Bitcoin - ALL IN - Tight Stop
#bitcoin #etfapproval #bitcoinetf #btc #btcetf #btcusd #crypto
Traders,
This is never recommended. For the first time, I have put 100% of my trading portfolio into Bitcoin with a tight stop preceding this supposed BTC ETF approval today. I do believe we are nearing a local top on this 3 month bull run, however, my chart shows that we still have a little room to run. I suspect 48k will be our line of resistance even though we could wick through that to go as high as 52k today. The rest will become a sell the news event IMO. And if the BTC ETFs are not approved, my fairly tight stops should liquidate and take care of salvaging too big of a loss.
Entry - 43884
Target - 48237
SL - 42337
RRR - 2.8
LFG!
Previous Post (Vid with rationale):
BTC ETF Approval. Expect the Unexpected.
Happy New Year Traders! With the likelihood of Bitcoin ETF approval in the cards, there are a plentitude of zealous crypto traders on the crypto rocket anticipating destination moon. But what if it doesn't turn out the way everyone expects? What if the MMs shake out the pockets of dumb money and over-leveraged moon boys? Or worse yet, ETF approvals are …
