Thanks again for another great video Luc, I learn something new each time and my ability to read the charts is definitely improving.
I have a quick question regarding the timeframe for any potential BTC drop due to the fork.
As of 3pm UST, the price had dropped to around 2550 and is now back up around 2700. Is this play still ongoing or do you think a much bigger drop through some of the bases is unlikely now?
If any other more experienced traders would like to answer, that would be much appreciated.
The bitcoin cash fork is fully underway but the process itself could take up to several hours or even days to complete.
As of 3.06pm BST the BTC blockchain is five blocks ahead of the BCC blockchain which is yet to produce its own currency.
“It's likely going to take at least several hours,” bitGo engineer Jameson Lopp explained in a tweet.
According to BioInc co-founder Jeff Garzik, BBC is currently mining at just over one per cent of the BTC hashrate, which means it would likely only mine one block in 24 hours
From: http://www.express.co.uk/finance/city/835226/Bitcoin-price-crash-latest-news-BCC-value-USD-Ethereum-market-live-updates