$BTCDOM/USDT 2D (#BinanceFutures) Big falling wedge breakout

14 sept 2022

Bitcoin Dominance Index seems about to reverse, ahead of the Ethereum Merge it's an opportunity to hedge against big Altcoins.

⚡️⚡️ #BTCDOM/USDT ⚡️⚡️
Exchanges: Binance Futures
Signal Type: Regular (Long)
Leverage: Isolated (2X)
Amount: 11.8%

Current Price:
1197.3

Entry Zone:
1192.8 - 1144.0

Take-Profit Targets:
1) 1168.4
2) 1380.2
3) 1469.0

Stop Targets:
1) 1069.7

Published By: @Zblaba

Risk/Reward= 1:1.25 | 1:2.15 | 1:3.05
Expected Profit= +21.08% | +36.26% | +51.46%
Possible Loss= -16.90%

Fib. Retracement= 0.382 | 0.559 | 0.702
Margin Leverage= 2x
Estimated Gain-time= 3-4 months

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

Component Info:
binance.com/en/futures/funding-history/3?contract=BTCDOMUSDT

15 sept 2022

Operación activa

1st entry filled

Bitcoin Dominance Index almost hit 2nd entry then bounced back after the Merge, great start with up to +11.80% (2x)

19 sept 2022

Operación cerrada: objetivo alcanzado

TP1 reached with +21.08% (2x) and +1.25R🎯

Bitcoin Dominance Index went straight up where it got rejected on 100EMA (orange) resistance so far.
Higher targets are still in play, let's update SL below lowest entry (1143.9$) anyway!

7 mar 2023

Operación cerrada: objetivo alcanzado

🎯 TP3 reached with +51.5% (2x) and +3.05R

Bitcoin Dominance finally made it to last target, set-up fully played out!
We can see a rising wedge now, as soon as it breaks down we'll see a relief rally on big Altcoin