BTC has seen action with the recent dip and is currently consolidating.
I can see potential for up and down movement and the Segwit2x lock in (or failure thereof) is a good narrative for both cases. Watch BIP91 lock in here: www.xbt.eu/. It could complete in 15h, but it requires 80% and currently 79.6% are signalling. Very close call.
A flag is a strong bullish signal which might push BTCUSD up to $2700 (using $2600 as a more conservative target).
Head-n-Shoulders is a strong bearish signal, which could make it scratch the $2000 again.
I can see potential for up and down movement and the Segwit2x lock in (or failure thereof) is a good narrative for both cases. Watch BIP91 lock in here: www.xbt.eu/. It could complete in 15h, but it requires 80% and currently 79.6% are signalling. Very close call.
A flag is a strong bullish signal which might push BTCUSD up to $2700 (using $2600 as a more conservative target).
Head-n-Shoulders is a strong bearish signal, which could make it scratch the $2000 again.
Kommentera:
Not going down into buy zone. I guess people are already anticipating a lock in and prepare for a rally afterwards.
Kommentera:
Rally happens before lock in.
Kommentera:
I did draw that green arrow to estimate the height, not for BTC to actually reach its tip. At the current rate it will though. Crazy.
Kommentera:
What a rally. That buy zone did not realize and I FOMOed in on the breakout.