BTC/USDT 12H (Binance Fut) Ascending channel retest & breakdown
TA: Bitcoin is due for a correction, maybe only a small one but I'm expecting a big one this time if support breaks down.
Current Price= 9074.13
Buy Entry= 9119.00 - 9219.00
Take Profit= 8912.00 | 8506.50 | 7976.80
Stop Loss= 9426.00
Risk/Reward= 1:1 | 1:2.58 | 1:4.64
Expected Profit= 28.00% | 72.30% | 130.00%
Possible Loss= -28.00%
Fib. Retracement= 0.618 | 0.786 | 1
Margin Leverage= 10x
Estimated Gain-time= 480h
Current Price= 9074.13
Buy Entry= 9119.00 - 9219.00
Take Profit= 8912.00 | 8506.50 | 7976.80
Stop Loss= 9426.00
Risk/Reward= 1:1 | 1:2.58 | 1:4.64
Expected Profit= 28.00% | 72.30% | 130.00%
Possible Loss= -28.00%
Fib. Retracement= 0.618 | 0.786 | 1
Margin Leverage= 10x
Estimated Gain-time= 480h
Trade active:
First entry hit then started going down.
Trade closed: target reached:
TP1 hit on that wick down with +2.80% profit (28.00% using 10x as recommended).
Now it's back to entry, I'm still expected a bigger move to come!
Now it's back to entry, I'm still expected a bigger move to come!
