Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX
Am I seeing it wrong?
No - the weekly chart hasn't yet absorbed the shock other then 1 red candle.
Still that retrace was pretty brutal. Nobody's going to have a huge appetite for bitcoin in the next few months - at least not on a purely speculative basis IMO. Maybe if there's some mother of all equity crashes or derivative metldowns and they're forced to buy - thats the only way I see this going anywhere.
(According to Cliff High's webbot, there is such an even on the calander if you're into 'Twighlight Zone Tealeaf Technicals'
)I really suck at predicting things, and I knew while it was happening that there was at least a possibility that Bitcoin might test it's ATH again. But I will say that I, personally, have no appetite for $1200 bitcoins any time soon. Two years of continual pounding in the markets, regardless of any good news or positive structural changes, has given me a very bearish attitude.
I think in the long run, crypto is going to do well. But my horizon keeps moving further and further. I tell my wife all the time that I don't expect Dash to achieve it's full potential for at least 5 - 10 years. Maybe I'm overly negative, but two years of constant negativity (price-wise) definitely has an effect, at least on me.
It could be that everybody else feels that same pessimism. Every time I saw the price go up, I said "Wow, that's really interesting" but I always kept wondering when it was going to go back down to it's $225 resting place. It appears to be headed that way now. But like I said, I'm a short-term pessimist and a long-term optimist.