alanmasters

TROY Is Coming Out Of A New ATL... See This!

Long
BINANCE:TROYBTC   TROY / Bitcoin
On the 31-Dec. TROYBTC hit a new All-Time Low... Its price tested this level for little over a week until it finally came out 9-Jan.
The volume is really low as prices were trading near ATL .

The strong/steep decline that started in August 2020 is now basically flat with early signals of change.

We have the RSI jumping up.
The MACD and RSI as well as showing bullish divergence ...

And today EMA50 was challenged for the first time since May 2020.

This one can soon print a trend reversal and start to move up... And if you get it this low, you can enjoy the growth all the way up.

Remember to have a plan and also use a stop-loss.

This is not financial advice.

Thanks a lot for your support.

Namaste.
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Comments

This looks like another jewel from the bottom of the ocean. I don't know much about this asset, but worth looking into. Considering the time period and that we are in a bull market as I am told, there is a good possibility it may move upwards like other Alts have, quicker than normal ? I guess we just have to pay attention to the signals and hope for volume.

Thanks for the chart.

wmw
+1 Reply
FindTheSun WMWToronto
@WMWToronto, something i overheard that Troy was a scam and whatnot. Although looking neat and with a nice name, it doesn't seem to be trustworthy hence such a low price and neglect. But also this has never stopped any other lousy crypto from doing crazy waves nonetheless. Have a look deeper and let us know what you found out about Troy. !
Reply
Nice job, thanks.
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Thanks for the good idea.
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Hi Alan, many thanks for this idea!

I'm always a bit worried to invest in a coin with such low volume, but no risk, no fun...

Just out of curiosity: Do you put money in all the trade ideas you post here yourself, or just in some of them?

Best greetings, David
Reply
alanmasters CryptoCow
@CryptoCow, Not at all, just a few.

I used to have many dozens, over 50 coins, but reduced to only a few recently and now expanded to about 8... It varies over time.
+2 Reply
CryptoCow alanmasters
@alanmasters, I understand.

I made the same mistake 3 years ago, having too many different coins. It is just too much work to take care of them all, and then you end up not watching them. BIG mistake.

I now concentrate only on a few coins, and I watch (and trade) them constantly.

And I am sure as hell will get rid of them all at the end of the bull market this time :)
Reply
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