Last weeks we had healthy consolidations. I expected an end of this period now or in a couple of days. I believe, this applies to all digital main currencies.
BTC is now at the Price-Fibo (0.786). I think that we do not go further down - max. 2.430 USD. In expectation of the bitcoin segwit activation on august 1 (Timing-Fibo 1.618) - imo - it will go up (+35%).
@btcinvest.de do you think alts may follow btc rise? Or its too late for most of them this season?
BTCINVESTING
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@DarekJasica, imo sure not. look at the candles of last year. there is near the same down with an stong up at the end of the year. here an old chart. we are still on track. be patient. we are still at a beginning of an longterm trend.
Looks like we are going lower then 2400. Target fib 0.5 , around 2000?
BTCINVESTING
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@watti, maybe. i dont think so. here a close up from my chart. fibo 0.618 is my lowest low. you see the purple rings. imo here we have strong support. let's see.