After the healthy correction, which I already mentioned in previous ideas. BTC perfectly bounced its new trendline, and formed a strong support. Besides that, I will not be surprised if BTC will rise faster than BCC next days, because of the hard fork Segwit2x december 28th. Besides that we will collect our free BT2.
Target 1: 15800 (20ma) Target 2: 16700 (200ma hourly) Not on this chart Target 3: 19120
SL: 12700
Fundamentals: Segwit2x hardfork
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Questions? Feel free to ask and your feedback is welcome and enjoy your turkey tonight! (Or something els ;))
Trade active
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BTC is indeed rising faster than BCC. We are moving towards our first target. :-)
Trade closed: stop reached
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First target reached. We have perfectly touched the 20ma. (Yellow arrow) :-) A close above 20ma is needed to reach our next target.
This is a perfect example of benefiting from panicers in a bull market, by just following your analysis. A healthy correction doesn't mean the whole market is gonna crash. Congratulations with your profits.
I'll keep this chart updated about our next targets.
Trade closed: target reached
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I contacted Segwit2x, the brokers in the link will surely support Segwit2x. They couldn't confirm Bittrex, Bitstamp and Coinbase. They are not sure, because they didn't make an announcement again after the canceled last fork.
We bounced the strong support line again. (Yellow arrow) I know that many people are posting short ideas, because we saw some corrections last weeks, but we are still bullish. ;) Next resistance 20ma.
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We broke our strong support line, so we are now bearish in the short term. 8700 is possible now. I'll post a new chart soon to make things more clear.
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Trade closed: target reached
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I've posted a new idea for BTC. Please, click on the chart below or find it on my channel. I'll only post new updates there.
pls anyone can explain me how segwit can affect btc? i mean is the fee going down? trasaction speed better? thank u
Doc-al-Citadel
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@maddeneyevan, Segwit 2x Features
X11 encryption
Block rate 2.5 minutes
Difficulty readjustment each block
Block size 4mb
Replay protection
Unique address format
DejanVG
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How is with bitstamp? Do they support?
Trades999
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@DejanVG, I have not yet seen a statement. So I do not know. Someone who has more information about this?
magistralfit
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buying the BTC/USDT as per today date by Bittrex we can benefit of the hardfork on 28th ?
Trades999
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@magistralfit, I don't see an official bittrex announcement for the 28th yet. But they made an announcement in November, so I think the chance is high, but I'm not sure.
sonoferik
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@jelmerrr, Do you think GDAX/Coinbase will support it (based off the same reasoning). I haven't seen any announcements from them as of yet.
dhiraj.dhiru
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@sonoferik, They have been very slow and reluctant in making these big changes. Their recent BCH implementation was very contentious and they are dealing the heat of that as of now. Not sure how quick their team will be. But they will have to implement eventually.