$BTC/USDT 1W (#Bybit) Big descending wedge on support

Bitcoin could reverse in the near future according to the RSI, as unlikely as it sounds, after properly retest the demand zone.

⚡️⚡️ #BTC/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Long)
Leverage: Isolated (1.0X)
Amount: 9.1%

Current Price:
18910.0

Entry Zone:
18285.0 - 16184.0

Take-Profit Targets:
1) 22891.0
2) 27845.0
3) 33107.0

Stop Targets:
1) 13451.0

Published By: @Zblaba

Risk/Reward= 1:1.5 | 1:2.8 | 1:4.2
Expected Profit= +32.82% | +61.56% | +92.10%
Possible Loss= -21.95%

Fib. Retracement= 0.236 | 0.382 | 0.5
Margin Leverage= 1x
Estimated Gain-time= 8-10 months

Tags: #BTCUSDT #XBT #WBTC #BTCB #Blockchain #PoW #Mining #Satoshi

Website: bitcoin.org

Contracts:
#Mainnet
[...]

註釋

Up +18.82% since called

Bitcoin bounced back strong, unfortunately entry was not filled, at least not yet.
We still consider the possibility to revisit the demand zone, so set-up remains valid!

交易進行

1st entry filled

Bitcoin is pulling back to weekly demand zone after almost hitting TP1 last week.
Time to ladder down inside the buy range and remain extremely patient!

交易結束：目標達成

🎯TP1 reached with +1.5R

Bitcoin took its time to regain 20EMA (red) and finally hit first swing target.
Descending wedge has broken out & RSI as well, everything seems to look bullish now.
Good place to take partial profil anyway since a retracement towards 20k would be logical!

交易結束：目標達成

🎯TP2 reached with +61.6% (1x) and +2.8R

Bitcoin revisited sub 20k then went for 2nd target as planned, regaining 100EMA.
Final target remains valid, SL updated above entry to secure the trade!

交易結束：目標達成

ByBit USDT
All take-profit targets achieved 😎
Profit: 62.1612% 📈
Period: 13 Months 21 Days 5 Hours 11 Minutes ⏰

⚡️⚡️ #BTC/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Long)
Leverage: Isolated (1.0X)
Amount: 9.1%

Entry Zone:
18285.0 - 16184.0 ✅

Take-Profit Targets:
1) 22891.0 ✅
2) 27845.0 ✅
3) 33107.0 ✅

Published By: @Zblaba

🎯#BTCUSDT 1W (#Bybit) TP3 reached with +4.2R

finally went for final target after missing it in July, who would have thought a year ago when we were at $16k?

No time to get over excited though, RSI is pretty high and we'll probably see a retracement down soon, trade is fully closed!