$BTCDOM/USDT 12h (#BinanceFutures) Rising wedge breakdown

Bitcoin Dominance Index just lost 50MA support and seems to be heading lower, that would be a nice relief for Altcoin.

Current Price= 1205.1
Sell Entry= 1209.2 - 1228.8
Take Profit= 1162.2 | 1131.3 | 1101.2
Stop Loss= 1262.7

Risk/Reward= 1:1.3 | 1:2 | 1:2.7
Expected Profit= +18.64% | +28.76% | +38.64%
Possible Loss= -14.32%

Fib. Retracement= 0.382 | 0.5 | 0.618
Margin Leverage= 4x
Estimated Gain-time= 5 weeks

Tags: #BTCDOM #BTCDOMUSDT #BTCD #BitcoinDominance #Index #Futures #Derivatives #Dominance

binance.com/en/support/faq/e3b1ab97a3e24df4b0e41a469ccf7a21
binance.com/en/futures/funding-history/3?contract=BTCDOMUSDT

tradingview.com/markets/cryptocurrencies/global-charts/

Trade active

All entries filled

Bitcoin Dominance Index is retesting 50MA on Low Time-Frame, let's see if it gets rejected again.

Trade closed: stop reached

SL hit with -14.32% (4x) and -1R

Bitcoin Dominance Index pushed higher before getting rejected, unfortunately we've got stop hunted by 0.1$
Seems like the PC bot has not closed yet, If you are still holding, targets remain valid!

TradingOn

Also on:

Related publications

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.