If I am not mistaken, the peak of the 5th wave rests somewhere around $11000. Things may get panicky near the end of the 5th wave so it makes sense to lock in some profits now. Let us see what unfolds.
Comment:
We are nearing the end of the iii wave and I suspect we will see a very shallow iv wave before moving on to v wave of the (5) wave, which marks the "last wave in the giant cycle". I would definitely not wait until the final moments in this giant bull trend to exit.
Trade closed: target reached:
We have reached our target and I have a newer chart with buy zone here:
