TradingBTC1

TradingBTC.com issues a SELL on BTC 12/6/2017

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
We gave a buy on Nov 10th of 2017 and are now posting a chart showing a good spot to lock in that profit!
Trade closed: target reached: On Dec 6th when I gave the sell signal, price was above the Bollinger Bands and that has been reversed. Bitcoin corrected down to $11,159 and bounced up to the $14,000 level which is roughly where it currently sits. On a weekly basis, price has not closed below the level when I first gave the sell signal as the correction in price only occurred intraday(week). However, the price is now under the Bollinger Bands and appears ready to move back up to test the previous highs. One concern about Bitcoin is that it is only at 45% bitcoin dominance which would support the idea of BitcoinCash taking market share so if I was going to buy into bitcoin it would be BitcoinCash instead.

Comments

Hi, where did you give it? the posts in your website are very out of date.
Great analysis anyway !
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TradingBTC1 GerardoTejeida
@GerardoTejeida, Hi, my twitter feed @tradingbtc1. between all the different sources like website, twitter and steemit and now tradingview I have been trying to find the best source for my analysis so appreciate you looking into my analysis. I will be coordinating my updates much more consistently as time goes on. Tradingview might be the best source from here on out but I have to get familiar with the system here. Thanks again!
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