$BTC/USDT 2h (Binance Futures) Descending channel under midline
Long time not scalping Bitcoin, let's try after that 50MA rejection.
Current Price= 32705.53
Sell Entry= 32691.78 - 32894.27
Take Profit= 32165.90 | 31558.10 | 31131.60
Stop Loss= 33282.90
Risk/Reward= 1:1.25 | 1:2.47 | 1:3.32
Expected Profit= +15.12% | +29.92% | +40.32%
Possible Loss= -12.16%
Fib. Retracement= 0.618 |1 | 1.272
Margin Leverage= 8x
Estimated Gain-time= 10 days
Current Price= 32705.53
Sell Entry= 32691.78 - 32894.27
Take Profit= 32165.90 | 31558.10 | 31131.60
Stop Loss= 33282.90
Risk/Reward= 1:1.25 | 1:2.47 | 1:3.32
Expected Profit= +15.12% | +29.92% | +40.32%
Possible Loss= -12.16%
Fib. Retracement= 0.618 |1 | 1.272
Margin Leverage= 8x
Estimated Gain-time= 10 days
Trade stängt: målet nått:
TP1 reached with +15.12% (8x) and +1.25R
Bitcoin went for 50MA retest a last time then got rejected locally again and "dumped".
Bitcoin went for 50MA retest a last time then got rejected locally again and "dumped".
Trade stängt: målet nått:
TP2 reached with +29.92% (8x) and +2.47R
Bitcoin legged down filling our second target, glad to be scalping on the correct side.
SL moved to first entry (32691.78$) and TP3 updated a bit further targeting around Fib 1.414 (30912.30$) instead of Fib 1.272!
Bitcoin legged down filling our second target, glad to be scalping on the correct side.
SL moved to first entry (32691.78$) and TP3 updated a bit further targeting around Fib 1.414 (30912.30$) instead of Fib 1.272!
Trade stängt: målet nått:
Original TP3 would have been reached +40.32% (8x) and +3.32R
Bitcoin bounced on channel support twice already showing some bulls are fighting.
Seems like we should have stuck to the final target but the updated one was almost hit.
Could start reversing soon but several resistances to cross now before resuming bullish again!
Bitcoin bounced on channel support twice already showing some bulls are fighting.
Seems like we should have stuck to the final target but the updated one was almost hit.
Could start reversing soon but several resistances to cross now before resuming bullish again!
Trade stängt: målet nått:
TP3 reached with +29.92% (8x) and +2.47R
Bitcoin went for last target after all and is sitting on critical support at the moment.
Bitcoin went for last target after all and is sitting on critical support at the moment.
