$BTCDOM/USDT 3h (Binance Futures) Falling wedge break and retest

8 Kas 2021

Bitcoin Dominance index seems to be reversing while Bitcoin is trying to make new All Time High.

Current Price= 1072.4
Buy Entry = 1066.0 - 1049.2
Take Profit= 1111.9 | 1170.6 | 1240.1
Stop Loss= 1012.2

Risk/Reward= 1:1.2 | 1:2.49 | 1:4.02
Expected Profit= +20.52% | +42.72% | +69.04%
Possible Loss= -17.16%

Fib. Retracement= 0.382 | 0.618 | 0.883
Margin Leverage= 4x
Estimated Gain-time= 3 weeks

9 Kas 2021

İşlem aktif

First entry filled

Bitcoin Dominance dipped to demand zone and bounced on 50MA support confirming the breakout.

11 Kas 2021

İşlem kapandı: hedefe ulaştı

TP1 reached with +20.52% (4x) and +1.2R

Bitcoin Dominance wicked up during flash correction, that was all the purpose of that Altcoins hedge!
Now it pulled back but we still expect further growth in the days to come, SL edited to 1049.2$ in any case.