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

10 mar 2022

Bitcoin Dominance Index just printed an Evening Star and is likely to reverse from up here.

Current Price= 1320.3
Sell Entry= 1320.0 - 1345.6
Take Profit= 1267.1 | 1215.9 | 1172.0
Stop Loss= 1381.6

Risk/Reward= 1:1.35 | 1:2.4 | 1:3.3
Expected Profit= +24.65% | +43.85% | +60.30%
Possible Loss= -18.30%

Fib. Retracement= 0.236 | 0.382 | 0.5
Margin Leverage= 5x
Estimated Gain-time= 1.5 months

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

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

17 mar 2022

Operación activa

2/3 entries filled

Bitcoin Dominance Index is breaking down, following the plan nicely with up to +17.90% (5x) so far.

23 mar 2022

Operación cerrada: objetivo alcanzado

TP1 reached with +24.65% (5x) and +1.35R

Bitcoin Dominance Index broke the wedge down and is heading towards 2nd target, the Evening Star worked as a charm!
100EMA (orange) support was just lost as well, looks good for more #Altcoin relief, SL edited to highest entry (1345.6) now.

4 abr 2022

Operación cerrada: objetivo alcanzado

TP2 reached with +43.85% (5x) and +2.4R

BitcoinDominance Index continued with the local downtrend and seems to be road to 200MA support!
Don't forget to book some profit here, SL edited to lowest entry (1320.0) to secure the trade.

4 abr 2022

Operación cerrada: objetivo alcanzado

TP3 reached with +60.30% (5x) and +3.3R🎯

BitcoinDominance Index lost 200MA support and made it to final target, that's a wrap!
RSI is back to its lowest level, that means a bounce would make sense, trade is fully closed.