DASH Elliott Wave Analysis

"Follow the Trend" is what just about everyone says. But what does this exactly mean? First, there are many ways to do this and a trader must identify the customized process for himself.

For me, it's Elliott Waves. DASH chart below shows that wave 5 of a five wave impulse has started. Target is $7,000 likely by end of this year. This thus calls for buy the dips action (BTFD!) of any price action that dips towards the blue trendline.

Wave 5 is 4.681 of wave 3; classic EW does not measure this way; but Alts are not classic! The behavior of Alts shows often an extended wae 5; where it is the longest of the five waves. This extension, however, is EXTREMELY extended most of the time. This is what's expected for the current wave 5.