$BTC/USDT 4h (Binance Futures) Falling broadening wedge breakout

25 giu 2021

Bitcoin has broken out bullish locally then got rejected on 100EMA.
Now it is pulling back and about to retest the wedge, let's catch next dip!

Current Price= 32734.74
Buy Entry = 31964.00 - 31176.00
Take Profit= 34498.00 | 35988.00 | 38235.00
Stop Loss= 29472.00

Risk/Reward= 1:1.4 | 1:2.11 | 1:3.18
Expected Profit= +27.81% | +41.97% | +63.33%
Possible Loss= -19.95%

Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 3x
Estimated Gain-time= 2 weeks

25 giu 2021

Trade attivo

First entry filled

Bitcoin kept dipping as expected and reacted well on demand zone so far.

28 giu 2021

Trade chiuso: obiettivo raggiunto

TP1 reached with +27.81% (3x) and +1.4R

Bitcoin bounced back up as planned and regained 100EMA, that's a relief 🙌🏼

28 giu 2021

Nota

Possible next move

Bitcoin could retest 100EMA before continuing bullish, we are not switching to bear here.

29 giu 2021

Trade chiuso: obiettivo raggiunto

TP2 reached with +41.97% (3x) and +2.11R

No pulling back, Bitcoin kept pushing up and brought us a very nice profit from local bottom! 💪🏼