Stormy Forecast for DASH - Look away if you have a weak stomach
So it has come. I have decided to apply my not inconsiderable analytical skills to the world of Crypto. Specifically trading. Even more specifically DASH.
Its the cryptocurrency that's on everybody's lips, except for those damn PIVX'rs with their node this and Master node that.
So lets cut to the chase. The meat of it as it were.
I have been looking at the charts and using some analytical tools to help me see the underlying trends in the data.
Firstly I applied a fibonacci overlay
Now whats immediately alarming here is that you can definitely see a 100% marker to the right. Note carefully how everything under that 100% line is below 100% and yet everything above, looking ominously positive it must be said is above 100%
I won't teach anyone how to suck their grandmothers eggs here but it's undeniable that Houston, we have a problem.
However, never one to pour the bathwater in the stew as we say in Scotland. I bought some more powerful analytic tools to bear.
First I overlaid some straightforward plot lines. As you can see, these seemed to suggest a downward trend.
However, that's not the only trick in my arsenal. I quickly applied some ellipse mathematics to the picture and overall I was startled by the results.
The image of the ball rolling down a hill is a wake-up call to any crypto enthusiast. And that face? HELP ME! What is that all about?
I was a little out of my depth. I knew I was definitely seeing something but could not quite put my finger on it. I called a friend, he has been on the crypto scene for years. I told him what I could see and he sighed before advising me to clear the display.
He then hung up, cursing all the while. I suspect it's the alcohol. He has always had a penchant for the barmaids apron if you get me.
The alarming thing is that after clearing the display, I then re-input most of the analysis from memory and the image that came out is almost exactly the same.
Now, you can't tell me that's just coincidence? So there you have it, DASH is on a slippery slope.
Maybe.
I will be back soon with an in-depth analysis of Monero, otherwise known as the boy beneath the stairs.
This was so fun to read :):)
Chart analysis doesn't have to be boring and you've proven it :):)
Hehe, cheers mate! I thought I would put a bit of a different spin on the normal affair! :O)
And you did splendidly my awesome and always entertaining friend ;)
Thank ya, very much!!! I try my best!
That was my exact thought, I honestly wouldn't have even clicked on this post if it wasn't done by @meesterboom, haha!!
Phew, i am glad you did then!!
all charts should look like this. lol
AHAHA! "large elipses" "ball going down hill" "help me" CLASSIC. When I read this, I thought, "Huh? @meesterboom's uncharacteristically being straight with this.. Must be the inevitable crash getting to him". But then, BOOM, that patented humor struck haha! Nice analysis though, it's a shame about DASH. I hope it recovers or at least retraces just enough so you can get back on the green, brother.
Lol, straight up posts. Nah. I can never see when that would be likely! ;o)
Hehe I am still well in the positive with DASH so not worried at all on that one, cheers man!
Nice lol......PIVX'rs lol.....yup on that train :)
Lol, me too! :O)
Thank you for this refreshing analytics, that is about how much I get from it. Unfortunately I had to take the three pigs back to the farmer, so until I can get them back, this really helps!
Darn, when you take those pigs back you know you are in trouble till they are returned! Hehe, cheers mate!
Yeah, feels bad, now I do not dare to buy nor sell! The crystal ball and tea leaves just are not good enough. :-)
Have a good evening!
I slaughter the occasional sheep and ferret about in its innards! ;o)
You have a good one too mate!
Hahaha, then my system is cheaper, I rent them piglets, they's good ones they is!
Thanks Mate!
But please, what is your investment advice? Should I put all my eggs in one basket? If so, I need some scratch (and some chickens). I am looking forward to your review of the BrowniePoints over on the OpenLedger, too! I like brownies, so I'm hoping it's ok to stock up! ; )
Oh yes, chickens definitely go in baskets! And eggs. Hold on. I will have to draw a graph!
OK, I will hold on. But if any of my eggs get Dashed, there will be heck to pay. You can pay me in those BrowniePoints. They seem to hold their value -- at zero, true. But holding value is worth something, isn't it?
Oh no, havent you heard of being left holding the bag? Apparently it is based ona true story of an old englishman at the turn of the century who drank the wrong tea in a cafe or something like that. Anyway, it was very bad :O)
Thanks for your detailed analysis!
Your welcome ;0D
thanks for sharing @meesterboom
No worries, thanks for reading!
You are welcome
I was expecting a big Dash selloff until I realized that a lot of this runup has been people buying Dash to run Masternodes. More than half of the Dash that has been bought is now tied up in MasterNodes. So, not a lot of sellers.
Ah that would explain the lack of 'dump' after it got to the price it has!
What a great chart analysis man! I wish I knew so many things like you! Maybe you will teach me someday! Thanks a lot for the info!
Lol, you are welcome man! Its all in the eye!
Ok then, I will open my eyes! :d
I think I might have them close when I look at a chart like that!