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Yes, I think the break out will start at the end of August

Chances are is by Friday we will see red everywhere until the end of the month

Explain what you mean, please? :)

He's saying that this current rally won't last. He's expecting things to drop again and continue this up down cycle.

Ah, that makes sense. Who wouldn't think that? Haha. I want a different crypto-currency to overtake the throne btc has held these past years though.

Well, there was some sentiment that this rally might be for real, because some of the mining pools started signalling support for segwit a bit early today. So, if you're of the opinion that this current cycle of crashes is due to the uncertainty around Aug. 1st, today's news could make you think that we're on our way back up.

I see, thank you for the clarification! :)