$BTCDOM/USDT 2h (#BinanceFutures)Ascending triangle break retest

Feb 24, 2022

Bitcoin Dominance Index broke-out bullish on Low Time-Frame (LTF), let's catch next pull-back to 50MA support for continuation scenario.

Current Price= 1273.5
Buy Entry= 1260.1 - 1248.7
Take Profit= 1285.0 | 1311.5 | 1330.9
Stop Loss= 1228.8

Risk/Reward= 1:1.2 | 1:2.23 | 1:2.99
Expected Profit= +19.52% | +36.40% | +48.80%
Possible Loss= -16.32%

Fib. Retracement= 0.618 | 1.117 | 1.414
Margin Leverage= 8x
Estimated Gain-time= 10 days

binance.com/en/support/faq/e3b1ab97a3e24df4b0e41a469ccf7a21
binance.com/en/futures/funding-history/3?contract=BTCDOMUSDT

tradingview.com/markets/cryptocurrencies/global-charts/

Feb 24, 2022

Trade active

First & second entries filled

Bitcoin Dominance Index just retested demand zone, nice dip catch so far.

Feb 28, 2022

Trade closed: target reached

TP1 reached with +19.52% (8x) and +1.2R

Bitcoin Dominance Index precisely went for last entry before bouncing back straight to first target!
Such an accuracy, bullish continuation is in play, SL adjusted up to 1248.7 in any case.

If you don't get that chart, it means Bitcoin is likely to outperform Altcoin short-term.

Feb 28, 2022

Trade closed manually

Remaining position was closed with -3.60% (8x) and -0.22R

Bitcoin Dominance Index went down revisiting 200MA support then bounced back and is heading higher.
Targets remain valid, If you are still in then keep holding, Bitcoin definitely looks stronger than Altcoin right now.

Mar 9, 2022

Note

🔼BTCDOM/USDT 2h (#BinanceFutures) TP2 would have been reached with +36.40% (8x)

Bitcoin Dominance Index kept pushing higher and printed a new Higher High (HH), uptrend remains intact!
Don't forget to partially Take Profit (TP) if you are still longing and move Stop Loss (SL) to Break-Even (BE).

Mar 9, 2022

Note

TP3 would have been reached with +48.80% (8x)

Bitcoin Dominance Index went for final target, time to fully close if you were still in!