so looking at the weekly chart, it looks as if history is about to repeat itself with
BTCUSD
.
looking at current fundamentals, this lines up nicely with uncertainty surrounding the upcoming Ethereum hardfork as well as the segwit2x Bitcoin hardfork in November.
so, you wanna play smart? don't touch this until that level. what's going on right now is a classic bulltrap IMO.
trade at your own risk.
BTCUSD
. looking at current fundamentals, this lines up nicely with uncertainty surrounding the upcoming Ethereum hardfork as well as the segwit2x Bitcoin hardfork in November.
so, you wanna play smart? don't touch this until that level. what's going on right now is a classic bulltrap IMO.
trade at your own risk.
Comment:
additionally, notice the bearish divergence on RSI here:
this may act as confirmation of this chart, which appears to be going smoothly so far.
Order cancelled:
market appears to have turned, though technically we won't know for certain until BTC breaches $5k.