Bitcoin: I'm taking my profits....here is my SELL Ladder and the Rungs that make it up.
As noted in previous blogs, Bitcoin top for Wave III is approaching. I've established my profit taking SELL ladders as shown in graph.
My basis of Wave III which Bitcoin is currently approaching is shown below. A sizable Wave IV is expected. Better safe than riding down to $2,000 and wishing to have sold at current levels.
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.
Thanks for sharing
Do you split your holdings evenly across each rung of the ladder? Or is it weighted towards the top or bottom? Thanks
No, though you could. I usually concentrate 50% of the number of share I want to buy across the middle three rungs and divide the rest into the outside rungs. Usually get 3-4 rungs filled and at times of high volatility, all can get filled.
NIce again @haejin
upvoted and followed...if u like to know about technology..please follow me!!
Done! Thanks!
I'm watching closely, with the aid of your TA👍🏾
Thanks! I hope my TA helps generate great profits!
I am still holding on to my position since I am investing longer term. If / when the price falls, I will buy more. Do you see a continued price increase for Bitcoin in the coming months / years? By the way I am doing Bitcoin and other coin posts myself. Followed you as well.
I believe once Wave V is reached, a very large correction to $140 or lower is possible. I will sound this alarm when the time comes.
For now, Wave III is approaching its top. This means Wave IV correction to be had.
Please refer to the last chart in this blog. That's what I see from now until Q1 or Q2 of 2018.
that's even lower than the 2015 dip, it seems very unlikely to me. i think there are so much buyers below 1000..
I know one thing, once Wave V is finished, I'll be 100% Cash.
Per EW method, an event or reason will arrive to justify the cost. I myself can't imagine why Bitcoin would fall so hard but EW shows it.
I'll post regular updates on this.
do you mean correction to $140 or $1400 thanks
$140, yes, hard to believe or imagine as to what would take it down so hard. I don't know what event or reason, I only know that per Elliott Wave method, the event(s) will arrive to justify the forecast.
What a buying opportunity that level would be!!!!
it sure would be ! I'll be happy with your IV predicted crash happens - for me that is a fantastic buying opportunity but $140 wow !
what is a more likely bottom for IV $2400 or $2000 ?