Bitcoin USD - Mid Day Update - July 26, 2017: Market volatility increasing
A lot of uncertainties around the July 31 BP141 segwit deadline is resulting in increased market volatility. Trying to make any move prediction at this time is a really gamble, nobody knows for certain what is going to happen.
From the technical analysis side, Point of Control is centered around 2325 area, currently BTCUSD is trying to recover from the small correction to the 2900 rally. 2475 is the closest HVN (high value node) area, so it will seek balance there, and if rejected, look for lower, with support at the broken downtrendline (shown in red). We might see a bounce if it touches this red line.
Let's see how this plays out. As a trader, volatily is the source of opportunity. Good luck with the fork, and hope your positions are protected.
Feel free to post comments or ask me any questions :)
Until my next post.
Gud job.. I'm thinking it still doing short.. spike 1st then short
@doqstrader thanks.
. Be careful too as it could be the next leg up!
Look for a sign of weakness if you do
Thanks trader.. I'm on bbma.. ma sign not good on monthly.. therefore bb go ranging for monthly
Fun funds & fundamentals. Hold on folks- long bumpy ride. Woohooo!!
Yep. I like your attitude! :)
Segwit certainly gunna be an interesting event!!
Countdown starting in 3..2..1..!