🖥️ We have determined there is a 70% chance Bitcoin will RISE from our current entry point.
📉 LONG - BTC : $16,821 📉
💵 Length of trade: we are expecting BTC to hit a $250 scalp, with a high end of $300 - minimum expectation $150.
🕰️ Duration of trade: we are expecting this to occur within a couple hours of market open Tuesday. And we can see this continuing until tomorrow. We are looking to a more positive week, pending no negative news impacts on the market.
📊🖥️ INDICATOR SHOWN ON CHART : Scot Signal Indicator
Trade closed: stop reached
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⛔ Stop-Loss hit ❌ $321. We are still liking this area for swing trades, and we do have our swings still open.
BTC we feel is channeling like it did with the 17.5-20k levels a couple months ago. And we do think it will try to touch the bottom of that channel. Longs still feel more comfortable if willing to hold for 7-14 days, but for daily very higher leverage players ( 15x-100x ) there seems chop can occur.
@Houbet, holding Long with a Stop-Loss set at 16,500. There's no major economic release which cause all the hard falls in December, so we are more generally optimistic.
Solldy
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I like the chart you have posted today. It looks very good. Thanks for sharing your analysis with us.