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.
บันทึกช่วยจำ
*If the parabola breaks, bull run over and a -70+% bear market will follow.
บันทึกช่วยจำ
$310 and a ton of volume might see $500 before a pull back.
บันทึกช่วยจำ
No.28 Mcap.
บันทึกช่วยจำ
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.
บันทึกช่วยจำ
$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'.
บันทึกช่วยจำ
If we close on the daily below $200 it's possible we will retrace to around $150 before up again, unlikely but possible.
บันทึกช่วยจำ
Oh, that aged well, we've broken $190. We could see $150 for max pain.
บันทึกช่วยจำ
Just about managed to close above $190 as long as we can stay above $200 we are good.
บันทึกช่วยจำ
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.
บันทึกช่วยจำ
Big move coming any moment now, I'm leaning towards a bullish move but ready just in case.
บันทึกช่วยจำ
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.
บันทึกช่วยจำ
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.
บันทึกช่วยจำ
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.
บันทึกช่วยจำ
บันทึกช่วยจำ
บันทึกช่วยจำ
Might be $200 again before full lift off.
บันทึกช่วยจำ
It's still on don't sell, we good.
บันทึกช่วยจำ
บันทึกช่วยจำ
I think this is next, we have retested the floor
บันทึกช่วยจำ
บันทึกช่วยจำ
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 🚀
บันทึกช่วยจำ
Blew past 215, everything where it needs to be. Waiting bitcoin to get north of 42K.
บันทึกช่วยจำ
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.
บันทึกช่วยจำ
🟥= 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.
บันทึกช่วยจำ
บันทึกช่วยจำ
Looking for ^$185 today 🚀
บันทึกช่วยจำ
Feeling good, but need $205 soon to be out of jail. Some resistance at $180.
บันทึกช่วยจำ
บันทึกช่วยจำ
Expecting a bounce to 200 over the next week. Need to get over 200 to be out of danger.
บันทึกช่วยจำ
bouncing
บันทึกช่วยจำ
บันทึกช่วยจำ
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.
บันทึกช่วยจำ
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.
บันทึกช่วยจำ
บันทึกช่วยจำ
Bullish engulfing and a large one at that, if we can finish the week around 200, then we have seen the worst of it.
บันทึกช่วยจำ
บันทึกช่วยจำ
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.