Bitcoin has broken-out above 200MA on daily chart last month and is now consolidating above it, we expect to continue the up-trend towards new highs!
Risk/Reward= 1:2 | 1:3.81 | 1:6.67
Expected Profit= +29.04% | +55.52% | +97.08%
Possible Loss= -14.55%
Fib. Retracement= 0.883 | 1.117 | 1.414
Margin Leverage= 1x
Estimated Gain-time= 4 months
Current Price:
47256.5
Entry Zone:
47123.5 - 44610.5
Take-Profit Targets:
1) 59186.0
2) 71331.0
3) 90395.5
Stop Targets:
1) 39191.5
Risk/Reward= 1:2 | 1:3.81 | 1:6.67
Expected Profit= +29.04% | +55.52% | +97.08%
Possible Loss= -14.55%
Fib. Retracement= 0.883 | 1.117 | 1.414
Margin Leverage= 1x
Estimated Gain-time= 4 months
Current Price:
47256.5
Entry Zone:
47123.5 - 44610.5
Take-Profit Targets:
1) 59186.0
2) 71331.0
3) 90395.5
Stop Targets:
1) 39191.5
Trade active:
All entries filled
Bitcoin dipped retesting the support and following the plan so far, let's be patient now!
Bitcoin dipped retesting the support and following the plan so far, let's be patient now!
Trade closed: target reached:
TP1 reached with +29.04% (1x) and +2R
Patience paid off nicely, Bitcoin made it and does not seem to be stopping quite yet!
Feels great to earn satoshis on the way up, SL adjusted to 2nd entry (44610.5$) to secure the trade.
Patience paid off nicely, Bitcoin made it and does not seem to be stopping quite yet!
Feels great to earn satoshis on the way up, SL adjusted to 2nd entry (44610.5$) to secure the trade.
Comment:
TP2 missed by 3.11% (2148.5$) with up to +50.83% (1x)
Bitcoin missed 2nd target 3 weeks ago, then retraced down to 50MA / asc TL acting as support again, looks like a good place to bounce back!
Bitcoin missed 2nd target 3 weeks ago, then retraced down to 50MA / asc TL acting as support again, looks like a good place to bounce back!
Comment:
Bitcoin bounced +11.17% at first but then was not strong enough to keep up and fell -30.20% continuing the retracement down from ATH to prior demand zone.
Updated SL would have been hit but seems like cornix_trading_bot has not closed the position since Mark price probably did not go that low.
Several ascending TL (trendlines) got broken though but it appears that it bounced on the one it should have, so far!
Less than 4 hours to go for the candle to close above the 200MA daily which would be quite appreciated for bulls.
Updated SL would have been hit but seems like cornix_trading_bot has not closed the position since Mark price probably did not go that low.
Several ascending TL (trendlines) got broken though but it appears that it bounced on the one it should have, so far!
Less than 4 hours to go for the candle to close above the 200MA daily which would be quite appreciated for bulls.
Trade closed manually:
Remaining position closed with -2.74% (1x) and -0.19R
Average profit: +11.51% (1x) and +0.79R
Bitcoin bounced several times on 200MA Daily but ended up losing it anyway.
Now sitting on falling wedge support, we'll wait for reversal signs to long it back!
Average profit: +11.51% (1x) and +0.79R
Bitcoin bounced several times on 200MA Daily but ended up losing it anyway.
Now sitting on falling wedge support, we'll wait for reversal signs to long it back!
Bitcoin is back on track and just made a Higher High (HH) confirming the up-trend has resumed!
After almost hitting SL, it bounced back on 50MA support and regained 200MA daily.
Bears are trapped and in deny which is fuel for bulls, we'll probably see a new All Time High (ATH) before End Of Year (EOY) 🙌🏼