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dongwon0308
Apr 12, 2018 5:21 AM

DASH - Long term: Multiple Scenarios Long

Dash / BitcoinBittrex

Description

Green = Bullish Scenario (Highly Unlikely - approx. 5% chance)
Yellow = Unbiased Scenario (Extremely Likely - approx. 70% chance)
Red = Bearish Scenario (Somewhat Likely - approx. 35% chance)

Dash likes to aggressively spike on the way up and down. Hence, you need to be in the trade before the breakout.

The support and resistance zones, visualized with rectangles, are your accumulation and distribution zones. These levels can be used for ping pong strategies.

As of today, the best trading strategy to trade DASH is to scale your buy orders (give more weight to lower prices), and to stay in the trade until it enters the resistance zone which is your sell target. This will take less than 4 months.
Comments
OBR
Looks green so far!
dongwon0308
@OBR, Green AND yellow :)
OBR
@dongwon0308,

Ohhhhh I see it now! Had a bad case of Bull mode tunnel vision.

I take it the yellow and red scenarios are for when BTC drops back down?
dongwon0308
@OBR, Yes :)

But I wouldn't consider yellow to be a bearish scenario. Rather it gives us just enough time to accumulate and dollar cost average it, as opposed to the green scenario which would force us to market buy in the middle of the run, which I particularly dislike, especially in an aggressive coin like DASH.

I have a small position in DASH right now, which I'll be adding onto as it drops into the support zone.

Good luck!
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