Of course, 2 possible options, but which one is correct ?... wait and see?
Bitcoin is about to cross downtrend line from $19k hence is about to long term trend reversal. There is reverse dependence between DGD and Bitcoin prices as we can notice in historical charts, which can be confirmed in current drop from impulse move of DGD. Drop below the high of wave 3 (0.044 BTC) should confirm ABC correction and should fall to at least 50% fibo...
This is NOT financial advice, just a rookie having some fun lol Good Luck!
Concurrently with this upward trend and #bitcoin #btc downward trend analysis that I have been doing. Looks like I will stash a majority of my portfolio in $dgd unless I see some miraculous breakout from #BTC. NOT ADVICE - My analysis only.
Risk too high for long term investments. DGD needs to use Fib levels to find support if it wants to go lateral. Currently in downtrend.
DigixDAO (DGDBTC) is usually inversely correlated with BTCUSD: whenever Bitcoin drops, DigixDAO tends to raise and whenever BTCUSD raises, DigixDAO tends to drop. However, doing the past few days, in spite of BTC raising, DigixDAO has been increasing in price, gaining a market capitalization of over $ 1 billion and reaching rank #26 on CoinMarketCap.com, a little...
Such a consistent upward trend. With BTC and the market in general on a bullrun, I'm interested to see how much it will jump.
When Tether got slapped, DGD took over. And it's much more volatile.
DGD is a coin based on gold, so the price is stable, compare to btc. Thus, when BTC goes down, DGD and USDT are the best plays for everybody. By looking at the chart, we can see the opposite pattern of the price between BTC and DGD. So whenever BTC goes down, throw all your money into DGD.
It's my first time to share an idea, may you can call it the first result of new student here This BINANCE:DGDBTC as the chart showing have a very good opportunity to run high in small period The targets as shown in fib lines, so keep an eye on it once it explode outside the triangle to catch the rocket before it's launch. Happy safe trading all.
I used an approximate 50% from the last down trend to start the tail of the pitchfork. If the second peak reverses around the upper limits of the fork it will confirm it.
Recently starting watching this coin. Really interesting. Hope to see it keep going up! Comments likes appreciated.
DGD seems interesting atm. I was gonna post this 15 mins earlier but there was an issue with my ISP. Technically it touched the slim box, but go easy on this, there is no DIV to confirm a reversal. Volume is slowly rising though.