BITSTAMP:BTCUSD   Bitcoin / Dollar
As described on the plot, first red candle on weekly time frame indicates long term correction up to previous high/support level.
Trade ist aktiv: Bitcoin Fork was suspended/cancelled that may cause price to move down.

I believe many people invested in Bitcoin recently (that pumped up the price) as they wanted to double their coins due to 'fork'. I know people taken big loans (10k-20k$ or more) expecting to make a quick profit alike it happened on Bitcoin Cash. If 'fork' will be cancelled then the same people will be forced to sell their bitcoins to pay back their loans. for that reason I believe price of the Bitcoin will go down.

"2x Called Off: Bitcoin Hard Fork Suspended for Lack of Consensus"
https://www.coindesk.com/2x-called-off-b...
Trade ist aktiv: Price just strongly moved down, at the moment we have 6750$, expecting price to move even lower.
Trade ist aktiv
Almost go to your support zone, though you were WAY early
+1 Antworten
What is the next move now?
+1 Antworten
Are you still bear?
+1 Antworten
Simon_says StanLeee
@StanLeee,
Yes and No. In short-term perspective price will move up but on long-term I still expect BTCUSD to move lower ~4900$.

Observe Bitcoin Cash as money escapes from Bitcoin to Bitcoin cash.
+1 Antworten
it must be closed red
+1 Antworten
Simon_says akaBeaver
@akaBeaver, Agree
Antworten
I like this analysis a lot
+1 Antworten
Very early for this prediction, but I'm a new trader
+1 Antworten
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