Blox Bounces, Time To Move Up!Here is a very simple signal that I like and enjoy...
When you see MA200 dropping fast down but prices move above, this is a signal that the next move will be up.
Keep in mind that is recommended to look for multiple signals to support your bias...
One signal can be good/strong but in my opinion is never enough.
Also, make sure to build a plan before you trade.
The signal can tell you about a price jump/drop, but it doesn't tell you what to do after so better prepare.
Namaste.
CDT
Blox Will Also Move (How To Trade, General View)Patience is the key to success while trading, also having a plan before getting started... You can ask me, I learned the really hard way.
Looks like Blox (CDTBTC) it's done consolidating since prices are already moving above EMA50 (magenta line).
Since the first break of support in March, we have a wait of 70 days, for many people this is a very long time and they fail to wait, hoping to switch around and earn a fast buck.
It turns out that once you move out of a trade out of greed/desperation, the next one takes longer and the one you just sold starts to grow.
So think twice about how much you would wait before jumping in...
What to do if prices go down?
What to do if prices go up?
We always use a stop-loss, average around 15%-35%, and set our sell orders on target before the prices start to move up.
If prices drop we close the trade.
If prices move up we collect profits as the orders filled up.
I am just sharing my experience...
Make sure to do your own research...
And I wish you lots of success, health, wealth & love.
Namaste.
