DASHBTC trade ideas
Dash - decision time A decision time for the #Dash. After creating a series of bearish candles and lower highs in the four-month period, the coin has rebounded in the last couple of days and it is currently reaching the key zone between 0.02500 and 0.02700. It is a zone consisting of the key Fibonacci support zones - 38.2% to 61.8% - coupled with a series of horizontal support lines creating a resistance block. Moreover, the 100 MA on the hourly chart is also providing an obstacle for bulls to advance further. A push through this zone may facilitate a move above 0.02700, which would prove to be a major step for the bulls. In this case, a move to test the major trend line resistance, currently sitting just below 0.03000, would be on the cards. However, the more likely scenario is the rotation back lower to test recent swing lows around 0.02200. The major support for the bulls sits around 0.01800, which represents a major trend line support.
DASH may be close to a major reversalfor the past month of so we've finally been testing my accumulation zone, and with rising lows on the wicks, along with the overall market shift, and lastly because DASH is an actually used and fairly old and fast coin, I can see amajor reversal in the works any day now.
A look at the weekly with Heikin Ashi DOES however reveal some scary downward momentum, though also gives us a better long term look at potential profits
All in all, I could actually see the argument for a short here, so I won't recommend anything, though, as a disclosure I did open a very small leveraged long position on DASH. However, should we firmly break either of the red trend lines, I would take that as a major sign of our future movement.
DASH testing critical long-term levelBITTREX:DASHBTC testing a critical level on the weekly chart this week.
As you can see from the arrows, this level (black line) was tested multiple times before DASH had its massive breakout in 2017.
Zooming in on the 12H time frame below...you can see how the 12H came down to this line on a Perfected Buy Set Up and then flipped before completing the Set Up (Bullish).
Now trending back towards this level. Should it hold, will consider substantial long position.
DASHBTC Bittrex - High Volume/Volatility strategy for Alt coinSimple 15min time-frame strategy which works well with so far XMRETH 7.66% , ETHBTC, LTCBTC 0.26% , DASHETH 3.33% .
Does not work well with FX, Commods, BTCUSD -1.73% , XMRBTC 7.23%
DASHBTC: (43% return over ~3 months = ~14.33% a month return on investment, 2.23% max drawdown, total of 51 trades = 1 trade every 1-2 days)
Uses:
1. Nested bollingers (multiple lengths)
2. MACD
3. Fibo retracement
4. RSI
IF:
#1 (i.e. all bollingers are crossed) and;
#2 (i.e. macd crosses) and;
#3 (i.e. high/low fib lines are crossed) and;
#4 (i.e. RSI bands are crossed)
THEN: BUY/SELL
8 hours ago
Comment: The following is applied to the back testing:
0.25% commission
5000 ticks slippage
Recalculate after every tick
Recalculate after order filled.
DASHBTC - High Volume ALT coin strategy on Poloniex exchangeSimple 15min time-frame strategy using 4 technical indicators.
DASHBTC: (20.54% return over ~1.5 months = ~13.69% a month return on investment, 1.04% max drawdown, total of 49 trades = 1+ trade per day)
Uses:
1. Nested bollingers (multiple lengths)
2. MACD
3. Fibo retracement
4. RSI
IF:
#1 (i.e. all bollingers are crossed) and;
#2 (i.e. macd crosses) and;
#3 (i.e. high/low fib lines are crossed) and;
#4 (i.e. RSI bands are crossed)
THEN: BUY/SELL
Comment: The following is applied to the back testing:
0.25% commission
5000 ticks slippage
Recalculate after every tick
Recalculate after order filled.
TF T&I XVIII Chart X Overbought/Oversold IndicatorIn this chart we can observe the use of an RSI on the Dash/Bitcoin Pair. The RSI allows us to determine if a Coin is Overbought o if it is Oversold. Depending upon the line. If it crosses 70 or higher then it is called Overbought, but if the line crosses 30 or below then is considered to be Oversold.
DSHBTC investment opportunityWonder what to do with the coin on the lowest level of the price ever? All supports had broke and TA does not allow to determine the further movement? This is an awesome investment opportunity. Personally, I'd bought DSH and will have bought it more in case of price down. My position is to purchase of such assets not more than 1-2% of depo for mid and long term. Good luck!
Dash - Overbought Long/MidDash supply is very limited by freezing tokens in masternodes. Over 60% of entire tokens in circulation is frozen. I think if we hit first line, many master nodes may get liquidated because of sign that bubble is bursting. Dash tokens will come on the market and we may see really incredible bubble burst.