Longer term thoughts on BTC with the FUD of August 1 factored in. I think it could go one of two ways:
1. Bitcoin is relatively unshaped by the developments that occur on August 1 and continues a slow rise to take out the ATH in the next month or so.
2. August 1 rolls around and people start freaking the fuck out. Tons of FUD. BTC drops way back down to previous support levels.
Either way it's going to be a wild ride. But remember, if your exchange is unclear about what they will do in the instance of a hard fork, keep your BTC on a hardware wallet for god's sake!
Good luck friends. Safe trading.
1. Bitcoin is relatively unshaped by the developments that occur on August 1 and continues a slow rise to take out the ATH in the next month or so.
2. August 1 rolls around and people start freaking the fuck out. Tons of FUD. BTC drops way back down to previous support levels.
Either way it's going to be a wild ride. But remember, if your exchange is unclear about what they will do in the instance of a hard fork, keep your BTC on a hardware wallet for god's sake!
Good luck friends. Safe trading.
Nota
Possible inverse H&S could signal more up movement.Nota
So far scenario 1 is playing out perfectly...which makes me very suspicious. I'll do an updated chart in a minute.Nota
RSI is almost oversold. Cloud looks okay, but not overly convincing. Could go either way. Be safe.Nota
Nota
Ascending triangle much?Nota
A little bit earlier than expected, but scenario 1 played out perfectly. I hope you all made good trades! :)Nota
Facing pretty strong resistance at the top of the yellow channel. Might see some consolidation before another move.Nota
Looks like we are bouncing of the resistance that has turned into support. Stoch indicates oversold. Waiting on RSI and lagging span to stabilize before another run is confirmed.Nota
Resistance at the top of the mid channel (yellow) has been broken. RSI and Ichimoku still look great, but Stoch is indicating overbought, so I'm expecting some downside before more upwards movement. We might bounce of the previous resistance. Could turn to support.Nota
Or we could just go to the moon nowNota
Just be aware. There will be a pullback soonish.Nota
Ding ding ding.Nota
Expecting something like this.Nota
Tantilisingly close to my target from two weeks ago. The recent top just kissed the top of the blue channel before dropping back a little.Nota
Well that fucking escalated quickly didn't it?
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