$BTC/USDT 3 (Binance Futures) Symmetrical triangle breakdown

23 mar 2021

Bitcoin is looking weak on Low Time-Frame after that bearish break and pull-back, retesting 100EMA right now.
Many altcoins are pumping while ranging but let's hedge with that set-up in case market goes south!

Current Price= 55746.98
Sell Entry= 55768.97 - 56369.97
Take Profit= 53900.81 | 51643.73 | 49482.45
Stop Loss= 58238.13

Risk/Reward= 1:1 | 1:2.04 | 1:3.04
Expected Profit= +19.35% | +39.45% | +58.75%
Possible Loss= -19.35%

Fib. Retracement= 0.382 | 0.5 | 0.618
Margin Leverage= 5x
Estimated Gain-time= 10 days

23 mar 2021

Trade attivo

First entry filled

Bitcoin got rejected as planned so far, let's see if it can reach first target at least!

24 mar 2021

Trade chiuso: obiettivo raggiunto

TP1 reached with +18.55% (5x) and +1R

Bitcoin respecting perfectly the short-term projection, that's nice!

24 mar 2021

Trade chiuso manualmente

Remaining position closed at 2nd entry

Bitcoin pulled back to lower-line triangle, broke up 100EMA and is retesting 50MA.
Seems like it's regaining bullish momentum but it's a tricky situation, we are out of that trade for now!