As we were all surprised with the cancelation of B2X, FUD involved with BCash. Money flowing in and out of BTC skewed all projections and now has us confused on which direction it is taking. I had initially posted an idea which was following it identically before the B2X fork was called. Posted below.
As I do want to beleive that $7400 is a MAJOR resistance for BTC and we should see a leg extension to $4800 so I can get a better entry point
BTC decides to have us on a roller coaster of emotions, which is now why I am switching to the best case scenario right now. I believe BTC will break above $7400 and have a crazy bull run up to $82-8300 sometime tomorrow. As posted on my TA 13 days ago, $8200-8300 falls on the 16th.
From there we should have a healthy non-volatile correction... Atleast I hope.
As I do want to beleive that $7400 is a MAJOR resistance for BTC and we should see a leg extension to $4800 so I can get a better entry point
BTC decides to have us on a roller coaster of emotions, which is now why I am switching to the best case scenario right now. I believe BTC will break above $7400 and have a crazy bull run up to $82-8300 sometime tomorrow. As posted on my TA 13 days ago, $8200-8300 falls on the 16th.
From there we should have a healthy non-volatile correction... Atleast I hope.
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Close up version of current scenario.
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My thoughts.
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Break through right after that.
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Followed by.
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Breakthrough.
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Currently.
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