$BTCDOM/USDT 2D (#BinanceFutures) Rising wedge on resistance

27. Mai 2022

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

30. Mai 2022

Trade ist aktiv

1st entry filled

Bitcoin Dominance Index got rejected on supply zone as planned so far, time for Altcoin recovery?!

7. Juni 2022

Trade ist aktiv

2nd & 3rd entries filled

BitcoinDominanceIndex wicked up a last time following the forecast, time to swing back Altcoin is near!

13. Juni 2022

Trade geschlossen: Stop wurde erreicht

SL hit with -14.40% (2x) and -1R

Bitcoin 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!