DASHUSD: Time to get off for a while?One by one the alts have either completed their first weekly super waves or the 3rd in my opinion just like what NEM did.
Back to Dash in Weekly time frame wave counting would be like this:
1. 1st Weekly Elliot: 09 Mar 20 - 03 AUG 20 from some 30 - 107 USD. (300%)
2. 2nd Weekly Elliot: 03 AUG 20 - 02 NOV 20 from 107 to 63 (-40%)
3. 3rd Weekly Elliot: 02 NOV 20 - 03 MAY 21 from 63 to 480 USD (760%) - this was the most profitable impulse which is quite natural since it is a prove of the 3rd Elliot which is usually the most profitable and fastest impulse.
4. 4th Weekly Elliot : the chart is logarithmic and I expect correction somewhere in between 0.236 to 0.382 Fib. correction.
5. 5th Weekly Elliot: the longer the 3rd wave the shorter the 5th wave and vice versa. Right? Then, I expect Dash to project toward 936 USD or more.
What comes next?
Based on a previous analysis on BTC's growth potential I do not expect it to be able to grow in between 130 - 160K and not more during this year.
On the other hand, since the market is still immature and has a very long path to maturity, there will be alts which can even grow more or less. Still, I prefer to cash out 80% of my portfolio when bitcoin meets the abovementioned range.
This is not a financial advice at all. We share our ideas here to learn from each other and grow together.
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Best of trades and luck. :-)
