#BTC/USDT 12h (Bybit) Ascending wedge breakdown

Bitcoin lost 50MA support forming an evening star, time for a retracement down it seems.

⚡️⚡️ #BTC/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (11.5X)
Amount: 5.0%

Entry Targets:
1) 30499.8

Take-Profit Targets:
1) 28384.1

Stop Targets:
1) 31560.3

Published By: @TradingOn

BTC #BTCUSDT #Bitcoin

Risk/Reward= 1:2
Expected Profit= +79.8%
Possible Loss= -40%

Comment:

#BTC/USDT 12h (ByBit)

BTC just did a bearish retest of the 50MA and got rejected on it, but not enough to fill our entry so far.

Comment:

BTC corrected as planned, unfortunately target was slightly too low as well but bias was on point.
Now trapped between 50MA & 200MA, time to remain patient before volatility comes back!

Order cancelled:

ByBit USDT
#BTC/USDT Cancelled ❌
Target achieved before entering the entry zone

BTC short did not fill entry but target was accurate, great bias!