DGB is looking strong. Candle close above resistance line on 4h as well as daily chart. MACD cross on Daily.
Small write up I know, but a pretty straightforward chart. Last time when the chart had a profile like this it went parabolic up to 2500 sats very quickly, but I'm just shooting for 1200-1400 sats for my target for now. Keep in mind BTC could still fall back after hitting the upper resistance of the channel which could mess this up.
Small write up I know, but a pretty straightforward chart. Last time when the chart had a profile like this it went parabolic up to 2500 sats very quickly, but I'm just shooting for 1200-1400 sats for my target for now. Keep in mind BTC could still fall back after hitting the upper resistance of the channel which could mess this up.
Comment:
If you aren't already holding like me at this point, I'd try to set a buy order right above the upper red line around where I have circled in green on this pic. It looks like it is testing to confirm the previous resistance is now support. If you put a buy there, I'd put a stop loss a little under the red line in case it fails. Then I'd try to scoop it up somewhere towards the bottom red line.
Trade closed: stop reached:
Just a follow up, the breakout failed and went back into the channel. If you guys set stop losses a little below the upper red line like I said, it should have triggered by now. I'm waiting for another more positive signal to buy back in. I'm starting to lean towards a drop towards 100 satoshis again now before we try to see a big push up, especially with BTC still not in the clear.