Looks like BTCUSD is nearly ready to break resistance past all time high levels.
However the lack of new money coming into the market is stalling the growth of BTCUSD, and only hurting the alt markets.
Many alts are looking like they are about to show long term reversal patterns, while Bitcoin seems to still be on it's way up.
Most likely the demand for Bitcoin will increase as the next "Hard Fork" comes up on the 25th with Bitcoin Gold.
This may be the quiet before the launch toward the next high, but we will most likely see a very large crash right after the hard fork.
I cannot currently establish a target price for BTC due to technical diffiulties (chart won't let me scroll up for some reason.)
However the lack of new money coming into the market is stalling the growth of BTCUSD, and only hurting the alt markets.
Many alts are looking like they are about to show long term reversal patterns, while Bitcoin seems to still be on it's way up.
Most likely the demand for Bitcoin will increase as the next "Hard Fork" comes up on the 25th with Bitcoin Gold.
This may be the quiet before the launch toward the next high, but we will most likely see a very large crash right after the hard fork.
I cannot currently establish a target price for BTC due to technical diffiulties (chart won't let me scroll up for some reason.)
Trade active:
So far so good
Trade closed: target reached
Ooops.