Quote from: ddink7 on March 30, 2017, 03:18:21 PM

Quote from: mastertrader777 on March 30, 2017, 02:50:59 PM

Quote from: ddink7 on March 30, 2017, 02:40:29 PM

Quote from: mastertrader777 on March 30, 2017, 02:27:06 PM

Quote from: bigrcanada1 on March 30, 2017, 02:20:07 PM

Quote from: mastertrader777 on March 30, 2017, 02:03:29 PM

I'm about to pull out of Dash at this rate - Its performing so poorly against the competition.

I've been watching Dash for years - and its draw back pressure is somewhat odd.

Looking at the big picture - it looks like another 3-4 days of this :

Certainly from a traders perspective...its odd. What is more telling is that the Masternode count keeps climbing. Now at 4241 active masternodes. That to me is a way more important number as a long term holder as it speaks to the confidence of the currency long term. Smart players dumped at ath, then bought more DASH to further their Masternode holdings...

Currently 59.88% of the currency is held in masternodes...and climbing daily. For long term holders like me...this is what we look at. If your a margin or day trader then this would not be your cup of tea.

Wasn't the Masternode count higher than this before the pump though?

It's really hard to say. Before the 12.1 launch, MN count was around 4500. However, about 500 MNs didn't bother to upgrade and were forked off the network when enforcement was turned on. I have been keeping track of the number of MNs since March 9, when our price was .042 DASH/BTC. At that time, we had 4164 MNs on the network. So yes, since March 9 our MN count has grown significantly. (P.S. I'm showing 4305 MNs right now, up from 4164 MNs on March 9. Different clients sometimes see slightly different numbers, so I'm giving you an apples-to-apples comparison.)

P.S. I really don't understand all the surprise at how the price is behaving. I'm the biggest Dash bull there is--been here almost three years now--but a hockey-stick exponential rise can't just keep going up forever. At some point a pullback was inevitable. I've been saying for awhile that if ETH and XMR are any comparison, we should stabilize around 50% of our peak price. Assuming the bubble is over, that would be somewhere around .059 (almost exactly half of .124) which happens to be about the 38.2 fib level. If our price behaves as XMR's did following their bubble, then we could see a dip as low as .044 before a bounce back to .059.

That's just what I'm seeing from the charts, anyway.

tl;dr The price can't go up 1200% in two months without coming back down. If we do settle at .059, that's still about a 600% increase over the last two months. I'll take it!

I thank you for your settlement on the action.

Lets see how this plays out.

I'm in it for the long haul - just hate being down on my margin - gotta trade outta the red.

You know how it goes lol

Does anyone see the double bottom .0740 bounce happening Huh

- just looking for some nice action if Dash has it today.

Edit: Looks like .0740 broke as soon as I posted..hmmm - I think .059 is looking for solid.

Edit#2: This shit crayyyyyyy Grin

Cheers

1D charts show (IMO) a double top "M" formation. I see us going down to support...wherever that may be. Right now that huge 5k DASH buy wall on Polo @ .07 *could* be support if it holds. Then again, if it falls or gets pulled, could be a bloodbath.

Big walls like such NEVER hold - they are there for looks. Someone with liquid to buy 5 K Dash wont buy them at bloodbath spot - they will use that liquid to push the market down further to recoup cheaper Dash. I know .07 looks like support, but I thought .08 was support now look at us.. =/