Before we enter the long term bullrun I see a retrace incoming not to far away from now. I did mention that in me previous post. If the green 0.618 holds we see a 30% drop in price for the accumulation zone but if that fails, depending of what BTC is going to do, this level could not hold and could we see a further downward move to -75%. Be aware of that possibility!
Thank you
Trade active
⋅
Trendline has broken. Wait for the hook to form and we can see the move downwards.
Comment
⋅
We're nearing the bottom of accumulation zone 1 (the green 0.618) , so we will soon see if it holds.
Comment
⋅
Right at the bottom of accumulation zone 1... are we entering zone 2..?
Comment
⋅
We saw a clear break through the floor of accumulation zone 1 and a break/hook in the 2nd accumulation zone what can be become a future left shoulder for an inverse H&S reversal pattern. Its now time for the final swing down towards the bottom of this 2nd zone for a potential head what might be the bottom.
We are really down on DGB, however why do you think the bulls will step in around may? I think we will rise after January's dump
HardFork_Cafe
⋅
@juliengaarne, Time is never predictable by any trader. The time part of this analyses is just random, it's all about the the price targets. When really good news comes up after reaching the bottom the price can shoot up like a rocket or if not we can wait for months... nobody knows for sure! But the only thing I do know is that is a high probability we're going to reach new all time highs for DGB in the next bullrun. Have a loo at my TA for long term DGB:
Soulace
⋅
Youre expecting a cup and handle to form ?
HardFork_Cafe
⋅
@Soulace, Way too early to say. I'm hoping for some kind of rounded bottom. Cup and handle at the end would be great!