$BTC/USDT 1W (Binance Futures) Retracement about to end
Bitcoin is about to hit 50M on weekly view, this need to hold!
Current Price= 31000.00
Buy Entry = 29903.32 - 27178.10
Take Profit= 37946.16 | 46889.84 | 63979.58
Stop Loss= 20944.16
Risk/Reward= 1:1.25 | 1:2.44 | 1:4.7
Expected Profit= +33.20% | +64.59% | +124.58%
Possible Loss= -26.48%
Fib. Retracement= 0.5 | 0.618 | 1
Margin Leverage= 1x
Estimated Gain-time= 3 months
Current Price= 31000.00
Buy Entry = 29903.32 - 27178.10
Take Profit= 37946.16 | 46889.84 | 63979.58
Stop Loss= 20944.16
Risk/Reward= 1:1.25 | 1:2.44 | 1:4.7
Expected Profit= +33.20% | +64.59% | +124.58%
Possible Loss= -26.48%
Fib. Retracement= 0.5 | 0.618 | 1
Margin Leverage= 1x
Estimated Gain-time= 3 months
Note
TP1 would have been reached with +33.20% (1x)What a bounce for Bitcoin, unfortunately PC bot was not able to enter on time but good profit if you were in manually!
Note
Swing long set-up still in playRemember that we still have that buy zone down there for Bitcoin
We just adjusted the entry 500$ wider to be sure to get in if wicks to 30k again!
Buy Entry= 30153.32 - 26823.00
Trade active
First entry filledBitcoin is finally entering back the buy zone, this is a must hold territory!
Trade closed: target reached
TP2 reached with +64.59% (1x) and +2.44RBitcoin finally broke-out bullish and went directly for 50MA in Futures pair.
Thinking we made that Technical Analysis (TA) 2 months ago you may realize the insane accuracy of it 😲
Since that wick up was too fast for the PC bot to take profit, it is still in play, patience being the key as usual.
SL updated to 2nd entry (26823.00$) and stick to the plan until it ends!
Trade closed: target reached
Updated TP2 reached with +62.49% (1x) and +2.36RBitcoin bounced back up so we adjusted the 2nd target 600$ lower to be sure the PC bot takes profit this time!
Stop Loss updated to first entry now (30153.32$) and let that swing go!
Trade closed: target reached
TP3 reached with +124.58% (1x) and +4.7RBitcoin made it to last target in 5 months instead of 3, quite an amazing long swing with very accurate entry! 📈
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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.
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.