BTC/USDT 1D (Binance Futures) Rising wedge retest
#Bitcoin looks overbought right now and pullback of broken big wedge seems to end here.
I believe a correction, even a small one, is due now before resuming bull-run!
Current Price= 12927.43
Buy Entry= 12690.17 - 12969.57
Take Profit= 12214.74 | 11721.19 | 11044.86
Stop Loss= 13445.06
Risk/Reward= 1:1 | 1:1.8 | 1:2.9
Expected Profit= +14.37% | +25.92% | +41.73%
Possible Loss= -14.37%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 3x
Estimated Gain-time= 1440h
I believe a correction, even a small one, is due now before resuming bull-run!
Current Price= 12927.43
Buy Entry= 12690.17 - 12969.57
Take Profit= 12214.74 | 11721.19 | 11044.86
Stop Loss= 13445.06
Risk/Reward= 1:1 | 1:1.8 | 1:2.9
Expected Profit= +14.37% | +25.92% | +41.73%
Possible Loss= -14.37%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 3x
Estimated Gain-time= 1440h
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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.