Perspect

DigiByte: are we in a market reversal?

Long
Perspect Updated   
POLONIEX:DGBUSD   None
Spotted DGB about a week ago, forming a nice rounded bottom.
The first signal of a nice market reversal..

A few days later we see it got turned down by major resistance level. made the market bearish for a couple of days but then it happened
  • (chart: 1 day candlesticks)

    1. The side day bar (a candlestick having a smaller body than the previous day). (If bullish candlestick => higher open and lower close/highers low and lower high of the body).
    2. The newt day closed strong on the high (market reversal?)
    3. The bulls took over completely and made todays candle close above the resistance, making it a very good possible new support level.

    We will pretty sure get a pullback to test the (new) support line. (market must breath)
    If we close the weekend above the support line a would suggest getting in long on this one.

    Personally we are in the trade for 1/4 already, just in case bitcoin might pullback big time and a lot of money would get in the alts.

    Get in trade: $0,019 - $0,020
    take profit: ? (depends on btc)


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    Profitable Regards and Merry Christmass,

    Perspect
Trade closed: target reached:
Didn't think we would reach current price this soon..
Due to the extra +20% Totalmarketcap (all coins) flowing in this week we reached it very fast and doubled our money.
It could be going up some more but i wouldn't recommend staying further in the trade.

Take profit and/or leave a bit, depending on your tradingstrategy and long term thoughts on DGB.
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