Daily analisis: Bitcoin & Dash What to expec? and Where do we go?

in trading •  6 years ago  (edited)

Chill Out and Trade.CHILL AND TRADE FOR LONG!.png

Yes, i know it seems easy to say just Chill out... But...

WHAT ABOUT MY INVESTMENTS? My Friend told me that invest my money and i will earn more!!!!

This is something that very often happens when people enter to a new market without knowing more than the "Neighbor" has mentioned about it. Allow me to share with you my opinion, i believe that the "Markets pump" has ended, now we are living the reality, now we are investing in real projects and technology that could change the world, we have to be patience because something that could change the world is not allways easy to assimilate for the people something like this it must take time and this is not bad, if you are in this market you must know that many countries are researching and assimilating the blockchain technology and this is something very good for the market... Of course, i beleive that not all the criptocurrencys will be good, but something its for sure

Only the great proyects will survive for long

Bitcoin, está sufriendo? o tomando fuerza para el objetivo de 10.000 usd?

BTC 060818.png
Must of the traders and analysts on Bitcoin are expecting a rise of the price between 9,500 to 10,200 Usd as a next target. If we see the market structure we can see why they are expecting that, but still we are under a bear trend, so we have to be carerull about it.
BTC 0608181.png
In the mid term, the price seems to "consolidate" around the last minimum, this could be something good if the price reach strongly the price of 7,500 Usd and stay above it. If the price does not sustain above 7,200 Usd with a strong movement, the price could continue fall trying to reach teh price to 6,800 Usd.

Key Lvls
RS1 : 7,147 Usd
RS2: 7,527 Usd
SP1: 6,900 Usd
SP2: 6,722 Usd

DASH, between suffering and mass adoption.

Dash 060818.png
Dash seems to be hit hard cause of the lower capitalization of the market, since the last "Maximum" price back in 19/07/2018 the price it's been "depreciating" almost 32%, decreasing since 297 Usd to 204 Usd at the momment of the writhing of this analisis.
Dash 0608181.png
For the midterm, the price must climb hard above the 215 Usd, this could mean tha the price will reach de price of 225 USD, but if the price continue to fall and break the 200 Support, we can expect that the price will rach the 180 Usd support.

Key lvls.
RS1: 215 Usd
RS2: 225 Usd
SP1: 200 Usd
SP2: 196 Usd

Have a great day!!!

Thank you.

Saul Q.

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Dear my friend Saul, you are truly write that finally is Bitcoin which is keeping the crypto market alive, as you see Dash was very nice project, but it is falling down like Steem over than Bitcoin fall, because when market is poor, the Bitcoin is the only saving anchor, even there are over 1700 crypto currencies...:(((

Yeah, dash it's been hit it hard but still if you look the "Adoption" Dash it's moving fast on it. In Latam Venezuela it's one f the best examples but still its not enough, you right when you mentioned that BTC its the one its holding all the MC, i beleive tha many Criptos will die in the following years, thats one of the reason why im stay in Steem, Dash and BTC

Dear Saul, you are right, we must to believe in Steem because we are a part of this family and we must keep strong in this difficult moment and believe that soon will rise up again!!

Is it not fair to say hold bitcoin and when crypto starts turning up then exchange the bitcoin that I have to altcoins such as dash? Thanks

I think the price of cryptocurrencies won´t change much until end of the year.

I agree with you friend, I worry about the value of the dash, the market is falling a lot, in fact I was with dash.red and the market went down so much that they closed it temporarily and worries

Yeah i know, this is something that affects to all, but for me it's a great opportunity to invest

Hay que tener paciencia, y el que pueda invertir que lo haga, espero que pronto empiece a subir, un abrazo

The criptocurrency world is very volatile, we don't really know for sure what's going to happen, so we have to think it carefully after deciding to make an investment.. is it an opportunity? Yes, for sure! But don't pretend it will be easy, it can take time and a lot of patience.

Totally agree

Es lamentable que el dash baje de precio en el mercado. Es posible que quede en quiebra?

Para nada al contrario, hay mucha adopción como método de pago, sigo viendo que esto esta ayudando en mucho en ves de perjudicar es momento de posicionarnos para un siguiente objetivo a no mas de 1 año de los 2,000 USD

Those of us in this world of cryptocurrencies know that it is a roller coaster with ups and downs but if we are smart we will get benefits in both, so it is essential to analyze the market before anything friend.

Thats true!!! i beleive that now its a good momment for invest in Steem

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