With Bitcoin dominance continuing to rise, XRPBTC is rapidly approaching a multi-year trendline.
There is no guarantee that this trend line will hold, however, a touch on this trendline should provide a decent bounce and an excellent scalp opportunity for those of us not short.
Entry: I was lucky enough to grap a 2865 entry on Mex, however my larger orders are down at 2700 sats.
Target 1: 3766 sats
Target 2: 4000 sats
Stop/Loss would be a daily close below this trendline.
I will be posting an article on BTC Dominance which will further support this trade so please give this a like or a follow to stay updated!
The link will be shared below.
I wish you all the best of luck!
There is no guarantee that this trend line will hold, however, a touch on this trendline should provide a decent bounce and an excellent scalp opportunity for those of us not short.
Entry: I was lucky enough to grap a 2865 entry on Mex, however my larger orders are down at 2700 sats.
Target 1: 3766 sats
Target 2: 4000 sats
Stop/Loss would be a daily close below this trendline.
I will be posting an article on BTC Dominance which will further support this trade so please give this a like or a follow to stay updated!
The link will be shared below.
I wish you all the best of luck!
Note
BTC Dominance may be due for a correction:
Trade active
Creator of DepthHouse Indicators on TradingView!
↣ depthhouse.com/
↣ depthhouse.com/
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.
Creator of DepthHouse Indicators on TradingView!
↣ depthhouse.com/
↣ depthhouse.com/
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.