Downward Pressure Likely to Continue Till February 28 for TRXBTC
As I've mentioned in previous publication for TRXBTC; the price action will likely go down to 600 to 650 Satoshi's. However, we could see TRXBTC go down to 560 Satoshi's. We should expect it to continue stair-stepping down till the end of February, more than likely. This also implies BTCUSD should stair step up till end of February.
It's quite obvious, when looking at the indicators, the Phoenix ARI has a LOT of room to fall down to 20% level or lower. The Blue LSMA in Godmode is likely to go to the 20% level or lower as well before we see a chance of reversal to the upside. I drew Blue Lines for the POSSIBLE future path of the Blue LSMA. Then I placed a vertical time line where my blue lines would continue to turn up. The vertical time line fell on February 28, 2019.
It's quite obvious, when looking at the indicators, the Phoenix ARI has a LOT of room to fall down to 20% level or lower. The Blue LSMA in Godmode is likely to go to the 20% level or lower as well before we see a chance of reversal to the upside. I drew Blue Lines for the POSSIBLE future path of the Blue LSMA. Then I placed a vertical time line where my blue lines would continue to turn up. The vertical time line fell on February 28, 2019.
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Update with the 2-Day TF:
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3-Day TF:
