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BTCUSDT Perpetual Contract
Long
Updated

#BTCUSDT #1h (ByBit) Descending trendline breakout

237
Bitcoin seems to have found bottom and is forming a local uptrend, looks good for bullish continuation after regaining 100EMA support.

⚡️⚡️ #BTC/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Long)
Leverage: Isolated (13.0X)
Amount: 4.9%

Current Price:
57720.9

Entry Targets:
1) 57411.4

Take-Profit Targets:
1) 60987.5

Stop Targets:
1) 55618.9

Published By: @Zblaba

BTC BTCUSDT #1h #Bitcoin #PoW bitcoin.org

Risk/Reward= 1:2.0
Expected Profit= +81.0%
Possible Loss= -40.6%
Estimated Gaintime= 2-3 days
Trade active
BTCUSDT.P All entry targets achieved
Average Entry Price: 57411.4 💵

BTC is pulling back to 100EMA support where a bounce seems likely.

snapshot
Trade closed: stop reached
BTCUSDT.P Stop Target Hit ⛔️
Loss: 40.5886% 📉

BTC lost local support after all, seems like it was another fake-out.

snapshot
Note
BTCUSDT.P Would be back in profit

BTC stop hunted us then printed a morning star and regained 100EMA support, making a Higher High (HH).
Initial target remains valid, if you are still in you could protect the trade by updating SL to BE.

snapshot
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Bitcoin (Cryptocurrency)BTCBTCUSDTbybitcryptofibretracementminingMoving AveragesPOWSupport and ResistanceTrend Linesxbt

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Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Bitcoin (Cryptocurrency)BTCBTCUSDTbybitcryptofibretracementminingMoving AveragesPOWSupport and ResistanceTrend Linesxbt
TradingOn
Also on:

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.