lewistz

BTC/USD - The Invisible Thread ( B2X)

BITSTAMP:BTCUSD   Bitcoin
I am still holding that a correction is near and we are in a Wave 5 extension of sorts. I think we are being held up by the invisible thread of the upcoming fork and people are holding tight until Fork occurs on Nov 18th. After this I believe normal market conditions can occur. We are literally in a vacuum of sorts with the market being held up with upcoming establishment and distribution of a second blockchain via SegWit2x. I am neutral now as I feel it is very difficult to trade technicals when you have an outside factor such as B2X artifically holding the market up, of course this could change if confusion/fear set in prior to the spit.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.