Follow up from Bitcoin Boom or Bust.

in cryptocurrency •  7 years ago 

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I posted yesterday to buy in at $10400 on Bitcoin and if you followed my advice then today you will be quite pleased you got in before it went up again. However I don't want you to think that this is an easy straight ride up because its not. We will more than likely see a few ups and downs before we see the real boom so you can either just HODL or you can day trade.

I have set a 25% sell off at $11700 as i feel we will get another drop off just above that mark. Here is my graph again that i posted yesterday and the purple line is my sell off line i have dropped it a tiny bit from yesterday just so people don't put in high sell orders.

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We should still see a bounce between the red and green marker for a little while and its a fairly good time to get some profit.

As always be careful when trading and i hope you make lots of cash. I am not a financial adviser and everyone should do there own research.

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great advice! Thanks for the update!

You are not are financial adviser but I like you analysis. Simple and concise.

Thanks. I just do it for myself really but i thought i would share my findings.