$BTC/USDT 1h (Binance Futures) Falling wedge breakout and retest
Bitcoin pulled back to demand zone, would be a good time for reversal here.
Current Price= 41264.60
Buy Entry= 41105.01 - 40805.01
Take Profit= 42052.00 | 42902.09 | 43877.68
Stop Loss= 40221.31
Risk/Reward= 1:1.5 | 1:2.65 | 1:3.98
Expected Profit= +21.44% | +38.00% | +57.12%
Possible Loss= -14.32%
Fib. Retracement= 0.382 | 0.618 | 0.883
Margin Leverage= 8x
Estimated Gain-time= 5 days
Current Price= 41264.60
Buy Entry= 41105.01 - 40805.01
Take Profit= 42052.00 | 42902.09 | 43877.68
Stop Loss= 40221.31
Risk/Reward= 1:1.5 | 1:2.65 | 1:3.98
Expected Profit= +21.44% | +38.00% | +57.12%
Possible Loss= -14.32%
Fib. Retracement= 0.382 | 0.618 | 0.883
Margin Leverage= 8x
Estimated Gain-time= 5 days
Trade closed: target reached:
TP2 reached with +38.00% (8x) and +2.65R
Bitcoin bounced exactly as foreseen, such an accuracy on that scalp, buying the fear once again!
200MA support is regained, last target was almost hit with up to +56% (8x), missed by only 54.83$.
We decided to update it higher to Fib 1.117 (44766.77$), SL adjusted to 1st entry (41105.01$) as usual.
Bitcoin bounced exactly as foreseen, such an accuracy on that scalp, buying the fear once again!
200MA support is regained, last target was almost hit with up to +56% (8x), missed by only 54.83$.
We decided to update it higher to Fib 1.117 (44766.77$), SL adjusted to 1st entry (41105.01$) as usual.
Trade closed: target reached:
TP3 reached with +74.48% (8x) and +5.2R
Bitcoin kept going up as expected, good thing we updated last target higher 👌🏼
Bitcoin kept going up as expected, good thing we updated last target higher 👌🏼
