The Bitcoin is following a strong upward trend channel. Long position at at the current price (~4600), stop level ~4400, take profit level 5200. After reaching the 5200 goal, fallback to 4600 or lower. Could possibly also break out towards 6000, but looking at the chart i think it's too early for such a move, except there is something the news. Just my personal guess, sidewards movement in a 4000-6000 range until nov 17, reaching 7000 or so at the end of the year.
Do you think there will be a depression eventually between now and 2019 like the one we had in 2014-2015?
ncx
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@mightytrader, i don't know. just my personal guess, we will see a crash in 2018, but hard to say how intense this crash will be, perhaps only 50% price loss. me personally i stop trading cryptos at the end of the year, i don't mind any lost chances after that. i can't imagine that the price will significantly decrease (lets say to 3000) before we reach this point (which might be around 8000, just my feeling, could be totally wrong of course).