From my analysis over the last 2 months, it appears that smart money (Crypto Insiders) are/will be buying into alt coins shortly before the fork. This is pretty much standard practice. Note - This didn't really happen with the Bitcoin Gold fork, but I believe that's because Segwit2x was so closely following BTG, and because BTG was kind of a joke that was really only spearheaded by one developer with little to no support. The uptick in Alt coins with last until near or after the Segwit2x fork. While Smart money is leaving BTC, dumb money (People New to Crypto) will buy into BTC thinking that they might be at an decent entry point. My thought is that this will occur within the range of $6,500 to 7,700. Anything near that is a good starting point for exiting positions over the short term. Anything below $6,000 is a good buying opportunity to dollar cost average back into positions for more long term holdings.
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Not sure how many people are following this but so far I'm trending towards good advice. :)
Yes, but before BTC must touch 3760 with the 3rd wave, downtrend channel + flag. Long if break 7230
In_the_future
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@synolog, So much of that is event driven. If the upcoming fork has a "51% attack" or major concerns due to the lack of replay protection, than we could see a strong pull back, like the one you're mentioning. But it the fork goes well, than you won't see that low of a level anytime soon without some other major underlying news event that has a strong negative impact on bitcoin or the sector as a whole. And it would have to be a major event. US bans ICO's or something of that scale.