DSHBTC trade ideas
DASHBTC- Ellipse - Position tradingThe ellipse works well when there is little history to tell us the story. The next leg up could be symmetrical to the first - and this gives us our target. If price falls out of the ellipse our trade plan is broken - it's that simple.
Please use caution when you trade - the plans I create are my thoughts based on past experience in the forex market, they are not advice.Feel free to donate BTC to my account if you happen to benefit from my plans.
BTC address www.btcmarkets.net 15HB2vstnjdUw4RGcrikWTtW8aCK8DJCtj
Paypal: paypal.me/gillianpatrice
Dash: Bullish LifestyleTECHNICALS:
1W SAR swapped and we have closed outside bollinger bands on the 1D candles.
1W candle looking to close outside bollinger bands.
Volume has declined over recent weeks so a break to a higher level would indicate the big money is getting in on move.
FUNDAMENTALS:
Well funded developer team with a solid roadmap.
Has a good scaling solution planned and aims to compete against VISA and MasterCard after upcoming releases.
Bullish pre-conference pump.
www.dash.org
Release mentions "Major Integrations and Announcements".
New Bitmain Dash Miners: bitcointalk.org
Keeping watch on DASH/BTC PoloniexDASH/BTC has been channeling sideways since April, but we might be seeing the first wave bouncing off the long term lower trend line boundary. Fib ratios off the first two waves project wave 3 ending around .155BTC, which is right in line with a 1.272 Extension of the previous cycle, as well as the previous cycle distance from the recent low. I want to see it break above the recent high to be sure it's actually rising and not just teasing with more sideways moves. For confirmation, DASH/USDT looks like it might be starting an impulse wave pattern as well:
DASHBTC Major exploit detected. Shorting.1. Non-fungible. But they will tell u it is and been lying about it for years.
2. Instamined. Daffield farmed over 2 million dash in the first minutes of coin's life.
3. Disabled instantsend because of a backdoor: if u have 6 or more masternodes u can start off the attack, spawn a fork or double spend coins. www.dash.org
4. Have a record of spamming the network with atomic dust under the pretense that they have oodles of txs. BCN have been doing that too but they have 0.00036 percent of dash cap.
Dont even capitalize the D.
Putting a short on it.
Entry: 0.08 - 0.085
Target profit: 0.027
Sl: 0.1