$BTC/USDT 8h (Binance Fut) Descending triangle breakout & retest for BINANCE:BTCUSDTPERP by TradingOn

$BTC/USDT 8h (Binance Fut) Descending triangle breakout & retest

#Bitcoin swing, entering on a possible pull-back retesting the broken triangle and 50MA.

Current Price= 18720.01
Buy Entry= 18469.00 - 17669.00
Take Profit= 19544.19 | 21128.76 | 23600.58
Stop Loss= 16786.29

Risk/Reward= 1:1.15 | 1:2.39 | 1:4.31
Expected Profit= +16.32% | +33.86% | +61.22%
Possible Loss= -14.20%

Fib. Retracement= 1 | 1.414 | 2
Margin Leverage= 2x
Estimated Gain-time= 480h

Note

By the time I published, it was out of buy range, too bad

But we may be lucky on a wick so I let that #Bitcoin signal run.
I hope you manually bot some at least on Spot!

Trade active

First entry filled and bounced

I forgot to notify you yesterday, but #Bitcoin pulled-back and gave us a nice opportunity.
First target was almost reached, wait for it and the higher ones as well!

Trade closed: target reached

TP1 with +16.32% (2x)

Bitcoin bounced nicely and we caught it on time again, enjoy your profit and hold for higher targets!

Trade closed: target reached

TP3 hit with +61.22% (2x)

And that's a big fat wrap for #Bitcoin, I hope you held on to that one!
Buy zone was so accurate it's almost unbelievable, isn't it? 😜

TradingOn

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