Trend lines are converging, BBands pinching. Took a long position w high Stop Limit, 'natch. Dash's market cap still low compared to the amount of visibility and R&D they are socializing. I love how transparent they are, how many YT vids they publish, the many public meetings and webinars they make. Overall very likable and open with clear goals and strategies...
TA is actually pretty simple here: 1) Bollinger Bands analysis - notice how the price was three times outside my BBs (21), marking a special condition of the market. That condition is called mass hysteria and it always calls for some kind of correction, which must lead us down enough to compensate previous strong bullish euphoria or speaking more technically -...
Daily candle crossing below the 50D EMA similar to May 19th, 2016. Price could dip possibly to $628 and move up throughout the week.
BBands on traditional markets are default set at 20 and per John Bollinger, he found this to be the best setting. This gives the bands a 20 day SMA, thus capturing a month of trading. 9 to 5 trading, 5 days a week, 20 days/month However, Bitcoin may require a change of this setting to 30 because it is traded 24/7. 24/7 trading, 30 days/month. Chart is annotated...