The Bitcoin Roller-coaster Is About To Start Up Again!

アップデート済

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.

ノート

Possible inverse H&S could signal more up movement.

ノート

So far scenario 1 is playing out perfectly...which makes me very suspicious. I'll do an updated chart in a minute.

ノート

RSI is almost oversold. Cloud looks okay, but not overly convincing. Could go either way. Be safe.

ノート

Ascending triangle much?

ノート

A little bit earlier than expected, but scenario 1 played out perfectly. I hope you all made good trades! :)

ノート

Facing pretty strong resistance at the top of the yellow channel. Might see some consolidation before another move.

ノート

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.

ノート

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.