$BTC/USDT 4h (Binance Futures) Falling broadening wedge breakout
Bitcoin has broken out bullish locally then got rejected on 100EMA.
Now it is pulling back and about to retest the wedge, let's catch next dip!
Current Price= 32734.74
Buy Entry = 31964.00 - 31176.00
Take Profit= 34498.00 | 35988.00 | 38235.00
Stop Loss= 29472.00
Risk/Reward= 1:1.4 | 1:2.11 | 1:3.18
Expected Profit= +27.81% | +41.97% | +63.33%
Possible Loss= -19.95%
Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 3x
Estimated Gain-time= 2 weeks
Now it is pulling back and about to retest the wedge, let's catch next dip!
Current Price= 32734.74
Buy Entry = 31964.00 - 31176.00
Take Profit= 34498.00 | 35988.00 | 38235.00
Stop Loss= 29472.00
Risk/Reward= 1:1.4 | 1:2.11 | 1:3.18
Expected Profit= +27.81% | +41.97% | +63.33%
Possible Loss= -19.95%
Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 3x
Estimated Gain-time= 2 weeks
Trade active:
First entry filled
Bitcoin kept dipping as expected and reacted well on demand zone so far.
Bitcoin kept dipping as expected and reacted well on demand zone so far.
Trade closed: target reached:
TP1 reached with +27.81% (3x) and +1.4R
Bitcoin bounced back up as planned and regained 100EMA, that's a relief 🙌🏼
Bitcoin bounced back up as planned and regained 100EMA, that's a relief 🙌🏼
Trade closed: target reached:
TP2 reached with +41.97% (3x) and +2.11R
No pulling back, Bitcoin kept pushing up and brought us a very nice profit from local bottom! 💪🏼
No pulling back, Bitcoin kept pushing up and brought us a very nice profit from local bottom! 💪🏼
Bitcoin could retest 100EMA before continuing bullish, we are not switching to bear here.