Bitcoin - Raising Cash Part Deux

28 juin 2019Hello my fellow Bitcoinistas!

Not much time, just a quick update on what I've been up to. I took this opportunity to raise some more cash for the next dip if we get one. If we don't, and the price runs North non-stop, I will walk away and let the rest of my Long position ride. See the circle for my exit. Right under the .618 fib and the mid-line of the channel we are currently in. If I can buy it back later great, if not, the cash I took out will pull my remaining average down low enough that even the sub-3K maniacs can't touch me. :0)

I'll post more when I have time.

BBS out!

29 juin 2019

Commentaire

Update: I made my final sale to raise cash today. The total cash left in my account after removing my initial investment is $189.73 I know right? That doesn't sound like much of a return after all that holding.

Well, did I mention that I also have a shit-ton of FREE BTC left in my account too?

Did you hear that Bears? Bitcoin can go to zero and I will make no less than $189.73 LOL :0)

Actually I do think we are in for a pullback. The first target is around $10,200 and the final target is around $8,700 if it plays out that way. Both targets would be plus or minus a couple hundred bucks. Or..... we can continue at breakneck speed and continue towards the moon. From all I've heard, read, and studied in the charts it just seems like we are ready for a correction. Maybe it's already coming to an end or maybe we still have a ways to go. That's why I took some cash off the table while I still could. I'd hate to go $8-10K and NOT have any cash in my account. I determined that it was worth the risk of not being 100% long BTC right now. If we continue to the moon without stopping my long position is 100% paid for. Anything I cash out in the future is 100% profit. If we do correct to the target areas I mentioned then I have cash available to take advantage of it. Worse case, if Bitcoin blew up tomorrow I walk away with $189.73 plus all of my original investment. If I were playing poker I'd say that I can't lose no matter what is the next card dealt.

At any rate, that's what I've been up to. If I see anything interesting in the charts that looks solid I will post it for your review.

Until then, good luck in however you play this game.

BBS out!

29 juin 2019

Commentaire

I've opened orders from $8,300 to $8,500 because I'm F-N tired of hearing about the "Open CME Gaps"

If the market wants to come down and close them, HERE I AM. Let's do this thing!