Thanks. Now i'm aware. :-)

This post has received a 100.0 % upvote from @boomerang thanks to: @smartvoter

I have nothing against HODLers whose goal is "to get the much bigger reward further down the line". Their money (and BTC), their choice. However, I've discovered that - for me at least - it's better to take some profits and money off the table whenever BTC and other coins reach a certain height.

Whenever something goes so fast, so soon, there is bound to be a correction. The last significant one was in July when it went down from the high of near $3,000 then to a low of $1,800-ish.

The HODLers who did nothing recouped the paper loss, of course. And then some. More power to them. But the traders did even better - selling some when they felt things were getting too heated, plus when immediate support didn't hold. And then buying again when they were reasonably sure support had been established.

For now, I'm looking at the previous high of $4,450 as support. That would be a good time to buy. But of that support doesn't hold, the next one will be 3,850.

Not a bad idea to have some fiat at hand...to take advantage of a possible buying opportunity.

In a way I want it to hit 5 and pull back so as to create a buying opportunity.

Never will that happen like in the  chart!!!

https://media.giphy.com/media/IBFjeoZ5Oewhi/giphy.gif

if it was a normal technical analyse of an Stock ( a real company!), yes it will be a bouble and price needed to eventully fall!!!


BUT its BTC people!!!!!!!!!!!!!!

every day 1000s of pepole are joining!!!!!!!!!!!!!!!

And they willing to pay a lot of:

https://media.giphy.com/media/8zuHuiw0RwMVy/giphy.gif


Its BTC people! 

https://media.giphy.com/media/LukAHGCMfxMbK/giphy.gif

Get the vision!!!!

Thank for alert this. But btc is sometimes unpredictable.. right for the moment. It already overbought for long past few month. And at the meantime still all time high.
We better take precious

The dollar now setting up for the last move lower, which is my "new" excuse why the cryptos will get decimated...altho I "might be" back on "excuse #1" by Th of this week. Excuse #1 as you recall was the decimation of Silly Con Valley, Cali., the epicenter of this stock market bubble. I'm "trying" to track the hurricane in the atlantic ocean towards N.Y.C...epicenter #2. :-) Let's see if BTC tracks the "little dip" my bitcoin tracker GBTC made yesterday. :O

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=gbtc&x=41&y=19&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11

I guess "actual" Bitcoin traders were too giddy yesterday to realize somebody pee'd in the punch bowl. :-)

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Very nice work
Don't stop ever

What is your track record.  What are some predictions you got right?

upvoted and followed .... need upvots and follow @nido097

This post received a 2% upvote from @randowhale thanks to @ew-and-patterns!  For more information, [click here](https://steemit.com/steemit/@randowhale/randowhale-is-now-only-1-steem-sbd-per-vote-spread-the-news)!

Nice post thanks @ew-and-patterns - what do you see as the BIG drivers for these big up and down adjustments? Like in general - what is causing this to happen and can you elaborate a bit more on these elliot waves in a crypto perspective? Thanks :)

Nice analysis. Hmmmm....