To add to my earlier analysis and raise the bar. Dash is probably a month or so behind Ethereum in the market cycle and seems to be mimicking with uncanny accuracy. Ethereum right now shows multiple similarities to bitcoin in early 2017. This is a slightly absurd call on the surface but if you dig a little deeper into Dash's development cycle, fundamentals and general stealth-ness it's more than possible. Two things needs to happen for it to play out.
1. Bitcoin needs to reach north of 200K 2. Dash needs to reclaim it's market capitalisation position amongst the big caps (top ten). Ultimately a big trend reversal on the Dash/BTC chart.
If these two things can happen then there is a positive expectancy of 20K! Bitcoins market strength is unreal at the moment.
If 2017 is any metric to go buy we will see crypto prices reaching far beyond our imaginations like they did in 2016-2017. No one saw that coming, none of us who were buying in 2016 - early 2017. No one could have ever imagined it would play out as crazy as it did. I'm yoloing into this call and will be averaging my other positions in over the next few weeks. See you at the top, f**king send it.
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*If the parabola breaks, bull run over and a -70+% bear market will follow.
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$310 and a ton of volume might see $500 before a pull back.
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No.28 Mcap.
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Consolidation, I've added more @ $220. Market showing a large selloff with a relatively strong buy reaction today. Not convinced at these levels, could be more pain before up.
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$200 was a big test of strength, good sign that we retested it and bounced. Confirmation that we are now out of the bear market cycle. $200 should serve as the floor going forward. If we drop below that then max pain. If we stay above it's 'up only'.
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If we close on the daily below $200 it's possible we will retrace to around $150 before up again, unlikely but possible.
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Oh, that aged well, we've broken $190. We could see $150 for max pain.
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Just about managed to close above $190 as long as we can stay above $200 we are good.
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Big volume, way more bids than asks across all markets. I would expect the next flurry to get us to $600, should be underway any day now. Then a correction back to 400ish.
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Big move coming any moment now, I'm leaning towards a bullish move but ready just in case.
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FYI this is not a chart to look at for volume indication. It is not representative of the market as a whole, polo has no volume and has been decaying as a market for years. I only use polo because it has the furthest back data.
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Just about holding above 200, I would like to see it break above 300 before we can really start getting excited. If we can't stay above 200 then will be months of ranging around 150. If we can get over 300 then all is on for a June/July ATH.
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Waiting on the green line, imho right now its not looking like we will break until the around last week of April. So maybe more sideways until then. Once the green line is broken I doubt we will see below $250 ever again.
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Might be $200 again before full lift off.
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It's still on don't sell, we good.
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I think this is next, we have retested the floor
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1st bit of major resistance @ $180. Get past that and we are out of it. Big day today, going to want a big green candle on closing of the daily. Onwards and upwards 🚀
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Blew past 215, everything where it needs to be. Waiting bitcoin to get north of 42K.
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Well we've tested the long term support/last line of defense it would be bullish if we can close today above $170 if not we are going to need a big next few days to get up and out of the danger zone.
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🟥= bi-yearly support/resistance 🟪= parabolic advance 🟦= yearly moving average If we keep closing above all three then there is no reason to be bearish, stay neutral.
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Looking for ^$185 today 🚀
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Feeling good, but need $205 soon to be out of jail. Some resistance at $180.
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Expecting a bounce to 200 over the next week. Need to get over 200 to be out of danger.
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bouncing
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Parabolic support has broken, may become resistance moving forward. This pull back is of a similar nature to the last one mid cycle in 2016. As things progress it is still rhyming. Still expecting BTC to break new highs this year. If so this is a likely scenario. Still bullish and will keep buying all the way down to 100. That is the last support. And IMHO its unlikely.
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Big few weeks ahead should see some decent upside: avg. block size, miner revenue, hash rate, cost per transaction, exchange, trade volume, number of transaction. all confirm a large bullish bias.
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Bullish engulfing and a large one at that, if we can finish the week around 200, then we have seen the worst of it.
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Not a bad close on weekly, would have liked less of a wick on the top. This week is important, super bullish if we close above to wick of the previous candle. Which is at $178. I think we will. If we close under $130 expect more downside.
@Mozzi111, $500 July maybe and yes I would imagine around the end of the year for the peak.
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@cryptodavinci, ATH has to come before summer. I was thinking $500 in march lol
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@Mozzi111, Well let's hope lol. But, it would give more time to accumulate.
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@cryptodavinci, your prediction looks excellent tho. I am going for a realistic prediction of 5k, but I think we go way higher.
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Do you think that DASH will perform the same as in the previous bull runs?
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@positic_, It wont repeat itself but it will rhyme. The scale and velocity will be different from before but the sequence probably will be the same. I look at Dash as being one and a bit cycles behind bitcoin. Now, if this run is similar to the last one, a previous ATH of 1.2K to 20K isn't too difficult. With these cryptos the longer they've stayed in the top the stronger they are. Dash has had a massive drawdown from last ATH. I'm buying because I think it's undervalued compared with the rest of the market, and I believe the project has a chance of long term adoption/success. To answer your question: Not quite but similar.