$BTC/USDT 1h (Binance Fut.) Ascending channel breakdown & retest

Bitcoin could retrace down locally, probably after pulling back up to 50MA resistance.

Current Price= 63140.39
Sell Entry = 63939.62 - 64765.80
Take Profit= 61902.06 | 59785.51 | 57978.56
Stop Loss= 66321.10

Risk/Reward= 1:1.25 | 1:2.32 | 1:3.24
Expected Profit= +19.05% | +35.50% | +49.55%
Possible Loss= -15.30%

Fib. Retracement= 0.618 | 0.883 | 1.117
Margin Leverage= 5x
Estimated Gain-time= 1 week

Commentaire:

TP1 would have been hit with up to +18.25% (5x)

Bitcoin retracing down as planned, unfortunately entry was missed by 143.42$, a bit frustrating we must say!

Commentaire:

TP2 would have been hit with up to +35.50% (5x)

Bitcoin kept going down slowly, if you were in time to take some partial profit.

Ordre annulé:

TP3 would have been reached with up to +46.50% (5x)

Bitcoin retraced as anticipated, unluckily entry was missed twice by almost nothing.
At least bias was correct, time to cancel and move on to the next trade!