Bitcoin - Ahead of August 1st

COINBASE:BTCUSD   Bitcoin / Dolar
Well, August 1st is approaching and I'm putting forward one potential outcome following the changes to the bitcoin network.

Today we have BTC/USD on the 1h chart with a bearish BAMM (Bat Action Magnet Move) setup in combination with a bullish bat pattern.

The measurements for a valid bat pattern are detailed below.
B: 0.382 - 0.50
C: 0.382 - 0.886
D: 1.618 - 2.618
Final X to D: 0.886

I understand the BAMM theory will be relatively new to most traders, this style of trading simply focuses on a breakout of the B point.

A clear break and close below support at B would indicate further declines for bitcoin heading towards $1900 where we may see a short term recovery upon completion of the bat pattern .

Green area displays the profit zone.

If we do see a sell-off I will be sure to keep everyone updated.
Komen: I'm looking for a drop to $2620 short-term followed by a break of the lower trendline.

📈 Learn How to Trade the Most Advanced Market Patterns: https://www.sixfigurecapital.com

∙ Telegram Channel: https://t.me/SixFigureCapital
∙ Facebook: https://www.facebook.com/sixfigurecapital
∙ Instagram: https://www.instagram.com/sixfigurecapital
well 2620usd seems very very realistic. However what i'm banging my head at is that after all this bch price momentum, why didn't btc nor even alts be influenced by the price??? I was sure BCH holders would cash out into BTC then btc into alts and then fiat, but basically the money ended up no-where it seems
LewisGlasgow ShyamProietto
@ShyamProietto, it was extremely underwhelming to say the least, this was mainly due to the fact that the event had already been priced into the market well in advance of August 1st.

A strange situation indeed.
sifeij LewisGlasgow
@LewisGlasgow, a lot of people still could not deposit their BCH to exchange and sell it.
Larger pattern here mate -
@ChimbOt, very well spotted mate, I'll keep an eye on this! Although the full extent of the move seems unrealistic it does support a correction.
ChimbOt LewisGlasgow
@LewisGlasgow, Crypto is controlled by private group :D very easy, alot of dumb money and unregulated. its all about who you know :D

WE will see $1100
@ChimbOt, trust me, I'd love to see it happen lol!

What has this chart got to do with the one above? Solid prediction though.
EdFranco LewisGlasgow
@LewisGlasgow, I regret having stumbled upon your predictions, Lewis, i should've trusted myself.
@EdFranco, this prediction would not be valid until $2400, read the full post in future sir.

All the best!
EdFranco LewisGlasgow
@LewisGlasgow, Yeah, as i said, it was my mistake, but it more than doubled your lowest price prediction.
MS Bahasa Melayu
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Laman Utama Penyaring Saham Penyaring Forex Penyaring Kripto Kalendar Ekonomi Bagaimana ia berfungsi Ciri-ciri Carta Peraturan Dalaman Moderator Laman web dan Penyelesaian Broker Widget Perpustakaan Carta Stok Permintaan Ciri Blog & Berita Soalan Lazim Bantuan & Wiki Twitter
Profil Tetapan Profil Akaun dan Pengebilan Tiket Sokongan Saya Hubungi Sokongan Idea-idea yang diterbitkan Pengikut Mengikut Mesej Peribadi Sembang Daftar Keluar