I realized this chart violated house rules the other day for putting a link to my podcast in so it was deleted. Analysis still on.
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Vertical line represents 2x fork day
GET YOUR POPCORN READY NOW! STAT! PRONTO!
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FYI, I am not worried about this drop. lots of fomo from BTC because the 2x fork was canceled for now. I think it'll still stay in the wedge here and if not there is a secondary support line. This volume is definitely welcome here.
Game theory at play without 2x in the near future now I'm even more bullish on bitcoin cash.
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hooray team, we did it.
I'd set a stop loss in under 680 to lock in profit. Then buy back in around breakout of 640. But it quickly fell back to there after the initial jump. I'll see what she's upto in a couple days. Depending on how high she wants to go I may sell some at a fib level to rebuy. But at some point I'm just going to let it ride and see what happens. (I'm of the flippening type)
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I have exited this trade.. very happily. Will probably buy it back when it gets bullish above 1500 or so