$BTCDOM/USDT 4h (Binance Futures) Descending trendline breakout
Bitcoin Dominance looks bullish here, expecting a dip retesting the 50MA first.
Current Price= 1030.8
Buy Entry = 1019.6 - 1004.8
Take Profit= 1059.5 | 1081.2 | 1113.1
Stop Loss= 971.3
Risk/Reward= 1:1.16 | 1:1.69 | 1:2.47
Expected Profit= +18.68 | +27.28% | +39.88%
Possible Loss= -16.16%
Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 4x
Estimated Gain-time= 10 days
Current Price= 1030.8
Buy Entry = 1019.6 - 1004.8
Take Profit= 1059.5 | 1081.2 | 1113.1
Stop Loss= 971.3
Risk/Reward= 1:1.16 | 1:1.69 | 1:2.47
Expected Profit= +18.68 | +27.28% | +39.88%
Possible Loss= -16.16%
Fib. Retracement= 0.5 | 0.618 | 0.786
Margin Leverage= 4x
Estimated Gain-time= 10 days
Trade closed: target reached
TP1 reached with +18.68% (4x) and +1.16RBitcoin Dominance moving as planned again, such a powerful tool to be able to trade that index.
Trade closed: target reached
TP3 reached with +39.88% (4x) and +2.47RBitcoinDominance respected the plan perfectly then got rejected on the exact same supply zone where we first shorted it! 🙈
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.