#BTCUSDT #1h (ByBit) Descending trendline breakout

8 Jul 2024

Bitcoin seems to have found bottom and is forming a local uptrend, looks good for bullish continuation after regaining 100EMA support.

⚡️⚡️ #BTC/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Long)
Leverage: Isolated (13.0X)
Amount: 4.9%

Current Price:
57720.9

Entry Targets:
1) 57411.4

Take-Profit Targets:
1) 60987.5

Stop Targets:
1) 55618.9

Published By: @Zblaba

BTC BTCUSDT #1h #Bitcoin #PoW bitcoin.org

Risk/Reward= 1:2.0
Expected Profit= +81.0%
Possible Loss= -40.6%
Estimated Gaintime= 2-3 days

8 Jul 2024

Dagangan aktif

BTCUSDT.P All entry targets achieved
Average Entry Price: 57411.4 💵

BTC is pulling back to 100EMA support where a bounce seems likely.

8 Jul 2024

Dagangan ditutup: hentian tercapai

BTCUSDT.P Stop Target Hit ⛔️
Loss: 40.5886% 📉

BTC lost local support after all, seems like it was another fake-out.

10 Jul 2024

Nota

BTCUSDT.P Would be back in profit

BTC stop hunted us then printed a morning star and regained 100EMA support, making a Higher High (HH).
Initial target remains valid, if you are still in you could protect the trade by updating SL to BE.