TradingOn

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

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BYBIT:BTCUSDT   BTCUSDT SPOT
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: @TradingOn

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

评论:
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!

交易开始:
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!

交易结束:到达目标:
🎯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!

交易结束:到达目标:
🎯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!

交易结束:到达目标:
ByBit USDT
BTCUSDT.P 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

BTC 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!


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