Bitcoin Top is approaching......$3,800?

As I've mentioned in earlier blogs, a Bitcoin temporary top is approaching as the completion of wave III:

It would be foolish to ignore this impending top....once wave 4 and 5 are complete, Wave III will be complete and a scary and sizable ABC correction will occur for Wave IV. We may see $2,000 again. Note also the red dotted circle on MACD....once the red approaches the white height and then white will be ready to cross down through the red line. Also, this chart is a DAILY chart which gives more emphasis on pattern and price movement. Now take a look at the dotted green line connecting the tops of the MACDs. The Bitcoin price has risen higher but the MACD remains lower than prior peak. This is an additional confirmation of an upcoming top. It means that the buyers are getting weaker and sellers are getting stronger. This type of divergence can be a life saver in protecting profits because it's an early warning sign to start planning sell actions.

The above chart is tracing out the overall longer term pattern as reflected in the below chart, and we are approaching Wave III:

I will be posting a laddered SELL positions and each rung will be placed to cover wave 5 and will show in a blog tomorrow. Meanwhile, know that the top approaches and be prepared. I'm preparing by planning on selling 1/3 of all holdings to raise cash to buy at Wave IV bottom or near it. So, this top is NOT the end of Bitcoin but what a buy the dip opportunity it'll be!

What about the Alt coins? Can some continue their bullish upward path? Possible, but like I said, when Bitcoin sneezes, the Alt coins catch a cold and in this coming Wave IV correction, some Alts might catch the flu!

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.