$BTCDOM/USDT 1h(#BinanceFutures)Ascending triangle on resistance
Updated
Bitcoin Dominance Index is facing supply zone and would likely reverse here forming a double top on Low TF.
Current Price= 1227.0
Sell Entry= 1226.5 - 1240.5
Take Profit= 1200.3| 1172.3 | 1137.0
Stop Loss= 1261.1
Risk/Reward= 1:1.2 | 1:2.22 | 1:3.5
Expected Profit= +21.52% | +39.68% | +62.56%
Possible Loss= -17.92%
Fib. Retracement= 0.382 | 0.702 | 1.117
Margin Leverage= 8x
Estimated Gain-time= 5 days
binance.com/en/futures/funding-history/3?contract=BTCDOMUSDT
Current Price= 1227.0
Sell Entry= 1226.5 - 1240.5
Take Profit= 1200.3| 1172.3 | 1137.0
Stop Loss= 1261.1
Risk/Reward= 1:1.2 | 1:2.22 | 1:3.5
Expected Profit= +21.52% | +39.68% | +62.56%
Possible Loss= -17.92%
Fib. Retracement= 0.382 | 0.702 | 1.117
Margin Leverage= 8x
Estimated Gain-time= 5 days
binance.com/en/futures/funding-history/3?contract=BTCDOMUSDT
Trade active
All entries filledBitcoin DominanceIndex got rejected as planned so far, #Altcoin relief is here.
Comment
SL updated up to 1266.7Bitcoin DominanceIndex bounced back, maybe it was not done yet, let's give it some more air.
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