Ok, since people seem to be getting depressed about the price I thought I'd provide the "inside view" from traders who are shorting this market - e.g. me. (On purely a "know your enemy basis of course"
).
Dash market performing exactly to expectations now.
My short's still open from weeks ago and now in the black, however indicators are beginning to signal closure-time on the horizon. 1 of 3 of mine already in (the 4-hour RSI now indicating market in oversold condition).
If only I had gone "all-in", but unfortunately I don't do "all-in"
Still, just shows you that if you follow the rules with military discipline at least you can get on the right side of the trend.
1-hour MACD is level but 4-hour MACD and 4-hour volume trends indicate there's still a bit of mileage in my short.
I'll probably start placing orders starting around the 0.01 mark upwards to catch any panikers.
EDIT: oops ! Didn't notice those walls on craptsy. So looks like it's going to have to be in the 13 range then.
