BTC - Correction started as foreseen - Update
Hello all,
As I was warning you since 2 days ago via these publications,
we are having a nice correction on the BTC :
We should now try to reach the support line in orange or consolidating a little, waiting that the MMA13 is close to the current level.
If we continue to drop, the important is to don't brake the second support line in blue. The brake of the line could stop the bullish trend that we have since several days so we need to be careful around this level.
I wish you massive profits,
Cryptopassion.io
Disclaimer : Never invest more than what you can afford to lose. This post is my personal opinion, do your own research before making any investment decisions. If you make any trades after reading this post, it is completely in your responsibility. I am not responsible for any of your losses. By reading this post you acknowledge and accept that.
Version française ici : [FR] BTC - Correction en cours comme prévu - Mise à jour
I wonder if we will have a sizable correction before the Segwit2x hard fork and then go up leading into Nov. 13/14. In any case it seems many of the alt coins are poised to rally based on their analysis. I'm looking forward to what this month brings! Thanks for your analysis as always @cryptopassion :)
We won't. The correction may be suzeable but shortlived. It may correcte and reverse within 1 to 2 days.
What is your opinion on future direction? Will the correction continue or will the up trend resume? How deep is the correction likely to be?
I think we must at least touch my first objective about the MMA13
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All signs are pointing to up, it's just how it goes up in the meantime, if you hold BTC then continue to hold - the fork means you'll only get more currency even if it loses some value. However for spread betters, put your stops wide and fasten your seatbelts!
My speculative view is in line with most, it will rise until the fork at the least - it makes sense that people will buy. After that point, who knows. How it rises along the way - big drops and sharp increases or slow progression - again it's anyone's guess.
If you're a spread better then you're already a risky bugger and therefore you hopefully have a fair idea of your game plan. Those who are new to it...godspeed.
Will see what happens!
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