$BTCDOM/USDT 2D (#BinanceFutures) Rising wedge on resistance
Updated
Bitcoin Dominance Index looks locally topped and about to reverse mid-term, let's give it another try!
Current Price= 1517.1
Sell Entry= 1517.1 - 1572.5
Take Profit= 1411.7 | 1311.6 | 1211.1
Stop Loss= 1656.1
Risk/Reward= 1:1.2 | 1:2.1 | 1:3
Expected Profit= +17.24% | +30.20% | +43.20%
Possible Loss= -14.40%
Fib. Retracement= 0.236 | 0.382 | 0.559
Margin Leverage= 2x
Estimated Gain-time= 5-6 months
Tags: #BTCDOM #BTCDOMUSDT #BTCD #BitcoinDominance #Index #Futures #Derivatives #Dominance
Contract:
binance.com/en/futures/funding-history/3?contract=BTCDOMUSDT
Current Price= 1517.1
Sell Entry= 1517.1 - 1572.5
Take Profit= 1411.7 | 1311.6 | 1211.1
Stop Loss= 1656.1
Risk/Reward= 1:1.2 | 1:2.1 | 1:3
Expected Profit= +17.24% | +30.20% | +43.20%
Possible Loss= -14.40%
Fib. Retracement= 0.236 | 0.382 | 0.559
Margin Leverage= 2x
Estimated Gain-time= 5-6 months
Tags: #BTCDOM #BTCDOMUSDT #BTCD #BitcoinDominance #Index #Futures #Derivatives #Dominance
Contract:
binance.com/en/futures/funding-history/3?contract=BTCDOMUSDT
Trade active
1st entry filledBitcoin Dominance Index got rejected on supply zone as planned so far, time for Altcoin recovery?!
Trade active
2nd & 3rd entries filledBitcoinDominanceIndex wicked up a last time following the forecast, time to swing back Altcoin is near!
Trade closed: stop reached
SL hit with -14.40% (2x) and -1RBitcoin Dominance Index broke-out bullish after all, leading to more blood for Altcoin
How much longer that up-trend could last? Well it's hard to say, we'll keep looking for reversal signs!
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