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Dashusd

Symmetrical Triangle Play on DashThis is a simple support and resistance play on Dash with the basic adage: the trend is your friend into the end. We have a 50 day uptrend and a three week consolidation so far within this triangle. That means we have support and resistance trades that really don't require that much overthinking. I am long at the triangle support with a stop loss as shown in the main chart. Take profit will be just short of the fib retracement golden pocket at $345. Risk to Reward is a nice 14. The dotted line is the height of the triangle and it concurs with the fib retracement target at 1.618. Thirty minutes is a pretty low time frame to be looking for hidden bullish divergence but it is there in the chart below. Given we have a 50 day uptrend and that contains a 3 week consolidation pattern we are looking to simply set a stop loss at support with a bit of validation from the indicator. This is our third touch on the triangle support so it lets us get a tight stop on low time frames. The bearish scenario is rather than being a consolidation pattern this is an ABC correction and we would have downside targets around 160 or 120 ash shown below. The rational for that trade would be that the blue line had flipped from support to resistance. Should the price break down from the triangle I would be watching it to retest the previous triangle support as resistance before taking a short. In other words, according to my system I would not be short just yet. And I want to give a fair hearing to the bearish scenario. Based in daily indicators alone this chart looks really bad. But as I said in the beginning, this is a play on continuation to the upside and the triangle support is currently being validated, so I am taking my long in the face of this brutal daily chart. If you are familiar with my system then the chart below makes a lot of sense. I use the VSTOP and MTF VSTOP to determine trend and dynamically chart support and resistance. This play is using continuation to assume the VSTOP will act as dynamic support in this instance hold. If I am wrong I will be stopped out in short order. The linked ideas show some relatively low time frame formations that made target in short order. The BTC head and shoulders did suppose that the formation could over-perform due to how tenuous the bitcoin situation was but when price broke down it went right to the 1.618 fib retracement level before pamping. Likewise on the dashbtc target. I was hoping for more continuation but price went right to the 1.618 level then dumped. This time I am going to be agnostic when it comes to hoping for some over-performance. I will be taking all of my profits, thank you.
Long
by This_Guhy
DASHBTC Appears to be retesting the neckline of an inverse H&SDash has been one of my favorite projects for a while. Right now it appears to be in a multi month long rising wedge that I suspect will break to the upside. But first it has to get off the wedge support and it appears to be doing such with an inverse head and shoulders centered at the 0.0050 level. The support of the wedge is in part defined by the head and right shoulder. I expect that once this retest is done we will see a quick move to the 1.618 fib level of the hight of the head, but from there the main thing to observe will be the splitter on the wedge. For price action to behave more bullishly it will have to stay in the upper half of the wedge. On the 4 hour chart it seems our situation in the purple circles resembles the black circles. I entered my position on DASHUSD when DASHBTC was on the upward slope of the right shoulder and have a stop loss below the valley of the right shoulder. I want to let this ride a bit more before I move my stop to break even or slight profit. From my entry I hope to be patent and wait for it to pop out of the wedge. If I see DASHBTC start to make a bull trap like it did against the purple line below that will be a sign for me to close my dashusd trade. Right now things are going smoothly with the initial ascent shown by the blue trendline. As of right now there isn't even the price action to draw a new purple line for that phase of the uptrend. As you can see, DASHUSD also appears to be in a inverse head and shoulders and price action appears to be testing the neckline on that as well. A zoom in: I hope to take some profit of my margin trades at major fib levels and use some surplus on dip buying. A zoom out of dashusd And just for giggles, here is DASHETH with what appears to be a falling wedge on a flag pole. Lots of volatility all over the place.
by This_Guhy
1
DASH 1D Two extreme prices, where next? Up to $60 or $260For a long 5 months we did not write reviews on the DASHUSDT pair, although the previous idea worked pretty well Today we will describe the next idea for the DASHUSD pair and consider what prospects can await us in the context of several months in the future. For several days now, the cost of DASH has been around $115. They do not fall or grow — gaining a position? Perhaps, because the price of Dashcoin has come to a strong liquidity zone of $110-120 . Consolidation in this area can result in two options: 1) fixing the price below $110 opens the way for a fall down by another -40% to the zone of $60-70 2) fixing the price above $120 will open the way for growth +80-150%, first up to $190 , and maybe higher up to $ 210-220 and globally up to $260 To summarize: the volatility in this trading pair is low, it is possible to put a short stop in case of an error, and in general, a good profit/loss ratio appears. Therefore, carefully follow the events on the market and enter the trade on the side of the strongest! _______________________________ Since 2016, we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
45
Potential Micro Bump and Run Bottom on DASHThis will be a quick post and if you want to read the textbook page on entry on BARR Bottoms it will be in the link at the bottom of the post. Key point, this is a very micro structure as on the daily time frame they are suppse to take about 35 days. In general, the lower time frame the lower the reliability. I am already levered into DASH in a x3 and a 10x trade so I will not be using this trade looking for Entries... I will be using this trade for stop/trade management of my 10x trade. The low established a few hours ago should hold and when there is a break out I will be looking to put my stop losses under that in case it fizzles. If the action is weak at the break out I will look to close in the red zone. If we get to the full Hight I will probably be letting the trade ride and zoom my stops out again. The linked Idea is on a proper BARR on BTCUSD last bear market. thepatternsite.com
Long
by This_Guhy
2
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' targetshey again, as we see on the chart there is strong resistance under the green line, so we need close above 224 4h bar to get our targets . short term: TP1: 254 TP2: 294 TP3: 338 . long term: TP1: 600 TP1: 1200 TP3: 2000 . ..NOTICE.. this is a high-risk trade so please if you don't how to trade, how to secure your money or your running profits or nothing know in trading, no enter into trade I will not responsible for the loss. . stay tuned for the upcoming analysis of the coins if you want any coin's targets or analysis, just comment guys ;) ...
by Bqdb0y1