Zeroface
Long

TRX Fib retracement

BINANCE:TRXBTC   TRON / Bitcoin
looks to be almost done with retrace. If BTC             starts running up I expect this to go down. Currently they are following similar patters though. Large Bitcoin             moves always affects alts in my observation. But this appears to be a good entry point for the next level. Would love to read thoughts and critique on this chart!

Orange and white candles are BTC             , green and red is TRX             .
Kommentar: Still holding fibonacci levels. Testing support. MACD and RSI look good right now.
Kommentar: 4 hour candle done, testing resistance levels. Previous support acting as resistance around 1530/1550 Satoshis. If we break that and the 1.618 line on the smallest Fibonacci box, we'll at the very least hit 1800 Satoshis. 1600 Satoshis could be a resistance level before then however.
Kommentar: BTC up, TRX gonna go down.
In easy words, will TRX go up further.?
Antworten
Zeroface MuhammadAzeem1
@MuhammadAzeem1, Personally I took a position after a successful scalp trade earlier. My logic is that if the BTC price stays stable or goes down it will probably go up. If BTC price action starts to run up, I believe this will go down. Hard to say.. This could be a pump and dump... But it's holding price. It is retracing. If it breaks past 1750/1800 satoshis I think I might add a larger position. Right now the MACD and RSI look pretty good. At the very least 2/3 chance of a 7%-15% scalp trade. We'll see. I planned on posting an updated chart after the 4 hour candle closes here in about 50 minutes.
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@Zeroface, really appreciates your work and suggestions, really great
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Zeroface MuhammadAzeem1
@MuhammadAzeem1, Thanks friend!
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