BTC Analysis Update for Short Term

BTC is cruising and is expected to continue hitting newer all time highs. Here is my short term outlook:

For those who are day traders, note the red circled MACD overboughtish and price regions. I believe a wave 4 should happen soon, though there is more room to move up before BTC tires and turns down for wave 4. I'm thinking at around $3,600 or so, I'll start putting in staggered sells for profit taking. I will target to sell 1/3 of position in staggered/laddered increments. More to come on exactly how I will enter these.

I almost never try and trade waves 2 and 4 because each has 36 possibilities of EW count and that's too difficult. I plan on waiting for the wave 5 to begin laddering my profit taking.

Recall that my longer term EW count is below and am using as my baseline guide:

Once wave III is hit, it will be a major correction in an ABC three wave form. So, taking profits and having cash ready to deploy to buy at better prices is the objective. However, I usually don't sell 100% of holdings; usually 1/3. I sell almost 100% at top of waves (V) like above.

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.