DASH WILL COME BACK TO REALITY

2 Mar 2017

100% move upwards in a week, highly overbought RSI's (specially weekly, daily and 12h), macd 1h crossing down, macd 4 hours trying to turn down...
Plus we all know the fundamentals of dash: a instamine where the lead devs mined 1.5M coins in 8 hours (current supply just above 7M coins), a fake democracy where +50% of the votes are controlled by the instaminers, a bitcoin code clone using coinjoin maybe even illegaly...
Short the breakout down and enjoy easy profits.
Great R/R trade.
SL new ATH.

2 Mar 2017

Not

Easy trade.
I love easy trades.
Overtrading is dangerous.
You just have to sit and wait for your opportunity.
Closed 25% at 0.0324, reshorting at 0.036 if bulls are so naive to take it there.

2 Mar 2017

Not

Current target around ~0.029 for now

2 Mar 2017

Not

50% closed at 0.0295.
Reshorting at 0.036 too if bulls are so naive.

2 Mar 2017

Not

Closed at 0.0325 the "reshorts" i made at 0.036.
Now im leaving this 25% left looking for a major drop.
SL a bit over the breakout level (entry point).
This was an easy trade that provided a nice profit.
Follow me if you want to know my future trades ;)

3 Mar 2017

Not

ENTRY 0.0353
SL 0.0367
TARGETS
40% 0.032
45% 0.03
15% new lows
technichals to support this short:
price didnt manage to break 0.382 fib retracement resistance
upwards trend line broken
15m macd crossing down again
30m macd about to cross down again
RSI has room to go down again

3 Mar 2017

Not

I failed choosing that stop for the second trade and got stopped out.
Double checking it know it should have obviously been at 0.0377.
Anyways, i got stopped for less than a 4% loss on 60% of my 2nd position, what means a 2.3% loss of my colateral.
But as we reached target with 40% of our position, we managed to still make profit on this second trade. A "whopping" 4% net profit before margin!

I still have ongoing 25% of my original trade with entry point 0.0377 and targeting bottoming signs.
This first trade has reported so far an 18% net and realized profit, plus the 4% reported by the second trade, we already squeezed a 22% net profit before margin to this dash pump. And still have 25% of my original position opened.
I'm now considering where to place the stop, probably tight, as i am not interested in a long term trade of this dump even if i am pretty sure it will eventtually make new lows: i want to allocate most of my funds to my xmr trade and a potential bitcoin etf approval/rejection trade.

9 Mar 2017

Not

Got stop lossed at 0.0393, for a 5% loss from my entry point for 25% of my position. So that means a 1.25% net loss.
As i had already squeezed a 22% net profit to this dash short, i end up with over 20% net profit in this trade.
I'm sure this will eventually go back down, but i dont want to get involved in a long term trade in DASH.
BTW, the only reason this is holding this market cap is that there are less than 3 million DASH circulating and they are probably highly concentrated in a few hands. There are only 3M DASH out there as +4M DASH are locked in the masternodes.