$BTC/USDT 4h (Binance Futures) Bull-flag breakout and retest
Bitcoin just confirmed the bullish continuation breaking out of that descending channel, waiting for a pull-back towards 50MA to enter.
It's the first blockchain ever invented (13 years ago) working on #PoW consensus algorithm, more info on bitcoin.org
Current Price= 63925.04
Buy Entry = 63054.72 - 61979.96
Take Profit= 65968.76 | 69997.66 | 73925.19
Stop Loss= 60211.94
Risk/Reward= 1:1.5 | 1:3.24 | 1:4.95
Expected Profit= +27.60% | +59.85% | +91.25%
Possible Loss= -18.45%
Fib. Retracement= 0.883 | 1.272 | 1.414
Margin Leverage= 5x
Estimated Gain-time= 2 weeks
It's the first blockchain ever invented (13 years ago) working on #PoW consensus algorithm, more info on bitcoin.org
Current Price= 63925.04
Buy Entry = 63054.72 - 61979.96
Take Profit= 65968.76 | 69997.66 | 73925.19
Stop Loss= 60211.94
Risk/Reward= 1:1.5 | 1:3.24 | 1:4.95
Expected Profit= +27.60% | +59.85% | +91.25%
Possible Loss= -18.45%
Fib. Retracement= 0.883 | 1.272 | 1.414
Margin Leverage= 5x
Estimated Gain-time= 2 weeks
Trade active
First entry filledBitcoin pulled back as planned so far, let's patiently wait for the next big move now!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.