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Simon_says
6 Nov 2017 pukul 10.35

BTCUSD weekly  Singkat

Bitcoin / U.S. dollarBitstamp

Huraian

As described on the plot, first red candle on weekly time frame indicates long term correction up to previous high/support level.

Dagangan aktif

Bitcoin Fork was suspended/cancelled that may cause price to move down.

I believe many people invested in Bitcoin recently (that pumped up the price) as they wanted to double their coins due to 'fork'. I know people taken big loans (10k-20k$ or more) expecting to make a quick profit alike it happened on Bitcoin Cash. If 'fork' will be cancelled then the same people will be forced to sell their bitcoins to pay back their loans. for that reason I believe price of the Bitcoin will go down.

"2x Called Off: Bitcoin Hard Fork Suspended for Lack of Consensus"
coindesk.com/2x-called-off-bitcoin-hard-fork-suspended-lack-consensus/

Dagangan aktif

Price just strongly moved down, at the moment we have 6750$, expecting price to move even lower.

Dagangan aktif

Komen
wxman99
Almost go to your support zone, though you were WAY early
umbertocaba
What is the next move now?
StanLeee
Are you still bear?
Simon_says
@StanLeee,
Yes and No. In short-term perspective price will move up but on long-term I still expect BTCUSD to move lower ~4900$.

Observe Bitcoin Cash as money escapes from Bitcoin to Bitcoin cash.
akaBeaver
it must be closed red
Simon_says
@akaBeaver, Agree
mr18
I like this analysis a lot
neuromancer
Very early for this prediction, but I'm a new trader
Lebih