$BTC/USDT 12h (#Bybit) Ascending trendline retest
Bitcoin just printed a shooting star like 6 months ago, which is a reversal candlestick.
Also, we got a bearish divergence on RSI, this could finally lead to a retracement down to 100EMA.
⚡️⚡️ #BTC/USDT ⚡️⚡️
Exchanges: Binance Futures, ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (7.0X)
Amount: 6.8%
Current Price:
23776.0
Entry Zone:
23809.5 - 24317.5
Take-Profit Targets:
1) 22860.5
2) 21954.5
3) 21049.0
Stop Targets:
1) 25070.0
Published By: @Zblaba
Also, we got a bearish divergence on RSI, this could finally lead to a retracement down to 100EMA.
⚡️⚡️ #BTC/USDT ⚡️⚡️
Exchanges: Binance Futures, ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (7.0X)
Amount: 6.8%
Current Price:
23776.0
Entry Zone:
23809.5 - 24317.5
Take-Profit Targets:
1) 22860.5
2) 21954.5
3) 21049.0
Stop Targets:
1) 25070.0
Published By: @Zblaba
Trade closed: target reached
🎯TP1 with +35.0% (7x) and +1.2RBitcoin got rejected on 24k supply zone as planned and went for first target.
SL adjusted above entry to secure the trade after partially taking profit!
Trade closed: target reached
🎯TP2 reached with +61.4% (7x) and +2.1RBitcoin lost local support and continued with the retracement down.
Now heading towards final target, SL adjusted below entry to secure the trade!
#BTCUSDT #XBT #PoW
Trade closed manually
Remaining position closed with +7.4% (7x) and +0.25RBitcoin bounced before reaching final target and went all the way back to supply zone, kicking us out.
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Related publications
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.