orminlange

Dont seek the top here!

BITSTAMP:BTCUSD   Bitcoin / Dollar
My method of closing instrument holded longterm (as investment) is to not seek the top, but if You see drop from All Time High (in my drawing i got 10000USD for BTC             but it's for example only, not a prediction of price!) deeper than 38.2 Fibo (especially on closed Daily and Weekly bars) You should close part or whole holding after bump from levels below 0.382 (and this bump should be minimum 0.5Fibo or more - measured from All Time High to dip).
Kommentar: For example this picture what should be done after deeper pullback than 38.2@ from All Time High.

Kommentar: Lesson from the past (BTCUSD pump and flash crash autumn 2013)

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