Bigmoves01
Long

123hrs are oversold 4hr and day a over boughstill RSI

BITTREX:DGBUSD   DigiByte / US Dollar
DGB is coming down from a moon shot.
DGB will probably be on coinbase next year or sooner. YOU WILL HEAR PEOPLE TALK ABOUT THIS BUT DONT LISTEN. Events like this are not going to be a for sure shot up. Always look at the rsi and the charts and make your own opinion. Coinbase could mean more buyers and the price increasing but could also mean more sellers and a downfall. Although, I think a coinbase listing over time will be a boost up

RIght now on the 1 2 and 3 hr charts, the rsi is coming up but on the 4 and daily chart , they are dropping. to me, this means you will see a spike up almost to our over sold RSI . Just below it and then a sharp drop . I dont think the RSi will hit about 70 on it's way up before the drop .

DGB is coming out of what I believe is a double top on the 4 hr . So, we could see a retest of the top before a drop downwards. This may support my previous statement of a spike up before a drop .
Comment: "DGB is coming out of what I believe is a double top on the 4 hr . So, we could see a retest of the top before a drop downwards. This may support my previous statement of a spike up before a drop ."

A retest of top DONE
Drop downwards DONE
Comment: I dont think the RSi will hit about 70 on it's way up before the drop .

Smashed 70

Comments

Finally someone with sense
+1 Reply
Thanks ! I just bought a ton
+1 Reply
Bigmoves01 deadhead73
@deadhead73, You are welcome
Reply
So here we are weeks after your prediction and DGB is still trading in the same range along with BTC and others. Your theory didn’t hold up. I expect another move up as BTC finally breaks $10k. Bears are exhausted as BTC has made a solid floor at $8900.
Reply
Bigmoves01 rkalish
@rkalish, Take away the Binance listing and it would have played out as I predicted. It spiked up an dropped. I said it would spike up and drop. It spiked sooner and Higher than I thought but the pattern is almost the same. If you followed my theory you would've bought when I posted and expected a spike up and got one. And would have received it. But this is not financial advice.
Reply
Anyone who trades on such short windows is missing the big picture. There is basically nothing constructive gained looking at these time frames. The only thing short time frames offer is a confirmation of a larger trend. You cannot develop a trading strategy on 2, 3 or 4 hour windows. Sorry but that is fact.
Reply
Bigmoves01 rkalish
@rkalish, But, this is my problem with the daily TF. And feel free to correct my problem. I watched LTC go from 20- 140 in 2019 and my LTC bag grew. But on the way to 140 there were dips and peaks. I couldve made more gains if I sold and bought in the dips and peaks. So, 2020 that's what I want to do. You said it yourself only thing short time frames have to offer is confirmation of a larger move and I feel that is a lot to offer.
my strategy is that the smaller time frames support a big move and that is what I posted. 123 hrs were going up and they did. I said this could be a double top with a top retest and look at that possible retest drop. I said the rsi would not break 70 and that was wrong. They got destroyed.
What are your suggestions, I am open.
Should I just be looking for patterns in the daily?
Reply
rkalish Bigmoves01
@Bigmoves01, In my opinion trading in short time frames is investment suicide. You can’t predict anything really with any accuracy. I look at the daily only in order to decide if I am buying today or not. If you always buy the dip then when it moon shots all your positions are profitable. Day trading crypto is about as good as betting it all on black on the roullete table. We all know how it worked out for Wesley...
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out