The next month of bitcoin? (with fork)
As before : 2017 trading channel. Buy and sell zones. Various lines pulled out of my arse.
I have assumed that FOMO will keep going until fork-day. But this is not like any other as the intention is not to give anyone free money.. only 1 chain is "supposed" to survive! Does everyone know this? I have no idea.
This chart also assumes that fork-gate continues until fork-day, but if hash rate continues to drop then this whole fork thing could be resolved way before fork-day. If prices are anywhere near the top of the channel at that time (which they are already!) then prices could drop quite rapidly.
I have assumed that FOMO will keep going until fork-day. But this is not like any other as the intention is not to give anyone free money.. only 1 chain is "supposed" to survive! Does everyone know this? I have no idea.
This chart also assumes that fork-gate continues until fork-day, but if hash rate continues to drop then this whole fork thing could be resolved way before fork-day. If prices are anywhere near the top of the channel at that time (which they are already!) then prices could drop quite rapidly.
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