#BTC/USDT 3D (Binance Futures) Ascending channel on resistance

By TradingOn
Updated
Bitcoin is facing historical supply zone and RSI about to enter overbought territory.
Local top seems near and price may retrace down to 50MA, mid-term.

⚡️⚡️ #BTC/USDT ⚡️⚡️
Exchanges: Binance Futures
Signal Type: Regular (Short)
Leverage: Isolated (5.0X)
Amount: 5.5%

Current Price:
51926.9

Entry Targets:
1) 52197.8

Take-Profit Targets:
1) 40814.3

Stop Targets:
1) 57903.8

Published By: @Zblaba

BTC BTCUSDT.P #Bitcoin #PoW #P2P bitcoin.org

Risk/Reward= 1:2.0
Expected Profit= +109.0%
Possible Loss= -54.7%
Estimated Gaintime= 2-4 months
Trade active
Binance Futures
BTCUSDT.P All entry targets achieved
Average Entry Price: 52197.8 💵

BTC is being rejected on channel resistance so far, that's a start.

snapshot
Trade closed: stop reached
Binance Futures
BTCUSDT.P Stop Target Hit ⛔️
Loss: 54.6575% 📉

BTC did not get rejected where we were expected and pushed higher instead.

snapshot
binanceBitcoin (Cryptocurrency)BTCBTCUSDTcryptoMoving Averagesp2pParallel ChannelPOWRelative Strength Index (RSI)Supply and Demandxbt
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