I want to compare the responses of XRP and DASH, because I feel it highlights that there can be more effective choice in what you choose to buy when it comes to long trades. As saw today, BTC and the rest of the cryptos surge after the dip we experienced two days ago. We ended up with basically a double-top (although I'm not discounting another surge just yet. It depends on how well the prices hold, but for now, the stochastics are heading down), but some cryptos did better.
So if you'll take a look at XRP and then compare that to DASH, what you get is where XRP floundered, DASH took the first place in the major ALTs as the guy to beat.
I feel like this should be said, too. Loyalty to one coin may be good, but being able to evaluate the conditions may tell you which coins will strike the at certain times. XRP was that last week. Then late last week it was ETC. Now it's dash. And the important thing is not the coin itself, but to recognize the buy setup.
You'll see, that the trendline that was at the bottom for XRP was very difficult to define. There was no three point confirmation of anything except for a very steep correlation between the top of the last high of XRP and the subsequent bumps.
But then you have DASH. And DASH, right off the bat had a beautifully defined rounded hill as it's first opening after the drop. Then, the subsequent highs basically then meshed into basically a line while the lows got higher and higher until the price busted the line at about 140ish.
And in retrospect, I get why the call it a bull and a bear market. Bears are slow and they walk directionless, with no real purpose, right? Bulls, well if they want to get to a place, they take a B-Line to get there.