We have all been watching the election and Bitcoin waiting for it to make a move. Bitcoin for the past week has been hitting a high resistants if 698 to 700. This usually indicates that we will see an increase or a rally shortly after. The prediction i made was correct and Bitcoin made a move early morning this morning. Below shows half of a chart for today showing the increase i was talking about.
I think the time to sell was when it hit 720 earlier today. If your wondering on whether you should invest or buy now my recommendation would be no. When Bitcoin rises like this and then holds it usually means a short decline before stabilizing. If you check the chart below which is the second half you will see the decline start to happen along with the stabilization. If its stabilized why not invest? Bitcoin is now showing a down trend short term and investing now to result in loss.
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