100% move upwards in a week, highly overbought RSI's (specially weekly, daily and 12h), macd 1h crossing down, macd 4 hours trying to turn down... Plus we all know the fundamentals of dash: a instamine where the lead devs mined 1.5M coins in 8 hours (current supply just above 7M coins), a fake democracy where +50% of the votes are controlled by the instaminers, a bitcoin code clone using coinjoin maybe even illegaly... Short the breakout down and enjoy easy profits. Great R/R trade. SL new ATH.
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Easy trade. I love easy trades. Overtrading is dangerous. You just have to sit and wait for your opportunity. Closed 25% at 0.0324, reshorting at 0.036 if bulls are so naive to take it there.
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Current target around ~0.029 for now
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50% closed at 0.0295. Reshorting at 0.036 too if bulls are so naive.
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Closed at 0.0325 the "reshorts" i made at 0.036. Now im leaving this 25% left looking for a major drop. SL a bit over the breakout level (entry point). This was an easy trade that provided a nice profit. Follow me if you want to know my future trades ;)
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ENTRY 0.0353 SL 0.0367 TARGETS 40% 0.032 45% 0.03 15% new lows technichals to support this short: price didnt manage to break 0.382 fib retracement resistance upwards trend line broken 15m macd crossing down again 30m macd about to cross down again RSI has room to go down again
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I failed choosing that stop for the second trade and got stopped out. Double checking it know it should have obviously been at 0.0377. Anyways, i got stopped for less than a 4% loss on 60% of my 2nd position, what means a 2.3% loss of my colateral. But as we reached target with 40% of our position, we managed to still make profit on this second trade. A "whopping" 4% net profit before margin!
I still have ongoing 25% of my original trade with entry point 0.0377 and targeting bottoming signs. This first trade has reported so far an 18% net and realized profit, plus the 4% reported by the second trade, we already squeezed a 22% net profit before margin to this dash pump. And still have 25% of my original position opened. I'm now considering where to place the stop, probably tight, as i am not interested in a long term trade of this dump even if i am pretty sure it will eventtually make new lows: i want to allocate most of my funds to my xmr trade and a potential bitcoin etf approval/rejection trade.
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Got stop lossed at 0.0393, for a 5% loss from my entry point for 25% of my position. So that means a 1.25% net loss. As i had already squeezed a 22% net profit to this dash short, i end up with over 20% net profit in this trade. I'm sure this will eventually go back down, but i dont want to get involved in a long term trade in DASH. BTW, the only reason this is holding this market cap is that there are less than 3 million DASH circulating and they are probably highly concentrated in a few hands. There are only 3M DASH out there as +4M DASH are locked in the masternodes.
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JoshMadison
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You really did ruin some poor guys dream who sold based off your advice. It's only up up up from here. The markets are in desperate demand for a bitcoin competitor.
@JoshMadison,
1. I do not ruin anyones dreams, everyone is grown up enough to take their own decissions
2. The markets are being manipulated, this growth IS NOT organic. Just manipulation + FOMO
3. Anyone guesses right ALL his decissions, still you can check my record, i'm doing it AMAZINGLY GREAT :D
4. Last but not least: This trade provided me a whopping 20% NET PROFIT :D
PS. I really hope, sincerely, that you get out of DASH before being dumped. You are currently blind, thinking this is natural, organic, and that it won't be reversed. Don't make a noob mistake and get in love of a position. Trade without feelings.
JoshMadison
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XMR talks about how great their tech is and convince newbies to buy in, and then the xmr players short it for profit. Happens over and over. Then they have the audacity to call dash a scam. Dash has real holders and interested 3rd parties. Fatfoolfluffypony couldn't even work with Jaxx wallet. Bitcoin top players make videos arguing with each other. Where do you think the big time investors are going to flock to?
Last chance to buy under $100, people. This dude is on to something, watch.
@JoshMadison, I have my setup for a new short. will make an idea soon when the shorting times is here. i'll recommend you to keep up to date of my profile if you want to scalp your long :D
JoshMadison
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@bagofXMR, Right, like i will take your advice on a short. Your advice has already been proven to be extremely poor. If someone had listened to this thread they would be kicking themselves right now, groaning in anguish. There is no shorting dash, you will be squeezed and im willing to bet you have been squeezed several times now. This is not some kind of pump to short, this thing is a new market turning into a competitive market. There has been pressure for a Bitcoin competitor because Bitcoin is way to sketchy with its Chinese crap. I won't need to sell my Dash, I will be able to use it.
@JoshMadison,
Ethereum added to coinbase: +50% drop
Ethereum added to bitfinex: +35% drop
You clearly haven't been around so much
JoshMadison
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@bagofXMR, This is different. DASH is shooting for Bitcoins market and they have made that very clear. Dash markets itself very heavily as a future usable currency. I think the ETF will not pass because of China banking having the ability to crash it and no consensus on upgrading. If the ETF does not pass, Bitcoin can not upgrade itself, while Dash is added to major fiat exchanges like Coinbase, than that puts Dash into the position they have been aiming for.
bagofXMR
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@JoshMadison, You can keep buying hopium. I made my profits. I sincerely advise you precaution. Good luck.
(if you think my charts can have any influence in the market, you are WAY WRONG)
see here
postimg.org/image/9zt0hf6o1/