$BTC/USDT 4h (Binance Futures) Descending parabolic channel
Bitcoin did a nasty leg down, I guess it's time to scalp it back up now.
Current Price= 30727.61
Buy Entry= 30951.17 - 30236.10
Take Profit= 32590.69 | 33899.28 | 36142.26
Stop Loss= 28936.44
Risk/Reward= 1:1 | 1:1.65 | 1:2.77
Expected Profit= +13.02% | +21.58% | +36.24%
Possible Loss= -13.10%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 2x
Estimated Gain-time= 120h
Current Price= 30727.61
Buy Entry= 30951.17 - 30236.10
Take Profit= 32590.69 | 33899.28 | 36142.26
Stop Loss= 28936.44
Risk/Reward= 1:1 | 1:1.65 | 1:2.77
Expected Profit= +13.02% | +21.58% | +36.24%
Possible Loss= -13.10%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 2x
Estimated Gain-time= 120h
Trade closed: target reached
TP1 reached with +13.02% (2x) and 1RBitcoin bounced very nicely, taking some profit here and letting run the rest aiming for higher target(s)!
Trade closed: target reached
TP2 reached with +21.58% (2x) and 1.65RBitcoin pushed up a bit more, road to last target now...
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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.