$BTC.D 3D (Cryptocap) Falling broadening wedge facing resistance
Updated
Bitcoin Dominance
Current Value= 64.00%
Sell Entry= 64.46%
Take Profit= 58.91%
Stop Loss= 66.31%
Risk/Reward= 1:3
Expected Profit= +8.61%
Possible Loss= -2.87%
Fib. Retracement= 1.414
Margin Leverage= 1x
Estimated Gain-time= 2880h
Current Value= 64.00%
Sell Entry= 64.46%
Take Profit= 58.91%
Stop Loss= 66.31%
Risk/Reward= 1:3
Expected Profit= +8.61%
Possible Loss= -2.87%
Fib. Retracement= 1.414
Margin Leverage= 1x
Estimated Gain-time= 2880h
Trade active
Went down to 61% (-6.52%)Bitcoin Dominance going well so far, breaking 59-58% level would lead to more alt pumping and road to 50%!
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Bounced back to 63%Bitcoin Dominance is growing but still facing resistance and forming a rising wedge.
So, no time to sell ALT (at least not yet) and not panicking either!
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Bearish pennant broke-downBitcoin Dominance really seems to be heading lower now after that break and retest, hold on to your altcoins!
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About to retest broken triangleSeems like Bitcoin Dominance could go up a last time before reaching our target.
Be safe with altcoins, could be wise to reduce exposure a bit!
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And up it wentTime of truth for Bitcoin Dominance, let's hope for a rejection now.
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Isn't that beautiful?Bitcoin Dominance got rejected exactly were we expected to, great for alts, time to earn some sats!
Trade closed: target reached
TP with -8.61%Bitcoin Dominance followed my prediction nicely, that's why many altcoins went up!
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