Dash has recent broken through the daily MA cloud, retraced back to it and appears to be bouncing off it it. Good momentum on the 4H candles indicates price is bullish and is moving to the upside.
Trade active
Opening up a few positions with the good looking 4H momentum candles after the bounce in the MA cloud. Stop Loss set tight will be a close / momentum move in the cloud.
Trade active
Dash off to a good start, +12% and climbing.I will be watching for a decrease in 4H momentum before looking to close out positions.
Note
A decrease in 4H momentum is occurring. The 30m chart looks like it will have a close in the MA cloud, which is typically where I place my trailing stops.I will be looking to possibly close out positions here for +13% and reopen if price continues to move up.
Trade closed manually
+12% positions closed.Trade active
Opened up positions on the good looking 4H momentum candle. Looks to me like trend is continuing to the upside.Trade closed manually
Closing positions at +1% on loss of 4H momentum. Possibility of retracing to the 4H cloud.Trade active
Entering positions on the strong 4H momentum candle after the three white doji.Trade active
Price creating a classical reverse symmetrical triangle. My thoughts on a target line for this dash trade.Trade closed manually
Closing for break even while BTC makes new highs and Dash is not correlating. Will revisit when price reaches the 4H MA cloud.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.