BTC/USDT 6h (Binance Fut) Symmetrical triangle on support, again
After the sudden move up of Bitcoin yesterday, many trades got trapped again.
Luckily, not us this time, but I'm still expecting it to go for a new local high soon!
I'm expecting to revisit at least the upper-line of the parallel channel.
Current Price= 11726.62
Buy Entry= 11740.00 - 11580.00
Take Profit= 11947.46 | 12172.85 | 12870.22
Stop Loss= 11357.30
Risk/Reward= 1:1 | 1:1.76| 1:4.13
Expected Profit= +25.30% | +44.70% | +104.50%
Possible Loss= -25.30%
Fib. Retracement= 0.618 | 0.786 | 1.272
Margin Leverage= 10x
Estimated Gain-time= 504h
Luckily, not us this time, but I'm still expecting it to go for a new local high soon!
I'm expecting to revisit at least the upper-line of the parallel channel.
Current Price= 11726.62
Buy Entry= 11740.00 - 11580.00
Take Profit= 11947.46 | 12172.85 | 12870.22
Stop Loss= 11357.30
Risk/Reward= 1:1 | 1:1.76| 1:4.13
Expected Profit= +25.30% | +44.70% | +104.50%
Possible Loss= -25.30%
Fib. Retracement= 0.618 | 0.786 | 1.272
Margin Leverage= 10x
Estimated Gain-time= 504h
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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.