$BTC/USDT 1h (#Bybit) Falling broadening wedge breakout & retest

BYBIT:BTCUSDT   BTCUSDT Perpetual Contract
⚡️⚡️ #BTC/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Long)
Leverage: Isolated (3.0X)

Current Price:

Entry Zone:
39925.0 - 39471.0

Take-Profit Targets:
1) 40764.0
2) 41746.0
3) 42459.5

Stop Targets:
1) 38806.0

Published By: @TradingOn

Bitcoin looks good for short-term recovery after showing some clear reversal signs!

Risk/Reward= 1:1.2 | 1:2.3 | 1:3.1
Expected Profit= +8.07% | +15.48% | +20.88%
Possible Loss= -6.75%

Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 3x
Estimated Gain-time= 3-4 days

Tags: #BTC #BTCUSD #XBT #WBTC #BTCB #Blockchain #PoW #Satoshi


Trade active: All entries filled

Bitcoin dipped retesting the wedge and is bouncing back so far.

Trade closed: target reached: TP1 reached with +8.07% (3x) and +1.2R

Bitcoin following the forecast nicely, such a timing for that local bottom catch!
Now approaching 100EMA resistance, Took some Profit and moved Stop Loss to lowest entry (39471.0)

Always manage risk accordingly and respect leverage!

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