... used for accumulation and distribution into other alt coins and BTC. I also explained this quite well in a previous publishing on "AUGUR" (REPUSD).
The chart below is a link to my AUGUR/USD Publishing:
ADDED ETHBTC POLO to the DASH CHART FOR COMPARISON.
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I'M NOT creating a new publishing on this one. I wanted to show everyone what is going on with Dash in US Dollars. I'm seeing support, which would indicate the potential end of a Selling Climax. I've already bought in low. I'm simply accumulating some more for the highly likely MARK UP that appears to be coming.
If BTCUSD goes up in US Dollars the same time DASH USD does, this means the price of DASHBTC will remain the same. Do you know what that means? DO NOT MISS SELLING YOUR DASH FOR US DOLLARS. You can keep the BTC if you like but it's good to be diversified and also have some US Dollars. Just Saying... Do not be "All In" on a coin. DIVERSIFY DIVERSIFY DIVERSIFY
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If it ends up going down in US Dollars from here AND BTC also goes down in US Dollars, you will be at very little loss, if any, if you bought DASH with BTC and/or SOLD DASH in BTC.
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However, you did lose some US Dollars if it went south. I'm in on this one.
IF you still follow the Publishings I have already created on many coins, I will keep them updated. I'm NOT going to create new publishings for now that would create a lot of competition for me.
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Also, DASHUSD is currently down 13.91 percent at this typing. I believe blood is in the streets and it is time to buy on this one. I'm most certainly long for this Automatic Rally to come.
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This can also be seen as a Double Breakout with a Double Throw Back that is normally followed by a MARK UP to wash, rinse & repeat.
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HOLD THAT ENTRY; WAIT FOR FURTHER CONFIRMATION:
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BETTER SAFE THAN SORRY.
Waited a little bit longer into this 2h candle and did not like what I was seeing. We could actually have more downside in USD. Which means we could potentially have more downside in BTCUSD.
So what if DASHBTC remains the same, WE WOULD LOSE US DOLLARS.
Having a look at BTCUSD IN 2h now.
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2h BTCUSD has me concerned as well. Not looking good...
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Just no clear confirmation yet of reversal. I'm skittish and sold mine at a 0.6% loss (less than 1%).
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Excuse me: 0.6% gain. hehe
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minus 0.02% fee of course.
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BTC showing a little sign of reversal in 1h but not confirmed yet.
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Congrats to those who stayed awake and made this trade I recommended watching for.
I got too damn sleepy. Fell to sleep... Only to wake up and see it do what I said it would probably do. hehe
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I recommend keeping a CLOSE EYE on DASH/USD rather than DASH/BTC. WHY? To protect your USD Capital. Not sure if your oder would be filled in DASH/USD if there was a flash crash. You would have to sell large orders in DASH/BTC. However, if DASH/USD is crashing, BTCUSD has already done so beforehand or it is a sign it's about to.
If you are not as concerned about your USD Capital and are willing to simply accumulate more BTC to store for future value; then by all means, trade DASH in BTC's.
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Also, if the dumped DASH for USD once again, they could be simply re-distributing the USD to XMR and/or BTC. It would not necessarily mean BTC is going to dump if DASH dumps. Just saying...
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WyckoffMode
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I recommend keeping a CLOSE EYE on DASH/USD rather than DASH/BTC. WHY? To protect your USD Capital. Not sure if your oder would be filled in DASH/USD if there was a flash crash. You would have to sell large orders in DASH/BTC. However, if DASH/USD is crashing, BTCUSD has already done so beforehand or it is a sign it's about to.
If you are not as concerned about your USD Capital [For not needing to draw from it quickly] and are willing to simply accumulate more BTC to store for future value; then by all means, trade DASH in BTC's.
slakeco
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XMR is in play too.
WyckoffMode
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@slakeco, agreed... It's getting primed for a MARK UP
If you are not as concerned about your USD Capital [For not needing to draw from it quickly] and are willing to simply accumulate more BTC to store for future value; then by all means, trade DASH in BTC's.