DASH Binary Analysis: DASH/USD & DASH/BTC
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SUMMARY
Here is DASH/USD where the correction is labeled as a double three combination using blue WXY and the subwaves have been filled in accordingly. The inititial sideways price action always are the first indications of complex combinations and it's popular amongst cryptos because it allows time to be consumed and elongate the correction. IF the blue Y is complete, the price could be expected to rise in an impulse manner.
Using Fibonacci levels, the current minor correction coudl be expected to decline towards the 0.618 zone. The ZigZag (5,3,5) correction is recorded with the subewaves 5, 3 and 5. The last 5 waves have just likely started as shown by the whtie 1 being complete with 2,3,4,5 still to come to complete the blue (b). As Bitcoin is also in a minor correction, DASH is unsruprisngly tracking BTC.
Here is the DASH/BTC pair. It's moving much more sideways than the DASH/USD pair which is labeled using WXY double three. The DASH/BTC pair is much more side elongated and so labeld using the triple combination WXYXZ. It's Z wave is not yet likely complete and primary count shows a lower low potential. IF BTC continues to rise but the demand for DASH does NOT outpace the rise rate of BTC; the BTC pair will initially decline. Also, DASH/BTC is lagging the DASH/USD pair which as already completed the WXY and did not require the more lengthy WXYXZ!
The alternate count for the DASH/BTC pair is shown as an abcde triangle to finish off the blue Y wave of the WXYXZ triple. This is more common in cryptos than in equities, again displaying the "personality" differences between the two on how they behave in Elliott Waves. Note the timeline to potential completion being July whereas the DASH/USD could already be complete and well into the impulse trend reverse stage.
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l think the correction phase is over we are all going to see bull phase
Sure hope that comes soon. Today has been a mess.
Good info, thank you
Haejin,
What happened to Verge?
Is it in trouble?
Nice your post
Thanks information
@haejin
@bitcoin
Lovely dash post
Coins mentioned in post:
Very nice collaboration of ideas! I would love to make a animation about this give me your thoughts. I'm THE ONLY one animator on DTUBE please check me out and give your thoughts about creating a animation from this article! Thanks.
Thanks information
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I am not willing here You get 273 (When I am writing) upvotes in this post and earnef $ 238 SBD But $ 230 SBD comes from @RanchoreLax0 I saw you just voting for you. It's like self vote. Without rancho you earned only $ 8 SBD@hendrix022
Are you the Nigerian prince that keeps emailing me?
No dear. .But i will be your friend..😊
friends of hendrix are no friends of mine
Excellent!! Good information.