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RE: Bitcoin TA - summary of analysts - 20. Feb 18

in #cryptocurrency7 years ago (edited)

On February 14, I noted a buy trigger occurring near the 8870 level with an upside price target of 12,235 vs. the 5920 low. We recently got as high as 11,780, (over 2900 pts or 32% above the general entry point), and within 12% or 455-pts of capturing the upside target.

Granted, there is no guarantee that such targets will be reached, however, the trigger-point and price movement thereafter has certainly been moving in a rather positive way towards achieving that end.

Those taking such bets with nice open profits could at this point; trail stops (perhaps near the 10,700 level) to lock in such profits to assure that such a trade will not turn into a loss.

I’ll be posting another weekend update Saturday or Sunday. It should be interesting to see how the current Bull Run pans out by the weekend.

Thank you @famunger for the great service you are providing to the trading and investment community!

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Thank you for sharing this valuable information and eventhough I haven’t had the chance to add you to the overview summary (what i plan to) I can highly recommend all to read your weekly update!