bitcoin - SELL IN MAY AND GO AWAY

已更新

Hello there fellow traders, lovers & haters, whales and crypto-observers,

Welcome to an update of Bitcoin. I will now gather up what happend from 2017 until MAY 2019.
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Right before 2017 we observed the "bitcoin halvening", which lead us to the BULLRUN of 2017.

On 17th of December 2017 we hit 20.000 US-DOLLAR for one single bitcoin, after what the very recent BEARMARKET enveloped and in which we are STILL IN.

We hit 6000-USD 6 times and this was "unofficially" the "BOTTOM".

As you all know, the most promised Bottom in history of BTC broke and found BTC at 3000USD.

Since then and after short side movement, we anaylse about 10 Weeks of BULLISH signals which lead toa price of 1 BTC at 6000ish again.

TA:
Stochastic RSI and RSI are both Oversold, GOLDEN CROSS happened on the 1 Day chart, which always follows up with a retracement in the short term!

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NOW LISTEN CAREFULLY:

WHENEVER THERE ARE HUGE BUYORDER (3000 TO 6000= 50%) IN A VERY SHORT PERIOD OF TIME (FEBRUARY UNTIL NOW, MAY) WHEN NO FUNDAMENTALS HAVE CHANGED SIGNIFICANTLY,
THERE IS A BIG CHANCE TO FALL INTO A RETRACE OR MAKE LOWER LOWS.

WHY IS THAT:

WHEN PRICE RISES FAST (what actually happened), NEWS ARE BULLISH (what is happening right now from twitter to tradingview, I heard people claling 100K again), AND WHEN VOLUME IS UP, PRICE CAN FALL FASTER THAN ANYTHING.

volume is good and an important factor for price increasement, though with big volume it could go to OPPOSITE DIRECTION as well as to the upside.

As I did, I sold a huge bag of my portifolio and will sell the rest on the way to 7K.

<<<<<<<<<<<<SELL IN MAY AND GO AWAY>>>>>>>>>>>>>>

I remember a few weeks ago people were calling 1K and 2K, heard of different theories and so on...

EVEN if we entered a new Bullmarket due to Halvening in 1 year form now (MAY 2020), there is a big risk going all in now.

I personally wait for retracement, because the recent RUN, could still be part of the freater BEar market!

Thank you for reading & have a nice day,
Roman
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Focus on the journey, not the destination. Joy is found not in finishing an activity but in doing it.

Hope you enjoyed it as I did reflecting on this one…you can support me if the content pleased you :-)
Feedback would be awesome

注释

Update friends:

BTC made 100% gains this year at about 6 K and almost 200% at 8.5K.
This was a parabollic run, I do not see any new ALL time highs coming.
There is a chance to make a flash pump to 10K, but I personally sold step by step on the way to 8K.

Let us see where this is going, it looks like a few big market participants are joking on the majority. Please be carefull, sometimes one stepback is required to do two steps forward.

I will update this one constantly, until then, have a nice day,
Roman :-))

注释

By the way, more than 1000 views for the first time! Thank you so much for our little community! We keep growing and we will continue to make good TA and good profits with GOOD people!
Thank you so much!

注释

Well, an interesting move up happend just yesterday. While I was writing the latest idea, BTC just mooned for about 900USD.
Right now, we are about to close the monthly candle, with which this ideas main thoughts will close as well.

I think, we are going to see, maybe, another leg up, after what we are going to retrace at least a little. I could imagine a retrace even right now, because after several weeks of parabollic movement, there has to be at least a little stop!

On the way up to 8000, we have sold step by step. I personally dollar cost average. That means, I try to not buy a lot, and I try not to sell 100% on a trade.

Back on 3K when I bought every week until 5K, I started to sell a little until now! My trader bag is still not empty, so for a possible leg up, still there will be enough to sell!
When this goes down, I will start buy again!

There a circumstances, which may lead you to buy or sell more, this depends on your trading strategy.

If you have another "investment" bag, like I do, I sometimes transfer some gains to it, like right now after sick gains!

This bag is never touched and wont be touched at least until the halvening of 2024!

I will update this constantly!
Have a nice day dear members of our little community, :-)
Roman

注释

Anyone remember the 40.000BTC dump on bitstamp with the guy opening a short position on bitmex at the same time :P

This was the major dump in may. We did not see a major selloff, eventhough it usually happens in may.

People tend to participate in the "end of year"-rallye, which did not happen in end 2019. The last time this occured was in the late 1990s followed by THE tech boom/dotcom bubble.

People sell in december, accumulate until may/june, take profit, observe the market sentiment and prepare for the december rallye.

This year there was no selloff in may nor in derivates, bonds or stocks.

BTC instead recovered from the may dump pretty fast, sidewayed a little and hit 14k (check oput my chart, i predicted 14K in april 2018).

There is a chance we retest lower levels like 6K or even 3K. People snap with their fingers and this baby can dump faster than people think.

Anyway, I sold a lot in June at about 9000K and I am happy with it.
Of course it would be awesome if I had sold at 14k, but look at the chart, it is 9Kish again :D

I took some profits. I never try to hit the top or the bottom but to make small gains here and there between the peaks.
That is my strategy.

I hope dear girls, boys, ladies and gentleman you liked the content.
I am going to close it and lets see for the next one :D

bye bye

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