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Eloquent
Dec 3, 2021 5:23 PM

btc 12-3 update Long

CME:BTC1!60
Bitcoin FuturesCME GLOBEX

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good afternoon,

we filled the cme gap, and our system is picking up some nice buy signals down here,

while it may look scary for some,

it looks beautiful in the eyes of an opportunist.

wave C target= 60.5~61k.

Trade active

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also longed eth ~

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raided that 100% extension, but missed by a few points.

not sure if they're going to try again, but expect it.

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stonk market might invalidate the bull case here

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looks like we might actually be playing out the Meme X wave

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Don't see moves like this every day, but i'd like to say ladies & gentlemen,

welcome to crypto.

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Scenario #2 =

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probably going to see a monster liquidation wick on this last dip

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last one i could think of ~

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this is what i see as of now.

Elliott WaveBitcoin FuturesBTCUSDTBTCUSDBitcoin (Cryptocurrency)BLXxbtusdtXBTUSDContains image
Comments
Vibranium_Capital
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Nice idea buddy
CS1CS1
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Thanks! So trade still active for climb back up? or you think exit at 54k and re-enter on lower dip?
Eloquent
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@CS1CS1, i'll be honest C, i'm not sure as of this moment. there are too many scenarios that are 100% valid & possible.

i'm going to just hang back for a bit & let the market show me its true colors over the weekend
CS1CS1
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@Eloquent, thank you and Happy Friday! Wishing you a wonderful weekend :).
Eloquent
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@CS1CS1, You too =]
entheogen
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@Eloquent the pool of capital that moves the crypto market also directs the SP500, NDQ - looks like more downside ahead for equities next week so a wise choice IMO
Juankrdnas
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Today it’s a very good day 😇
Jleahman
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Very nicely done. Thanks for all your analysis, very much appreciated. If it does wick below that over the weekend, there's a ton of support at the 53k level.
Eloquent
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@Jleahman, thanks dude

yeah there's massive amount of buyers just below, but i think we should be okay

this is just a quick liquidity grab \ shake out before we go for a little run

most people sell down here based on emotional trading, but this is when we the wolves become buyers 💸
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