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Dash

Quickpost:Dash Looks Like a shortThe main chart says a lot so I am going to go into the 12 hour because that shows a lot. Quite simply price action is still very bearish with both the VSTOP and MTF VSTOP situated bearishly and the 20 period SMA acting as resistance. This is the time frame I have my stops set on and my entry was at $207, My take profit is of course a bit shy of full performance. I am almost but not quite ready to move my stop loss to guarantee a profit. These are very risky times and only the nimble should be trading. This is not the time to learn new skills. If you try and push your limits here with your full account most of y'all will get wrecked, like I got wrecked 3.5-4 years ago. One of the reasons this is a quickpost and I don't need a lot more TA is all the TA I have done recently that points to the begining of a bear market, and I trust my divergences and stop strategy. If I take an L on this it will be a very small one. Here is a quick confirmation on ethbtc, which loosk to be setting up a classic bear trap. Given ETH and BTC .9ish correlation and ETH higher beta it seems we are due for the next leg down marketwide.
KRAKEN:DASHUSDShort
by This_Guhy
1
Dash (DASH) - May 27Hello? Dear traders, nice to meet you. By "following" you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (DASHUSD 1W chart) If it rises along the uptrend line, it is expected that there will be a big gain in the long run. (1D chart) You should watch for any movement that deviates from the 184.74635937-231.92522638 section. If it rises to 231.92522638-255.51465848 and gains support, it is expected to turn to an uptrend. The situation can be different depending on the movement of the BTC price, so you need to look at the movement of the BTC price. ------------------------------------- (DASHBTC 1W chart) (1D chart) If it rises above 5676 points and gains support, it is expected to turn to an uptrend. If it falls, we need to make sure we get support at the 5075 Satoshi spot. If you fall at the 5075 Satoshi point, you need Stop Loss to preserve profit and loss. Dawitch, 4574 Satoshi-4850 Satoshi You can touch the section and climb along the uptrend line, so you need to trade carefully. -------------------------------------- It is advisable to trade at your average unit price. This is because if the price flows below your average unit price, which was on an uptrend or downtrend, there is a high possibility that you will not be able to earn a large profit due to the psychological burden. The center of every trade starts with the average unit price you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, so that the money that ultimately represents the profit can regenerate the profit. -------------------------------------------------- ------------------------------------------- ** All indicators are lagging indicators. So, it's important to be aware that the indicator moves accordingly with the movement of price and volume. Just for the sake of convenience, we are talking upside down for interpretation of the indicators. ** The wRSI_SR indicator is an indicator created by adding settings and options from the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the conventional stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator that oh92 disclosed. (Thank you for this.) ** Check support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All explanations are for reference only and do not guarantee profit or loss on investment. Explanation of abbreviations displayed on the chart R: A point or section of resistance that requires a response to preserve profits S-L: Stop Loss point or section S: A point or segment that can be bought for profit generation as a support point or segment (Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment transactions. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they do not trade 24 hours a day. G1: Closing price when closed G2: Market price at the time of opening (Example) Gap (G1-G2)
POLONIEX:DASHUSD
by readCrypto