TRXBTC - SHORT - 1 hour Chart
Updated
As you can see (using heikin ashi candles to try to average the volatility ), we should now be at the peak of the climb from the previous low of 480/520.
Will next expect steady correction downwards to around 440 level and possibly below in this next cycle.
SRIS and CRSI both indicating the position is currently overbought, although MACD not yet convinced (although this may be simply indicating a slow descent as shown in the sketch).
Possibly a great sell opportunity to buy in lower for more coins, whilst we wait for the major correction up to arrive.
Opinion not advice
Comments welcome - 1B2rBfu9X4nms6EtuQWDQuNy87Jn9hYkJs for BTC 4.52% 4.87% donation if you find this helps, and want to show some love!
Will next expect steady correction downwards to around 440 level and possibly below in this next cycle.
SRIS and CRSI both indicating the position is currently overbought, although MACD not yet convinced (although this may be simply indicating a slow descent as shown in the sketch).
Possibly a great sell opportunity to buy in lower for more coins, whilst we wait for the major correction up to arrive.
Opinion not advice
Comments welcome - 1B2rBfu9X4nms6EtuQWDQuNy87Jn9hYkJs for BTC 4.52% 4.87% donation if you find this helps, and want to show some love!
Note
decline in line with previous sketch, but trending lower, so expect lower restraint to kick in higher up the sats range. possibly looking at 450s+ now
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