DGD has been in a downward trending channel since March 01. It went on a great run in MID FEB as BTC and other ALTS were bleeding out in value. Looks like DGD has found a bottom and poise to start a bull run while the rest of the market is becoming more uncertain.
Strong support at FIB LEVEL 0.236. STOCH RSI showing bullish convergence. MACD looking to cross on the daily chart. Stop loss at 0.13990 as there's a chance DGD might want to break down to previous support and FIB LEVEL 0.118.
The first test would be for DGD to break out of it's current channel and test 0.27185. Everyone is expecting BTC to turn around on JUNE 6TH to finish it's ascending wedge towards 10-12k. Lets hope that before that DGD makes it move before that.
*Disclaimer 1) This is for educational purposes only and not financial advice. (blah blah blah) 2) I would really appreciate if you left a comment and some feedback if you like this post. 3) If you disagree with me, let me know what I'm overlooking. It's not about being right or wrong. It's more about creating a helpful and open discussion. 4) I like posting my ideas to keep myself accountable and try to get better about TA for myself. It's better than cycling through my different charts with constantly changing trading strategies. 4) If you are going to leave a troll type comment saying I'm wrong after the fact, you can go John McAfee at a BTC 2.86% under 1 million USD by the end of 2020.
Hi.
I,m bought DGD on 0.026 btc and hold today. Now all market so dangerous and possible lose their money
But if DGD starts you move against market, we can get increase our bitcoin
UnknownUnicorn2706281
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@ZLOYSTUFF, I agree. I was in the same boat as you. Looking back a month later, even though DGD brokedown to hold it's FIB .023 level but still holding above a stop loss of .013990. It's definitely a long term play. BTCUSD has been making moves in the past few days and as a result so have many ALTS. DGD has been consolidating for quite some time. A bull trap for BTC as it tries to push 6.8K USD this week could give DGD an opportunity to make up it's previous gains.
I,m bought DGD on 0.026 btc and hold today. Now all market so dangerous and possible lose their money
But if DGD starts you move against market, we can get increase our bitcoin