$BTC/USDT 3D (#Bybit) Symmetrical triangle on resistance
Updated
⚡️⚡️ #BTC/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (2.0X)
Current Price:
46530.5
Entry Zone:
46521.0 - 48866.0
Take-Profit Targets:
1) 40154.5
2) 34475.0
3) 29528.5
Stop Targets:
1) 54002.0
Published By: @Zblaba
Bitcoin is facing 50MA / supply zone where it could be rejected and reverse.
Risk/Reward= 1:1.2 | 1:2.1 | 1:2.88
Expected Profit= +31.62% | +55.44% | +76.18%
Possible Loss= -26.46%
Fib. Retracement= 0.5 | 0.883 | 1.272
Margin Leverage= 2x
Estimated Gain-time= 6 months
Tags: #BTC #BTCUSD #XBT #WBTC #BTCB #Blockchain #PoW #Satoshi
Website: bitcoin.org
Contract:
#Mainnet
Exchanges: ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (2.0X)
Current Price:
46530.5
Entry Zone:
46521.0 - 48866.0
Take-Profit Targets:
1) 40154.5
2) 34475.0
3) 29528.5
Stop Targets:
1) 54002.0
Published By: @Zblaba
Bitcoin is facing 50MA / supply zone where it could be rejected and reverse.
Risk/Reward= 1:1.2 | 1:2.1 | 1:2.88
Expected Profit= +31.62% | +55.44% | +76.18%
Possible Loss= -26.46%
Fib. Retracement= 0.5 | 0.883 | 1.272
Margin Leverage= 2x
Estimated Gain-time= 6 months
Tags: #BTC #BTCUSD #XBT #WBTC #BTCB #Blockchain #PoW #Satoshi
Website: bitcoin.org
Contract:
#Mainnet
Trade active
2/3 entries filledBitcoin is being rejected so far, bear in mind this #Hedge set-up would take time to play out!
Note
Bitcoin got rejected on 200MA, we could say it initiated the move down, 50MA retest looks legit!Trade closed: target reached
Closer TP1 reached with +18.38% (2x) and +0.7R Bitcoin is facing similar situation so we believe it's better to play safe and secure some profit here!
A bounce back would be logical, TPs and SL (48866.5) edited according to the current situation.
Trade closed: target reached
TP2 was reached with +32.94% (2x) and +1.25R Bitcoin lost support and went for 2nd target before breaking out of the wedge, we did well adjusting it.
Now facing 50MA resistance, we edited SL to 46521.0 and we see two possible scenarios:
- rejection & retracement down to TP3 then bounce (orange)
- regain support & pump towards desc TL then dump (green)
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