Dash About to Fire Up -- Alts ready to break free from bitcoin?
I posted about a quick Dash trade earlier today and that will provide some additional info. Moving on, I've taken a better look at Dash now and it will soon test its all time highs against bitcoin.
What I'm not clear about is how Dash will perform against the USD. Bitcoin is pretty neutral right now but the technicals are telling me it is poised to drop to 4,000 pretty soon (my gut tells me we are bottoming).
Two scenarios:
(a) Bitcoin drops to 4k but Dash breaks free and holds it's current price range. This would require either that Dash breaks apart from bitcoin or we see a huge pump before BTC drops and Dash then drops down to current prices.
(b) Bitcoin is bottoming but stays more or less sideways as the alts pump.
It looks like Dash may drop for just a little while before the pump begins.
What I'm not clear about is how Dash will perform against the USD. Bitcoin is pretty neutral right now but the technicals are telling me it is poised to drop to 4,000 pretty soon (my gut tells me we are bottoming).
Two scenarios:
(a) Bitcoin drops to 4k but Dash breaks free and holds it's current price range. This would require either that Dash breaks apart from bitcoin or we see a huge pump before BTC drops and Dash then drops down to current prices.
(b) Bitcoin is bottoming but stays more or less sideways as the alts pump.
It looks like Dash may drop for just a little while before the pump begins.