$BTCDOM/USDT 2D (#BinanceFutures) Ascending trendline retest

BTCDOM / TetherUS PERPETUAL FUTURES BINANCE:BTCDOMUSDTPERP

TradingOn

Bitcoin 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

https://www.binance.com/en/futures/funding-history/3?contract=BTCDOMUSDT

You might be interested in …

Trading View May 2, 2022

Things are coming to a head! BTC

Things are coming to a head! BTC BTC/USD COINBASE:BTCUSD holleywood We have several patterns converging to this one area. Bullish RSI Divergence on the 4H. PA at horizontal support bouncing inside a large 25% ascending […]

Trading View March 24, 2022

spell usdt new era coming soon…

spell usdt new era coming soon… Spell Token/Tether OKEX:SPELLUSDT yolcu23 Speel is about to complete a long downward trend.spell ready to take off. not financial advice.

Trading View June 4, 2022

⚡️ Bitcoin is still in range and still needs to fill the gap.

⚡️ Bitcoin is still in range and still needs to fill the gap. Bitcoin / TetherUS BINANCE:BTCUSDT ShawnMCR Hello, dear TradingView members . This idea is a Bitcoin analysis. The green circle is a failed […]