$BTC/USDT 12h (#Bybit) Rising wedge breakdown and retest
Bitcoin lost 50MA support and is pulling back to it, more downtrend seems likely if gets rejected here.
⚡️⚡️ #BTC/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (5.0X)
Amount: 5.0%
Current Price:
28754.0
Entry Targets:
1) 28768.5
Take-Profit Targets:
1) 25310.4
Stop Targets:
1) 31081.5
Published By: @Zblaba
BTC #BTCUSDT #Bitcoin #XBT #PoW bitcoin.org
Risk/Reward= 1:1.5
Expected Profit= +60.1%
Possible Loss= -40.2%
⚡️⚡️ #BTC/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (5.0X)
Amount: 5.0%
Current Price:
28754.0
Entry Targets:
1) 28768.5
Take-Profit Targets:
1) 25310.4
Stop Targets:
1) 31081.5
Published By: @Zblaba
BTC #BTCUSDT #Bitcoin #XBT #PoW bitcoin.orgRisk/Reward= 1:1.5
Expected Profit= +60.1%
Possible Loss= -40.2%
Trade active
Entry filledNote
BTC is going down as planned, entry now above 50MA, time to move SL to BE.Note
BTC got rejected on 50MA acted again, we still expect target to be reached.
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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.