BTC is right up to the top of its long term (2017) channel

Bitcoin / U.S. dollarBitstamp

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⋅ 4. Nov. 2017 21:21

Will it break through and go mental? Will it stay contained right up to fork-day or fork-fizzle-day?

I have started selling (a small % of holdings) slowly again, keeping some spare in case it makes a break for it.

Good luck!

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⋅ 8. Nov. 2017 17:53

Unless its fake news .. the segwit2x for is dead!! :-) 1d before my fork-fizzle day too.

Just went a bit over the long term channel, not enough to be meaningful, especially considering the margin for error.

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emjo

⋅ 4. Nov. 2017 22:11

Yeah, I've started selling a small percentage as well around 7300-7500. Also wondering if we'll have a continued upthrust, a small pullback and new ATH (+7800).. or the beginning of an anticipated downtrend. Thinking a larger downtrend around fork date.

darobsta

⋅ 5. Nov. 2017 09:04

@emjo, sounds reasonable.. although even within the long term channel there is a high of around 8200 at fork day. Fork is showing early signs of cracking so if the fork is (theoretically) currently holding the price up then it may fall earlier than the 15th. Another possibility is that it punches through the top of the channel and goes totally mental... I think that is less likely.
Good luck!

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