So, BTC broke discipline with the downward pattern already established. Now it is throwing mixed signals. It is bullish short term, that much is clear. So, will it follow the new bullish channel or revert back to the previous bearish trend despite having broken the pattern? Keep a close eye on it. If it follows in the green bullish channel for the next 10 hours, it will be safe to say that we have recovered. I recommend opening small positions at this point. Worst case scenario it will revert back to its previous bearish channel and if you spot it on this chart, just sell/close your positions. I'll update this post as further developments ensue.
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Interesting development. We will know in a few hours where the price is headed. I will open positions accordingly and post an update here.
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Seems like the new bullish channel will hold. Wait for confirmation.
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I've opened a few positions. I don't mind if I have to hold in red for a few days but in my opinion, a drop to 8k or 9k is out of the picture and the bullish channel is being respected.
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Big buy walls on GDAX, Bittrex and Poloniex. The reversal seems real this time.
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I don't recommend trading any alcoins the next few days until Segwit2x as money from altcoins will be going into BTC so people can receive the free B2X coin.
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Trying to stay within the bullish channel but watch out for a solid break down to the bearish channel. Chances are it will continue to bounce up as volume builds up.
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Bullish reversal confirmed. We are out of the bearish channel. All in.
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BTC fixin' to steal the show for the next few days by sucking all altcoin money before Segwit2x.
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BTC just broke resistance. Extremely bullish at the moment. I wouldn't be surprised if it crossed 18k today.
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Tactical Opportunity Update:
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Follow for updates on cryptocurrenices, undervalued companies and tactical opportunities.
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Congratulations to all those who bought at 15 or below. I hope you enjoy your free B2X coins. Good luck, y'all.
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When the Segwit2x hard fork is over, it would be a perfect opportunity to buy your favorite altcoins as the whole market except BTC will be red and everything will be available for a grand discount!
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We are still long and we think BTC will keep rising but, and it's a big ol but, be warned that this market is fairly nascent and can be easily manipulated by a few whales. Segwit2x might be a big attraction to drive the price up but it could also be an ambush, you never know it unless you step into it. So, my advice to y'all is to be constantly on the lookout these next few days. Nothing is certain. Trade safe!
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Nothing is going to bully me out of my BTC positions till I get a piece of my free B2X coins after today's Segwit2x activation. If you want logic and reason, this is madness, get out. It could go all the way down to 8k because it is certainly not over yet. If you want to hold, by all means go ahead.
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BTC going down the crapper. H&S Pattern Confirmation. Picking up more at 10k.
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When this is over, I'm picking up a sh*tload of Ethereum in the 500s. That would be a real treat. BTC seems to be losing its spot. Its dominance on the crypto market is fading.
Not bullish, not bearish. what channel are we in now? sideways!?
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in the rules of an h&s there should be a lot of sell volume breaking the neckline , rs needs more volume than the ls and the head for now there is not enough volume to confirm the h&s, what do you think?