BTCUSD: Analysis update for my clients

I'm watching it closely, we have still time to rally, and a lofty target at 1653 but, due to fundamental risks, I don't think we will break out like that, and merely grind sideways until we pullback down slightly.
If BTC gets a hard fork we could see a rapid fall, but, if things pan out similarly to Ethereum, we might get some 'free coins' to sell for more BTC at Kraken, which will make up for the eventual decline in BTCUSD's price.

An equivalent drop to the one ETH suffered after the fork would put BTCUSD at 880 give or take, and if the BTCU tokens we get for free from the other chain, act like ETC did, we will be able to cover up to a 30% decline in BTCUSD, from selling these coins.

Good luck,

Ivan Labrie.

Bình luận:

We have sellers at the resistance level above, now we need to wait for a bottom in it. Let's watch. I'm considering a BTCUSD short to hedge our longs, because $ETHEUR is at dangerous heights s3.amazonaws.com/tra...shots/e/EoGZM1wZ.png
Another thing, I made a mistake, a small typo: OkCON.
it's a fitting name for Star Xu's and his fellow conmen.