BTC/USDT 2D (Binance Futures) Descending channel on support
Bitcoin seems weak but still accumulating, a last leg-down to 100EMA is likely before bulls take over again!
Current Price= 45673.58
Buy Entry = 44770.00 - 42045.00
Take Profit= 52813.00 | 64886.00 | 76891.00
Stop Loss= 35811.00
Risk/Reward= 1:1.25 | 1:2.85 | 1:4.45
Expected Profit= +21.82% | +49.66% | +77.35%
Possible Loss= -17.40%
Fib. Retracement= 0.5 | 1 | 1.414
Margin Leverage= 1x
Estimated Gain-time= 3 months
Current Price= 45673.58
Buy Entry = 44770.00 - 42045.00
Take Profit= 52813.00 | 64886.00 | 76891.00
Stop Loss= 35811.00
Risk/Reward= 1:1.25 | 1:2.85 | 1:4.45
Expected Profit= +21.82% | +49.66% | +77.35%
Possible Loss= -17.40%
Fib. Retracement= 0.5 | 1 | 1.414
Margin Leverage= 1x
Estimated Gain-time= 3 months
Trade active:
All entries filled
Bitcoin respecting perfectly the plan so far, I guess Technical Analysis is still ruling the market even if some people may think the contrary!
Bitcoin respecting perfectly the plan so far, I guess Technical Analysis is still ruling the market even if some people may think the contrary!
