Ok so the segwit2x fork is going to occur within few hours. Every person holding BTC will receive B2X with a 1:1 ratio. Meaning if you have 1 bitcoin you will receive 1 B2X. If you have 0.3 BTC you will get 0.3 B2X. No you don't need to do any action to get the B2X coin. After few weeks from today exchanges will start adding B2X so you will be able to trade it....
With recent news about Parity and the continue decline of altcoins before the B2X fork, I'd expect a drop in ETH down to 280 level. I don't think after the fork we will see exponential growth of ETH. Rather a steady incline to the 380-400 levels over a period of 1 month.
Bitcoin has broken down from the rising wedge pattern, instead of breaking through a MAJOR resistance line. Feel free to scroll back on the chart to see where this (purple) resistance line comes from. I'd like to explain how I use bitcoin price action to trade into alts. I like to use these resistances or breakdowns to jump a little into alts. This is because...
Who knows what will happen to BTC come November 17th. What we do know is by November 13th Bitcoin Cash will fork to adjust its hash rate difficulty algorithm. "The original Bitcoin Cash “EDA” allowed Bitcoin Cash to survive as a minority chain but produces wild fluctuations of hashrate. This is problematic because it prevents consistently fast confirmations for...
We're seeing very similar patterns of price action today, 14 days from the 2X fork, as we saw 14 days before the bitcoin gold fork. Something to watch will be a potential repeat of the pattern which drove LTC from $50 to $70 in 2 days If BTC has a large correction from its current all time high of $6900-7000 because of the speed of growth which seems highly...
As you can see 4 Hour support has been holding up well for BTC. During the previous fork we bounced off 4hr Ichimoku before slingshotting to an ATH for the BTG fork. After a retracement back to the 4hr Ichi, accumulation is happening for the next B2X fork which is in 20 days (expect it to happen sooner). BTC entry 5.5-5.8 BTC target 6.8-9.5 BTC accumulation...
As you can see 4 hour Ichimoku Support has been holding up well. In the past accumulation occurred at the support and bounced right off to an ATH for the BTG fork. We then retraced back to Ichimoku Support for the sake of accumulation for the B2x Fork which will now take us to another ATH. Entry 5.5-5.7k Target 6.8-9k This fork will be the catalyst for a Bull...