PROCEED WITH CAUTION! I believe we are in a countdown to a wave (v) of 5 of III top. While I don't know exactly when (no one does), the approaching top is not to be ignored. These fifth waves are for profit taking and boy did we rack up the profits from the prior bottom as shown by wave 4 (white). I have decided to sell the remaining 1/3 of my Bitcoin holdings in a laddered format. Wave IV is next and the volatility could get scary with a drop down to as low as around $2,000. That would certainly wipe out lots of wealth. Thus, I will take my profits and be grateful for them. Taking profits now is selling into strength as we bought it low into weakness.
I have also unloaded 1/3 of all my Altcoins....gratefully taking more profits. This way, I raise cash...dry powder to await the wave IV bottom and redeploy once the dust settles.
The only Altcoin I will not sell will be BCH, in fact I might increase my holdings on this coin as a bet that it could be reverse correlated to Bitcoin and rise during its wave IV correction.
I'm not being a doom and gloomer! Not at all! I'm not a fan of Jim Cramer, but I do agree with one thing he often said: Bulls make money, Bears make money, but PIGS get SLAUGHTERED. The wave IV volatility can slaughter profits very quickly. I'm taking mine. I refuse to be slaughtered. Be careful.
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.