$BTC/USDT 8h (Binance Futures) Trendlines breakout and retest

5 Mar 2021

Bitcoin swing set-up

Current Price= 46847.68
Buy Entry= 46924.47 - 45928.73
Take Profit= 49993.59 | 54590.56 | 63119.69
Stop Loss= 42845.99

Risk/Reward= 1:1 | 1:2.29 | 1:4.67
Expected Profit= +14.40% | +35.20% | +71.96%
Possible Loss= -14.40%

Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 2x
Estimated Gain-time= 3 weeks

8 Mar 2021

İşlem aktif

2/3 entries filled

Bitcoin dipped and bounced as planned so far, this is what I expect it to do this month 🤞🏼

8 Mar 2021

İşlem kapandı: hedefe ulaştı

TP1 reached with +14.40% (2x) and +1R

Bitcoin bounced on descending support as expected, nice feeling to have caught the dip when many were FUDing...
(FUD= Fear, Uncertainty and Doubt, don't let you drive by that!)
I think bullish continuation is very likely, I am holding position and would be adding if market dips a last time

9 Mar 2021

İşlem kapandı: hedefe ulaştı

TP2 reached with +35.20% (2x) and +2.29R

Bitcoin went straight up without dipping this time, great profit!

14 Nis 2021

İşlem kapandı: hedefe ulaştı

TP3 reached with +71.96% (2x) and +4.76R

Bitcoin finally went for last target after some ranging, the trade is closed but that does not mean it should dump.
In fact, I would be looking for a new long if market dips again!