TRON ( TRXBTC ) Brokedown below EMA200 (orange) and tested EMA300 (gray) only to quickly bounce back up.
Now trading above EMA200, if it can close above it, it would signal bullish potential.
Here is a quick trade for all of my amazing Trading View readers, supporters and followers. Make sure to hit like for more…
Trade: TRON ( TRXBTC )
BUY: 520 – 560
STOP: Close weekly below 500.
Thanks a lot for reading and your continued support.
1- Do not invest in every ICO – most of them are a scam.
2- Crypto is a heavily manipulated commodity and the price can change at any moment.
3- The creation cost of a coin represents the “wholesale” price – It is always better to buy when the price is close to the creation cost.
4- Crypto has a natural cash flow that dictates the selling pressure. Like, 1800 bitcoins are mine each day so 1800 bitcoin must be bought at the current price (“means market needs new $18 millions of investment every day if the price is $10,000 to maintain the current price“).
5- Patience and timing are key to making a profit:
Buy, when the price is close to the creation cost.
Sell, when the price is way high off the creation cost.