Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX
by
toknormal
on 08/09/2015, 11:13:52 UTC

To clarify - I am not "rattled" by Otoh's selling or buying. Don Corleone teachings: "It does not matter to me what a man does for living," is an approach I agree to. So, in order to celebrate your optimistic view and sober evaluation of what's going on I am going to make the biggest mistake an investor could be making and am back, based on your words.

Ok you've made me nervous now since apparently you're about to put your money where my mouth is, so I think I'll give you some trading advice to mitigate my guilt in case it all goes Pete Tong.

(Sorry if you're already on the case and I'm teaching my "granny to suck eggs" but just in case it's of assistance....)

... as far as trading momentum goes, both the 1-hour and 4-hour charts are still pretty raw. The shorter range indicators however are starting to turn up, though we can't fully tell if this is the bottom till the longer ones start to confirm which won't be for another day or two (or 5 !). I would only make a minority entry to start with (say 25% of your proposed buy) and then let the 1-hour chart (e.g. the 1-hour MACD histogram) come round (this takes patience and steady nerves because sometime the market can appear to be "jumping up" on temporary lower-order panic buy cycles). When it starts to stabilise, enter with another 25% and make sure it goes to green (the 1-hour MACD histogram that is). Then wait with the other 50% till the 4-hour correction is almost fully complete before you start spending the other half of your investment.

Once you're "all in", monitor the 1 and 4 hour charts for comfort - to check that there's no trend reversal on the cards.

As I say - just my 10cents and I'm sure others may offer equally valid or better alternative approaches. Always do what feels most in your own comfort zone ! Smiley