BerlinTrader591
Long

DASH Breakout Target: $1900

BITTREX:DASHUSDT   Dash / Tether
Great Reverse Head and Shoulders here on the 4 hour chart.

Very Bullish Pattern

4 hour charts are the best for Crypto Currencies because they give us more pattern recognition than the Daily Chart and less volatile chaotic noise than the 60 minute charts.

A very classic bullish pattern .

If we break out above this 1160 area, which is also the trend line forming the neckline of the Head & Shoulders .

Our targets will be based on the Fibonacci retracements and extensions.


Target 1 (take 25% position) = 1268 / 61.8% retraacement
Target 2 (take 50% position) = 1500 / former all time highs
Target 3 (take 25% position) = 1913 / 161.8% Fibonacci Extension


Support my work by following me!

Berlin Trader
Support me with these referral links:

Sign up to TradingView charts:
http://tradingview.go2cloud.org/SHxi

Sign up for TastyWorks - The Broker of the Future:
https://start.tastyworks.com/#/login?referralCode=PYZTJG8GJA

Twitter:
@BerlinTrader591
Hey there !
How do you analyse this ? is it a false breakout ? head & shoulders pattern is now invalid, I imagine ?
DASHBTC seems still bullish.

I would be interested to have your thoughts on how to debrief a trade that did not turn out as expected (hoped ? :-) ).
Thanks !
Reply
Berliner?
Reply
@EBMH2012, Yes that pattern is invalid now. It broke out but failed. Right now it is a mess. So we wait until something with defined levels develops. Living in Berlin!
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out