Already in profit! BTC will trade at $4,500 in a week (Update!)
Hi, Traders!
Take a look at how precisely we timed the market yesterday by setting $3,900 as an entry price for going long!
At a current market price of $3,976, the floating P&L already constitutes $+770 or +20% (calculated per 1 lot with 10x leverage).
Now we are moving the Stop-Loss order to $3,910 to lock-in a minimum profit of 2.5%, and then we’re going to simply… wait!
Essentially, those who followed me on this signal will now realize one of the two possible scenarios:
- Wait until the Bitcoin price reaches the take-profit level at $4,500 and realize the +120% return on equity (per 1 lot with 10x leverage).
- Or, even if the price reverses downwards, get the minimum profit of 2.5% and then decide whether to re-enter long again (preferably, at a lower price), or reverse downwards.
To our Followers: Currently, the signal is active. I can confirm that $4,500 remains an active target / take-profit price, so you shouldn’t close your position.
Traders, I hope this update was useful to you! If you’re not following me yet, please, subscribe! I guarantee you will receive timely updates to this trading strategy, including all new trading signals. This will be to your advantage, and you will hopefully maximize your profits!
If you’d like to learn more about the technical analysis tools, underlying this Idea, please, click on the link below (under the 'Related Ideas' section)!
To your success,
Monfex!
Take a look at how precisely we timed the market yesterday by setting $3,900 as an entry price for going long!
At a current market price of $3,976, the floating P&L already constitutes $+770 or +20% (calculated per 1 lot with 10x leverage).
Now we are moving the Stop-Loss order to $3,910 to lock-in a minimum profit of 2.5%, and then we’re going to simply… wait!
Essentially, those who followed me on this signal will now realize one of the two possible scenarios:
- Wait until the Bitcoin price reaches the take-profit level at $4,500 and realize the +120% return on equity (per 1 lot with 10x leverage).
- Or, even if the price reverses downwards, get the minimum profit of 2.5% and then decide whether to re-enter long again (preferably, at a lower price), or reverse downwards.
To our Followers: Currently, the signal is active. I can confirm that $4,500 remains an active target / take-profit price, so you shouldn’t close your position.
Traders, I hope this update was useful to you! If you’re not following me yet, please, subscribe! I guarantee you will receive timely updates to this trading strategy, including all new trading signals. This will be to your advantage, and you will hopefully maximize your profits!
If you’d like to learn more about the technical analysis tools, underlying this Idea, please, click on the link below (under the 'Related Ideas' section)!
To your success,
Monfex!
Trade active:
Hello, Traders!
The idea is ACTIVE and I expect a strong rally UPWARDS to begin either today or tomorrow!
The chart pattern you’re seeing below is clearly indicating that the medium-term trend is UP and the breakout above the $4,000 resistance is very, very probable. The take-profit should be set at $4,500.
Both chart patterns - an ascending triangle and an ascending trend channel - are psychologically strong formations, which are generating a strong bullish signal. I expect the breakout above the $4,000 resistance to give new momentum to BTC/USD over the week and cause a new rally to $4,500 or even higher.
Keep holding a long position in BTC/USD and stay tuned!
To your trading success,
Monfex!
The idea is ACTIVE and I expect a strong rally UPWARDS to begin either today or tomorrow!
The chart pattern you’re seeing below is clearly indicating that the medium-term trend is UP and the breakout above the $4,000 resistance is very, very probable. The take-profit should be set at $4,500.
Both chart patterns - an ascending triangle and an ascending trend channel - are psychologically strong formations, which are generating a strong bullish signal. I expect the breakout above the $4,000 resistance to give new momentum to BTC/USD over the week and cause a new rally to $4,500 or even higher.
Keep holding a long position in BTC/USD and stay tuned!
To your trading success,
Monfex!
