DASH projectionDASH has had a very rush recover from its low at 133$.
Taking this point as deepest low in the near past (C) we have entered a new rally.
What might be the next movements, according to EW with fib retracement and some swing trend lines? And could it fit with the expected movement in BTC?
I´ve drawn the answer into the chart.
In my BTC-analysis I expect a correction in the near future and with DASH correlated to BTC at 0.72 (on Bitfinex-database) it will follow this move with high probability.
After this correction I expect that the altcoins and BTC will take the course to higher prices. And I hope this next move will be accompanied with more volume, showing that confidence is coming back and the market is wider than atually.
RSI and MACD also show more strength and give bullish signs.
This is no trading advice!
Dashusd
Near a 1D Lower High. Short.DASHUSD is approaching the Lower High of the 1D Channel Down (RSI = 59.378, MACD = -7.110), which is also the 0.5 Fibonacci retracement mark since the last High. 1W remains bearish (MACD = -86.700, Highs/Lows = -13.6249, B/BP = -112.0029) and every Lower High should be anticipated and shorted. We remain bearish on the long run with TP = 100.21.
BTCUSD EW analys road [7000$ -> 5300$ -> 20000$]BTCUSD EW analys road to NEW YEAR 2018
Hello everyone, after a long break from May, I update the information about the bitcoin movement
Look at the previous analysis, he was true!
But back to today's situation
and I think we are in the fifth wave of the correctional figure. That is, I expect in the near future growth in the region of 7000 and then again fall to 5300, after which the correction beginning with the month of January will end, and we will continue to move in the final fifth wave of momentum in the area of $ 20,000
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Approaching the target. Short.DASHUSD remains on a very controlled 1D Channel Down (RSI = 33.269, MACD = -19.390, Highs/Lows = -5.7463, B/BP = -24.7908), steadily approaching our TP = 100.21. The dominant trend on the long term remains bearish too, as the 1W Falling Wedge is intact (MACD = -89.850) but approaching a depletion point as it is being narrowed near 69.83 (May 15th, 2017 low).
Low tested. Further selling pressure. Short.As expected the 165.3263 Low broke and the 1W Falling Wedge (RSI = 34.709, MACD = -86.950, Highs/Lows = -75.6494, B/BP = -164.8717) is now looking for the Lower Low extension. Our TP remains more moderate = 100.21 and with 1D on a 27.783 RSI and oversold on 5 indicators, it is a probability for next week.
$DASH USDT long opportunity$DASH is on my hot list of #Alts to invest mid to long term. I trade this coin paired with $USDT and as you can see in my chart, buy orders layered just off this swing low, a couple hit and I'm back in. Based on the two previous set-ups where we had 17% and 31% runs, I figure this is as good as any opportunity to re-enter. I like a 1D for trend confirmation and 4H for managing my trades, in fact its a real tight combo of 1D/4H that influences my decision process. As always though, indicators, price action, levels, etc give us high probability trades BUT the market moves in mysterious ways and if MM's decide to do a sudden $BTC dumper, the rest will follow almost immediately thereafter. Losses are a part of the deal, it happens to all of us BUT keeping them to a minimum and maximizing gains is how we make money in this space. I will add, $Alts are a little precarious right now, the market has been showing signs of weakness so be careful fellow Cryptonians. Last but not least, check out my newish youtube channel .. help me launch it with some likes and subscribes: www.youtube.com
Scalping with an eye on support break-out.DASH is trading sideways since June 11 with 282.4688 as the Resistance and 210.5683 the Support. It has consolidated for too long to expect any rise meeting the Fibonacci retracement levels of the previous price increase on the 1W bearish channel (RSI = 38.588, MACD = -77.570, Highs/Lows = -46.2601, B/BP = -102.0069). As a result we will be scalping this range for as long as the R/S hold. The 165.3263 Low should break on the medium term and when it does we will short with TP = 100.21.
$DASH/$USDT 1D looking for a bounce off fib levelsSwing trading $DASH paired with $USDT #Tether on Bittrex 1D chart. I'm looking for confirmation of a bullish trend reversal here. Buy orders layered in at .618, .7 and .786 fib levels. Had a nice profitable 32% run off the previous leg. As always, this could go either way, the market moves in mysterious ways. Risk management is king, if my orders get filled, I'll be placing my stop loss below the previous swing low in case it heads south. If $BTC retraces, this is possible. Please note, this is not to be construed as financial advice.. On another note, a friend and mentor who has been in the game for around 20 years or so has developed the tops and bottoms alerts indicators I use. If interested, you can find out more on turbotraderpro.com