Bitcoin: Getting more and more CONCERNED about an approaching TOP.....here is why:
The current rally could be done or near so. I've positioned SELL orders for 1/3 of Bitcoin holdings through a laddered position. In my past blog, I've been writing to keep a close eye on Bitcoin as its tide can raise and lower Altcoin prices.
Waves i,ii,iii,iv,v count to be possibly complete and so am aimed to raise cash to hold out for better prices like the bottom of the drawn red abc lines. The MACD is at or near overbought....SELL for profit!
So, now is NOT the time to be taking BUY actions for Bitcoin! Now is the time to be taking profitable SELL actions!!
My gut feeling says that Bitcoin top and upcoming down correction could be the tide giving the surge effect to Bitcoin Cash!
If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 19gHMJc9wi9KkP47wokz8y4cFNgz1kAAUE
ETH Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
LTC Wallet - LU1mEw1LHvffoWf9VDEVdP7Day4jv6VLqu
EOS Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
Legal Mumbo Jumbo: This is only my opinion, make of it what you wish.
If it does drop again i think it will reach a new all time high after that
Yes, I agree. That's why i've been posting my longer term chart. We are finishing wave III and going towards IV. Still, it'll get a bit scary in this correction. After IV, V is left and new ATHs.
hodl
Hodl will work if you're willing to work through the coming wave IV as shown below because new ATHs will be coming after with wave V. We are now finishing wave III in this chart:
I just buy BTC, don't worry about the squiggles.