I went to the sidelines just before the BTG fork, but there is no way I'd be caught short. I agree with you that I favour downside ahead but a lot is going to hinge on the SegWit2x news and a blow-off top is still a possibility if people go mad for more "free coins"
PS - Take a look at Bitcoin Cash. Catching a bid right now and could be a big mover if SegWit2x looks like a flop as the big block supporters will then move fully to support BCH.
Yeah I wasn't mad enough to hold it over the weekend - just took 100 points and ran. We still have a good two weeks before here and the next fork so plenty room for lower. I'd be happy to buy a signal at the lows though!
BCH actually looks like quite good, though reminds me a little of all the times the STEEM chart looked "good" lol
Agree though, Bitcoin needs to advance tech wise, it is already obsolete. People will move on if this isn't addressed.and rally will become bubble.
Good move playing it safe over the weekend. This is one of those times where fundamentals will overwhelm technicals if we get the right (or wrong) news development.
BCH is up 14% today according to CMC and is the only top 10 crypto to be in the green. I really should have bought some. Would love to see you add BCH to your technical analysis of Bitcoin for the next couple of weeks while this SegWit2x fork plays out in particular it will be very relevant.