Dashbtc
Dashcoin Can Be Bouncing Higher Soon!!??As you know most of the cryptos are have been correcting lower the latest days.
Same with Dash. I am expecting more downside to the areas mentioned above.
That area will be a decision area. But I am expecting a bigger bounce in favor of DASH.
Most of the cryptos have a similar structure lower. Have a look at my recent analysis. or They all look similar and somehow waiting for a bounce higher.
If Dash breaks 280.37 low. This view will be invalid. Let's see. Patience is key now.
Hope this helps
Disclaimer: Trading is about going with the highest probability, nobody is 100% right and we need to protect ourself in case we are wrong. That is why we need to always use a stop-loss when trading. Trade with care. This my current view, and any view present is not a trading recommendation just personal view.
Dash VS Bitcoin CyclesSince April 2017, Dash has been ranging between btc 0.04 and 0.08 areas. The consolidation continues to this day without any clarity on further direction.
According to cycles, the price should have produced a wave down since February, but it has stuck near the btc 0.06. DASH/BTC has attempted to break below the 200 Moving Average but yet, it only producing spikes lower. The btc 0.055 area remains the support and the next wave according to the cycles could be up.
If the support will not be broken, Dash should be moving upwards towards btc 0.08-0.1 area, and only btc 0.1 breakouts could confirm the long-term uptrend.
DASH/BTC - BUY ZONE, SELL ZONE, SUPPORTTake a look at EMA55 & EMA200 crossover, Fib retracement levels, RSI oversold (1st time since March 29th), MACD divergence channel/trend, ascending triangle formation, etc...
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only. it should not be considered financial advice***
A Great Opportunity to Buy in DASHBTC , let's hunt together …Technical analysis:
DASH/BITCOIN is in a range bound and the resumption of uptrend is expected.
The price is below the 21-Day WEMA which acts as a dynamic resistance.
The RSI is at 47.
Trading suggestion:
The price is in a range bound, but we forecast the uptrend would resume.
There is a possibility of temporary retracement to suggested support zone (0.0455 to 0.0418). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (0.0455)
Ending of entry zone (0.0418)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0502
TP2= @ 0.0571
TP3= @ 0.0630
TP4= @ 0.0727
TP5= @ 0.0920
TP6= @ 0.0972
TP7= Free
A Great Opportunity to Buy in DASHBTC , let's hunt together ...Technical analysis:
DASH/BITCOIN is in a range bound and the resumption of uptrend is expected.
The price is below the 21-Day WEMA which acts as a dynamic resistance.
The RSI is at 47.
Trading suggestion:
The price is in a range bound, but we forecast the uptrend would resume.
There is a possibility of temporary retracement to suggested support zone (0.0455 to 0.0418). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
Beginning of entry zone (0.0455)
Ending of entry zone (0.0418)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0502
TP2= @ 0.0571
TP3= @ 0.0630
TP4= @ 0.0727
TP5= @ 0.0920
TP6= @ 0.0972
TP7= Free
Dash VS Bitcoin Interesting TimingAfter Dash has found the bottom at btc 0.042, RSI oscillator has formed a bullish divergence and price has started to move up. DASH/BTC broke above the 50 Moving Average and then above the downtrend trendline, suggesting trend reversal.
Dash has reached the high at btc 0.059 and corrected down to btc 0.05, where it found the support at 50% Fibonacci retracement level and 50 Moving Average. The support has been rejected so fart and it looks like an interesting timing as from this point onward price could continue moving higher.
The next upside target is seen near 61.8% Fibonacci retracement area, that is btc 0.072. Previously price found the support and then resistance at the very same level. Break above that resistance could send price much higher while rejection should result in a strong corrective move down.
On the downside, break and close below the current support, that is btc 0.05, could send price down to btc 0.04 support to form a double bottom.
What to expect with DASH, 10-15% Short Term ProfitDASH on the 4hr chart is looking to break out of a triangle
RSI shows that we are undersold at a line of support, great!
Selling pressure flattening out and we can expect 2 possible outcomes.
I don't trade with a stoploss but if you're strict you can cut it off if a candle were to close below the red line. It is likely though that if this chart were to fail, a retest would occur and you could sell for no loss/small profit. That is why a stoploss is generally not necessary with my strategy.
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This will be added onto my Tradingview results spreadsheet once it has been given time to move (usually 1 week)
Currently 90% of my signals reach their targets Over 400% profitable with only -19% hitting stoploss
Please feel free to take a look, Links with proof provided for every signal.
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DASH ladder buy zones and targets we're looking forDash currently trading below 0.786 Fibonacci Retracement from 20th December highs to April 1st lows and price is on 200 SMA line, maybe good to buy? Will see.
Hidden bullish divergence on 4h RSI, volume declining a bit.
We're interested in laddering our buy-ins to get as good price as possible.
BUY LADDER:
0.05148
0.04951
0.04771
SELL TARGET:
0.06119
0.06819
0.07449
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DASH vs BTC - DASH reaches a critical decision point!!Hi all, today we will have a look at DASH vs BTC on the daily log chart!
As you can see, since the highs in December we have been trading within the dashed down trend channel. On the 22nd and 23rd of April we tested the upside of the channel and managed to pierce through it; however volume was not enough and as we also had the EMA 200 to attend with directly above the channel - the resistance in this area was just too strong. This has sent us back down lower for a retest of the 50 EMA (which provided us with good support back on 21st and 22nd of April; and has subsequently held as support again).
Of particular note, is that we are currently in a smaller dotted uptrend channel within the larger downtrend channel, which has also acted as support thus far. Looking at the RSI; although we have wavered slightly over the past few days, we have momentum building to the upside albeit not a lot of room left until we are oversold. The MACD is trending above the signal line and we can see some bullish momentum building here, which is a positive sign. Aroon Up is well above 50 (80.7) and Aroon Down is almost flat to the floor (2.5) indicating bulls have the edge here.
So what is going to happen next? We have basically have two scenarios unfolding and are at a critical and pivotal point. A break to the down side of the dotted uptrend channel will likely send us down to the green dashed support line. This is because if this scenario occurs it places us within a potential descending triangle which could ultimately send us lower, perhaps for a retest of the solid light green support zone which is very likely to hold. From here it is back for a test of the down trend channel for another break out attempt. I stress however, that this is the worst case scenario!
If we can however breakout of the long term down trend channel by tomorrows close at the latest (which momentum is suggesting we can); as well as break through the 200 EMA then we will have some serious new support here. This isn’t going to be easy and requires some serious volume to get us through this overhead resistance.
In terms of trading, I am waiting for a confirmation over the next two days as to which way this thing goes. If we can get the volume we need and break out of the long term downtrend channel and above the 200 EMA – then this is an excellent buy zone. We may go into a short period of consolidation after being exhausted during the break through, but we will have the down trend channel as new support and a bounce off here sees no real resistance until the 61.8% retrace. To be safe you could set stepped sell orders between the 50 and 61.8 fib levels for a decent profit from the buy zone.
On the flip side if we break to the down side of the smaller uptrend channel we are in, then I would be looking to see if the dark green dashed support line holds and a solid bounce off here could provide another breakout attempt through the top of the down trend channel. If this occurs then I would be placing a buy order on confirmation of the breakout. In this scenario, if the downtrend channel continues to provide resistance and the descending triangle actually forms, then we are likely to drop all the back down to the solid support zone before placing a buy order. Note: This is the worst case scenario that could possibly occur!
In summary I am 85% bullish that we can get the required momentum at least break through the top of the downtrend channel and confirm it as support, placing us within the buy zone.
As always DYOR and happy trading!
Cheers