DASH is my baby and I will take this to the moon win or lose....Honestly, I see a straight shot to $140. and hopefully will take off without the hype...Unfortunately, I gotta wait a bit before i can hop in. I really think Dash is what Tesla was in (2003). Bitcoin, ETH, and LTC are reigning supreme now. However, a coin formrlry known as "darkcoin" is now a DARKHORSE. I don't want to get too technical but I think they have the most advanced system out of them all after a little research. Quickest transfers and accessibility processes. They just don't have much backing right now.
What do you think?
DASHUSD trade ideas
DASHUSD Bullish Set-upThe Dash/Usd is above the 50 RSI level, bouncing from 100.00 zone. It is bullish towards 113.105 to reach 116.994
.
Khiwe
At this profile page, the shared analysis, ideas and also, the strategy of a chart belong to Khiwe with some being influenced. The technical set-ups are speculative, they are not guaranteed for accuracy or in completeness in the form of any content; -it is not to advice on financial markets. Please apply your own analysis and confirm it with price action.
DASHUSD: Can Cryptos Really Grow?Technically, Yes!
Fundamentally: Based on a research by Oxford University in 2017 by Dr. Garrick Hileman & Michel Rauchs following information was provided:
KEY HIGHLIGHTS OF THE STUDY:
โข The current number of unique active users of cryptocurrency wallets is estimated to be between 2.9 million and 5.8 million .
โข The lines between the different cryptocurrency industry sectors are increasingly blurred: 31% of cryptocurrency companies surveyed are operating across two cryptocurrency industry sectors or more, giving rise to an increasing number of universal cryptocurrency companies.
โข At least 1,876 people are working full-time in the cryptocurrency industry, and the actual total figure is likely well above two
thousand when large mining organizations and other organizations that did not provide headcount figures are added.
โข Average security headcount and costs for payment companies and exchanges as a percentage of total headcount/operating
expenses are similar, but significantly higher for wallets.
EXCHANGES
โข The exchanges sector has the highest number of operating entities and employs more people than any other industry sector
covered in this study; a significant geographical dispersion of exchanges is observed.
โข 52% of small exchanges hold a formal government license compared to only 35% of large exchanges.
โข On average, security headcount corresponds to 13% of total employees and 17% of budget is spent on security.
WALLETS
โข Between 5.8 million and 11.5 million wallets are estimated to be currently โactiveโ.
โข The lines between wallets and exchanges are increasingly blurred: 52% of wallets surveyed provide an integrated currency exchange feature, of which 80% offer a national-to-cryptocurrency exchange service. In contrast with exchanges, the majority of wallets do not control access to user keys.
PAYMENTS
โข While 79% of payment companies have existing relationships with banking institutions and payment networks, the difficulty
of obtaining and maintaining these relationships is cited as this sector's biggest challenge.
โข On average, national-to-cryptocurrency payments constitute two-thirds of total payment company transaction volume,
whereas national-to-national currency transfers and cryptocurrency-to-cryptocurrency payments account for 27% and 6%,
respectively.
MINING
โข 70% of large miners rate their influence on protocol development as high or very high, compared to 51% of small miners.
โข The cryptocurrency mining map shows that publicly known mining facilities are geographically dispersed, but a significant
concentration can be observed in certain Chinese provinces.
- Well! Now, how many more people are getting more & more geared up with the industry?
- How many more can be estimated?
- How many institutions are seriously considering the industry for investment & transactions?
These are important to be addressed.
What do you think?
Dash is looking to test lows hereThe short side in DASH is looking to be most probable for a retest of lows here. A good risk conscious trade scenario could be to short 104.50 with a stop loss at roughly 106.50 to target 95.90's for a monster 1:4 risk to reward ratio. STX is also looking to be more probable on the short side.
DASHUSD H16: 35% gains BEST level TO BUY/HOLD(SL/TP)(NEW)DASHUSD H16: 35% gains BEST level TO BUY/HOLD(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
previously recommended buying low.
๐ธ Summary and potential trade setup
::: DASHUSD H16/candle chart review
::: updated/reviewed outlook
::: almost ready for BUY/HOLD now
::: seek to BUY from my level
::: TP Bulls +35% gains
::: hybrid H*S BEARS setup in progress
::: BEAR setup, however BOUNCE required
::: we are closing in on NECKLINE LEVEL
::: focus on buying from NECKLINE
::: 35%+ gains still possible
::: currently no trade recommended
::: BUY/HOLD setup TP +35%
::: BULLS will target RS of HS pattern
::: up to 35% gains possible off the lows
::: SPECULATIVE SETUP
::: do your own due dill
::: and use proper risk management
::: TP bulls is +35% gains
::: details: see chart
::: FINAL TP is 35% gains
::: SWING TRADE: BUY/HOLD IT
::: bull run not over yet
::: good luck traders!
::: BUY/HOLD and get paid. period.
๐ธ Supply/Demand Zones
::: N/A
::: N/A
๐ธ Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS/BOUNCE
::: Sentiment short-term: BEARS/NECKLINE
DASHUSD D3: 35% gains BEST level TO BUY/HOLD(SL/TP)(NEW)DASHUSD D3: 35% gains BEST level TO BUY/HOLD(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
previously recommended buying low.
๐ธ Summary and potential trade setup
::: DASHUSD 3days/candle chart review
::: hybrid H*S BEARS setup in progress
::: BEAR setup, however BOUNCE required
::: we are closing in on NECKLINE LEVEL
::: focus on buying from NECKLINE
::: 35%+ gains still possible
::: currently no trade recommended
::: BUY/HOLD setup TP +35%
::: BULLS will target RS of HS pattern
::: up to 35% gains possible off the lows
::: SPECULATIVE SETUP
::: do your own due dill
::: and use proper risk management
::: TP bulls is +35% gains
::: details: see chart
::: FINAL TP is 35% gains
::: SWING TRADE: BUY/HOLD IT
::: bull run not over yet
::: good luck traders!
::: BUY/HOLD and get paid. period.
๐ธ Supply/Demand Zones
::: N/A
::: N/A
๐ธ Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS/BOUNCE
::: Sentiment short-term: BEARS/NECKLINE