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RE: Daily Bitcoin / Steem Trading Systems Update / FEBRUARY 17 , 2018

in #bitcoin7 years ago

BTC/USD
Our recommendation of a long position in Bitcoin triggered on Feb. 15. Traders, who follow us, would have entered their positions between $9,500 and $9,700. We had anticipated that once the cryptocurrency broke out of the overhead resistance, it would rally towards the 50-day SMA. But the price action above $9,500 has not been encouraging.