You know we have lots and lots of open trades, and we practice daily by reading charts and trading all of the time. On the way to trade, I receive your support... and I am truly grateful for it.
In exchange, I would like to offer you some additional insight on these great altcoins, stocks, forex and other assets we keep on trading... HIT LIKE TO GET STARTED!
Tron (TRXBTC) has completed its retrace... Let me tell you how you can figure this out:
- We have a falling wedge which is a reversal pattern. This falling wedge already broke out to the positive. - We have a very strong rule of thumb for our trades on how to buy back when a peak is reached. Now, this is for my advanced supporters but each time a peak is reached, we buy back lower 15-30% below peak price. This varies wildly according to the trade and the strength of the jump. - I noticed that TRXBTC follows this rule by the letter and retraces about 25-35% after each wave. - Here you can see that TRXBTC bounced already after it dropped ~30%. - You can see the decreasing volume before breakout and the huge increase after. - If I add my fib. tool to this chart, you will also find a nice fib. support there. - If things go sour (down), your stop loss can be a strong close below EMA100 (blue line). - P.S. Always have a stop loss price, either set or in mind, to stop your trade if the price doesn't go your way.
This is just a friendly reminder, check out our Tron (TRXH19)[176% ROE) trade (and make sure to hit like to show your support):
Quick question before we leave... Here we have many people posting comments, positive and negative... That's amazing, all feedback is highly appreciated, but here is the question.
Aren't authors supposed to get good reviews/likes/comments when they get their trades correct? Please tell me about it in the comments section below...
Thanks a lot for reading.
Namaste.
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Here is a view at the daily chart (EMA10 worked as support):
- Remember another classic rule of thumb. (1) Above EMA10 bullish. (2) Below EMA10 bearish.
Very easy to follow and understand.
Namaste.
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We are moving up as expected.
Tron can easily do slow and steady growth, with short retraces, that is how it normally does it...
@johnnywoo2015, Its true... But you know Tron, it can go against any type of analysis when it starts going up. And it normally exceeds any expectations.
SamuelBob
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Good job Allan!
I am holding it since your post froum August. I sold for 29 cents and bought back for 24 trading trx/USD in bittrex.
Tron is such a lovely coin to just buy low and sell high. Works every time. I also predicted it last year after the admin account for hacked on their forum and it just kept falling and everybody thought Tron was dead. But I knew the mand behind got so much money and connections that that could never happen. Like, he just bought the torrent service lol. Cant remember the name. Maybe it was Utorrent. Tron is easy money. Just like dogecoin and Ripple.
AlanSantana
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@AndersBitcoinSorensen, So much hype behind Tron it was easy to predict it was going to be move again. Maybe beginners bag holding there.