BTC/USDT 4h (Binance Futures) Descending triangle breakout
Updated
Bitcoin just broke-out that triangle, the idea is to enter on a pull-back retesting it.
20EMA seems to be supporting the up-trend, in case of breaking it down we would see more retracement I believe!
Current Price= 18082.14
Buy Entry= 17851.50 - 17571.50
Take Profit= 18227.66 | 18881.76 | 19360.46
Stop Loss= 17194.34
Risk/Reward= 1:1 | 1:2.27 | 1:3.19
Expected Profit= +11.68% | +26.44% | +37.24%
Possible Loss= -11.68%
Fib. Retracement= 0.786 | 1.272 | 1.618
Margin Leverage= 4x
Estimated Gain-time= 240h
20EMA seems to be supporting the up-trend, in case of breaking it down we would see more retracement I believe!
Current Price= 18082.14
Buy Entry= 17851.50 - 17571.50
Take Profit= 18227.66 | 18881.76 | 19360.46
Stop Loss= 17194.34
Risk/Reward= 1:1 | 1:2.27 | 1:3.19
Expected Profit= +11.68% | +26.44% | +37.24%
Possible Loss= -11.68%
Fib. Retracement= 0.786 | 1.272 | 1.618
Margin Leverage= 4x
Estimated Gain-time= 240h
Trade closed: target reached
TP1 reached with +11.68% (4x)That was another accurate dip catch on #Bitcoin to take advantage of the up-trend again!
Parabolic curve is still intact, road to higher targets now 💪🏼
Note
TP2 reached with +26.44% (4x)Bitcoin made it again during weekend, that was very nice to see.
Then it dipped, down to buy zone giving back entry for those who missed the first train.
Unfortunately, PC bot sold remaining position at entry, but I manually entered in Bybit aiming for last target 🤞🏼
If you did so too, don't forget to partially TP and move SL at BE!
Trade closed: target reached
TP3 reached with +37.24% (4x)King Bitcoin went for last target as expected, congrats to those who held so far, great profit!
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