BTCDOMUST.P trade ideas
$BTCDOM/USDT 2D (#BinanceFutures) Rising wedge on resistanceBitcoin Dominance Index looks locally topped and about to reverse mid-term, let's give it another try!
Current Price= 1517.1
Sell Entry= 1517.1 - 1572.5
Take Profit= 1411.7 | 1311.6 | 1211.1
Stop Loss= 1656.1
Risk/Reward= 1:1.2 | 1:2.1 | 1:3
Expected Profit= +17.24% | +30.20% | +43.20%
Possible Loss= -14.40%
Fib. Retracement= 0.236 | 0.382 | 0.559
Margin Leverage= 2x
Estimated Gain-time= 5-6 months
Tags: #BTCDOM #BTCDOMUSDT #BTCD #BitcoinDominance #Index #Futures #Derivatives #Dominance
Contract:
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BTC DOM scenario If current support level on 2H and lower time frames won't able to hold we might see local BTC bounce to 29500 .
Keep an eye on BTC DOM chart.
Altcoins are forming bottomsMost of the altcoins are on all time lows, the huge volume is going into those coins and I think, they are forming bottoms right now.
We have very solid divergence on daily RSI on BTC Dominance -> this chart should find top and retest nice support at 1350 (at least).
IMHO very good opportunity to buy altcoins at the moment, though this could be just mid-term relief rally, but many coins should make hundreds of percent during next weeks-months.
btcdom tjrs bullish mini correction avant un ATHL analyse du btcdom ns permet dapproffondir le sens du btc et surtout des Alts Coins ..... Pour une reprise haussiere du btc et des Alts coins nous devons attendre une ATH du dom . Une grande liquidation du prix du nivo 1580 a 1600 du btcdom.... Ce high nous fera prendre les alts coins et le btc a la hausse.
En ce sens pour une entrée nous espérons une mini correction du btc dom a 1500 pour une explosion haussiere avant la tres grande correction
Entree 1500
stop 1490
tp 1580
It's time for AltcoinsBTC Dom has been rising for a month in May, now is the beginning of correction.
We can see a clearly Bearish divergence on 1D
Btc Dom UPDATE (refer to linked post)First BTCDOM target hit, and is halfway through the second TP. Refer to linked post for reference =)
Will the Bitcoin continue to gain market share❓💎"The BTCDOM Index provides insights into the market and can be used as a tool to speculate on Bitcoin’s relative strength against altcoins. Essentially, the index measures the demand for Bitcoin relative to altcoins. When altcoins gain market share relative to Bitcoin, the BTCDOM index loses value. Conversely, when Bitcoin gains market share relative to altcoins, the BTCDOM index will gain value."
💎The BTCDOM Index broke above the resistance trendline, followed by the break ..........
BTC.DomainBTC.D is increasing as previously stated
There hasn't been a strong increase anywhere yet, anyone who holds Altcoins (especially Topcoin) should prepare themselves
Who is Trade surfing Shitcoin Lowcap, please come in. This BINANCE:BTCDOMUSDTPERP segment will also have many virtual Pumbs
BTCDOM/USDTBullish breakout :
Entry price 1388.2
Take Profit 1408.8
Stop Loss 1375.7
Bearish breakout :
Entry price 1356.3
Take Profit 1324.4
Stop Loss 1370.5
BTCDOM/USDTBullish breakout :
Entry price 1384.9
Take Profit 1401.4
Stop Loss 1370.1
Bearish breakout :
Entry price 1354.5
Take Profit 1328.2
Stop Loss 1366.0
$BTCDOM/USDT 2D (#BinanceFutures) Ascending trendline retestBitcoin Dominance Index has been rejected with a Hanging man pattern and could resume the downtrend.
Current Price= 1275.5
Sell Entry= 1275.0 - 1305.0
Take Profit= 1196.9 | 1129.7 | 1063.1
Stop Loss= 1364.5
Risk/Reward= 1:1.25 | 1:2.15 | 1:3.05
Expected Profit= +21.66% | +37.29% | +52.77%
Possible Loss= -17.34%
Fib. Retracement= 0.382 | 0.559 | 0.786
Margin Leverage= 3x
Estimated Gain-time= 3-4 months
Tags: #BTCDOM #BTCDOMUSDT #BTCD #BitcoinDominance #Index #Futures #Derivatives #Dominance
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