#BTC/USDT 1h (OKX Futures) Parabolic channel on resistance

Bitcoin just printed a shooting star and seems likely to retrace down with that overbought RSI, very short-term.

⚡️⚡️ #BTC/USDT ⚡️⚡️
Exchanges: OKX Futures
Signal Type: Regular (Short)
Leverage: Isolated (9.0X)
Amount: 5.0%

Current Price:
47555.0

Entry Targets:
1) 47643.2

Take-Profit Targets:
1) 45534.1

Stop Targets:
1) 48700.3

Published By: @TradingOn

BTC BTCUSDT.P #Bitcoin #P2P bitcoin.org

Risk/Reward= 1:2.0
Expected Profit= +39.8%
Possible Loss= -20.0%
Estimated Gaintime= 2-4 days

Trade active:

OKX Futures
#BTC/USDT All entry targets achieved
Average Entry Price: 47643.2 💵

BTC just got rejected after retesting the entry, very nice start.

Comment:

OKX Futures
BTCUSDT.P 1h

BTC pushed a bit higher but quite a bearish rejection again, almost a gravestone doji, scenario remains valid.

Trade closed: stop reached:

OKX Futures
BTCUSDT.P Stop Target Hit ⛔️
Loss: 19.9691% 📉

BTC wicked up right after the weekly close, forming an evening star and stopping us out.
50MA got retested printing a hammer and is still holding the up-trend, we'll try again once it's lost.