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Hi traders, here's a quick update on BTC

Strategy.

• Now is the time to take profit not to throw your money at BTC in the hope it might moon some more. Trade smart with the whales, lock in some profit and ignore all the YOLO traders on Youtube who are going to buy a top and get wrecked.

I can see one of these two scenarios play out going forward:

1- The glorious parabolic bull.

• If we get a clean breakout from $4500 then

...and the smaller time-frame:

...hummmm...

2- The big bad bear:

• We could kinda "double top" / hit resistance at $4450 then plunge to the nearest fib level down: which could be either $3700 (on the smaller time-frame) or way down to $3000 (where the madness started) which would then act as support;

• This is because this scenario could play out that I am advising you to take profit right now so either way you'll be a winner.

Again guys now is not a good time to get into Bitcoin if you don't have any. If that's your case, stay on the sidelines and enjoy the show, there will be a pullback eventually and it's going to be brutal and you'll be glad you didn't buy high like all of these Youtube peons. Stay disciplined, do not FOMO and wait for a better entry.

#bitcoin #cryptocurrency #trading

Trade safe guys, and please follow, resteem and upvote if you like the content.