BTCUSD Has POTENTIAL for One More Push Down Next 3 to 27 Hours.

This is likely the last bout of downward pressure before we begin to go up exponentially in the month of March, 2020. It's POSSIBLE they could take it up a bit first (bull trap) just before slamming it down between $9,300 and $8,850. This coming "estimated" move down is NOT GUARANTEED. This is only my opinion based on my observation.

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We can see we still had upward pressure at the time when I posted this publication. Especially, if you have a look at the 90 minute TF (below). However, the Red RSI is NOT at 56% or higher. Which means the price action will turn down WITH the White Energy WHEN it exhausts. We may go up to around $9,700 again before we see signs of coming back down once again. My opinion of course.

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It's POSSIBLE during this period of downward pressure we may not see much REACTION in the price. Meaning, we may continue sideways within a relatively tight trading range along my 78.6% SECONDARY FIB during a TIME correction RATHER THAN fall down further to my 68.1% or 50% SECONDARY FIB in the form of a PRICE correction.

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That 78.6% FIB was a STRONG SECONDARY FIB of support in July, August and September, 2019. It's POSSIBLE it can begin to play that role as a Secondary FIB of STRONG support once again. So, PLEASE be sure to have a stop loss in place just in case I'm wrong about a PRICE correction reflected in the title. It's still POSSIBLE this could only be a TIME correction. PLEASE don't forget your stop loss. NO ONE is correct 100% of the time... NO ONE...

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Of course, I'm referring to those who have taken margin short positions...

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A look at the Green Line and Red RSI in the 8h time frame comparing 16 Dec. 2019 to present day.

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I HOPE everyone who tried a margin short had a stop loss in place. This appears to have POTENTIALLY been a TIME correction. We won't know for sure for another 12 to 36 hours.

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Everyone MUST realize when we see a period of downward pressure beginning and you wish to ATTEMPT a margin short during that period of downward pressure, you MUST have a stop loss implemented to keep losses small and gains large. ALSO, if higher time frames; such as the 9-Day and 12-Day time frames, are still showing signs of long term upward pressure, that SHOULD be a signal to use VERY LOW LEVERAGE.

Ultimately, THIS particular period of downward pressure resulted in a TIME correction RATHER THAN a PRICE correction. HENCE, the reason to make sure to implement a STOP LOSS. You will be right more often than wrong when the indicators are used correctly in GROUPS. What can be difficult to know at times is if a period of upward or downward pressure will be a TIME correction or PRICE correction. Which is WHY is all the more important to make sure you use your most valuable tool: STOP LOSS.

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I will provide a new video publication in several hours. I have a few things to get done first.

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I'm absolutely exhausted... Building a new PC; getting multiple SSD's cloned and placed in a RAID 10 configuration took longer than I anticipated. I've only had one hour of sleep. I had six packages to take to the post office today as well. Got my wife to take me cause I felt too sleepy to drive. I'm going to get a snack then catch up on some sleep. I'll provide an update later. We are still experiencing downward pressure of course. Don't be surprised if this continue for the REMAINDER of February before we go up exponentially in March.

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In case you're wondering what this chart looks like NOW before I get some rest...

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Added a new WHITE TEXT BUBBLE along with a NEW WHITE DIAGONAL SUPPORT/RESISTANCE LINE ON THE CHART:

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Also added a Red Diagonal Support/Resistance Line with Red Text Bubble:

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I realize most may look at my "Diagonal Lines" as TREND lines. However, I look at them as BOTH "trend" -AND- "support/resistance."

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Simply posting this chart before I delete text bubbles and work on a new video publication with this chart.

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A friend of mine on BItcoinTalk.org pointed out the Red Diagonal Trend Line I drew kind of lines up with the 200-Day Moving Average (MA). I'm going to get to work on a video publication shortly. I've been trying to decide what I can cover while trying to keep the video as short as possible. There's so much to say that I'm having a hard time deciding what to leave out and what to cover.

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More of a pull back view before I get to work on that video...

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Had a look at the BitFinex Margin Contracts as well before I begin the video publication: