BITCOIN - Weekly Road To $52,000

for me is where my trading journey started.
I was using WITHOUT even knowing what is! Dont ask why....

This is when price action was around $900 in 2017

The false narrative and strong manipulation behind bitcoin is something i fell for; believing it's 'digital gold', 'digital store of value' etc... when really and truly, its been fundamentally changed from the core to be something COMPLETELY different to what Bitcoin is actually supposed to be.

It's a digital cash system which enables people to transact with one and other in a fraction of a fraction of 1 cent.

It's been 15 years but its only now a few are starting to do their homework on what BTC CORE is.

Remember, it's called Bitcoin Core for a reason.

A few years back, it wasn't called 'Bitcoin Core'

Why you may ask??

It's due to court injunctions but that will be something i get into in the near future.

I'll let you into a little secret, research COPA v Dr Craig Wright Court Case

will be a penny stock, just like all the other 'cryptocurrencies' but for the time being, the market makers need to engineer more sell stops by using to pump and prop up the market for so that there is enough liquidity to sell into.
$50,000 is a massive psychological milestone but i believe we will push a little past it; edging to $52,000.

Lookout for daily buystops located @ $48,969.48 as once this is ran on, 50k is almost certain!

The weekly fair value gap between 42,400 - 44,200 will accommodate any sort of pullback for another leg to the upside target.

My philosophy is simple...

Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go.

This includes;

- Market Structure
- Buyside/Sellside Liquidity
- Order Blocks
- Liquidity Voids
- Fair Value Gaps
- Optimal Trade Entry
- Premium/Discount Array
- SIBI/BISI
- Many More!

The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated.

Credits;

- Michael Joe HUDDLESTONE
- Shawn Lee POWELL
- Toray KORTAN

Note

It's been several weeks that I've been screaming $50k and we finally achieved it on Monday 12th @ 12:00 US PM session.
I do believe we could be in for further upside movement to but looking for short term intra day sell stops to run on might be profitable from a smart money traders perspective

Note

This week is juicy, with many high impact releases so the fireworks display, I believe is not over yet...

Trade closed: target reached

Current price is $52,631. Weekly target hit

LegendSince

UK, London

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LegendSince

UK, London

Also on: