Further Clarity with BTCUSD; We Will Know More June 12th

We need to see where the indicators advance to on June 12th in the 9-Day candle to have a better idea if BTCUSD will continue up with LTCUSD or if it will remain sideways in a relatively tight trading range before coming down WITH LTCUSD once LTCUSD has reached exhaustion in it's 9-Day and 2-Week candles. If you have not seen the previous publication comparing BTCUSD, LTCBTC and LTCUSD, you may want to have a look at it.

Stay Awesome!

David

Comment:

If the Phoenix ARI continues going down to 20% level or lower in the 2-Day TF "after" the completion of the current 2-Day candle, the price actions could play out similar to what is in the chart below. I still anticipate more sideways in a relatively tight trading range at least until LTCUSD has completed it's pump and begins consolidating.

Comment:

REMEMBER: We will know more by June 12th or 13th. So, let's NOT assume the price action will play out as what is shown in the chart (above) until we get more information with a new 2-Day Candle on June 12th and a new 9-Day Candle on June 12th.

Comment:

If BTCUSD ends up going sideways for another 6 to 15 days before consolidation begins with LTCUSD, the 200 MA in the Daily may end up acting as "support." Here is a chart to show the POSSIBLE future trek of the 200 MA in the Daily.

Comment:

2-Day TF: Just a note on the Phoenix ARI.

Comment:

We have a new 9-Day and 2-Day Candle with updated indicators in five and a half hours. Look forward to seeing what the gray energy looks like in the 9-Day and what the Phoenix ARI looks like in the 2-Day when the new 2-Day and 9-Day candles begin. See you then...