The current downward wedge will probably continue until around the $8100 support. Hopefully then it will bounce and respect the year-long trend line. After a little over a week of consolidating in response to the $11k run-up, we can expect BTC to continue upwards.
BTC's year-long resistance has been broken through for the first (meaningful) time. My guess is that it will continue to rise in the short-medium term, but there will be a serious correction by 2018.
Last night, BCH jumped above its resistance lines, triggering the correction that everyone was nervous would be a crash. During the day, the price mostly consolidated, without breaking its trend. This trend has been broken through recently, and it even broke through the newest support line. Expect a large bounce above or at $1k support line.
Bitcoin Cash's...
Bitcoin appears to only be going up so far, and there are strong support and resistance lines. With the current trend, and Bitcoin at an all-time high, the best idea is to short until around November 14th ($4100).
