DSHBTC trade ideas
Dash hitting 18 Month Low, ignoring the Mass Adoption.Since September 2018, Dash has reached mass adoption, accepting over 3,600 merchants worldwide. This is an astonishing achievement by the Dash team as the main criteria for cryptocurrency growth is the actual use case. With Dash, it is clear that over the long term price is more likely to increase, rather than continue trending downwards. Just consider the fact of the massive growing adoption potential if Dash will continue to add merchants at this rate.
The paradox is that while Dash is getting massive exposure and increasing number of partners, price remains at low levels. It’s like all good news are being ignored by the market and seems like Bitcoin is still dictating the pace to all altcoins. Perhaps when BTC will start producing higher highs and higher lows, Dash will outperform Bitcoin and many other Alts, just based on the current usecase.
On the 22nd of August Dash has reached 18 month low, hitting btc 0.02. This is a substantial decline from the all-time high, which has resulted in a 83% loss to Bitcoin. After hitting the low, Dash has moved up and broke above the descending channel, followed by the breakout of the btc 0.03 resistance. However at the btc 0.033 high, RSI oscillator registered a bearish divergence and DASH/BTC entered a consolidation phase.
Currently Dash is trading between btc 0.025 support and 0.030 resistance and obviously lucking high trade volume that would enable price to move in any direction. Nevertheless, the btc 0.022-0.025 support area could be price range where trading activity will pick up, and bulls might start buying Dash. However, as the major trend is down, break below the support is possible, making Dash a risky purchase at this time.
Watching the trade volume along with the resistance breakout should help investors to determine short and medium term trend. If price breaks below the btc 0.022 support, Dash could fall down to btc 0.01 support area. But, on the other hand, daily break and close above the btc 0.033 resistance could trigger buy limit orders, pushing price up to btc 0.044 or 0.060 resistance level.
Support:
1. 0.025
2. 0.022
3. 0.012
Resistance:
1. 0.033
2. 0.044
3. 0.060
Dash/Bitcoin Long Play
Daily at a glance - The daily chart looks like it is finding support on a horizontal TL and the bottom of the Ichimoku cloud. Rsi is neutral, all other oscillators bullish.
This is the target for a bullish move from here, based off of horizontal and Ichimoku edge to edge.
Possible reversal zones are red horizontals, these come from volume profile points of control, and have provided resistance and support in the past. The two red highlighted boxes are the zones I would plan to hedge short.
Dash Triangle Dash looks like its going to test resistance again, I think it will go back down to support since the triangle has someways to go. Also the volume is in a downtrend.
All in all I believe you could make .95% on the up and then catch the bounce off of support back up.
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DASH/BTCCan the bulls protect support?
The late August pump looks pretty inefficient and price does like to fill voids as my good friend Ribz would say.
Don't be surprised if this one falls through. Good risk management needed at all times.
For more detailed information, live chat and analysis join the Tradrz Discord in my profile.
DASHBTCDASH is going sideway for some time, using 0.382 Fib level as support. I'll try to catch it when (if) it comes to this level again with stop loss bellow previous low (plus some space for breath), aiming at three targets - previous high, level 1 and level 1.618 Fib extension of last bigger wave.
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
DASH, OPORRTUNITY?Despite the fact that we don't really know 100% where the price is going to be in the near future, we can use historical data to assume where is going to be (and bet)
this chart formation is one that I use to encounter and take advantage of really often.
Dash- Extremely strong coin with excellent breakoutHi Fellow Traders,
Lets look at Dash, a coin which has had massive gains from 2016 to 2018. If i remember correctly this coin went from $4 to $1500 in that period, these values are estimate if i remember correctly but you could check and see for yourself. Now ever since Feb of this year all coins took massive hits including Dash, and what is exciting about this is we have a new opportunity to buy Dash at a cheaper price. So lets take a look at technical analysis of this coin:
1) Divergence on Rsi and MFI on daily chart which is a extremely strong indicator of a possible trend change
2) The directional movement indicator is showing the DI- falling from above the 40 mark, which also adds to the directional change of this coin and also the ADX line also falls from this 40 mark also adding more strength to the idea
3) The massive breakout from the downtrend with much higher volume is also extremely important
4) The retracement after this initial breakout has higher lows with lower volume with more green candle volume which shows how strong this run might be.
5) You can also the Dash/Usd pair and see for yourself that we have reached the start of the fifth wave of the last price run for dash, this is usually a strong point where downtrend might end, although not always the case just remember that.
Put a stop loss 15% of entry point
REMEMBER
In Technical analysis we try to increase the probabilities of success, so be open to new information and being able to adapt to the constantly changing market.
Successful Trading
Crypt1c_one
$DASH, Easy Love…
Weekly
Looking at our trend timeframe we see price continuing to respect our downtrend, stochastic rsi showing momentum is in favor of bulls. Last week’s candle showing a little of exhaustion, will take a look at smaller timeframes for entry.
Daily
Shifting over to our pattern timeframe we see resistance has been found at 3071650 satoshis, stochastic rsi showing momentum in favor of bears. A daily close above 3071700 activates our trade, however if rejected at this level expect our sell off to continue towards the bottom of our trend at 2000000 satoshis. Until then we sit on our hands, and let price do it’s job = Easy
DASHBTC - 4H - UpdateDASH reacted strongly to the 0.021 demand level with one of the highest volume days ever! Since then, it has continued to trend higher tapping the demand zone around 0.0255 before resuming its uptrend.
It has run into resistance here and is having trouble closing above this supply zone. If the daily candle can close above here, we can expect a continuation of the trend higher. However, if BTC does continue to breakdown, we can enter a short position on a break of the triangle and target the 2 demand zones below as initial targets.
Stops would be placed above the SFP high on that previous attempt to break above and if we do get a fakeout lower, we could chase the upside move with BTC momentum above 6600!
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DASH BTCStructure/Trend: This market saw a fast rise in price on the 28th of August to 0.026482, from there on the trend went further bullish and then bearish on the 30th of August which would later form a Support line within the price 0.026012. There was a bullish move in price on the 1st of Sept, breaking a higher Support line from the previous but leading to a Resistance level that would later be retested at least 5 time up until date. Just before the 6th of September the initial Support was tested and retracted price forming a kind of rising wedge move. From this point on Support and Resistance levels were constantly tested. A Triangle Patter formed from the 13th till the 17th.
Hypothesis: Bothe the RSI and BB interpret the same thing in that the price seems to be stable at this moment, there is no particular uptrend or downtrend. On the parts of the EMAs both the EMA 200 and 50 are currently under the bars which means there could be a rise in price pretty much soon, also the EMAs just crossed path which could lead to a bullish cross over.
Confirmation/Tell: If the RSI line were to touch the lower band, that would be a good time for a buy in this market, also if the price bars were to touch the lower band, it would be a good time to enter the market with a buy. This period being one where price is constant according to both RSI and BBs, would not be advisable to buy coins.
Targets: The Entry Point in this market being 0.029939, the Stop Loss is placed just below the 2nd Support Line at price 0.027688. The Target Price is placed at 0.034811 above the highest Resistance, being a very optimistic price. The R/R ratio is placed at 2.53
Daily Bullish Signal #DASH #DASHBTC (17-09)As DASH signal on my channnel, DASH has actioned so good
#DASH (DASH/BTC)
Buy : 292
Flash Sell : 300
Short Sell : 310
Long Sell : 320-330-340-350-360-380
Stop : 280
Follow me for more signals daily
PM me if you need help or learn to trade
DASH in start of C of 2?Looks like we may be entering a channel downwards. Targets marked.
Make you you do your own research and never only trade because of someone else's idea!
There is a probability of resuming the uptrend in DASHBTCTechnical analysis:
. DASH/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 56.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.02900000 to 0.02554900). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.02900000)
Ending of entry zone (0.02554900)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.03231000
TP2= @ 0.03683900
TP3= @ 0.03998000
TP4= @ 0.04289000
TP5= @ 0.04590800
TP6= @ 0.05106000
TP7= @ 0.05947300
TP8= @ 0.06485800
TP9= @ 0.07678600
TP10= @ 0.09200000
TP11= Free
There is a probability of resuming the uptrend in DASHBTCTechnical analysis:
. DASH/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 56.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.02900000 to 0.02554900). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.02900000)
Ending of entry zone (0.02554900)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.03231000
TP2= @ 0.03683900
TP3= @ 0.03998000
TP4= @ 0.04289000
TP5= @ 0.04590800
TP6= @ 0.05106000
TP7= @ 0.05947300
TP8= @ 0.06485800
TP9= @ 0.07678600
TP10= @ 0.09200000
TP11= Free
DASHBTCRecently, DASH has been growing steadily, but against the backdrop of a growing dominance of the BTC, we can see the asset correction at 0.382 and 0.618 Fibonacci levels. If we break through the current level of resistance, it's the channel of the downtrend, there will be the possibility of movement for further upward movement to the next resistance #2
