[DASH] Dash Price and Trade Discussion Thread

[toknormal]

So tempted to nip over to speculation and pump gridcoin, it's great, it supports academic research through BOINC

You might be onto something there. That XMR sugar-daddy wall suddenly doesn't look too safe.

[toknormal]

Days destroyed is an indicator of the number of days passed since going into storage so if 1000 BTC where in storage for a year and then moved that'd be 365000 days destroyed. It's gives a good idea of how many cold wallets are being dug out:

Ok, I see. Thats interesting thanks.

[AzzAz]

This is exciting. I don't think I've checked the time in China for nearly 2 years  

(China waking up in...    )

P.S. I don't understand why all the big trades on Huobi appear to be sells and yet the price keeps rising.

EDIT: Probably because traders place their buy orders just inside the spread and then they get sold into, rather than buying into the asks.

I have a theory: Big miners (chinese) are taking profit, they can use yuans to pay expenses and also to buy miners. If so, when they sell most btc they have, price will go up, demand is high.... actually I think that is going on. If I am right price might go much up, like 2 years ago.

[Sub-Ether]

Price catching up with fundamentals?

[qwizzie]

https://bitcoinwisdom.com/markets/huobi/btccny

The speed and the amount in volume of this whole Bitcoin breakout originating from China is just amazing to watch ... where will it end ? when will it end ?
and which of the altcoins will be left standing, picking up the pieces ?  

[DrkLvr_]

My analysis: Dead cat bounce



http://www.investopedia.com/terms/d/deadcatbounce.asp

interesting, lets wait and see...

edit : there, i even made your picture visible 

Textbook dead cat bounce.



If you enjoyed this trade you can donate BTC: 15UDjFDuN3g2DWWTnABx2ubNqRA6L4CT2u

[qwizzie]

Well, it certainly has been a busy few days and i think a lot of us were glued to our monitor as Bitcoin was undergoing an incredible rise in price,
thereby putting a lot of altcoins (including Dash) under heavy sell pressure.

Current overview of Dash, price related :



Any thoughts guys ?  

[qwizzie]

I think the charts can surprise us sometimes, whether its a good surprise or a bad surprise remains to be seen
but in the mean time : Dash 0.00631052

https://bitcoinwisdom.com/markets/cryptsy/drkbtc
(see my signature if you have problems with this site)



Edit 1 : 0.0064
Edit 2 : 0.0065

[qwizzie]

Does it not have a name when three candles line up like this ? Something that signals a big bull-outbreak or something ?

Dash in BTC

http://coinmarketcap.com/#BTC

[Walter_S]

I think the charts can surprise us sometimes, whether its a good surprise or a bad surprise remains to be seen
but in the mean time : Dash 0.00631052

https://bitcoinwisdom.com/markets/cryptsy/drkbtc
(see my signature if you have problems with this site)



Edit 1 : 0.0064
Edit 2 : 0.0065

Dash will be just fine. Current gyrations are due to inefficiencies in the market caused by the extreme volatility in BTC. Once the dust settles it'll all get arbed out and normal service will resume. It could take months mind...

In the meantime, keep holding and enjoy watching Dash ride on the coatails of BTC, it's going to keep on going up from here 

Walter

[qwizzie]

Slow and steady rise from 0.0065 to 0.007, its looking good for Dash.

[qwizzie]

and the rise continues : https://bitcoinwisdom.com/markets/cryptsy/drkbtc
(see my signature if you have problems with the bitcoinwisdom site)

[italeffect]

Go Dash go!

[qwizzie]

Dash rising fast : https://bitcoinwisdom.com/markets/cryptsy/drkbtc

Welcome back  0.0074

[qwizzie]

80,77% of Dash volume is now traded on Poloniex.

Dash traded on Poloniex :
https://cryptowat.ch/poloniex/dashbtc/4hr  (i like the marketdepth they added to their graph)


Dash traded on Cryptsy :
https://bitcoinwisdom.com/markets/cryptsy/drkbtc

[Lebubar]

First time I draw lines on a graph...
But I want to think that what I'm seeing is good I'll call this triple top on up-trend mountain.

[qwizzie]

First time I draw lines on a graph...
But I want to think that what I'm seeing is good I'll call this triple top on up-trend mountain.

"triple top on up-trend mountain", i like it. In most cases "tripple top mountain" signals a reversal in price from bull to bear, but i think it can also signal
a breakout in price due to an enforcement in bull sentiment.

New graph on Poloniex, including the Aroon which i noticed shows bull and bear trends a bit more clearly.

Developed by Tushar Chande in 1995, Aroon is an indicator system that determines whether a stock is trending or not and how strong the trend is. “Aroon” means “Dawn's Early Light” in Sanskrit. Chande chose this name because
the indicators are designed to reveal the beginning of a new trend. The Aroon indicators measure the number of periods since price recorded an x-day high or low. There are two separate indicators: Aroon-Up and Aroon-Down.
A 25-day Aroon-Up measures the number of days since a 25-day high. A 25-day Aroon-Down measures the number of days since a 25-day low. In this sense, the Aroon indicators are quite different from typical momentum oscillators,
which focus on price relative to time. Aroon is unique because it focuses on time relative to price. Chartists can use the Aroon indicators to spot emerging trends, identify consolidations, define correction periods and anticipate reversals.

There is really not much standing in the way of Dash pushing upwards to the 0.0074 and consolidating on that position.

https://cryptowat.ch/poloniex/dashbtc/4hr

 

[qwizzie]

I found a new Dash Market Depth graph for Poloniex : http://dc-charts.com/depth_dash.php?ex=16&cu=0
(i added this one and also some other Market Depth links that dc-charts added to certain Dash trading exchanges on post 2)

[noobtrader]

First time I draw lines on a graph...
But I want to think that what I'm seeing is good I'll call this triple top on up-trend mountain.

"triple top on up-trend mountain", i like it. In most cases "tripple top mountain" signals a reversal in price from bull to bear, but i think it can also signal
a breakout in price due to an enforcement in bull sentiment.

New graph on Poloniex, including the Aroon which i noticed shows bull and bear trends a bit more clearly.

Developed by Tushar Chande in 1995, Aroon is an indicator system that determines whether a stock is trending or not and how strong the trend is. “Aroon” means “Dawn's Early Light” in Sanskrit. Chande chose this name because
the indicators are designed to reveal the beginning of a new trend. The Aroon indicators measure the number of periods since price recorded an x-day high or low. There are two separate indicators: Aroon-Up and Aroon-Down.
A 25-day Aroon-Up measures the number of days since a 25-day high. A 25-day Aroon-Down measures the number of days since a 25-day low. In this sense, the Aroon indicators are quite different from typical momentum oscillators,
which focus on price relative to time. Aroon is unique because it focuses on time relative to price. Chartists can use the Aroon indicators to spot emerging trends, identify consolidations, define correction periods and anticipate reversals.

There is really not much standing in the way of Dash pushing upwards to the 0.0074 and consolidating on that position.

https://cryptowat.ch/poloniex/dashbtc/4hr

 

this is more like inverted head and shoulder pattern, and if so then price will return to 0.012 in few month

[qwizzie]

And the rise continues : https://cryptowat.ch/poloniex/dashbtc/4hr



On Poloniex : highest price over last 24 hours : 0.0076
On Cryptsy :  highest price over last 24 hours : 0.0077