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Dashbtc

DASHBTC apparently developing a head and shoulders at resistanceI had mocked up these bands on the chart with the intent of looking for places to take profit on upside moves but it appears that Dash isn't going to make it through the orange zone just yet. There has been a downward channel with a slight broadening aspect to it since 2017 and seeing a head and shoulders at channel resistance does not make me confident that price will be able to break through at this time. The target on the head and shoulders is shown with a fib retracement that and the primary targets are going to be the 1.618 and 2 levels. That puts us within this half mast continuation pattern on the flagpole that began the multi-year consolidation that created the orange zone. My system for determining bias shows that there was some reason for hope on the weekly chart when DASHBTC hit the VSTOP MTF x3 but we have not followed through. And it also seems that we have slipped the 20 week (again). The MACD is below zero and it appears to be poised to cycle another bearish MACD-Signal cross. It seems that Dash is poised to drop around 55 to 66 percent against bitcoin. Linked ideas will show reasons to be bearish about crypto. I still think Dash has a lot of long term potential but it is certainly getting dogged right now. I am certainly going to keep a long term watch on DASHBTC and especially this trendline resistance. Dashusd has been great for swing trades for me for a long time but every time I look to hodl dash it betrays me.
Short
by This_Guhy
6
Comparing DASHBTC to ETHBTC for a DashUsd battleplanIntroduction I have been a fan of the market structure on DASHUSD for a while now and I think it is poised to surprise a lot of people considering its fall in rankings on CoinmarketCap from the last bull market highs. In order to help me figure out where I should be exiting my DASHUSD/T trades I am going to be using the similarities I perceive in the DASHBTC chart when compared with the ETHBTC chart as they both seem very similar to me. Key point is both charts have a lot of history that permit long term charting. A lot of the new up and coming coins don't have the amount of historical data and so it is harder to look for these relationships. Having the history permits me to have more confidence in where I want to take profit which is very useful as I don't want to be re-upping and re-longing my equity to close to the top. Very expensive mistake. Analysis of Similarities Orange Zone Bear Market : as an area of consolidation for both trading pairs. The bottom of the zone acted primarily as support for DASHBTC in 2016 whereas it acted as resistance for ETHBTC. Conversely, the top of the zone acted as resistance for DASHBTC but once ETHBTC got above the zone it acted primarily as support. It was such good support that when ETHBTC dipped into the zone in late 2017 it set of a massive rally straight to the grey zone, which defined the bull trap for ETHBTC. That was a an over 400% move on the pair and coincides with ETHUSD going to its previous bull market all time high. Orange Zone Bull Market : ETHBTC has already completed its bear market and we see a massive and beautiful inverse head and shoulders that formed with the shoulders mostly within the orange zone and the head below the zone. ETHBTC had an abortive attempt to have the right shoulder perform around early February and price action stalled at the black trend line. The chart below shows about where I suspect Dash will be during that stall, and I do like that price target. Red Zone Bear Market : The red zone is where, quite frankly, price action fell off the cliff in Februarys of 2017. This is where the 13 and the 48 weekly EMAs crossed bearishly. Those time settings may seem odd, but a lot of research when into their use and can be read here: www.benzinga.com Red Zone Bull Market : ETHBTC stalled right here while BTCUSD and ETHUSD set all time highs. I would be quite happy to see DASHBTC stall in its redzone while DASHUSD sets an all time high. As my chart above shows, that will be around $4,500. It also seems that ETHBTC is forming a bull pennant right under the red zone and I suspect we will see it charge quick quickly to the gray zone. Grey Zone Bear Market : The gray zone is the body of the weekly candle at the BTC pair all time high. I suspect that may be a very likely place for price action to stall. We can't tell just yet what will happen because we don't have a lot of historical data. I am just emotionally preparing myself for a drastic stall but obviously what is happing on the USD pairs will be important, as well as what is happening in the traditional markets. We are still waiting to see how the gray zones will play out in the bull market. DASHUSD and my trades Hopefully this chart shows well enough my thinking on DASHUSD. I entered a x3 and a 10x trade on DASH last week and I will be using my x3 gains to keep my x10 trade alive if needed to have it reach its target on the DASHBTC chart. I have seen the structure needed for me to double up my x3 trade and feed my 10x trade a little bit. I suspect DASHUSD might go sideways for 2-4 days until it finds support on the top of the channel that it used to consolidate from the upwards break of the rising wedge. If so I may add to my position. Conclusion THe main reason I battle plan is to settle any euphoria I may be feeling when a big move works in my favor. Things are looking good for the broader crypto market and I suspect that this bull market is going to last longer than a couple of months like some people are predicting. Prior to July monthly chart close I was quite bearish but BTCUSD and ETHUSD did what they had to do the last week of the month to show the trend was reversing. It seems that was basically our first sell off, or the 2 wave of an Elliot wave structure so I think we have quite a long way to go, timewise. I am personally done watching BTCUSD as my crpyo bellwether. It's chart was significantly more bearish than ETHUSD based on chart patterns and a host of other indicators. I basically see ETHUSD currently similarly poised to its location in early 2017. Which means I think we are going to have a banger of a Elliot 3 wave a horrific 4 wave and a 5 wave for all the jonnie-come-latelies. Here is rough estimation of what I think the next year holds for ETH and therefor the broader crypto market. And of course, all the normal disclaimers apply. I am not a financial adviser or a CMT.
Long
by This_Guhy
5
DASH/USD (100 Dollars Strong Support?)💎Technical Analysis Summary💎 DASH/USD -The 100 dollar range has been a key area of interest of DASH -We can see multiple reactions in this zone since 2017 -If DASH can hold the price above 100 dollars -Expect a good bounce up action will happen in the coming months -Perhaps if the overall market condition is in good shape -The chances to retest the 500 dollars increases too -For now, let us wait for a few weeks if the bulls can form a support -Good luck traders! :) ⚠️Please always read the description⚠️ Thanks for donating 💰 via Tradingview coins bitcoinpam 🙏🎉 `````````````````````````````````````````````` If you need help🙋 don't hesitate to Send me a message here PolarHusk 😊 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Exercise Proper Risk Management 💱 ``````````````````````````````````````````````
POLONIEX:DASHUSD
by PolarHusk
7
Dash (DASH) - June 16Hello? Welcome, traders. By "following", you can always get new information quickly. Please also click "Like". Have a good day. ------------------------------------- (DASHUSD 1W Chart) If the price holds above the 165.21626486 point, we expect the uptrend to continue. (1D chart) It needs to rise above the 197.43788317 point and find support to turn into an uptrend. If it goes down, you should check to see if it finds support at the 143.62557443 point. If possible, we recommend moving along the uptrend line (1). If it falls from the 143.62557443 point, it enters the mid- to long-term investment area and it may take a long time to rise, so careful trading is required. ------------------------------------- (DASHBTC 1W chart) We should see if we can climb to the 0.005698-0.016067 section and form a box section. To create a new rising wave, it must rise above the 0.016067-0.020848 section. (1D chart) If it goes down, you should check to see if it finds support in the 0.003742-0.004199 zone. In order to turn into an uptrend, it needs to rise above the 0.005114 point and find support. The downtrend is expected to continue until it deviates from the downtrend line (1). However, if it rises above the 0.005698 point and finds support, I would expect it to break out of the downtrend line (1). ------------------------------------------ We recommend that you trade with your average unit price. This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to psychological burden. The center of all trading starts with the average unit price at which you start trading. If you ignore this, you may be trading in the wrong direction. Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** See support, resistance, and abbreviation points. ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. Explanation of abbreviations displayed in the chart R: A point or section of resistance that requires a response to preserve profits. S-L : Stop Loss point or section S: A point or section where you can buy to make a profit as a support point or section. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day. G1 : Closing price when closed G2: Opening price (Example) Gap (G1-G2)
POLONIEX:DASHUSD
by readCrypto
5