Long

Bitcoin - Gotta take profit at some point....

Updated

I still have my core long position, but went ahead and took my trading profit at the 78.6 Fib. Can we go higher? Of course. But we can also pullback at any time. It's hard to say exactly which will happen first so I went ahead and put the money in my pocket. Like they say; "Nobody ever went broke taking a profit"

No matter how you play it, good luck!

Comment

If this is another ABC correction of the larger correction it should top out here around $13,175 or so.

If this is Wave 3 of a Wave 5 move is should continue to the 1.618 line around 14,666

"Do you feel lucky punk? Huh? Do ya?" (Clint Eastwood)

Tough call at this point, that's why I'm sitting out at the moment.

Comment

2 Hour View

Comment

30 Minute view of Money Flow.

Is the money existing this trade? It is at least on the 30 minute scale.

Comment

FYI - The 45 minute cash flow is below zero now too.

Comment

So is the 1 hour....

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