BTC/USD - Short to 0.618 Fib - 82.05% Profit Potential

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BTC just bounced off support at 9K and is trying to close above resistance at 9.3K. If BTC bounces up to 9.5K, then I am looking for a swing short entry down to the 0.618 from the last bull move up.

Statically speaking, we are on the precipice of a large move! Let's get this crypto!

After this pullback (it may be 30-50%+), I will be looking for a nice leveraged long position to the moon and beyond. Let's go BTC halving 3.0!!!

If we do not break down, then I am looking for a long above 10K. Check my bullish charts for long setups if you are feeling bullish!

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Entry: 9439.5
Entry Zone: 9585-9350

T1: 9300
T2: 9055
T3: 8710
T4: 8250.5
T5: 8050
T6: 7550
T7: 6858.0

Stop: 10106.5

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R:R: 3.87
Risk: 7.07%
Reward: 27.35%
Leverage: 21.21%
Leveraged Risk: 3X
Leveraged Reward: 82.05%


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This is not financial advice; I am not a financial adviser. This information is not meant to be used for financial advice, nor trade ideas. These posts are simply a record of my trade ideas and are intended for educational purposes only.

تعليق:

US markets are looking very bullish. I do not have the confidence in this setup that I originally did. I would not take this setup any longer.

تعليق:

Haha, the above comment was for a long setup, not this short! Still a high probability that we'll see some nice downside should we close above the yellow support box!

تعليق:

Traditional markets are not looking as bullish as I was seeing previously. This trade setup is still active for me!