What is your prediction for BTC?

Pekelo said:
After this big runup and selloff, price will consolidate mostly between 3200 and 4200 I would say for the next 6 weeks or even longer. Buy at the low of the range sell at the top of the range.
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Good trading call, but in crypto, things happen quickly. Bitcoin at the top of the range ($4379 on gdax, currently), what to do? Sell/short but could breakout and surpass ath $5K?
 
Trading range - where????

Impulse waves <> trading ranges.
Bit Impulse.png
 
SunTrader said:
Trading range - where????

Impulse waves <> trading ranges.
More...

Thanks for the explanation.

In my amateur view it seemed to bounce back and forth high 3k and low 3k, but now above $4400, and we are at "sell the news" part as the closures of Chinese exchanges are here.

We have another event coming up, possible fork for Bitcoin Gold Oct 25. Traders/speculators could be buying btc for the "free" tokens as what happened last time with bitcoin cash :vomit:
 
The China scare is over, yesterday was the deadline to stop the exchanges. I foresee smooth sailing to 5k ( if no other bad news). Pullback at 5k from profit takers. Might have a smaller pull back at 4500.
 
I'm back in. Failed H&S means we going to the highs. Above 5k and it's gone this time around.

It looks like China may unban this thing at some point given the language regarding regulations.

Dear Lord of Cryptocurrencies, grant me the power to HODL for now on.
 
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