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 .
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.
Reshorting at 0.036 too if bulls are so naive.
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 ;)
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
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.
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.
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.
Last chance to buy under $100, people. This dude is on to something, watch.
Ethereum added to coinbase: +50% drop
Ethereum added to bitfinex: +35% drop
You clearly haven't been around so much
(if you think my charts can have any influence in the market, you are WAY WRONG)