Bouncing on the .5 Fib... We will face some TR here... Judging by volume I am bracing for impact to (C)
Okay... clearly there was no support in point (a) to make it bounce up to point (b)
The A-B-C is not out of play yet... lets see if it can gain some momentum up again... RSI is lower then lower... not to even look at the volume... All the volume is now in spain / ibiza / greece enjoying the sun...
On the other hand, with DGB price going lower... this could be happy hour!
Adjusted the dotted lines for the triangle and the A-B-C... Moving up a little bit with a high RSI already and almost no volume...
Did I mention we need volume in the overall market? Starting to think this could be a nice happy hour moment to buy more. BTC is fighting resistance at $7000 if it falls to $6500 we will for sure see DGB heading for the (C).
But I am not sure that $6500 BTC will be the bottom we need to head for the lunar base just yet, nasty times could be on our way. The Dark Ages are coming!
Trade safely and don't FOMO!
As seen in the RSI the lack of volume took out the A-B-C I plotted in the chart... clearly the chart was thinking less positive then I did. No problem! Re-adjust the plan and see what she will bring us today. Not many good at the moment...
I marked the red 'happy hour' box in the lower part of the chart to see if DGB will follow the trend she did prior to the 2017 bull run. Overall it is simply looking weak.
Let's hope everyone is on holiday now and the market will pick up the pace when we are fully rested and pump the volume.
For now... be careful! It might simply be beter to not look at the chart and enjoy the sun.
The 0.5 Fib clearly did not hold, busted right passed the .681... lets hope the .786 will give some support which has some back-up from the black support line.
Adjusted the 'happy hour area' a bit lower because of the major pull back in BTC yesterday. This is just the beginning of the real shake out... BTC is looking weak, the overall market is looking weak.
So get ready to buy one DGB and get two DGB! It will cheap!
Trade carefully and don't FOMO!
The bar is almost open guys! It appears to be weekend a bit earlier!
We busted through the .786 FIB gave a knock on the bar door and left... come on it is only Tuesday! Judging by the green line I was expecting a more controlled descending move down, not so violent as this. The red candles show the why! As seen on the RSI, that took a mayor hit. We might trade sideways here, but this is just the beginning.
Trade SAFE and don't FOMO!