$BTCDOM/USDT 2h (Binance F.) Descending trendline break & retest

Sep 7, 2021

Bitcoin Dominance is locally reversing again, let's enter on a pull-back to hedge our Altcoins positions against Bitcoin.

Current Price= 929.6
Buy Entry = 925.2 - 917.2
Take Profit= 944.7 | 960.4 | 983.9
Stop Loss= 901.6

Risk/Reward= 1:1.2 | 1:2 | 1:3.52
Expected Profit= +17.85% | +29.82% | +47.67%
Possible Loss= -14.91%

Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 7x
Estimated Gain-time= 10 days

Sep 7, 2021

Trade active

First entry filled

Bitcoin Dominance directly pumped to last target then pulled back letting us in, time to be very patient, more than ever!

Sep 15, 2021

Trade closed: target reached

TP1 reached with +17.85% (7x) and +1.2R

Bitcoin Dominance bouncing as expected while Altcoins market is bleeding more than Bitcoin, great way to hedge!
SL adjusted to lowest entry (917.2$) to secure the trade and let it run.

Sep 15, 2021

Trade closed: target reached

TP2 reached with ++29.82% (7x) and +2R

Bitcoin Dominance kept going up following the forecast, that's nice to earn on those hard market conditions.
SL edited up to first entry (925.2$), so we've got a winner today!

Sep 15, 2021

Trade closed: target reached

TP3 reached with +47.67% (7x) and +3.52R

Bitcoin Dominance went for last target in the end, unfortunately PC bot sold remaining position with +3.01% (7x) and +0.2R on the first pull-back!
Currently forming a rising wedge, if confirms the break-down we would see a bullish momentum in Altcoins.