$BTC/USDT 4h (Binance Fut.) Symmetrical triangle break & retest
Bitcoin hedge in case market reverses here, in order protect our capital a bit.
Current Price= 36493.96
Sell Entry = 36793.10 - 37714.90
Take Profit= 35101.29 | 33403.28 | 32286.82
Stop Loss=39018.29
Risk/Reward= 1:1.25 | 1:2.23 | 1:2.87
Expected Profit= +23.36% | +41.56% | +53.56%
Possible Loss= -18.68%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 4x
Estimated Gain-time= 10 days
Current Price= 36493.96
Sell Entry = 36793.10 - 37714.90
Take Profit= 35101.29 | 33403.28 | 32286.82
Stop Loss=39018.29
Risk/Reward= 1:1.25 | 1:2.23 | 1:2.87
Expected Profit= +23.36% | +41.56% | +53.56%
Possible Loss= -18.68%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 4x
Estimated Gain-time= 10 days
Trade active:
First entry filled
Bitcoin went for 100EMA retest as expected and is now heading down, let's hope to reach 1st target at least.
Bitcoin went for 100EMA retest as expected and is now heading down, let's hope to reach 1st target at least.
Trade closed: target reached:
TP1 was reached with +23.36% (4x) and +1.25R
Bitcoin retraced down as planned at first, then bounced back and regained descending TL & 100EMA.
PC bot closed remaining position at 2nd entry with -4.68% (4x), good thing because it went for SL after.
If you are still shorting, we recommend fully closing if ascending TL & 200MA are broken, a last pull-back is likely to give long opportunity!
Bitcoin retraced down as planned at first, then bounced back and regained descending TL & 100EMA.
PC bot closed remaining position at 2nd entry with -4.68% (4x), good thing because it went for SL after.
If you are still shorting, we recommend fully closing if ascending TL & 200MA are broken, a last pull-back is likely to give long opportunity!
