DASHBTC trade ideas
Dash has been dashing back down down lolWhat this is is a very interesting technical analysis created by me in my 1-2 years trading bitcoin and other cryptos. I use Fibonacci ratios and trend-lines to determine the price action and where I should enter and exit the market. I only trade on the 4 hour charts because I found that it is the most consistent and this method works for any market that has volatility .
To begin with the price could move anywhere inside of the blue triangles. It's best to buy at the bottom of the triangles and sell at the top. The darker the blue triangles are determines how bullish the current trend is. If the price rises up and out at the top of the blue triangle that would indicate an extremely strong buy and a high chance of the price to rise. If the price goes down and breaks out at the bottom of the blue triangle it would indicate a strong sell. The small green rectangle is where I predict the price with go and is where I would buy. The small red rectangle is where I predict the price would go and where I would sell.
Currently short with my target at 0.034
Dash is incredible either way we get paidWhat this is is a very interesting technical analysis created by me in my 1-2 years trading bitcoin and other cryptos. I use Fibonacci ratios and trend-lines to determine the price action and where I should enter and exit the market. I only trade on the 4 hour charts because I found that it is the most consistent and this method works for any market that has volatility .
To begin with the price could move anywhere inside of the blue triangles. It's best to buy at the bottom of the triangles and sell at the top. The darker the blue triangles are determines how bullish the current trend is. If the price rises up and out at the top of the blue triangle that would indicate an extremely strong buy and a high chance of the price to rise. If the price goes down and breaks out at the bottom of the blue triangle it would indicate a strong sell. The small green rectangle is where I predict the price with go and is where I would buy. The small red rectangle is where I predict the price would go and where I would sell.
Currently neutral but will change soon will update my position soon.
$DASH #DASH - LAST HOPE - Break downtrend now, or BYEHello Lads and Ladies,
Today we are going to take a look at DASHBTC. Currently the 13th biggest crypto by Market Cap. It has been in a humungous downtrend and the question is when will it finally leave this downtrend and where can we expect DASHBTC heading to?!
Starting off with the huge downtrend line (indicated light blue in the chart), which originates at the 20th of December last year. DASHBTC never really left this downtrend now for almost 6 months, it has tried to do so and failed multiple times with that, what can be pretty depressing. Nevertheless, it seems to be coming to and end of this tremendous downtrend and gives quite a bit of room to play with.
It is important to mention that DASHBTC was holding itself above 0.06 BTC for quite a long time and has confirmed this line multiple times again as a historic support and resistance line (indicated red in the chart). I chose the red color, because it has been broken and acts now as a strong resistance and a potential decision point after a big push.
The next support we are taking a look at is located at 0.043 BTC (indicated orange in the chart), this line has been historically a intermediate support and support resistance line, where the chart makes a small stop, when making big moves. Although, it has been a pretty strong support in the timeframe of 30.03 - 16.04, this was a phase where nothing special happened to DASHBTC and it got ready for a pump, which was heading towards the downtrend line, actually broke it for a day and tested the 0.06 BTC resistance. The very important aspect was here that it just had picked up enough momentum and volume to break through the downtrend line, and then it was supposed to break a HUGE resistance right away, of course it got rejected there because there was not enough momentum and volume left. This had a steep retracement with it, nevertheless, it was hugging the downtrend for almost a month, leaving it for a day but coming back again and retracting more from the downtrend. It had a small stop at the intermediate support line (orange) and continued from there, as already explained this support line is able a stronger momentum.
Eventually, it tried to break the intermediate support and resistance, failed to do so twice and continued its journey to the next support at 0.039 BTC (indicated green-dotted in the chart). From there on it was moving sideways and approaching the downtrend, trying to push through it multiple times right now in a very short period of time. Also sitting on support during the whole time.
Based on that there are basically two options left.
The 1ST one would be that DASHBTC breaks the downtrend very soon and pushes towards the intermediate support/resistance deciding there, whether it uses it as a new support for a short time and continues the push towards 0.06 BTC OR it gets rejected there and comes back to the support it sitting at right now.
The 2ND option is that it breaks the current support, gets wrecked and retraces even further down to the next and the last-hope-support at 0.0338 BTC. From there on it would most likely have really a lot of volume and buyers to let it bounce hard and break the downtrend with a very high chance.
Cheers, Tomas
alt DASHBTC 6-22 DESCRIPTION
Pattern is currently a falling wedge which formed over last two months.
Zoomed in
BB’s (6H) are tightening indicating a price change coming. Latest candle started near the top of the band.
60 bb’s price is ABOVE and OUT of the band.
EMA’s slow line is over fast line, showing a bearish trend.
60 EMA price is ABOVE the fast and slow lines
MACD is rising
Flibbr is rising and a cross happened.
Ichimoku cloud is above the price
Price has crossed the fast line, and is touching the slow line
60 ichimoku price is IN THE CLOUD, it might cross over to the top of the cloud.
RSI in the middle.
Fibbonacci bottom line is the same as the price right now.
Pitchfork
Weighted volume - price is currently at the bottom of the indicator with pretty much nothing below the price level… could indicate that if price goes through the line it will go down much.
Aligator is flipping over in 60.
Dash fails to move above multiple resistance levelsIn the recent days, Dash failed to move above the multiple resistance levels, namely: horizontal resistance line near 0.4220, 100 DMA around 0.4660 as well as trend line resistance (previous support) that currently comes at 0.4800. The confluence of resistance levels keeps the price intact below the key trading block in the 0.42-0.48 range. Furthermore, a falling trend line is currently in the low 0.40s and creates additional headache for bulls.
Downside levels to be watched are 0.3660 - horizontal support, additional layer (previous low) around 0.3400 as well as recent multi-month low around 0.2245. As ti stands now, the price will continue to push lower as bulls fail to push the price higher. If you entertain the idea to go long Dash than our advise will be to start building your long position within the trading block connecting two support lines 0.34-0.36 with stops below.
1980% gain in the midterm future?If we decline to the point IV and rally up we are going to see massive adaptation of DASH, with incredible gains.
Please refer to images below for clarity, as the interactive post is off.
~Explore the chart for possible scenarios of price actions - use zoom and scroll for better view.~
/*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
If you want your coin to be analysed, please PM me.
Thank you,
Ajion
Dash looking poised for a breakout of longterm downtrend. *LONG*After a good half year of continuous decline, Dash is starting to show indications that an impending bullish reversal may be in the cards.
- bull divergence on the 1 day
- double bounce off long term trendline
- ttm squeeze showing possible incoming market reversal
It's nearly do or die time for Dash, as a break below that support line and virtually no support lies beneath.
Be mindful if margining Dash long, as Dash is has shown itself to be susceptible to flash crashes recently that wipe out open positions in the course of a few minutes. Extremely volatile.
Buy orders should be placed at a clean break of the descending resistance line.
An even stronger and safer entry would be at a clean break of the 100ema (indicated with the blue line)
Early entries should place their stop loss at the indicated dotted red line.
Be mindful of bitcoin and it's price movement, as it tends to trickle down to the rest of the market.
Prepare for a bull price bounceAs I do believe in Bitcoin manipulation there is a good chance to get some good buy of DASH BTC
I am making a conservative bull run prediction. If we will go down, we suppose to make next leg down to try bottom, SL is a must, but I prefer leave some space for it.
There is a pretty good chance that we will stay in consolidation and bounce to new bull run.
