It's actually a triangle and you'll likely get rekt.
josephtse
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I think it may fall under 2000 first. likely 1800 area.
coltsrule7
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That is not a bullish Flag. You are just wrong. That is a classic Head And Shoulders Top. See here:
mozartc
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In the aftermath of segwit2x ?, I do not think so. Then yes, it goes beyond.
nakov
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@mozartc, aftermath? What aftermath? When exactly? I know about Segwit, so please straight to the point.
mozartc
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@nakov, We have almost 10 billion less, the fear of segwit2x will undoubtedly cause the currency to go to the bottom, for fear. The likely split of bitcoin will bring discomfort to the investor by August 1. Now, after this day, we will have a new rally.
mozartc
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@nakov, In the weekly we still see the price going up and it should continue like this until we have a decision on the Segwit, until everything is resolved we must continue with much uncertainty in the market, the tip is not to operate this period and look for ways to protect itself.
We see the price losing bottom and now doing pullback, should probably continue falling, after this if you have not yet sold but want to sell, this would be a good time.
In this moment of uncertainty it is important to protect yourself, if you are not going to sell your bitcoins, put them in a secure wallet where you hold possession of your private keys (mycellium, ledger, paperwallet, electrum) and thus you can wait for this troubled period with security , If you sold it just wait for all the problems to go through and then repurchase.
nakov
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@mozartc, OK let's get it 1 by 1.
i. 10 billion less - mostly in alts. Check market dominance marketcap before and after.
ii. Fear of Segwit2x - what fear? Only ppl who are unaware and uninformed are fearful. So WHAT is going on on August 1st - on this date?
iii. We must continue with much uncertainty? According to whom? The price should be below 2k by now, but it only fell to $2250 twice retesting the level with less and less power. Somehow it ain't fallin', what's uuuup?!?!?
iv. We are in trading. Bad news and uncertainty is a good opportunity to get it going, you should know that. Otherwise you get on the bus when everybody is onboard. Do you think whales know that too?
So, why are you giving the date August 1st - what will happen then?
mozartc
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@nakov, Whales want to buy at a low price and the only opportunity will be that.
Following his line of reasoning, going to $ 1600 would be impossible. Now in an impossible scenario, where everyone agrees with you, it would be the best opportunity for that to happen, as whales would buy by themselves.
As impossible and irrational as it may seem, this scenario will change very fast, however briefly.
HondaJr
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@nakov, If Segwit 2x is done , then there is no possibility of hard fork right? So Segwit 2x is good for the price of bitcoin?
Most people don't know what is going on Aug.1st and just feeling fear and uncertainty..