$BTC/USD 8h (#Bybit) Descending trendline on resistance
⚡️⚡️ #BTC/USD ⚡️⚡️
Exchanges: ByBit, BitMEX, Binance Coin-Futures
Signal Type: Regular (Short)
Leverage: Isolated (3.0X)
Current Price:
43399.5
Entry Zone:
43260.0 - 44712.0
Take-Profit Targets:
1) 40620.0
2) 37791.0
3) 35742.0
Stop Targets:
1) 46802.0
Bitcoin is facing strong supply zone here and is likely to locally reverse on 200MA, let's #Hedge!
Risk/Reward= 1:1.2 | 1:2.2 | 1:2.93
Expected Profit= +22.95% | +42.24% | +56.22%
Possible Loss= -19.20%
Fib. Retracement= 0.236 | 0.5 | 0.702
Margin Leverage= 3x
Estimated Gain-time= 1 month
Tags: #BTC #BTCUSDT #XBT #Blockchain #PoW #Satoshi #BSC
WBTC BBTCB
Website: bitcoin.org
Exchanges: ByBit, BitMEX, Binance Coin-Futures
Signal Type: Regular (Short)
Leverage: Isolated (3.0X)
Current Price:
43399.5
Entry Zone:
43260.0 - 44712.0
Take-Profit Targets:
1) 40620.0
2) 37791.0
3) 35742.0
Stop Targets:
1) 46802.0
Bitcoin is facing strong supply zone here and is likely to locally reverse on 200MA, let's #Hedge!
Risk/Reward= 1:1.2 | 1:2.2 | 1:2.93
Expected Profit= +22.95% | +42.24% | +56.22%
Possible Loss= -19.20%
Fib. Retracement= 0.236 | 0.5 | 0.702
Margin Leverage= 3x
Estimated Gain-time= 1 month
Tags: #BTC #BTCUSDT #XBT #Blockchain #PoW #Satoshi #BSC
WBTC BBTCBWebsite: bitcoin.org
تم فتح الصفقة
All entries filled Bitcoin is getting rejected on resistance and RSI as well, we'll stick to the plan here!
ملاحظة
Back to supply zoneBitcoin is facing similar situation, trying to push higher but not strong enough yet!
أغلقت الصفقة: تم الوصول للهدف
TP3 was reached with +56.22% (3x) and +2.93RBitcoin retraced down quite accurately and achieved all targets before bouncing very strong!
Now back to entry, you could give it another try but we would not expect more than TP1 since the picture looks more bullish now.
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