BTC.D Bitcoin Dominance - ALT SEASON! +Weekly Head and Shoulders
Bitcoin Dominance Weekly Chart (BTC.D)
- On the chart we can see 2x Head and Shoulders Pattern.
- Currently the second one is bearish and the price is currently on the HaS neckline support.
- You can trade this upcoming breakout of the pattern simply by buying altcoins. Or by exchanging bitcoin for altcoins.
- As you can see we have a double top reversal pattern on the weekly swing highs (September 2019 and December 2020).
- Expected duration of the trade, Stop Loss, Profit Target, Entry Price and Risk To Reward Ratio - for more information, please check my signature below ↓
- 200 weekly moving average can serve as a resistance in the near future.
- Don't miss my upcoming updates and new ideas.
- A question is where is the target. We can target 0.618 FIB retracement + bottom of the trendline + Head and Shoulders (conservative target).
- If you want to see more of these ideas, hit "Like" & "Follow"!
- On the chart we can see 2x Head and Shoulders Pattern.
- Currently the second one is bearish and the price is currently on the HaS neckline support.
- You can trade this upcoming breakout of the pattern simply by buying altcoins. Or by exchanging bitcoin for altcoins.
- As you can see we have a double top reversal pattern on the weekly swing highs (September 2019 and December 2020).
- Expected duration of the trade, Stop Loss, Profit Target, Entry Price and Risk To Reward Ratio - for more information, please check my signature below ↓
- 200 weekly moving average can serve as a resistance in the near future.
- Don't miss my upcoming updates and new ideas.
- A question is where is the target. We can target 0.618 FIB retracement + bottom of the trendline + Head and Shoulders (conservative target).
- If you want to see more of these ideas, hit "Like" & "Follow"!
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