BTC - Short hop to the fork...

2017年11月3日

Little resistance seen between the upper fib levels, new money hitting the market boosting market cap to $200 billion, another milestone for the beast that is BTC. Last cycle seems to show breakdown of the current run coinciding with the SegWit2x fork or somewhere near. Let's see, I expect a correction which could be severe inline with the recent gains (what goes up...) however my prediction is that previous resistance will give support looking for a re-fuelling to take place ideally around $5700 which would be a good place to re-build and provides a good level of market confidence to move on to bigger ATH's.

Any movement outside of this trend means I will have to go back to the drawing board.

I expect Altcoins will suffer further losses to BTC on the lead up to the fork but a swift recovery after to higher highs on the lead up to the festive period and new year. 2018 could be epic!