DASHBTC trade ideas
Bounce from 0.78 FIB supportBuy signal/setup
- Bounce from 0.78 FIB support
-bullish divergence macd
BTC is back, DASH loses speedDASH/BTC will break bearish into mayor resistances. Sell suggested (own risk)
Dash , A great buy opportunity in DASHBTC . Catch it!!Technical analysis:
.DASH/BITCOIN is in a range bound and Beginning of up trend is expected.
.The price is below the 21-Day WEMA which acts as a dynamic resistance.
.The RSI is at 39.
Trading suggestion:
Price is in the Buy Zone (0.0643 to 0.0580), we would set orders based on Price Action and expect to reach short-term targets.
.Beginning of entry zone (0.0643)
.Ending of entry zone (0.0580)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks).
Take Profits:
TP1= @ 0.0724
TP2= @ 0.0775
TP3= @ 0.0803
TP4= @ 0.0920
TP5= Free
DASH/BTCDash has recently been experiencing some crazy price movement. In the past few weeks, the highs and lows were due to extremely long wicks of the candlesticks. These swings in price are usually a good time to expect the price to retrace back to these levels in a more consistent manner. A few days ago, the price began its decline, following along a trendline quite well until this morning. The price did close slightly above the trendline and created a long upper wick like before. Although, the prices never reached a price above the EMA(20) even on the highs of the candlesticks. Along with the current trend, this leads me to believe that the EMA(20) is being used as a pretty good resistance level right now. If this level is broken, along with the resistance level of 0.064936, I expect the price to continue in the bullish direction due to the indication of a solid bullish reversal. In the past, this 61.8% fib retracement has not been very reliable in terms of creating reversals. An indication of a bearish target is present in the case of this level causing a reversal anyway. Even though the recent bullish candlestick closed above the trendline, if the price creates a reliable bearish candlestick when closing at this period I would still consider this trendline accurate and expect more bearish movement before the actual breakout. The RSI is still relatively low, although, it has been following price action quite well so there is not much that can be told from it aside from the fact that it was oversold last night and a breakout now is possible.
Important Resistance Levels: 0.067250, 0.064936
Important Support Levels: 0.062534, 0.060676
DISCLAIMER
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CONFLICTS OF INTEREST
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Written by:
Arham Bheda
Senior Research Analyst
DASHBTC confluence @ 0.0620AB=CD with fibs 0.886 and 2.0 hitting the 0.0620 level along with two different support lines (one horizontal and one diagonal). As usual MACD divergence as well as oversold on RSI. Possible reversal coming up.
DASH DASHBTC
Think it will go by red arrows, but another option we must consider by blue. In conclusion - u take profit in each ones!
DashPay Evolution Wallet Livenet Release (February 2018)
Evolution v1 - Mainnet (June 2018)
github.com
Dash/BtcDash just broke out of its triangle and now has the 100/200 MA's/fib/ichi as support. A good buy opportunity.
Stop loss should be at the bottom of the red triangle.
DASH SHORTDASH TRADE
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Trading the downward trend.
Dash has been trading sideways within the last year.
This asset has really low community support due to its corrupt beginnings. As a result I think its growth will be very limited. Long-term, I think investors will be wary of this and money will flow to other currencies.
Sorry dash.
*My opinion, not based on any particular event moving forward.
Entry:
Downward trend line resistance
Exit:
There is a lot of structure and no clear dominant support if it falls. Will take small profits at each green zone downward.
1st @ 30% 2nd @30% 3rd @40%
Risk:
1. Position size limit 10%
2. S/L & Liquid price = Previous trend resistance
Reward:
Approx 2 @ first take profit
DASH/BTCGood entry point for short-term trade. W bottom. Resistance at the Ichimoku Cloud (1hr). Exit at Resistance line.
DASH ANALYSIS FEBRUARY 15 , 2018Prices are now in a descending channel and several times a strong resistance level has been tested between 0.07692000 BTC
And 0.07330000 BTC prices rebounded back to a strong support level that has been tested more than once between 0.06330000 BTC and 0.06330000 BTC prices rebounded from it.
There is a bullish sub-line that has been touched. The first possibility is that prices will respect the ascending trend line and penetrate the resistance area we mentioned
Prices gradually go to
0.07692000 BTC
0.07900000 BTC
0.08200000 BTC
0.09100000 BTC
The second possibility is a fall in prices to the support area between 0.06930000 BTC and 0.06330000 BTC
To bounce back prices rise
Keeping an eye in this pattern, i seen it on monero as well.Curious how this pattern will resolve. My guess it will break down, but lets see.
$LTC + $DASH + $XMR comparison #Litecoin just broke out and is looking very strong.. if we gonna close here, Fibonacci extension 8 is likely to hit - around 500% .. why? cuz its is looking like $LTC is following the path of $DASH + $XMR ..
