Quickpost: Dash to more than double before next major pullback

Greetings, a lot is shown on the main chart and there will be one more chart in the post.

Analysis
Nested structures are performing

• Falling wedge target is Hight of the wedge
  
• Triangle target is just shy (measured moved not shown for simplicity sake)
  
• Flagpole Target will get us most of the way to full target at the orange trendline
  
• 9 Season Rainbow explained on the chart. Deeper explanation found here
  

Wider Shot (monthly)

• MACD EMAs about to cross bullishly
  
• My training and experience leads me to see a rejection/consolidation at the orange trendline
  
• Likewise, expect the orange trendline to be broken and then tested as support
  
  

Closing remarks

• Money is:
  
• Store of value
  
• Divisible
  
• Fungible
  
• Unit of Account
  

Bitcoin seeks to be money with an emphasis on store of value. Other coins want to be money but don't empahsize the store of value, they focus on the the fungible/divisible aspect. These are the currency coins and when BTC slows down they will take off as a replacement currency for failing fiat. Just as the normal pattern is for Gold to move first and then silver to over-perform, BTC moves first and then the currency coins like Dash move later.

Comment:

Dashusd has mounted the midline of the bollingerband. I expect to see brief consolidation here (perhaps around 5 days) before the price action begins to bully the daily bollinger band higher up. We are coming up to target 1 which is were we would expect to see a threat of a double top, or people selling out because they see the treat of a double top.

My most optimistic target for this move is going to be on a wick above the orange trend line as shown in the monthly chart above.

Comment:

Dash continued to wind up for its next move and it is under my Target 1 zone as shown in the main chart. I was wondering why it was not moving so I pulled up a set of my favorite indicators for swing trading and set the resolution to 12 hours and we can see the price is getting compressed between the MTF Vstop set to a multiplier of 3 and the 20 period SMA. Normally I also show the normal VSTOP to dynamically chart support and resistance or double Vstop support or double VStop resistance but that isn't shown right now.

If we are in the same falling wedge fractal we should not see the 20 period SMA fail and when we get past the MTF VSTOP at 253 Dash should never return to these levels ever again.

A break of the 20 period SMA on the 12 hour, or failure to break the MTF Vstop at 253 would be a model failure of disastrous proportion for Dash's future. But we still have a few days and the news and fundamentals are positve.

Comment:

Things are progressing nicely on the trade. In the lower chart I snugged up my stops and added to my margined long position at the filled orange triangle. Target is still above 400 and optimally above 500. I still think once price action clear 255 we should begin in earnest.

Comment:

I am still holding my long position. I was hoping for a break out of an ascending triangle I drew but I left my self well-margined and it seems that was a good call.

Now looking for a W pattern / Double bottom and with this being a bull market I expect to at least being able to close for a small loss at the top of the BB if I can't get into the money. I don't see price action going to far the BB. There is still a chance the price action creates a channel and we retest 190 again after going to 240-250, which would be annoying.

Comment:

We have reached target zone 1 and I closed my long which I opened at 248, cycled my profits and re-opened that way the time on my margin trade is restarted. In the cycle we are roughly at the orange circle. Should see some massive green candles soon.

There are going to be a lot of entries and swing trades for the aggressive. But IF (and I say IF) I am right this will be one of the last couple of days you can buy dash below $300