We have almost retraced the entire January pump on DASH/BTC.
If we somehow reverse the trend from the first support, I will be looking to TP at predetermined areas.
If we continue falling, I would say that we break the ATL
I would wait to see the price reaction at the first support, before jumping in a trade.
The dips currently on BTC are for buying. With halving coming up soon, I think we see a push in price. My perfect entry would be the lower blue line, but I will be adding to my position between or as close to the blue lines with a stop at or near the red line.
If we look at the daily chart for Bitcoin, we can see the big drop on March 12/13. This dump is really similar in market structure to the October 2019 pump, when President Xi mentioned blockchain and Bitcoin shot up. If we go by how the price retraced in October after the pump, we can see similar pattern occurring right now but its inverse.
Short Term -...