Bitcoin Dominance Update

It looks like Dominance has broken all the hearts that believed in a huge alts rally!
Bitcoin Dominance (Tradingview) bounced from near the 40% area and it is expected to continue with bullishness, that too with Inflation data release waiting up tomorrow.!

Entry : 1326
Target : 1473 (0.5 of Fibo)
Stop : 1243 (Current day candle low)

Total no. of Analysis : 18
Successful trades : 12
NPNL : 3
Stop Hit : 2
Lost : 0
In Progress : 1

Bonus target is 0.618 of fibo ( 1557 ) in a worst case scenario.

Safe trading!! Cheers!!

Kommentera:

If this goes against I will immediately accept my failure and give a warm welcome to upcoming Alts season :)

Trade stängt: Stopp nått:

Hmmmm.. Despite a lot of FUDs and fear in the market due to FTX, Binance and CPI update Altcoins decided to survive the Storm, thus pushing the Dominance below 40% again!
A failed prediction, but yet a happy ending :D

Total no. of Analysis : 18
Successful trades : 12
NPNL : 3
Stop Hit : 3
Lost : 0
In Progress : 0