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DASH- A Speculative Crypto Play

Writer's picture: TLivingstonBlogTLivingstonBlog

Altcoin Dash is a speculative crypto play I recently took a position in. Cryptocurrency trading is extremely risky, but we have seen some spectacular moves in smaller coins recently, specifically ATOM, and ALGO. After moving from around $120 to $300 last week, Dash has been holding up really well, with not much distribution coming in. When looking at the weekly chart, the accumulation over the past month really stands out. If Dash can remain above recent resistance around $300, I think it can move very quickly higher, perhaps towards the $500-600 range. Due to the exceptionally volatile nature of altcoins, this is not a position I would look to hold for the long-term, like some people do with Bitcoin or Ethereum. Instead, I would look to sell on the way up for a quick gain. As with my stock trading, I have a stop loss in place to keep my risk in check.


If you are interested in using Coinbase to purchase Dash and would like to receive a $10 sign up bonus, use this link.





Full Disclosure: I currently own Bitcoin, Dash, and Ethereum.

Full Disclosure: This post contains an affiliate link to Coinbase.


Disclaimer: This information is issued solely for informational and educational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. None of the information contained in this post constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. From time to time, the content creator or its affiliates may hold positions or other interests in securities mentioned in this blog or the associated Twitter and Instagram feeds. The stock or stocks presented are not to be considered a recommendation to buy any stock or stocks. This material does not take into account your particular investment objectives. Investors should consult their own financial or investment adviser before trading or acting upon any information provided. Past performance is not indicative of future results.

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Hypothetical Performance Disclosure: Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.

Risk Disclosure: Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

Crypto CFTC advisories

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