The move to the Centerline had a very high probability of over 90%, and it played out like textbook.
Bitcoin is now at a critical stage:
If price falls below the Centerline, I first expect a pullback to it, then a further down move to the L-MLH.
TradingView Blog: http://www.forktrading.com/tradingview-blog
Thanks for commenting.
It's somehow funny, the BTC/Gold HardFork & Forks :-)
To me this is prove Nr. 1020030 (LOL) that Forks work with everything where a environment is "living".
Be it with real living creatures, or people behind a market.
Forks even work fine with weather data or the cycles of Ants.
Basically it's a simple law of action/reaction and mean reversion.
But the real interesting part is the ruleset behind the Forks, as it makes them a high probability trading tool.
However - I will observe the e-currencies much closer in the future and dig deeper into this (for me new) world.
Appreciate your feedback anytime and if you like - I have a Chat here on TV --> "ForkTrading Method"
Stay save & Happy weekend