DASHUSD Potential Plays:
(1) Wait until heads higher and try to turn daily candle green, 130-140 area. Lots of resistance there. Look to play the reversal with potential breakdown lower. Above 143, if BTCUSD shows strength, abort and switch to Long. Almost impossible for this to happen today, but probabilities are on the short side.
(2) Wait until it heads lower, buy around 130 area. Breaking below 200 ma on the 15 mins chart is a sign to abort. Always look at BTCUSD chart alongside for clues.
(1) Wait until heads higher and try to turn daily candle green, 130-140 area. Lots of resistance there. Look to play the reversal with potential breakdown lower. Above 143, if BTCUSD shows strength, abort and switch to Long. Almost impossible for this to happen today, but probabilities are on the short side.
(2) Wait until it heads lower, buy around 130 area. Breaking below 200 ma on the 15 mins chart is a sign to abort. Always look at BTCUSD chart alongside for clues.
Note
Play (2) didn't pan out, once it it support it just lingered /consolidated before breaking down
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.
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.