$BTCDOM/USDT 4h (Binance Futures) Ascending channel breakdown
Bitcoin Dominance is retesting the resistance and is likely to be rejected here giving Altcoins some relief!
Current Price= 1194.0
Sell Entry = 1193.4 - 1210.0
Take Profit= 1147.3 | 1088.2 | 1047.1
Stop Loss= 1251.3
Risk/Reward= 1:1.1 | 1:2.29 | 1:3.12
Expected Profit= +18.12% | +37.76% | +51.48%
Possible Loss= -16.52%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 4x
Estimated Gain-time= 2 weeks
Current Price= 1194.0
Sell Entry = 1193.4 - 1210.0
Take Profit= 1147.3 | 1088.2 | 1047.1
Stop Loss= 1251.3
Risk/Reward= 1:1.1 | 1:2.29 | 1:3.12
Expected Profit= +18.12% | +37.76% | +51.48%
Possible Loss= -16.52%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 4x
Estimated Gain-time= 2 weeks
Trade active:
Both entries filled
BitcoinDominance got rejected at first then pulled-back to supply zone again, let's see how that ends.
BitcoinDominance got rejected at first then pulled-back to supply zone again, let's see how that ends.
Probably not the wiser thing to do, but BitcoinDominance index is at ATH so a rejection could take place if Altcoins dare to wake-up!