$BTC/USDT 3h (Binance Futures) Ascending wedge facing resistance
Bitcoin s likely to retrace a bit this month, maybe even this week, so let's hedge!
Current Price= 56393.68
Sell Entry= 56323.70 - 57416.74
Take Profit= 53167.18 | 49477.86 | 45773.40
Stop Loss= 60573.06
Risk/Reward= 1:1 | 1:2 | 1:3
Expected Profit= +19.53% | +39.00% | +58.53%
Possible Loss= -19.53%
Fib. Retracement= 0.236 | 0.5 | 0.786
Margin Leverage= 3x
Estimated Gain-time= 10 days
Current Price= 56393.68
Sell Entry= 56323.70 - 57416.74
Take Profit= 53167.18 | 49477.86 | 45773.40
Stop Loss= 60573.06
Risk/Reward= 1:1 | 1:2 | 1:3
Expected Profit= +19.53% | +39.00% | +58.53%
Possible Loss= -19.53%
Fib. Retracement= 0.236 | 0.5 | 0.786
Margin Leverage= 3x
Estimated Gain-time= 10 days
Trade active:
All entries filled
Bitcoin respected perfectly the sell zone, but bears weren't strong enough to really dump it.
This scenario is still valid but I would be glad if it manages to range a bit before any big move happens!
Bitcoin respected perfectly the sell zone, but bears weren't strong enough to really dump it.
This scenario is still valid but I would be glad if it manages to range a bit before any big move happens!
Trade closed: stop reached:
SL hit with -19.53% (3x) and -1R
Bulls took over and #Bitcoin broke the wedge upwards after all and made a new ATH at 61950$!
Too bad for that hedge trade, but quite a positive thing for crypto market generally 📈
I think it is likely to continue the up-trend so I will look for some more scalp longs next week.
Bulls took over and #Bitcoin broke the wedge upwards after all and made a new ATH at 61950$!
Too bad for that hedge trade, but quite a positive thing for crypto market generally 📈
I think it is likely to continue the up-trend so I will look for some more scalp longs next week.
