Looking to Take Profits on BTC

9 янв. 2019 г.

I believe we have just completed the 3rd of a 3rd of a C wave on Bitcoin. It is looking like a typical zig-zag correction before a further 5th wave downward in late January/early Febuary. I do not believe this C wave will reach the expected 1:1 extension of the first bounce so I will be taking profits at the .618 and the .786, which happen to be very close to the 1.618 of the respective one waves on the minute and minor scale. A Move Below 3900 invalidates my count and I will be out of the market. I should also mention the 3rd of the 3rd wave may not yet be complete. Bitfinex did not reach higher highs with the push up on January 8th