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BTC/USD- Price Analysis 2.17.2018

2/17/2018

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BTC/USD
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My Thoughts:

I indicated in my last analysis, Bitcoin was moving on up and the trading action appeared very healthy.  I was rooting for a sustained move above $10k (2nd major resistance line IMO); and thus far, Bitcoin has sustained that move.  
​The third line in the sand is steadily approaching.  That is; if Bitcoin can power through $12,500 with volume and trade above that level; it will signal to me that we have a fighting chance at retesting the previous $20k highs.  

Pulling back from the current level of $10,800 does not signal failure.  A minor pullback to the low $9ks would actually be healthy price action for the overall trajectory of the chart.  

I remain bullish on Bitcoin.  

Long Live Satoshi, Long Live Crypto! 


DISCLAIMER:  Nothing on this site shall be constituted as investment advice.  Cryptocurrency is a highly, note, HIGHLY speculative market.  The returns are great but so are the risks!  As with investing; I never invest with money I can not afford to lose. ​
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    Tina "ShortMeTina" Ley (pronounced Lee) holds a Bachelor of Arts in Forensic Psychology and a Master's of Science in Mental Health Counseling and has been a stock market participant for over 10 years.  Currently a Full-Time Trader and Blogger of all things financial.


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