DASHBTC - Trend continuation off of daily/4H MA cloud

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 aktif:

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 aktif:

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.

Komentar:

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.

Trading ditutup secara manual:

+12% positions closed.

Trade aktif:

Opened up positions on the good looking 4H momentum candle. Looks to me like trend is continuing to the upside.

Trading ditutup secara manual:

Closing positions at +1% on loss of 4H momentum. Possibility of retracing to the 4H cloud.

Trade aktif:

Entering positions on the strong 4H momentum candle after the three white doji.

Trade aktif:

Price creating a classical reverse symmetrical triangle. My thoughts on a target line for this dash trade.

Trading ditutup secara manual:

Closing for break even while BTC makes new highs and Dash is not correlating. Will revisit when price reaches the 4H MA cloud.