This is just what I am looking at. Since I am a newbie, all opinions are welcome.
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.
DGD is running inverse of BTC. It's equivalent of shorting BTC, and it's about to explode!
The graph above shows a comparison line chart between DGD (DigixDAO) vs BTC over the last 30 days. As you can see the correlation between the two is quite significant. It's not a -1 inverse correlation against Bitcoin so it's by no means a perfect hedge against a drop of BTC but good enough to trade on we think. To test this "theory", we thought lets put on...
When BTC spikes and drops in value many coins suffer and never recover. DigixDAO's purchasing power continues at a steady rate regardless of December's BTC peak and responded inversely to BTC's crash in early january and late February.
DGD has 3/4 signals Bullish. Waiting on the Bullish TK Cross which if it happens in bullish territory is a very strong signal. Clouds are very thin so if we don't see much momentum then could easily plunge back under. Below average volume for this hour and middle of the road RSI could help push this up if we see some good buy volume.
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.
Red line is support, other lines below are stronger.
BINANCE:DGDBTC is reaching the end of its descending triangle. So a subsequent breakdown/out is to be expected shortly (next few hours).
Hi all I covered DGD/BTC prior to the most recent breakout (35% increase), and noticed a Volume/Price divergence (as indicated by the VZO). I've returned again to show you that the same situation is occurring on the H1 chart. Price has trended sideways (2% increase) over the last day, and yet the VZO is showing a huge buildup of bullish pressure. To me, this is...
DGD looks tlike its preperaing for a big run up with an ascending fib consolidation. Important peaks are falling within the golden ratio and the underlying trend line is going up fast, break out could be within the next hours to the next days.
I wanted to share this because I thought it was cool. A way to recognize consolidation into bullish overdrive. Perfect Fibonacci bounces respectfully 78% and and down to 23% where it narrows further into the fib channel between 62 and 38 percent before breaking through the previous high on high volume. This shows an almost guaranteed bullish momentum follow...
Its pretty self explanatory. DGD has been going inversely to bitcoin since 3 days. DGD is a gold back cryptocurrency and due to the Tether FUD people are resorting to DGD. It's apparent that bitcoin is going down. MACD hasn't given the signal yet but its pretty close. Its a good time to hop in and ride the wave. My target is conservative. If BTC goes down to 7k...