SUMMARY
It's easy to lose sight of the big picture because the twists and turns of daily price movements keep your attention focused on the minutiae. So, every now and then, it's good to take a longer term perspective.
The below chart is that of DASH/USD and price has broken through the upper line of the broadening pattern. This is extremely BULLISH!! The longer term count is showing $2,555 as upper target! If forward discernment is correct, the current correction could result in an a,b,c,d,e triangle. Why? Cryptos LOVE triangles!
We now all know that the DASH/BTC, like every other /BTC pair, is lagging the /USD pair. This is so apparent that I'm not seeing other analysts discuss this...strange. Regardless, the DASH/BTC is about to EXPLODE!! That means this baby is going to scream high towards $0.2293 BTC. If the USD pair is a leading indicator, then likely that DASH/BTC will decisively exceed the upper white line and just continue UP! WOW!
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?
Follow me on Twitter for Real Time Alerts!!
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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**