Wow!! Amazing profits since my last bitcoin update from 4 months ago. I was amazed by how accurate my last analysis on bitcoin was (Check link below). But I think it’s time to take most of my profits here. I have taken around 75% of profits at $5485 and I have decided to take another 20% now @ $7340. In terms of my positions on ETH which I have entered after the breakout of $112.65, I have taken 50% profits and I am going to leave the remaining positions till $347.
Why am I taking most of my profits here? Reasons are simple – it’s the 78.6% retracement from the high on 24 Jul 2018 overlapped with the 61.8% retracement from the high on 5 May 2018. In addition, I tend to take profits when there is a parabolic move, after a period of bullish move. I believe most of the retail traders who have missed all the buying opportunities are starting to accumulate their bitcoins after the parabolic move in the past couple of days. And those who have been shorting are now turning bullish after the breakout of 6k. In short, I love to do the opposite of what the retail traders do. People often lose money when they become greedy. I am happy with the profits I made.
I have been helping you to learn and to make profits hoping you would at least press ‘like’ or leave comments on my posts but to be honest it has been quite disappointing. Hence why I was not inclined to post any analysis for the past 4 months. I will not force people to do what they want to do but the more people leaving comments the more motivated I will be.
Previous accurate projections:
Other trade setups: Jan 22 - When bitcoin was $3400 I told you to spot for signals to buy. And I told people who were shorting to take profits. (100%+ profits) Jan 16 – When bitcoin was $3605 I told you it may go up to $3700 before another leg down to $3400 (bitcoin did exactly that) Jan 9 – “Don’t buy at 4k, wait for lower price” (saved you from 17% loss) 20 Dec 18 – “If bitcoin can hold above weekly 200MA, focus on buy” 30 Nov 18 – 50% positions with 1.5r/r and remaining positions hit SL 29 Nov 18 – 50% positions with 5% profits and remaining hit break-even 19 Nov 18 – When bitcoin was $5285 I told you I don’t think it’s going to drop by 10% only. The more likely scenario is to test $4337 first. (saved you from 21%+ loss) 28 Sep 18 – Another 5% profits 12 Jul 18 – “I am going to buy @ $6224” (40% positions sold with 5% profits. Remaining positions closed at around $8350) 3 Jul 18 - When bitcoin was @ $6638 I told you to wait for 61.8% retracement (Saved you from 7% loss) 27 Jun 18 – When bitcoin was $6090 I said I was expecting a move up to $8480 ensue by a possible move down to around 5k or even 3.6k. (Bitcoin did exactly that) 13 Jun 18 – "By looking at the bigger picture, $2950 - $4050 is where we should focus on buying." Bitcoin was $6533 at the time. There are much more profits that we made, EOS (50% or more positions closed with 36-40% profits), EOS (told you to sell when it was $21 ), Walton (around 18% profits), LTC (12% profits), EURUSD (314 pips profits), S&P (15% profits with 1x leverage). Certainly, there were some losses as well, NEO (20%), Stellar (40%), ETH (10%)
Taiwan Bear
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Possible short-term top is in. Reasons: 1. Bitcoin hits 61.8% of the fib retracement and starts to drop. 2. Pin bar selling pressure at critical resistance 3. Bitcoin daily closed below the neckline of the M shape 4. One type of top formations is found on the 4hour tf.
This is not telling you to open short positions, but rather, to patiently wait for the right time to buy back using the profits we made. Daily timeframe: 4hr timeframe:
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The next move will determine whether Bitcoin continues up to around $9500 or down to 7k
Bravo! predictions for the next few months? Do we revisit 3200 again? Excellent work!
Taiwan_Bear
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@the_sunship, Talking about $3200 before it breaks $5580 & $4150 is wishful thinking imo. I will give an update when necessary. Have a nice day.
Therustyb
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Where can i follow what youre doing more closely?
Taiwan_Bear
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@Therustyb, I used to published my ideas on Twitter but not anymore.
TradingView is currently the only place I am publishing my ideas as I am quite busy with my work and my family.
UnknownUnicorn1780802
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wow this guy took his profits at $7340 and look at it drop now
Taiwan_Bear
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@lvg3g, Haha, brother, according to some EW analysts there might be another leg up. What are your thoughts in terms of EW as your are the expert on EW?
Larrycrypto
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Where to now ? Bull market or is this just a bull trap?