TRXUSDT, Tron is being pulled down temporarily by BTC fall
TRXUSDT, Tron is being pulled down temporarily by BTC falling. When BTC falls, USDT often takes hold. I expect Tron to dip lower as BTC corrects lower. However, within 30 days or less BTC could reach bottom. It all depends on how low BTC goes and how fast. BTC is expected (and TRX/USDT) to increase around May 2020. However, no one knows when the increase will begin and when the current dip will end. Perhaps, around 2019-12-09 we shall know more about the bottom price.
Trade active:
This 2021-06-06 one may see an increase in TRX with a much stronger and powerful BTC. As the Total Crypto Market Cap. continues to rise within the current upwards trend. It is very possible for this upward trend to continue from 2021-03 to 2022-03. However, it is very difficult to forecast further than 12 months and at some point in time there will probably be a downwards correction after the market has peaked. This downwards trend can be at any time; however I believe it will not occur until after 2021-03. It is possible that the downwards trend may not occur until as late as 2022-03. A lot of this depends on the economy and human interaction in the future. If the unemployment rate from everyone including discouraged workers continues to worsen (increase), then more stimulus will be needed. However, if the stimulus ends and there are still too many joblessness issues, then people may sell crypto to pay for living expenses. However, it is also possible that others may buy the crypto at a time when things are bad. Overall if the market is scaled upwards (overbought) too quickly for too long, then a natural downwards correction will take place. The downwards correction can continue for several months or 1 to 4 years even. However, when the sellers are down selling, then it will remain flat for up to 6 to 12 months and very likely increase back upwards again for multiple months. THIS IS NOT FINANCIAL ADVICE! THIS IS ONLY A FORECAST. SOMETIMES HUMANS AND BOTS MAKE DECISIONS THAT NORMALLY DO NOT MAKE SENSE CAUSING UNEXPECTED OUTCOMES OR RAPID VOLATILITY. PLEASE SPEAK WITH MULTIPLE FINANCIAL ADVISORS. NEVER SEND ANYONE YOUR CRYPTO AND MAKE MULTIPLE BACKUPS FOR ALL OF THE ACCOUNTS ACCESS CODES OR BACKUP SEEDS. PLEASE ASK PROFESSIONAL ADVISORS ABOUT THE ADDITIONAL RISKS WITH CRYPTOS COMPARED TO TRADITIONAL MARKETS. NEVER INVEST ONE’S FOOD MONEY OR HOUSING MONEY INTO A MARKET AS THIS MAY LEAD TO HAVING NO FOOD MONEY AND NO HOUSING MONEY FOR THE FUTURE.
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Mid-month weekday-start (first weekday after the 15 th of the month) data is currently reflecting... 2021-10 = relatively flat. 2021-11 = decline. 2021-12 = increase. 2022-01 = relatively flat. 2022-12 = increase.
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The white lines are the BTC halving cycles. It appears that BTC & TRX may peak around 9-11 to 10-10 of 2021; based off of the past distance from the BTC halving cycles. The M-shaped curve may see a second peak of around 51k to 76k with a midpoint of around 66.6k.
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This chart is easier to see:
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BTC (also TRX) is likely to decline over the next 12 months. However, after an estimate 2022-09-11 date, it is very likely to being increasing based off off the extended long-run historical data and trend.
