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Is the drop over, i suspect we will see the drop continue down to the $9k support level and bounce. Expect Alts to follow suit.
There is a lot of FUD going on, look at the charts and you will see that this follows the same pattern that we have seen in the past. Granted there has been a much higher media hype which caused a steeper growth but we should be set to hit a new ATH jan/feb.
My update to what i could see happening in the build up to segwit2x, sell your alts buy bitcoin before switching back on the 13-14th.
The gold fork will happen on the 25th but this is a small fork compared to segwit2x. We should see a push up to around 6500-6800 and then a sudden decline on the 25th-26th. This will indicate the start of a new cycle. This new cycle will work up towards a new ATH for the segwit2x fork, which is happening at block 494784 which will be mid November. Expect a drive ...
This idea is based off the previous growth and decline rates seen in the repeating pattern of bitcoin. The segwit2x fork will likely increase the growth rate pattern seeing the ATH before the fork and symbolising the start of the next pattern. We can see a 25% increase in pattern rates which is in line with the growth we have seen.