$BTC/USDT 4h (Binance Fut.) Symmetrical triangle break & retest
Updated
Bitcoin hedge in case market reverses here, in order protect our capital a bit.
Current Price= 36493.96
Sell Entry = 36793.10 - 37714.90
Take Profit= 35101.29 | 33403.28 | 32286.82
Stop Loss=39018.29
Risk/Reward= 1:1.25 | 1:2.23 | 1:2.87
Expected Profit= +23.36% | +41.56% | +53.56%
Possible Loss= -18.68%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 4x
Estimated Gain-time= 10 days
Current Price= 36493.96
Sell Entry = 36793.10 - 37714.90
Take Profit= 35101.29 | 33403.28 | 32286.82
Stop Loss=39018.29
Risk/Reward= 1:1.25 | 1:2.23 | 1:2.87
Expected Profit= +23.36% | +41.56% | +53.56%
Possible Loss= -18.68%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 4x
Estimated Gain-time= 10 days
Trade active
First entry filledBitcoin went for 100EMA retest as expected and is now heading down, let's hope to reach 1st target at least.
Trade closed: target reached
TP1 was reached with +23.36% (4x) and +1.25RBitcoin retraced down as planned at first, then bounced back and regained descending TL & 100EMA.
PC bot closed remaining position at 2nd entry with -4.68% (4x), good thing because it went for SL after.
If you are still shorting, we recommend fully closing if ascending TL & 200MA are broken, a last pull-back is likely to give long opportunity!
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