Eloquent

btc 12-23 update v2

Long
Eloquent Updated   
BITSTAMP:BTCUSD   Bitcoin
one more little scenario here.

just wanted to say, if we push through my box right now, it's going to trigger a mass buying effect from the algos
target for this move is at 55k

i'm still expecting the potential of one more dip (as mentioned in my last post), but if we dont get it
we ride.

i'm in spot here, big time.
1% stop

ps. if we reject current level, refer to my first post:
upside target would be slightly lower, and we'd be able to get a much better entry for the move that is to come.
the final raid is my preferred scenario, but just in case we don't get it, im playing this potential breakout here.

Comment:
moved stop into profit,

free trade from here.
Comment:
its possible we're also playing out a leading diagonal here

this would be the perfect shake out of longs before the real move comes.

Comment:
would look a little something like this

Comment:
push through 50.5k with increasing volume, and you better believe we're going for that 55k target within the next 24 hours.

i'm cool with either scenario, if we play out a classical leading diagonal, then i could build a real bull case from here. one that would surprise many :].
Comment:
got stopped on my long in profit - that's all from me for today - happy holidays ladies & gents 🎄
Trade closed manually:
taking a 3 day break away from the markets,
best of luck people!

don't forget to use stop losses,
and trade safe 🎅
Comment:
use promo code NEWYEAR2022 via the site in my bio to get special holiday access to our trading room & receive all of these trade setups before anyone else + more ♥

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.