BTC loading for action
Updated
BTC has seen action with the recent dip and is currently consolidating.
I can see potential for up and down movement and the Segwit2x lock in (or failure thereof) is a good narrative for both cases. Watch BIP91 lock in here: xbt.eu/. It could complete in 15h, but it requires 80% and currently 79.6% are signalling. Very close call.
A flag is a strong bullish signal which might push BTCUSD up to $2700 (using $2600 as a more conservative target).
Head-n-Shoulders is a strong bearish signal, which could make it scratch the $2000 again.
I can see potential for up and down movement and the Segwit2x lock in (or failure thereof) is a good narrative for both cases. Watch BIP91 lock in here: xbt.eu/. It could complete in 15h, but it requires 80% and currently 79.6% are signalling. Very close call.
A flag is a strong bullish signal which might push BTCUSD up to $2700 (using $2600 as a more conservative target).
Head-n-Shoulders is a strong bearish signal, which could make it scratch the $2000 again.
Note
Not going down into buy zone. I guess people are already anticipating a lock in and prepare for a rally afterwards.Note
Rally happens before lock in.Note
I did draw that green arrow to estimate the height, not for BTC to actually reach its tip. At the current rate it will though. Crazy.Note
What a rally. That buy zone did not realize and I FOMOed in on the breakout.
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