SUMMARY
BITCOIN (BTC) is going VERTICAL! When anything goes vertical, I sit on my hands and watch. I don't buy, I don't sell....I watch. From history, there is not much happiness to be found in parabolic moves as they often don't end well. It is during these instances when discipline is paramount. The emotional maturity to see beyond the FOMO and know that better buying opportunities lie ahead.
It is better to be out of the market wishing you were in it than in the market, wishing you were out of it.
Below is my micro-Elliott Wave count trying to capture high resolution price moves. I've drilled down to as low as 5 minute time frames. The video has more details.
The red line above the MACD indicator display a lower low while the short red line on the price chart show a higher high. This is a negative divergence.
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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. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**