Last night's BCH/Korean Exchange battle sent BTC over a cliff. A half dozen whales could have "saved" (short term up-trend support at ~6400) BTC,.... but no one did. It's clinging there on the ledge, hanging, looking pretty vulnerable.
What was a nice channel up (previous, now REKT analysis I provided recently) up has been breached by the BCH pump and diversion of resources.
Analysis:
Orange line - simply drawn from 16 July low and bisecting all else - running over the top of 15 Sept era volcano rim.
Watching:
BCH game
Will Orange line hold? (is it technically feasible?)
What was a nice channel up (previous, now REKT analysis I provided recently) up has been breached by the BCH pump and diversion of resources.
Analysis:
Orange line - simply drawn from 16 July low and bisecting all else - running over the top of 15 Sept era volcano rim.
Watching:
BCH game
Will Orange line hold? (is it technically feasible?)