DashUSD
Last comment was waiting for a flag to develop and looking to
buy at 655 which wasn't great considering it spiked to 614.
There was no stop advised here as it's so spikey so if you kept
your nerve here, hats off. It was hairy.
That flag earlier on Dash, now lost in the noise, was a day
trader's paradise. This thing moves so far so fast and in such a
big range, 10% to 20% in every 24 hour period.
Now back towards the top iof its range and likely to unwind
between the top two parallels in near term. A good range for
day traders to play within. Take profits if still long and pick
up some more around 725
Last comment was waiting for a flag to develop and looking to
buy at 655 which wasn't great considering it spiked to 614.
There was no stop advised here as it's so spikey so if you kept
your nerve here, hats off. It was hairy.
That flag earlier on Dash, now lost in the noise, was a day
trader's paradise. This thing moves so far so fast and in such a
big range, 10% to 20% in every 24 hour period.
Now back towards the top iof its range and likely to unwind
between the top two parallels in near term. A good range for
day traders to play within. Take profits if still long and pick
up some more around 725
Top Bit : Experienced Day Traders Only (Swingers, below)
Unwinding overbought conditions in a range above old highs.
This is so spikey and passionate and emotional it's difficult to
trade with stops, certainly with tight stops. You either believe
the pattern and the probability of the pattern playing out within
the spaces on the chart for a limited but golden period in
time or you don't. If you get the way it flips around in a 20%
range some days, others just 10 to 13% and like the idea of
playing it - look at it, it wants to be played - this is the one
for you. It's a roller-coaster ride each day that nets 20% on the
downside followed by 20 % on the upside: 40% returns in 24
hours if you read it right and trade the lines and don't get
carried away and can handle wide or no stops (please no,
wide ok, so it doesn't get hit, but not no stop)... It should sell off
if 720 gives way, back to 667, maybe to 641 if very lucky and
then it will bounce again back up to 720 and maybe to 765 if
very lucky again.
For swing traders looking to get long here for a longer
term move, potentially: put an order in at 667 for 1/3rd,
another at 653 and another at 645, all with stops around 628.
Be very lucky, is all...