UnknownUnicorn897809

Bitcoin - No 2x fork, things have changed

BITFINEX:BTCUSD   Bitcoin
Now that there will be no free coins, I think that BTC will have a correction to the previous level of resistance, which is 5k. Now that 2x isn't a thing, that value will be drained from BTC's current price, as the reason BTC rallied was because the market factored in the price of 2x into BTC. I'm waiting for 4900-5000 to go long again, however, I'm not short right now. Just holding.
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Waiting for 5k
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Looking at 6k for a little local bounce, might open a margin long

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Setup:

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Looking @ some time periods for previous corrections, before considering a long for a bounce at 6000

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