The drama continues. Still, this chart helps understand what is happening in the last weeks, and what to expect. Altcoins could drain them, stabilizing their sum to the current levels, or we could see FUD getting all those newly invested people pull the cord almost as fast as they arrived. One more leg up or (almost) double top is to be expected too, as RSI shows that there is yet some room for more, despite the flagrant overbought and divergent status
Basically, it comes down to "hedge your btc by an equal number of bch" and "decide if you wish to gamble on altcoins, or sell early expecting a crypto big retracement"
Komen
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Current retracement is enough to start a new bull trend, however, we also see that if history repeats, the dip is not over, but will take a lot of time. In the meantime if you bought the dip you are fine (i did on btc to get cheap alts, and some for quick fiat swinging. See other idea on BTC), if you held, you are fine, if you panic sold, you are screwed. This is why you need proper capital management and a plan ahead of time with different scenarii independantly of your emotions and wishes.
Komen
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Triple bottom Probably the end of this first alt season
Komen
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Either the recovery, or the start of the bull trap
@hatmaendik, It is neither. It is the sum value of 1btc+1bch. Miners switch from btc to bch all the time, but tracking the sum of both helps see if money flowns in the leaders or is drained away (by alts or by back to fiat)
@hatmaendik, you are welcome. For now btc+bch continue to be drained. Alts in big bull run AND people cash out for end year 2017/begin2018 (because of tax & accountants, new fiscal year sellout. Happens every year. In 2016 btc dropped almost 50% and made new ATH weeks later).