We have gotten close to breaking out of this downward bear flag. But we haven't. Also, at the time of posting this the sell to buy ratio is at %69.8 sell for the last hour and %58 for the last 24 hours. I think it is possible that it is going to grind downward over the slow weekend till it punctures the floor. Then the first stages of THE BIG DIPPER of 2017 will occur. Also could be forming a head and shoulders. I am not an expert. This is just an idea.
The fork will stand in the way of any major corrections imho. After the fork, however, I'm expecting fireworks. All of those people who didn't take profits after the last fork will be itching.
rywal
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@Box1515, interesting, i see what you are saying. but if people are not getting free B2X, do you think they will take profits before the fork, and then jump into their chain of choice?
Box1515
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@rywal, several of the big exchanges have already indicated that they will support both chains, so the free coins are pretty much in the bag. Worst case scenario though, traders will just move them to a wallet and then back to the exchange after the split. Considering that BCH is on a massive bull run and B2X futures are trading at $1,500+, I think many will hold or pick it up on the little dips.