Prepare for a correction until (at least) the 2x fork of Nov 16

As we stated before, we are entering a correction period for Bitcoin. So we still believe that it is not a good time to buy Bitcoins.

We propose :

A) To sell Bitcoins before Thursday, Nov 9 and rebuy shortly before the 2x fork of Wednesday, Nov 16.

OR

B) To sell Bitcoins before Thursday, Nov 9 and wait a little bit after the 2x fork to see if the trend continues to go down. If this is the case, then WAIT. We do not know if the correction will stop at 6000 $ or if it will go lower at even 4300 $ as we said in previous posts (see annexed idea).

Of course, when the trend turns up, then we will be heading to 8000 $ or even 10.000 $ !!


***Check also the 2 annexed ideas to see our study that shows that trend reversals of BTC/USD seem mostly to happen in the middle of the month!!

Trade active:

The fork was canceled and bitcoin kept going down. Check my recent BCH idea to save the money you invested in bitcoin :
"BTC and BCH "anti-symmetric" patterns. How to profit from this."

Trade active:

BTC under 6.000 US$ now. The trend goes down and we will see which is the next support level.

Trade closed: target reached:

The target was reached, Bitcoin fell bellow 6.000 US$. Position closed.
You can try to wait later for 4300 US$, the decision is yours!