Bitcoin has recovered nicely and looks good for bullish continuation mid-term.
But after such growth a retracement down first would make sense, let's give it a try!
Current Price= 40142.65
Sell Entry = 40409.90 - 41414.10
Take Profit= 38248.10 | 36464.70 | 35015.70
Stop Loss= 43141.20
Risk/Reward= 1:1.2 | 1:2 | 1:2.65
Expected Profit= +19.35% | +32.61% | +43.23%
Possible Loss= -16.35%
Fib. Retracement= 0.238 | 0.382 | 0.5
Margin Leverage= 3x
Estimated Gain-time= 10 days
But after such growth a retracement down first would make sense, let's give it a try!
Current Price= 40142.65
Sell Entry = 40409.90 - 41414.10
Take Profit= 38248.10 | 36464.70 | 35015.70
Stop Loss= 43141.20
Risk/Reward= 1:1.2 | 1:2 | 1:2.65
Expected Profit= +19.35% | +32.61% | +43.23%
Possible Loss= -16.35%
Fib. Retracement= 0.238 | 0.382 | 0.5
Margin Leverage= 3x
Estimated Gain-time= 10 days
Zlecenie aktywne:
First entry filled
Bitcoin bounced back almost instantly, that was fast and now we are in.
You may wonder why calling short and long at the same time?
Well, this is called hedging, it's used to minimize risk and reduce exposure!
Bitcoin bounced back almost instantly, that was fast and now we are in.
You may wonder why calling short and long at the same time?
Well, this is called hedging, it's used to minimize risk and reduce exposure!
Komentarz:
TP1 almost hit with up to +17.31% (3x)
Bitcoin missed first target by 71.90$ (0.19%), that was very close...
Right now it is bouncing back a bit but set-up is still valid, probably next attempt!
Bitcoin missed first target by 71.90$ (0.19%), that was very close...
Right now it is bouncing back a bit but set-up is still valid, probably next attempt!
Transakcja zamknięta: osiągnięto wyznaczony cel:
TP1 reached with +19.35% (3x) and +1.2R
Bitcoin went for all entries then retraced as expected, breaking down 50MA local support.
Road to 200MA is likely, SL updated to 1st entry (41414.10$) in any case!
EDIT: We moved down last target a bit (34234.80$) but you can stick to original one (35015.70$)
Bitcoin went for all entries then retraced as expected, breaking down 50MA local support.
Road to 200MA is likely, SL updated to 1st entry (41414.10$) in any case!
EDIT: We moved down last target a bit (34234.80$) but you can stick to original one (35015.70$)
Zlecenie zamknięto ręcznie:
Remaining position closed with -3.69% (3x) and -0.23R
Bitcoin bounced back and regained 50MA, we did well adjusting SL, if you are still in you may close as well.
Bitcoin bounced back and regained 50MA, we did well adjusting SL, if you are still in you may close as well.
Nice timing for Bitcoin but luck was not on our side today, maybe we'll be filled later this week.