$BTC/USDT 8h (Binance Futures) Descending channel true breakout
Updated
Let's hope Bitcoin won't fake it again this time!
Current Price= 34999.99
Buy Entry= 34864.03 - 33983.83
Take Profit= 37150.53 | 40588.38 | 46350.67
Stop Loss= 32591.51
Risk/Reward= 1:1.49 | 1:3.36 | 1:6.51
Expected Profit= +15.84% | +35.82% | +69.30%
Possible Loss= -10.64%
Fib. Retracement= 0.786 | 1.272 | 1.618
Margin Leverage= 2x
Estimated Gain-time= 420h
Current Price= 34999.99
Buy Entry= 34864.03 - 33983.83
Take Profit= 37150.53 | 40588.38 | 46350.67
Stop Loss= 32591.51
Risk/Reward= 1:1.49 | 1:3.36 | 1:6.51
Expected Profit= +15.84% | +35.82% | +69.30%
Possible Loss= -10.64%
Fib. Retracement= 0.786 | 1.272 | 1.618
Margin Leverage= 2x
Estimated Gain-time= 420h
Trade closed: target reached
TP1 reached with +15.84% (2x) and 1.49RPerfect breakout for Bitcoin, I am taking some partial profit here.
Note
TP2 with +35.82% (2x) and 3.36RBitcoin kept going up and reached my second target, very nice profit! Still room to grow.
Trade closed: target reached
TP3 with +69.30% (2x) and 6.51RThat's a wrap for Bitcoin, all targets reached yesterday, so accurate!
Trade is closed but this does not look topped at all so I will keep an eye on it to long again.
By the way, I'm still maintaining my position in Bybit and surely holding BTC in Spot for mid-term.
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