Dash (DASHBTC) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Dash began a wave one advance on December 8, 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on December 21, 2017, and the red wave two (blue sub-waves a-b-c) correction ended on February 2 this year. If this wave count is correct, Dash should be heading next towards the December 21, 2017 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Zooming out in the daily chart, I believe Dash is currently in the red wave three (blue sub-wave iii). The red wave three began on December 8, 2017.
(Chart courtesy of Tradingview.com (log scale))
In the weekly chart, Dash is most likely in the red wave five. The red wave one began in November 2015 and the red wave five started on December 8, 2017.
(Chart courtesy of Tradingview.com (log scale))
Looking at the monthly chart, I believe Dash is currently in the red wave three (blue sub-wave iii). The blue sub-wave three began in November 2015.
(Chart courtesy of Tradingview.com (log scale))
Funnymentals
Here is a video from Amanda B Johnson asking "Where Can I Spend DASH?" (with Little Surprise from Audience). The video was published on January 31.
(YouTubeSources: https://www.dash.org/ and )
If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) "Dash will takeout the December 21, 2017 peak".
If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) "Dash will drop below the December 8, 2017 low".
If you think Dash is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) "Dash will stay in a trading range between the December 8, 2017 low and the December 21, 2017 peak until March 6".
You can upvote the comment until 3 PM EST February 4 and you can upvote only one comment. 50% of SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).
Bonus
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Dash will stay in a trading range between the December 8, 2017 low and the December 21, 2017 peak until March 6 (36 voters as of 3 PM EST February 4: helikopterben, steemquestions, abh12345, freiheit50, glennolua, simonjay, allyouneedtoknow, twinner, heroic15397, kanoe, mprgrmmr, flemingfarm, lucasgabd, mgood, miniature-tiger, ahinga, gregory-f, dlwagner, me-do, coolthings, navpaaar, starline, japanguide, mirda, criptorafa, sevinwilson, travelling-two, koskl, cryptotem, cosminblaga, nordina, incrediblesnow, diogosantos, elisablogs, acehnature, photoquote).
Issue with me about another coins is that it will potentially come as a competitor to STEEM. As steemians, we would be better if we each take the time to understand what STEEM is capable of. As you all should be aware, steemit is just one use case of STEEM. STEEM is a flexible platform that can mimic a lot of all these alt-coins like DASH are capable of. I'd rather people spending or developing this STEEM ecosystem to further adoption of this platform than diverting into other altcoins. BITCOIN is limited is supply. But, these alt-coins in total is almost unlimited with new comers coming in everyday.
We all need to focus on STEEM and expanding its ecosystem. Money needs to be concentrated on STEEM, not otherwise.
We can make profits from other coins and then invest all the profit into steemit. What about this ?
That is it.
Here is my latest on Steem:
https://steemit.com/steem/@maarnio/crypto-contest-january-27-steem
You won.
Dash will takeout the December 21, 2017 peak (28 voters as of 3 PM EST February 4: bleujay, fitinfun, bentleycapital, soundmoney, eirik, lydon.sipe, digitalking, positivebalances, crokkon, toofasteddie, jznsamuel, komischername, catena, reconnectnature, themovieplace, cassidyandfranks, kunschj, mihail.tsvetkov, richard78624, ragnaros, nicolaepavelean, nafazul, portillo, nikossa1908, mehta, heidelbaer, utkarshvarma, cata22).
Dash will takeout the December 21, 2017 peak
Dash will drop below the December 8, 2017 low (7 voters as of 3 PM EST February 4: sqlinsix, gunsmithing, dlina-v-metrah, andy23, libert, barbadosso, abhicrypto).
Hahahah cool comment from the audience in the video! The first guy did not expect that :-P
Yep. We shouldn't underestimate Dash.
great post dear
Great pics beautypics.
Hopefully, the sluggish January trading month is over and won't continue in Feb!
Time will tell! 😊
I believe you are right.
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Resteem.
Thanks upyinnyarthutha.
I am new here. When you will announce winners?
On March 7.