If you follow the recent market activity, you'll notice that BTC has been pounded lately. Without going into the speculation around the why, let's look at how the markets reacted. DASH (Bitcoin's Brother) saw an uptick during the downward trends of BTC. I believe this is due to some of the characteristic of this currency. DASH rides in a different dimension...
Just looking at dash after someone mentioned its a "sorta working" DAO, its more anonymous than automated though, due to the masternodes and voting/proposals. The network ranks in the top 10 as far as I can remember for distributed nodes (along with btc, ltc, ppc, nmc, many alts are complete garbage for security of nodes/distribution of nodes and chains)... anyway...
Dash seems following BTC correction; after the complete ABC black pattern i'm looking for the red ABC move, pointing to the lower channel. In that point we should look at the price action for a possible bounce or a breakout of the lower channel.
All the criptocurrencies seem following BTC's uptrend. Dash too after a long correction is creating a new leg up. Now it is in a resistance area. Possible pullback expecting a new leg up. Buying pressure increasing on MACD and bullish divergence.
sure, why not go long!
1D trying to break above trend. MACD is meh, but the buy volume of the last 2 days is the highest volume in a while. since so many other alts are moving and it is not, averaging here is decent.
DRK has been following a very basic pattern for the majority of it's breakouts. Please see chart for description. Looking for a little bit of downside pressure before popping over the micro trend.
