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.
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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
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We have reached our target and I have a newer chart with buy zone here:
what about then? Do you think we will have a long winter?
cryptoezvip
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@kvck, yes but the trading range between bounces would be big enough to reap good profits. Also I am hoping for big alts like ETH or BCH to take over the show while BTC recuperates for the next giant cycle.