#Bitcoin is having a nice bull run from weeks now, but I believe we need a correction before resuming bullish again.
This is the Spot chart, so if you are holding some BTC you just need to put several sell orders at different prices inside the zone.
Also, I'm trading it with the PC bot in Futures but the idea is more to win some satoshis than dollars!
Current Price= 32678.22
Sell Entry= 32409.90 - 34654.51
Take Profit= 27904.22 | 25159.31 | 21279.74
Stop Loss= 38034.31
Risk/Reward= 1:1.25 | 1:1.85 | 1:2.71
Expected Profit= +16.76% | +24.95% | +36.52%
Possible Loss= -13.46%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 1440h
This is the Spot chart, so if you are holding some BTC you just need to put several sell orders at different prices inside the zone.
Also, I'm trading it with the PC bot in Futures but the idea is more to win some satoshis than dollars!
Current Price= 32678.22
Sell Entry= 32409.90 - 34654.51
Take Profit= 27904.22 | 25159.31 | 21279.74
Stop Loss= 38034.31
Risk/Reward= 1:1.25 | 1:1.85 | 1:2.71
Expected Profit= +16.76% | +24.95% | +36.52%
Possible Loss= -13.46%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 1440h
Trade closed: target reached
TP1 reached with +16.76% (1x)And there came the Bitcoin correction, both entries perfectly filled then dump to first target as expected in Futures.
Unfortunately that was way too fast for the PC bot to buy back but if you are operating manually or at least sold in Spot on time you can thank me now 😉
Trade closed: stop reached
Stopped out with -13.46% (1x)After reaching first target, #Bitcoin bounced hard on channel support and just broke it to the upwards.
This is very bullish again, so I guess closing short here is a smart move, we could go for 40k or so!
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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.