$BTC/USDT 8h (#Bybit) Bearish flag breakdown and retest
Bitcoin has lost the ascending channel support and seems likely to resume the down-trend after pulling back to 100EMA resistance.
⚡️⚡️ #BTC/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (2.0X)
Amount: 12.5%
Current Price:
21478.0
Entry Zone:
21924.0 - 22956.0
Take-Profit Targets:
1) 20123.0
2) 18513.0
3) 16903.0
Stop Targets:
1) 24229.0
Published By: @Zblaba
Risk/Reward= 1:1.3 | 1:2.2 | 1:3.1
Expected Profit= +20.66% | +35.00% | +49.34%
Possible Loss= -15.94%
Fib. Retracement= 0.618 | 0.883 | 1.117
Margin Leverage= 2x
Estimated Gain-time= 1 month
Tags: #BTCUSDT #XBT #WBTC #BTCB #Blockchain #PoW #Mining #Satoshi
Website: bitcoin.org
Contracts:
#Mainnet
[...]
⚡️⚡️ #BTC/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (2.0X)
Amount: 12.5%
Current Price:
21478.0
Entry Zone:
21924.0 - 22956.0
Take-Profit Targets:
1) 20123.0
2) 18513.0
3) 16903.0
Stop Targets:
1) 24229.0
Published By: @Zblaba
Risk/Reward= 1:1.3 | 1:2.2 | 1:3.1
Expected Profit= +20.66% | +35.00% | +49.34%
Possible Loss= -15.94%
Fib. Retracement= 0.618 | 0.883 | 1.117
Margin Leverage= 2x
Estimated Gain-time= 1 month
Tags: #BTCUSDT #XBT #WBTC #BTCB #Blockchain #PoW #Mining #Satoshi
Website: bitcoin.org
Contracts:
#Mainnet
[...]
Trading ditutup: target tercapai
TP1'd have been reached with up to +21.56% (2x)Bitcoin did confirm the bearish breakdown, unfortunately 1st entry was missed by 44$...
Quite frustrating since we had 2 wicks up before the dump, but nice to see we were rightly biased!
A falling wedge is forming but no sign of true reversal yet, more downtrend seems likely short-term.
Trading ditutup: target tercapai
TP2'd have been reached with up to +31.32% (2x)Bitcoin continued with the downtrend, retesting the tip of the wedge as forecast.
If you entered short last week, don't forget to partially TP and move SL to entry for the remaining position!
Trade aktif
1st entry filledBitcoin is retesting supply zone and 200MA resistance, RSI looks overbought, expecting a rejection here.
Trade aktif
2nd entry filled and downBitcoin almost hit 3rd entry then got rejected as expected, up to +12.30% (2x) profit so far.
Trading ditutup: target tercapai
TP1 finally reached with +20.66% (2x) and +1.3RBitcoin continued with the retracement down, losing 50MA support (gray).
Next target is in play, SL adjusted above highest entry (22957$) to protect the trade!
Trading ditutup: target tercapai
TP2 reached with +35.00% (2x) and +2.2RBitcoin was not able to regain 50MA as expected and went for 2nd target again!
Final one is still in play, SL adjusted to lowest entry (21924$) and let it be.
Trading ditutup: target tercapai
🎯TP3 reached with +49.34% (2x) and +3.1RBitcoin finally went for final target without kicking us out, patience paid-off.
RSI is way oversold now and a bounce seems likely, that trade is fully closed!
#BTC #BTCUSDT #XBT #WBTC #BTCB #Blockchain #PoW #Satoshi
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