$BTC/USDT 8h (Binance Futures) Ascending trendline retest
Bitcoin pulled back hard to TL support and almost hit 100EMA, what a big sell-off!
I think a last leg down is likely that's why We'll try to catch the next dip:
Current Price= 47166.07
Buy Entry= 46222.00 - 44518.00
Take Profit= 51195.75 | 55162.23 | 62672.52
Stop Loss= 40795.75
Risk/Reward= 1:1.25 | 1:2.11 | 1:3.73
Expected Profit= +25.44% | +42.90% | +75.96%
Possible Loss= -20.36%
Fib. Retracement= 0.618 | 0.786 | 1.272
Margin Leverage= 2x
Estimated Gain-time= 3 weeks
I think a last leg down is likely that's why We'll try to catch the next dip:
Current Price= 47166.07
Buy Entry= 46222.00 - 44518.00
Take Profit= 51195.75 | 55162.23 | 62672.52
Stop Loss= 40795.75
Risk/Reward= 1:1.25 | 1:2.11 | 1:3.73
Expected Profit= +25.44% | +42.90% | +75.96%
Possible Loss= -20.36%
Fib. Retracement= 0.618 | 0.786 | 1.272
Margin Leverage= 2x
Estimated Gain-time= 3 weeks
Trade closed: target reached:
TP1 reached with +25.44% (2x) and 1.25R
Amazing dip catch and bounce for Bitcoin, glad I did not miss this buy opportunity :)
We can see it's still trending in the upper part of an ascending channel so higher targets are still valid!
Amazing dip catch and bounce for Bitcoin, glad I did not miss this buy opportunity :)
We can see it's still trending in the upper part of an ascending channel so higher targets are still valid!
