If you want to try to gain a little extra BTC in this market, here is an opportunity. Expect DGB to hit the 50% fib retracement which falls almost perfect in line with the trend line at 403. On Bittrex, this is actually the 61.8 fib retracement and it is located at 416 so that is where my buy order will be placed. But just know that if Bitcoin does continue to go down, expect DGB to blow past the retracement areas and follow in bitcoins steps. Good luck fam!!!
Trade active
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The link should bring you to my chart setup
Trade active
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I want to add that I am also not very excited about the look of the RSI, seems pretty week but we will see what happens. It is a bit oversold at the moment and has some room to move up. A break above 630 could be pretty big
Trade closed: stop reached
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Wasn't expecting bitcoin to go on a run, that kind ruined it for DGB as well as pretty much every other altcoin I pay attention to. Definitely a buy opportunity though for many alts depending on how long BTC goes on this run for
That didnt happen. CURRENTLY at 609 best option is to buy all,3/4, or 1/2 now if it drops by the rest
TylorHunn
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@Bullion_Money, Yeah man, the 23.6 fib held better than I thought haha. Since I missed the entry thought, I chose not to chase it. I will wait for another opportunity
TylorHunn
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@TylorHunn, That opportunity happens to be right about now haha
Bullion_Money
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@TylorHunn, YUP this is why you dont blow your load (Powder) all at once
TylorHunn
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@Bullion_Money, Yeah, I just bought quite a few at 510 and I have a flight soon so Im hoping nothing crazy happens while I'm not around. It looks like it is holding 500 really well with a lot of bullish spikes, my target will be 595 for this one, then Im out for good haha. This coin is stressful
Bullion_Money
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@TylorHunn, sell 1/2 then buy back 1/2 or wait for higher and sell half
Bullion_Money
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@TylorHunn, there is a BITTREX ios app. but enter your api key and trade 24x7 (Wife hates my tradeign at 2 am
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TylorHunn
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@Bullion_Money, Looks like shit went down while I was gone haha. Oh well, I had a stop loss so I didnt lose too much lol. Luckily, Ive made most of my money back by scalping verge, it is having some massive swings right now. I wish they would make a bittrex app for android that you could actually trade with, right now, all you can do is look at the value of each coin and the value of your account; not very helpful
flyingtopore
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@TylorHunn , I have a question and it is greatly appreciated if you answer it,
Can you predict the price action of DGB in next upcoming days when BTC goes to its All Time High price?
Thanks
TylorHunn
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@flyingtopore, I will post an update of what I think is happening. Based on my opinion, right now, would be a good entry at as close to 510 as possible. It is sitting on the new trend line and the 38.2 fib as well. A negative divergence is starting to occur in the RSI though so if there is another pump, it will likely be the last. If it falls below 500 sat, next support is 460 to 475