$DASH, Nice recovery from ATL BTC Support(Binance)$DASH
Nice recovery from ATL BTC Support(Binance)
Currently trying to break from a descending channel w\ inminent target at ~860k
MACD Bullish divergence
UCTS Buy signal on the 8H
Cross over EMA50
If next level is crossed/flipped, then aiming for a 2nd target at ~930sats
#DASH
Dashbtc
DASHBTC has formed a bullish BAT | Upto 605% expectedPriceline of Dash / Bitcoin cryptocurrency has formed a bullish BAT pattern and entered in potential reversal zone.
Now the price action is hitting the Strong support of 0.01005008 sats which is not broken since Jun 2016.
In the meanwhile the MACD is turning bullish.
Stochastic is also in oversold zone.
I am expecting the next candle stick will be moved back into PRZ area so for secure trade we can wait for next candle stick and then buy.
I have used Fibonacci sequence for targets:
Buy between: 0.02685690 to 0.01435586
Sell between: 0.05662192 to 0.10132215
Regards,
Atif Akbar (moon333)
What December 2015 may tell us about Altcoins right now.Comparing the markets to Q4 2015, BTC/USD broke out, ending the bear market, confirming multi-year bull market. But with The Halvening several months out, BTC historically seems hesitant to continue moving up, thus in consolidation mode. Where does that new money go to? Looking back, the best time to start buying altcoins was during this period, more specifically December 2015. Jan thru May 2016 was the "test pump" that birthed what we know as the 2017 craze. It was the alt season before the Alt Season. These were fantastic buy + hold positions for a year or two.
I can't predict the future, so I can't say whether BTC will move sideways for the remainder of the year, or will surprise everyone and retest the ATH soon. But based on history, it is more likely that we'll move sideways, thus getting into long term altcoin positions is not a bad decision at this point. Does NOT mean your ALT/BTC pair won't dip 50% from here, but it does seem like that is the worst that will happen, if you can stomach it.
I'm seeing several ALT/BTC charts on the weekly that are extremely oversold. Bitcoin Maximalist gloating is going parabolic. Even the most shitcoin-degenerate folks (also known as "community members") on the internet are starting to capitulate. Buy when there's blood on the street folks! Either you believe it or you don't, but markets do not change as long as humans are fearful or greedy!
DASH - Support Found? Divergence On The DailyWe believe that DASH is at a key area of interest. Possible area where support has been found. This does depend on how BTC reacts. It has to consolidate to see a possible rise in Alt-Coins.
Check lower-time frames for further confirmations but a big divergence in the RSI could be key here.
Long Dash/BTCAltcoins/BTC are crazy oversold. Bitcoin dominance is way too high considering all aspects.
Bitcoin finally looks like correcting and consolidating for a while - which would be perfectly healthy.
Altcoins/USD looks like ready for solid move.
This looks like the time to revive altcoin market. Most weak hands already sold on the way to the bottom.
Cheers!
$DASH Sitting at ATL BTC Levels in Binance... $DASH Sitting at ATL BTC Levels in Binance...
For now set alerts and wait for signals of reversal (IF happens).
UCTS Sell signal active on 1D/2D charts, (~26% down)
Falling from here, will lead us to look at other exchanges levels (Polo for example) for support levels..
#DASH
There is a trading opportunity to buy in DASHBTCTechnical analysis:
. Dash/Bitcoin is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 46.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.01909000 to 0.01657500). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.01909000)
Ending of entry zone (0.01657500)
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= @ 0.02261000
TP2= @ 0.02491000
TP3= @ 0.02771000
TP4= @ 0.03307000
TP5= @ 0.03686000
TP6= @ 0.04326000
TP7= @ 0.05977000
TP8= Free
There is a trading opportunity to buy in DASHBTCTechnical analysis:
. Dash/Bitcoin is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 46.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.01909000 to 0.01657500). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.01909000)
Ending of entry zone (0.01657500)
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= @ 0.02261000
TP2= @ 0.02491000
TP3= @ 0.02771000
TP4= @ 0.03307000
TP5= @ 0.03686000
TP6= @ 0.04326000
TP7= @ 0.05977000
TP8= Free