Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
by
Nthelight
on 03/12/2020, 21:21:00 UTC
DASH/USD

  • Bear trend seems over since 2020.
  • Volume seems to have increased heavily since 2020. There has definitely been very significant buy support (accumulation) throughout 2020.
  • Volume was very low end of 2019 and it seems price slid heavily on 'low volume'.
  • Looks like $40 is a very solid bottom of the bear trend and seems completely out of reach now.
  • Solid floor has potentially moved up to $60, as we haven't breached it since the covid crash took the whole crypto market down (March 2020) and only breached it for two months end of 2019.
  • It's possible that $60 is a solid floor now and may also be out of reach, but too soon to call it.
  • DASH/USD price is on the move, but it is too soon to clearly seen an uptrend. DASH/USD does seems more "stable", with a slightly positive trend building.
  • When Bitcoin breaches $20K, hopefully DASH/USD follows along and makes a move towards the $120-$140 zone.
  • The potential is there to see $100 becoming a solid floor in the coming year. It's possible that sub $100 coins will be considered dirt cheap by the end of 2021.
  • A lot will depend on the upcoming release of Dash Platform / Dashpay in 2021 to support the bullish trend. Obviously the bullish trend will be much stronger if it's promoted and received well by end users and investors.



DASH/BTC

  • Bitcoin has seen enormous investment in the past year and has basically wrecked the bitcoin ratio of almost all altcoins.
  • DASH/BTC trading around 0.005, the same level as 2014/2015. DASH/BTC's floor currently seems to be around the 0.005 level, but no clear trend and no clear sign that this level will be defended, as far as I can tell.
  • Bitcoin sentiment is megabullish and continues to push towards the $20K level. With all the prominent Bitcoiners and investment firms in full shill mode, projecting prices of $250K no less, it is a reasonable assumption that there is a significant probability that this floor will not hold. When Bitcoin makes its next push I would not be surprised to see it dip below 0.005 and continuing its decent towards 0.001 levels. Possibly hitting lower ratios than 0.001, possibly entering the 0.000x ranges, when Bitcoin's price appreciation goes exponential.
  • Unfortunately it means that there was no financial benefit buying Dash instead of Bitcoin, even when you got in reasonably early. This however applies to almost all altcoins.
  • If 0.005 breaches it will have been a sub optimal ;-) move for most investors, so it would definitely be a great confidence booster to see DASH/BTC hold 0.005. If it does, while Bitcoin rises, then we are ready for our own bullish move.
  • Question is to what extent does DASH/BTC still matter? Do people still look at the DASH/BTC chart? Do people still buy DASH primarily with Bitcoin or are the fiat pairs more important?



Any TA specialists who would like to share their opinion on both charts?