$BTC/USDT 3D (#BinanceFutures) Falling wedge breakout and retest

Bitcoin is pulling back to 200MA where it is likely to bounce towards midline channel.

Current Price=38693.9
Buy Entry= 38462.5 - 35783.2
Take Profit= 43658.2 | 49459.7 | 55392.6
Stop Loss= 31451.7

Risk/Reward= 1:15 | 1:2.18 | 1:3.22
Expected Profit= +17.60% | +33.23% | +49.21%
Possible Loss= -15.28%

Fib. Retracement= 0.382 | 0.559 | 0.702
Margin Leverage= 1x
Estimated Gain-time= 5 months

Tags: #BTC #BTCUSDT #XBT #Blockchain #PoW #Satoshi

Website: bitcoin.org

You can also find $WBTC or $BTCB on many other networks (#Ethereum, #BSC...)

Contracts:
#Mainnet
#ERC20 0x2260fac5e5542a773aa44fbcfedf7c193bc2c599
#BEP20 0x7130d2a12b9bcbfae4f2634d864a1ee1ce3ead9c
#BEP2 BTCB-1DE

İşlem aktif:

First entry filled

Bitcoin almost hit second entry before bouncing back, 50MA won't be easy to regain but after that road to 200MA!

İşlem aktif:

Second entry filled

Bitcoin dipped again then bounced back on 36310$, bullish scenario is intact!

İşlem aktif:

Last entry filled

Bitcoin retraced down further, not looking too good anymore but as long as we stay inside the channel we should be safe!

İşlem kapandı: hedefe ulaştı:

TP1 reached with +17.60% (1x) and +1.15R

Bitcoin finally bounced back on 200MA (purple) support and went up to 100EMA (orange) retest!
Won't be easy to regain it, a pull-back to ~41k after hitting ~45k would make sense.
Then continuing bullish towards 50MA (grey), in any case let's adjust SL to last entry (35783.2)

Yorum:

Back to demand zone

#Bitcoin got rejected on 100EMA as mentioned but went lower than expected.
Still holding above 200MA support though, we'll stick to the plan here!