BTC is doing well right now at least for the short term. I expect it will consolidate and make another decent move up in the coming days/week(s). So, alts should be a relatively safe bet during this time. Love DGB, and it is currently painting a bull flag. Let the RSI cool off for another day or so and then enter. Working off the length of the pole, target would be roughly 800 sats.
Enter: 525 - 550 Sell: 750 - 800 Stop: 500
Keep it simple. Good luck!
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Bull flag pattern doesn't seem to be coming to fruition, although on the daily there is an ascending triangle.
Appreciate you sharing. As a newbie crypto investor, is it smart to buy now and hold long term? I have 90% BTC in my modest portfolio and not sure if I should swap 45% for DGB now before it takes off. Has the RSI cooled yet, or no?
cryptomanna
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@XLC, If you plan on holding for longer than 6 months, I would say we are at a relatively safe entry point. It's best to try and be patient and buy on the trend lines. Though, I do think the DGB/BTC pairing could go a little higher from here before correcting. In terms of USD, I don't think we will see any significant pullback for now.