Hi Traders, hope you have been enjoying all of the volatility lately.
I wanted to share this chart which illustrates the similarity between the Monero 3 drive pump last year and how Dash is currently playing out.
Orange represents the XMR chart and the Blue is where dash is at.
As you can see the breakout is behaving in a very similar way; i.e. it appears we are looking at a potential 3 drives, of which we are currently towards the end of the second; which would make sense at the 100$ psychological level with a likely break and retest.
I am long on this trade at spot from 28$ and 45$ with some very healthy BTC profits from all the volatility last Friday and can see this playing out, but don't want to leverage too high in case this beast falls over.
Happy trading.
I wanted to share this chart which illustrates the similarity between the Monero 3 drive pump last year and how Dash is currently playing out.
Orange represents the XMR chart and the Blue is where dash is at.
As you can see the breakout is behaving in a very similar way; i.e. it appears we are looking at a potential 3 drives, of which we are currently towards the end of the second; which would make sense at the 100$ psychological level with a likely break and retest.
I am long on this trade at spot from 28$ and 45$ with some very healthy BTC profits from all the volatility last Friday and can see this playing out, but don't want to leverage too high in case this beast falls over.
Happy trading.
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Follow on Twitter @filbfilb