BitcoinTelah dikemas kini Bull or Bear? Choose A Side - Bitcoin
Currently there are two major perspectives, either that we topped of at our current ATH, thus setting is in a deeper correction towards 4700 level or that this large wave was only wave 3 and there is still one more wave to come (bringing us between 6600-7300).
What worries some is that bitcoin is slowly becoming more centralized (Goldbug has a great read on this), basically exchanges/miners tend to have much control of how they want the price to evolve and since mining is becoming less attractive for the average person who doesn't own a mega mining farm the distributed mining power becomes more and more centralized. The repetitive introduction of forks doesn't make it much better either, there is always some uncertainty, potential replay attacks, poorly reviewed code or it will bring new disagreements inside the community itself.
The Segwit2x hardfork is planned around 16 November and the question is if the miners will embrace this new fork.
If we look at the Pink/Yellow circle they look very similar to previous top offs or continuation, what direction the price will take is still unclear.
Good luck with trading!
-TheTrex
What worries some is that bitcoin is slowly becoming more centralized (Goldbug has a great read on this), basically exchanges/miners tend to have much control of how they want the price to evolve and since mining is becoming less attractive for the average person who doesn't own a mega mining farm the distributed mining power becomes more and more centralized. The repetitive introduction of forks doesn't make it much better either, there is always some uncertainty, potential replay attacks, poorly reviewed code or it will bring new disagreements inside the community itself.
The Segwit2x hardfork is planned around 16 November and the question is if the miners will embrace this new fork.
If we look at the Pink/Yellow circle they look very similar to previous top offs or continuation, what direction the price will take is still unclear.
Good luck with trading!
-TheTrex
Nota
Nota
Bitcoin currently breaking up!Nota
Hit 6050 on BitmexNota
Hit 6365 on BitmexNota
Fractal time! Dagangan aktif
We are in the profit zone!Nota
Congratz we hit the top most fib, even extended up a little bit more. Larger timeframes have to come down now, we made a big doji candle. Still some top resistance. Hope everybody survived well in this volatile ride.I'm switching for long bear market now :)
Nota
Update: if we break ATH again we will beheading towards 7800-8074 
Penafian
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