Evermore
Short

BTC - Can history repeat itself?

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
BITFINEX:BTCUSD 's attempt at the $3000 ATH in June 2017 was followed by an the initial selloff, then several weeks of sideways movement, before a huge plunge to $1850 (a previous high) before beginning the move upwards towards $5000.

Will we see something similar now?

Perhaps a period of sideways movement, followed by a plunge (perhaps toward $3000 - June's previous high), before continuing movement upwards to $5000 - and beyond.

Strategy: Short, then Long
SMA100 should be a sufficient entry point in the upcoming weeks.
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Evermore AdrianZieniewicz
@AdrianZieniewicz, Indeed! :) I read SMA 100 at about $2930, which could well be the target for a large dip - if one were to come...
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My suggestion is the first fractal low in June was shallow, thus bitcoin went sideways a bit to work off the bullish excess from below. The current fractal had a deeper decline in September, thus it may not require as much of a sideways movement before heading higher. So don't expect to be short as long.
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Evermore btreehouse
@btreehouse, yes I agree - we've already had a big dip and a fair deal of sidewise :)
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I agree with your strategy and its the position im taking: Short then Long.
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Evermore mooneymoonman
@mooneymoonman, mhm, I'm looking for the best place to long into October, which I expect to be bullish overall
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@Evermore, i was hoping things would have picked up by now but with segx2 at the end of the month im not sure what the next few weeks will bring. Other than PIVX which rallied on news and a few newly released coins there hasnt been much price action. I think its going to be a bit of a waiting game unfortunately. Its a good time to do some market research.
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Evermore mooneymoonman
@mooneymoonman, I was quite pleasantly surprised to see the PIVX bounce yesterday :) Their roadmap has some great new developments during October.
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@Evermore, i looked at their website on Tuesday, went onto Bittrex to buy some, saw lots of red among the other coins, the top ten werent doing much on Coinmarket Cap either and decided not to buy. Obviously ive still got the jitters from the China fud episode.
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Well, we've already seen the plunge, so...
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