
TRBBTC. Newly listed on Coinbase.Is buying crypto for less popular coins a pain? Yes, it is. Figure it out techno-geniuses.
Is buying crypto on Coinbase's tradeable list difficult? No, it is not.
By logical extension: I bought TRB. That does not stand for terriblecoin. I would invest heavily in terriblecoin.
--------
This is my first attempt using a gann square. I am not a carpenter. Redirect that energy please. Perhaps into a mechanically powered generator. At a relatively distant location from myself preferably. Much appreciated.
Parabolic Curve Theory idea for $TRBBTC Rounded BottomThis is a personal research and idea for investment. DYOR and TIT...
This is a 3-day chart for Tellor $TRB coin.
Bare in mind this is a huge Rounded Bottom pattern that probably will develop exponentially growing price action as it starts to close. I'm calling it early as consistent with Parabolic Curve Theory (PCT) and am very conscious that events like news catalysts and BTC volatility can deviate it off its course and make price action miss some of the PCT base targets making it necessary to revisit this idea.
TIME/PRICE PROJECTION
Pattern start: Aug 31st 2020
Estimated end: 2nd half of June to 1st week of July (66 days from publishing)
Price tag at time of publishing: 236,000 satoshi
Expected price tag at end of pattern: 615K satoshi
Base 1 price level: 184,400 satoshi
Base 2 price level: 266,700 satoshi
Base 3 price level: 333,100 satoshi
Base 4 price level: 399,600 satoshi
Safe take profit range: Recommended trailing take profit at 587,300 satoshi
TECH INDICATORS
Kumo cloud is bullish with senkou span A over B and following below price action. Tenkan over Kijun sen upsloped confirm bullish momentum. Chikou lagging span is upsloped, far away and high which is also a bullish confirmation.
Parabolic SAR beneath price action bullish sign too.
Bearish divergence present on last candle.
NEWS CATALYSTS AND BTC VOLATILITY
At the time of publishing this idea we can see a huge bullish candle (may 4th) which made price action blast through base 1 target, not allowing any ranging, at least for the moment. This is consistent with the listing of the coin on Coinbase Pro, sparking great buying activity.
If we look at BTC price action on the pink line we can clearly see that $TRB hasn't been affected by bitcoins dips, at least not on this time frame.
EXPECTATIONS
I expect at least 2 months of sporadic large and increasing impulse moves to reach every subsequent base.
Ranging is expected below every base, towards the curve but they should decrease as price action moves up.
FINAL NOTE
Drawing may need to be adjusted as it's very complicated to project time on a pattern this size.
Parabolic Curve idea for $TRB BTC rounded bottom***This is not financial advice. I'm posting this publicly in the hopes of gathering additional insight from other PCT Parabolic Curve Theory knowledged people. It is a personal investigation on PCT to find more precise correlations to other indicators***
For transparency I am invested in $TRB against BTC as I am an active trader.
This is a Daily chart on Tellor $TRB which is shaping a rounded bottom (RB) which has already touched base. It's an RB with an projected total span of approximately 313 days and already 75% in.
Price: currently 111,900 satoshi
Estimated top: 654,000 satoshi
ETA: approx. 84 days from publishing
Profit from actual position: 488%
I'm expecting the 4 bases of PCT to roughly hit around the highlighted yellow fibs marked from .b1 to 4
I'm linking this post to original publishing of my PCT research.
Tech indicators show Kumo cloud reversal, also shaping a clear RB pattern with relative decrease in volume at the base and multiple TK crossovers.
TRB may enter buy zone + targetsTellor has a buy signal entering green zone ,according to the ribbon moving averages indicator
We can also see after the buy signal candle ,candles were closed that candle
We can also see TRB tested and old resistance pulls back and gets ready to more upside (theoretically)
