Dash is currently under the major trendline, yet is forming a similar pattern (1) I believe price will come up and sit above 2.618 (just below the major trendline) And then smash through the trendline (as indicated by the bars pattern)
How will a potential bitcoin bear cycle influence your idea?
If bitcoin fails to do anything close to an uptrend, how do you see this idea work out?
Bixley
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@testertje777, I dont think BTC is in a bear cycle yet, just a pullback before the final move up
testertje777
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@Bixley, the thing is that pullback can take a pretty long time, that's what's called a bear market, even though be it a shorter one this time in the best case. We are straight in it right now.
As long as volumes are dried up and there's not really a liquidity event that has taken place, I'm wondering what will trigger a next bull phase at this point already.
Dash did make some moves yesterday, but it was very obvious this was a p&d, which is also not really of a bullish sign.
Anyway, hope you will be right, but as long as bitcoin is doing what it is doing right now, I don't see such an aggressive move upwards happen just yet for dash.
inevitable.