forker

BTC - Bitcoin at a critical stage

BITSTAMP:BTCUSD   Bitcoin / Dollar
Price has reached a extreme at the U-MLH, where a pullback was expected.
The move to the Centerline had a very high probability of over 90%, and it played out like textbook.

Bitcoin             is now at a critical stage:
If price falls below the Centerline, I first expect a pullback to it, then a further down move to the L-MLH.

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Interesting how using a "fork" line analysis corresponds with the upcoming Bitcoin Gold HardFork. "Hardfork Hangover" is beginning to seep through. But using the fork analysis is the most apt as it fits perfectly.

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forker PRO baronbloe
Hi @baronbloe,

Thanks for commenting.
It's somehow funny, the BTC/Gold HardFork & Forks :-)

To me this is prove Nr. 1020030 (LOL) that Forks work with everything where a environment is "living".
Be it with real living creatures, or people behind a market.
Forks even work fine with weather data or the cycles of Ants.

Basically it's a simple law of action/reaction and mean reversion.
But the real interesting part is the ruleset behind the Forks, as it makes them a high probability trading tool.

However - I will observe the e-currencies much closer in the future and dig deeper into this (for me new) world.

Appreciate your feedback anytime and if you like - I have a Chat here on TV --> "ForkTrading Method"

Stay save & Happy weekend


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