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$BTC/USD 8h (#Bybit) Descending trendline on resistance

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BYBIT:BTCUSD   None
⚡️⚡️ #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 $BTCB

Website: bitcoin.org
交易進行:
All entries filled

Bitcoin is getting rejected on resistance and RSI as well, we'll stick to the plan here!

評論:
Back to supply zone

Bitcoin is facing similar situation, trying to push higher but not strong enough yet!

交易結束:目標達成:
TP3 was reached with +56.22% (3x) and +2.93R

Bitcoin 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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