$BTCDOM/USDT 1h(#BinanceFutures)Ascending triangle on resistance
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.
Note
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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.