Short

$BTC.D 3D (Cryptocap) Falling broadening wedge facing resistance

Updated

Bitcoin Dominance

Current Value= 64.00%
Sell Entry= 64.46%
Take Profit= 58.91%
Stop Loss= 66.31%

Risk/Reward= 1:3
Expected Profit= +8.61%
Possible Loss= -2.87%

Fib. Retracement= 1.414
Margin Leverage= 1x
Estimated Gain-time= 2880h

Trade active

Went down to 61% (-6.52%)

Bitcoin Dominance going well so far, breaking 59-58% level would lead to more alt pumping and road to 50%!

Note

Bounced back to 63%

Bitcoin Dominance is growing but still facing resistance and forming a rising wedge.
So, no time to sell ALT (at least not yet) and not panicking either!

Note

Bearish pennant broke-down

Bitcoin Dominance really seems to be heading lower now after that break and retest, hold on to your altcoins!

Note

About to retest broken triangle

Seems like Bitcoin Dominance could go up a last time before reaching our target.
Be safe with altcoins, could be wise to reduce exposure a bit!

Note

And up it went

Time of truth for Bitcoin Dominance, let's hope for a rejection now.

Note

Isn't that beautiful?

Bitcoin Dominance got rejected exactly were we expected to, great for alts, time to earn some sats!

Trade closed: target reached

TP with -8.61%

Bitcoin Dominance followed my prediction nicely, that's why many altcoins went up!

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