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godware
Oct 24, 2021 11:46 AM

DASH slashing the KING? Long

Dash / BitcoinPoloniex

Description

Dash has been underperforming bitcoin ever since the 2017-18 bull run just like all legacy cryptos.
Right before the 2021 alt-season, it had a few weekly wicks down to the 0.0025-27 area and dropped 20% lower than where it had last visited briefly back in 2014.

While BTC was breaking ATH, DASH put in a local low (the green zone) and was supported exactly at the 2014 wick.
I believe the weekly candles are going to turn green in the next few weeks/months and the current zone is the lowest it could go this cycle.

That said, I converted some of my BITCOIN to DASH just to catch this possible bullish scenario.
Comments
testertje777
I was also wondering if legacy altcoins will ever make moves again. Completely lost hope. They are just too stuck in their downtrend.
godware
@testertje777, yeah they go up in dollar value but they won't stand a chance against bitcoin
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