Short

#BTC/USDT 2D (ByBit) Rising wedge breakdown and retest

Updated

Bitcoin is facing historical supply zone and seems likely to get rejected on it, especially with that overbought RSI.
Probably wise to hedge short towards 100EMA support for the months to come.

⚡️⚡️ #BTC/USDT ⚡️⚡️
Exchanges: ByBit USDT, Binance Futures
Signal Type: Regular (Short)
Leverage: Isolated (4.0X)
Amount: 4.9%

Current Price:
33884.4

Entry Zone:
34464.6 - 36135.0

Take-Profit Targets:
1) 30982.8
1) 27731.6
1) 24480.3

Stop Targets:
1) 38912.3

Published By: @Zblaba

#Bitcoin #PoW bitcoin.org

Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0
Expected Profit= +48.9% | +85.8% | +122.6%
Possible Loss= -40.9%
Estimated Gaintime= 2-5 months

Trade active

ByBit USDT, Binance Futures
Entered entry zone ✅
Period: 1 Days 20 Hours 10 Minutes ⏰

pushed into supply zone and is being rejected right now, let's see if we can get the leg down to 31k we expect this month.

Trade closed: stop reached

Binance Futures, ByBit USDT
#BTC/USDT Stoploss ⛔
Loss: 40.9351% 📉

⚡️⚡️ #BTC/USDT ⚡️⚡️
Exchanges: ByBit USDT, Binance Futures
Signal Type: Regular (Short)
Leverage: Isolated (4.0X)
Amount: 4.9%

Entry Zone:
34464.6 - 36135.0 ✅

Stop Targets:
1) 38912.3 ✅

Published By: @Zblaba

🛑 2D (ByBit) SL hit with -1.0R

pushed back into the wedge and stopped us out on the ultimate resistance.

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