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$BTC/USDT 4h (Binance Futures) Falling broadening wedge breakout
Bitcoin / TetherUS PERPETUAL CONTRACT
Long
$BTC/USDT 4h (Binance Futures) Falling broadening wedge breakout
By TradingOn
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Updated
Jun 28, 2021
5
Jun 25, 2021
Bitcoin has broken out bullish locally then got rejected on 100EMA.
Now it is pulling back and about to retest the wedge, let's catch next dip!
Current Price= 32734.74
Buy Entry = 31964.00 - 31176.00
Take Profit= 34498.00 | 35988.00 | 38235.00
Stop Loss= 29472.00
Risk/Reward= 1:1.4 | 1:2.11 | 1:3.18
Expected Profit= +27.81% | +41.97% | +63.33%
Possible Loss= -19.95%
Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 3x
Estimated Gain-time= 2 weeks
Jun 25, 2021
Trade active
First entry filled
Bitcoin kept dipping as expected and reacted well on demand zone so far.
Jun 28, 2021
Trade closed: target reached
TP1 reached with +27.81% (3x) and +1.4R
Bitcoin bounced back up as planned and regained 100EMA, that's a relief 🙌🏼
Jun 28, 2021
Note
Possible next move
Bitcoin could retest 100EMA before continuing bullish, we are not switching to bear here.
Jun 29, 2021
Trade closed: target reached
TP2 reached with +41.97% (3x) and +2.11R
No pulling back, Bitcoin kept pushing up and brought us a very nice profit from local bottom! 💪🏼
binance
Bitcoin (Cryptocurrency)
BTC
BTCUSDT
bullishbreakout
futures
Moving Averages
Support and Resistance
Wedge
TradingOn
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