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EliasVigl
Sep 4, 2017 12:25 AM

Bitcoin Top between 5100-5600 

Bitcoin / U.S. dollarBitstamp

Description

Bitcoin isnt done yet, i expect 1-3 days more bounce in the 4400-4700 area, after that it should try to break 5k again, and within 2 weeks from now it should reach the top before correction (2 possible scenarios mentioned)
Trade with care :)

The scenario could be the same as june-july, october would be the second july with a selloff due to the coming hardfork.

Could bounce off from first channel or fall into it

Possible Lows for Correction:

4k
3250
2550-2850
Comments
jgt2803
Thank you for sharing Elias, I disagree with the point that BTC will reach 5000 again. I see it as a new psychological barrier similar to 3000. The volume leading up to 5000 was very weak, it was due for massive pullback, especially after being up 60% from 3000 and upwards of 150%+ for those that bought june-august. Follow my idea to see my views, and we will see how it plays out!
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