Eloquent

Bitcoin 12-17 update

Long
Eloquent Updated   
KUCOIN:BTCUSDT   Bitcoin / Tether
πŸ‘‹

this morning we were greeted with a nice flush on the spx500, which took bitcorn down with it ~

i'm sticking to my original plan from the other day (you can see it via this post πŸ‘‡)

>longing the local golden zone at 44.6k with a 1.6% stop
>if stopped out, i'll try again at the 0.786 at 42.8k
>if stopped out, i'll try again at the 0.887 41.8k

things might get heated today with quad witching - stay safe out there & expect the unexpected.

πŸ’Έ

if you know, you know πŸ‘‡

Comment:
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i cancelled my long orders for now. not looking hot right now
Comment:
i think we could see 42k
Comment:
market is never linear, and when it changes - i change with it. the setup doesn't feel right to me anymore, therefore i'm out for now.
Trade active:
it's starting to look a bit more promising. slowly going to position myself into spot down here.
Comment:
keep in mind the scenario where we retest the local lows from 12\04

the reason why i only picked up spot this evening is because this scenario is still on the table, and highly probable.

If it does play out, that's where i pick up my leveraged longs ~

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