DASH Elliott Wave Analysis

in #dash4 years ago

"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.

image.png

Sort:  

Lost some bucks on btc dump, hoping to recover soon, i should have wait to buy the dip but i got in very early when the market was crashing. Good analysis.

"The trend is your friend."
Kind of hard to see the picture due to size but resteemed for you.

I had to download the image to view and zoom to my preferred choice, I think been bullish might turn out great at the end if I just decide to follow the trend...

Keep up with this

DASH be doing big things..So many reasons for going all in...

  • .01 cent fees
  • Instant transactions
  • Treasury/Governance