$BTC/USDT 8h (Binance Futures) Trendlines breakout and retest
Updated
Bitcoin swing set-up
Current Price= 46847.68
Buy Entry= 46924.47 - 45928.73
Take Profit= 49993.59 | 54590.56 | 63119.69
Stop Loss= 42845.99
Risk/Reward= 1:1 | 1:2.29 | 1:4.67
Expected Profit= +14.40% | +35.20% | +71.96%
Possible Loss= -14.40%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 2x
Estimated Gain-time= 3 weeks
Current Price= 46847.68
Buy Entry= 46924.47 - 45928.73
Take Profit= 49993.59 | 54590.56 | 63119.69
Stop Loss= 42845.99
Risk/Reward= 1:1 | 1:2.29 | 1:4.67
Expected Profit= +14.40% | +35.20% | +71.96%
Possible Loss= -14.40%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 2x
Estimated Gain-time= 3 weeks
Trade active
2/3 entries filledBitcoin dipped and bounced as planned so far, this is what I expect it to do this month 🤞🏼
Trade closed: target reached
TP1 reached with +14.40% (2x) and +1RBitcoin bounced on descending support as expected, nice feeling to have caught the dip when many were FUDing...
(FUD= Fear, Uncertainty and Doubt, don't let you drive by that!)
I think bullish continuation is very likely, I am holding position and would be adding if market dips a last time
Trade closed: target reached
TP2 reached with +35.20% (2x) and +2.29RBitcoin went straight up without dipping this time, great profit!
Trade closed: target reached
TP3 reached with +71.96% (2x) and +4.76RBitcoin finally went for last target after some ranging, the trade is closed but that does not mean it should dump.
In fact, I would be looking for a new long if market dips again!
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