$BTC/USDT 30m (Binance Futures) Descending channel on support
Updated
Bitcoin risky scalp, expecting a bounce here.
Current Price= 29714.87
Buy Entry= 29535.51 - 29269.81
Take Profit= 29404.34 | 30585.17 | 31450.24
Stop Loss= 28747.25
Risk/Reward= 1:1 | 1:1.8 | 1:3.11
Expected Profit= +11.25% | +20.10% | +34.80%
Possible Loss= -11.25%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 5x
Estimated Gain-time= 72h
Current Price= 29714.87
Buy Entry= 29535.51 - 29269.81
Take Profit= 29404.34 | 30585.17 | 31450.24
Stop Loss= 28747.25
Risk/Reward= 1:1 | 1:1.8 | 1:3.11
Expected Profit= +11.25% | +20.10% | +34.80%
Possible Loss= -11.25%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 5x
Estimated Gain-time= 72h
Trade closed: target reached
TP1 reached with +11.25% (5x) and 1RWooow that was so fast, by the time I published in TradingView it was bouncing already.
I hope you managed to buy some Bitcoin anyway, what a bullish reaction!
Trade closed: target reached
TP2 reached with +20.10% (5x) and 1.8RCrazy stuff going on, I'm glad I caught this move up for Bitcoin!
Trade closed: target reached
TP3 reached with +34.80% (5x) and 3.11RBitcoin made it to last target, then pulled back a last time before breaking the channel.
This trade is closed but I am still holding some BTC and I may long it again soon!
Note
And it kept going up...Bitcoin following my expectation again, that is a pleasant feeling! 😊
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