$BTCDOM/USDT 2h (#BinanceFutures)Ascending triangle break retest

Bitcoin Dominance Index broke-out bullish on Low Time-Frame (LTF), let's catch next pull-back to 50MA support for continuation scenario.

Current Price= 1273.5
Buy Entry= 1260.1 - 1248.7
Take Profit= 1285.0 | 1311.5 | 1330.9
Stop Loss= 1228.8

Risk/Reward= 1:1.2 | 1:2.23 | 1:2.99
Expected Profit= +19.52% | +36.40% | +48.80%
Possible Loss= -16.32%

Fib. Retracement= 0.618 | 1.117 | 1.414
Margin Leverage= 8x
Estimated Gain-time= 10 days

www.binance.com/en/s...4df4b0e41a469ccf7a21
www.binance.com...nding-history/3?contract=B...

www.tradingview.com/...ncies/global-charts/

Trade active:

First & second entries filled

Bitcoin Dominance Index just retested demand zone, nice dip catch so far.

Trade closed: target reached:

TP1 reached with +19.52% (8x) and +1.2R

Bitcoin Dominance Index precisely went for last entry before bouncing back straight to first target!
Such an accuracy, bullish continuation is in play, SL adjusted up to 1248.7 in any case.

If you don't get that chart, it means Bitcoin is likely to outperform Altcoin short-term.

Trade closed manually:

Remaining position was closed with -3.60% (8x) and -0.22R

Bitcoin Dominance Index went down revisiting 200MA support then bounced back and is heading higher.
Targets remain valid, If you are still in then keep holding, Bitcoin definitely looks stronger than Altcoin right now.

Comment:

🔼$BTCDOM/USDT 2h (#BinanceFutures) TP2 would have been reached with +36.40% (8x)

Bitcoin Dominance Index kept pushing higher and printed a new Higher High (HH), uptrend remains intact!
Don't forget to partially Take Profit (TP) if you are still longing and move Stop Loss (SL) to Break-Even (BE).

Comment:

TP3 would have been reached with +48.80% (8x)

Bitcoin Dominance Index went for final target, time to fully close if you were still in!