thinking of 2 ways, rising from this basecamp or retracement. But my opinion, it seems promising. So let's wait and see...
My advice is buy, but that counts for the most alts. WTC and BTG will have the most impact for short
We're seeing very similar patterns of price action today, 14 days from the 2X fork, as we saw 14 days before the bitcoin gold fork. Something to watch will be a potential repeat of the pattern which drove LTC from $50 to $70 in 2 days If BTC has a large correction from its current all time high of $6900-7000 because of the speed of growth which seems highly...
As you can see 4 Hour support has been holding up well for BTC. During the previous fork we bounced off 4hr Ichimoku before slingshotting to an ATH for the BTG fork. After a retracement back to the 4hr Ichi, accumulation is happening for the next B2X fork which is in 20 days (expect it to happen sooner). BTC entry 5.5-5.8 BTC target 6.8-9.5 BTC accumulation...
As the BTG fork approaches my current analysis indicates a potential bull rally after the fork. Currently we are in the 5th impulse wave from the 10/18 beginning impulse phase. Currently the price has hit a support, the point of control of the current volume profile and RSI is oversold. All of which indicate a potential pivot for the last leg in the impulse phase.
Here were looking at the macro 2017 bitcoin trend on a 3D chart...What a year!! Definitely getting close to the euphoria phase, and with Bitcoin Gold fork upon us there is a possibility for a dump as most retail investors will be out of touch with the hard fork news (aka new money with weak hands). For 2016 we've seen ~2 month rallies before retracements on this...
BTC hard fork is around the corner and everyone wants some free BTG! Long the BTC for the next hours. If you want your free BTG too, keep your bitcoins until Tuesday and then sell them. Let me know your opinion if you have different ideas! :)
Hey guys! This is for Bitfinex. After i recommended to buy on the last dip, now is the time to sell i think. Everyone is buying Bitcoin to get free Bitcoin Gold 0.79% but nobody is really researching that project so its a hype based on thin air. Also the indicators telling me the hype is over with Stochastik RSI and CCI crying OVERBOUGHT . -Fibonacci...