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darobsta
Oct 29, 2017 10:14 PM

The next month of bitcoin? (with fork) 

Bitcoin / U.S. dollarBitstamp

Description

As before : 2017 trading channel. Buy and sell zones. Various lines pulled out of my arse.

I have assumed that FOMO will keep going until fork-day. But this is not like any other as the intention is not to give anyone free money.. only 1 chain is "supposed" to survive! Does everyone know this? I have no idea.

This chart also assumes that fork-gate continues until fork-day, but if hash rate continues to drop then this whole fork thing could be resolved way before fork-day. If prices are anywhere near the top of the channel at that time (which they are already!) then prices could drop quite rapidly.
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