crypto_gunther
Short

BEWARE: Critical Support in Jeopardy

BITTREX:DGBBTC   DigiByte / Bitcoin
If the critical support at 251 satoshi is violated then we may see DGB at 72 sats .

Observe how the blue line has crossed below the orange on the daily stochastic RSI in the overbought zone. If blue crosses below 80 then expect the price to plummet while the daily stochastic RSI resets.

The Bitcoin chart is not looking good after today's activity. The decline of Bitcoin's value may act as a catalyst that drives the price below the critical support.

These are my opinions. This isn't investment advice.
Comment: Daily stochastic RSI for Bitcoin:

Comment: Daily stochastic RSI for DGB:



We are getting close to crossing 80.
Comment: We crossed 80.

Comment: It seems reasonable to conclude that DGB will fall somewhere between 222 and 72 satoshis for the following reasons:

1. BTC price is tanking
2. DGB is stuck in a falling wedge with another leg down on the menu
3. DGB daily stochastic RSI is descending from the overbought zone where blue has crossed orange and 80
Comment: If DGB violently breaks 251 satoshi then be prepared to see fat red candles. Don't be too discouraged though if this happens. The price will rebound from the bottom in magnificent fashion.
Comment: I think 251 sats will hold!

Let's hope that is the case.
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