DASH Update: Don't Lose the Sight of the Forest from the Trees!!
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SUMMARY
It's easy to lose sight of the big picture because the twists and turns of daily price movements keep your attention focused on the minutiae. So, every now and then, it's good to take a longer term perspective.
The below chart is that of DASH/USD and price has broken through the upper line of the broadening pattern. This is extremely BULLISH!! The longer term count is showing $2,555 as upper target! If forward discernment is correct, the current correction could result in an a,b,c,d,e triangle. Why? Cryptos LOVE triangles!
We now all know that the DASH/BTC, like every other /BTC pair, is lagging the /USD pair. This is so apparent that I'm not seeing other analysts discuss this...strange. Regardless, the DASH/BTC is about to EXPLODE!! That means this baby is going to scream high towards $0.2293 BTC. If the USD pair is a leading indicator, then likely that DASH/BTC will decisively exceed the upper white line and just continue UP! WOW!
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
Follow me on Twitter for Real Time Alerts!!
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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**
Excellent and I'm very grateful for this as always. DASH is good in turbulent times of late and appears to be liked by bigger money so good to have in portfolio. Thanks for everything you give to the Crypto community Haejin.
Another great post, Alot of bullish coins going into new year. What do you think of Vertcoin's triangles?
My lady mentioned Dash via “the news”. It did make me chuckle.
Very nice. I'm making a date with wave c, and proposing marriage to wave e. Until death do us part.
Haha
thanks for the update
Im thinking of picking up some ! Looks Good
Upvote & resteem ... You do a great job, keep it up!!!
Thank post information .. I like it
Hello Haejin,
Thank you for the knowledge sharing.
Can you give us your thoughs on Komodo KMD/BTC ?
Cheers.
So glad to see you're getting lots of views and proper amounts of Steem from up votes these days, great work Haejin!
I think we're going to be waiting a little longer for the next alt breakaway, probably the new year, so till then I'm sticking mostly in BTC. Excited for what's to come though!