Bitcoin - easy money is made, now its time to get cautious
On 8 February 2019 I showed you a bullish declining wedge and announced an upcoming rally.
On 14 February I showed you another bullish wedge and said that we gonna get rally to 4,000.
Today, after 30% quick gain off the bottom I want you to cool down. I am still bullish on Bitcoin.
But we got wave i up of a larger wave ( c ) up. We may get now a pretty deep corrective wave ii down targeting 3,600.
Today I sold my LONG position and switched to a waiting mode.
If we get a deep correction I will reload it again. Do not expect it to drop overnight. It may take 2 - 4 weeks to form a nice a-b-c move down setting up for a bigger rally in wave iii of ( c ) up.
On 14 February I showed you another bullish wedge and said that we gonna get rally to 4,000.
Today, after 30% quick gain off the bottom I want you to cool down. I am still bullish on Bitcoin.
But we got wave i up of a larger wave ( c ) up. We may get now a pretty deep corrective wave ii down targeting 3,600.
Today I sold my LONG position and switched to a waiting mode.
If we get a deep correction I will reload it again. Do not expect it to drop overnight. It may take 2 - 4 weeks to form a nice a-b-c move down setting up for a bigger rally in wave iii of ( c ) up.
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