DASH/BTC flagging up ready to make a decision
Dash has had a good steady increase in volume on the daily and after the last push its had a nice healthy retrace forming a descending wedge and respecting the fib levels with a nice bounce off the 50% and now holding onto the 38%
have entered here between the 38 and 50 but have laddered buys down to the 618 incase we get a lucky dip or this wedge takes a little longer to play out, stops below the 618 but have plenty of room for a wick out.
shooting for the 1.272 extension which i can see a supply block there thats been respected and rejected there a few times already, playing it safe for a 12-15% push.
have entered here between the 38 and 50 but have laddered buys down to the 618 incase we get a lucky dip or this wedge takes a little longer to play out, stops below the 618 but have plenty of room for a wick out.
shooting for the 1.272 extension which i can see a supply block there thats been respected and rejected there a few times already, playing it safe for a 12-15% push.
Trade active:
We got our lucky bag filled early this morning with a touch on the 618, our avg entry price is now around .020850
Still got the 1.272 target in mind but if the BTC ABC correction plays out we may have to cut ties with DASH earlier than we would like to and secure a small profit and look for a re entry once btc has finished flopping his willy about.
I will be thinking short term potential rejection at the 38% around 0.2150 may be a nice early exit for a small 3% scalp, might seem dismal but im not one to counter trade against BTC, BTC is the king
Still got the 1.272 target in mind but if the BTC ABC correction plays out we may have to cut ties with DASH earlier than we would like to and secure a small profit and look for a re entry once btc has finished flopping his willy about.
I will be thinking short term potential rejection at the 38% around 0.2150 may be a nice early exit for a small 3% scalp, might seem dismal but im not one to counter trade against BTC, BTC is the king
Trade active:
We hit our first target and closed our position at the 38, for a small scalp of 3.3% and have since re entered on the 50 again, with another buy back on the 618.
Im still semi confident of this one playing out so happy to take another position for now but will stay mindfull of BTC's movements over the next few days.
Im still semi confident of this one playing out so happy to take another position for now but will stay mindfull of BTC's movements over the next few days.
Trade closed manually:
FInally got the break out yesterday and was starting to look good after binance came back online last night.
We had multiple entries off the 618 so solid entries but fell short of target for now and wasnt liking to look of the oscillator to exited now for 12%, wasnt looking for a massive trade on it so happy to take it while its there.
We had multiple entries off the 618 so solid entries but fell short of target for now and wasnt liking to look of the oscillator to exited now for 12%, wasnt looking for a massive trade on it so happy to take it while its there.
Trade closed manually:
and there it is, close enough :)