Quote from: jdmcg on Today at 10:59:53 PM

Quote from: Nthelight on Today at 09:21:00 PM

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 didn't really enter a bull market vs USD at the beginning of 2020. This is what would be called a fake out and was largely not sustainable because the big boss, BTC, was still in a bear market. So, we saw DASH enter what appeared to be a bull market around Feb 5th but it only latest for about 2 months... Another shorter/smaller fake out occurred around May 15th and lasted less than a month... Yet another fake out about Aug 20th which again ran out of steam in just over a month... Multiple fake outs in a row like this often suggest the price is settling down at a stable bottom (which IMO is about $65)

DASH has most recently entered into a bull market vs USD on Nov 28th... is this a fake out? It's possible but the odds are that it's not. Some reasons for the optimism...
1) BTC is on the verge of breaking its previous ATH of around $20K (History tells us that has always been very good for alts)
2) Other alts are also showing strength against USD... DASH is not alone in its rising
3) Technical indicators for DASH (moving averages, RSI, even volume) are all showing bullish

If DASH's price should dip right now, you'd see major support around the $80 level. DASH's pump back in Jan had weak market structure and could be identified as a pump and dump...

From where DASH is today, the major resistance levels are about $135, $170, $220, $250, $300 and $500... after that the price could easily rip up to its previous ATH and beyond...

I agree regarding DASH/USD. I'm well aware that the first move was a blatant pump and dump (ultradar). Didn't say we were in a bull market since 2020. That is obviously not the case. In retrospect it just seems that the bearish trend ended there and that 2020 was a year of trying to find an acceptable floor. As said the upwards move has only recently started and it is still too fresh to be 100% convinced, but it's looking good.

Additionally I'm conservative on the numbers as I'm taking into account a potential downwards trend for Bitcoin which would very quickly decimate our DASH/USD. It just looks like the $40 zone is absolutely out of reach no matter what Bitcoin does and it's possible that even the $60 zone is out of reach no matter what Bitcoin does. Bitcoin can dump to $4000 tomorrow and it will be very hard to get any Dash around $40. This is our hard baked bottom for 2020.

If Bitcoin continues to move up then these zones will absolutely be out of reach and $80 will then effectively be reflected as a potential new hard floor, but that's not the case yet today, so I remain conservative. I would however say that it's reasonable to assume that getting any DASH between $40 and $60 is very very unlikely, even $65 seems out of reach. Anyone waiting for those prices is going to miss out.

We may have a bit of a hard time pushing upwards though, as we will need get through some bears selling between $120-$200. Once those Dash bears are out, DASH/USD has the ability to go much higher provided there is decent demand.

Quote from: Nthelight on Today at 09:21:00 PM

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?

Now, DASH vs BTC should always follow DASH vs USD. So, if DASH can remain in a bull market against USD (and not be yet another fake out), I'd expect DASH to enter into a bull market vs BTC sometime early January 2021.

The pump from earlier this year in January saw DASH enter a bull market vs BTC Jan 31st... a clue this wasn't sustainable as DASH had not yet entered into a bull market vs USD...

Now, there's a decent chance DASH saw its bottom vs BTC at around 0.0042 BTC about a month ago. But no guarantees. DASH needs to break above 0.0064 BTC and hold it as support to break the trend. DASH is currently trading above the 50 DAY SMA and successfully held it as support just the other day.

At this point I see it as slim to no chance that DASH goes as low as 0.001 BTC. DASH has formed strong support at 0.0044 BTC and if it were to break that I'd expect it to dip to 0.0037 BTC before spiking back up.

Now, the bullish case for DASH all hinges on BTC breaking its previous ATH around $20K. If BTC ultimately gets rejected at $20K, it will be ugly for all cryptos for quite some time.

Once BTC holds above $20K, alts will outperform BTC by a good margin in the short term. It's just human nature. 2021 will be good for the patient but 2022 may be devastating for those that are too greedy...
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Well, I certainly hope we're not ever touching the 0,005 DASH/BTC level ever again. Just too soon to say and I'm not convinced at all that there is strong support there. If Bitcoin/USD really explodes, it does not seem unreasonable to think that we will blast through several DASH/BTC support levels. If we do hold that level than we're set for a bull trend.

Hoping for the best and that 2021 may bring a clear uptrend on both the DASH/USD and DASH/BTC pairs.