I wont sit here and pretend to entertain with a bunch of technicals. It's a channel. It bounced up. That's good. Now go check on your other coins.
SIX nailed it on open day. Should be a fun ride from here on out. In the green and nothing to lose from here.
Something I'll rarely to never post about but here's great spot to stage in some trailing stops. This strategy is so much more effective in loss or risk management then trying to scalp the top and hope fora bottom. Just let the market run. Right now the money is yours. Should the market decide it's not going to stay there at least you can automatically keep what...
We've seen a lot of charts over the years in stocks and crypto break under long trend. Overall fundamentals are rather bland right now. All he lies about ETF's have cooled off. ETH forks talk has faded with delays. BTC is still for the most part in an upward trend and we're just now testing that speculation.
Fundamentals aside, things could change, but as we sit now the long FIB channel has been broken, lower lows, still playing the FIBs as expected. I'd anticipate not only short sellers but long investors to hedge out until further announcements on who will be taking the thrown. I had a glance at TENCENT in comparison and both seem to be in the same algo. I'd run a...
It doesn't appear we're going to get much lower with BTC and that garbage ass ASICS so with that I can start to look at DGB with a fresh analysis. We're staying pretty consistent in a bullish channel. It's not a terrible time to buy as long as we keep our stop loss in play.
H&S, low high, overbought, support needs retesting, earning around the corner, following channel with ease for the past year. I don't see a huge rally yet. I'm looking for $76 here.
I really didn't feel like drafting anything up for this chart. I like DGB, I really do, but when I said it was going down I had a bunch of you boobs respond with crayon charts drawing a never-ending moon line going up up and up. And here we are under 400 again.
Without getting into too much detail and I'm not trying to spread any FUD. The numbers and FIBs are what they are. Take in some FA plus a high potential for another winter season and we have a support marked at 1.27 FIB extension. I know I know there's a few variation to look at. It's not by coincidence this strategy lines up with a past support. Those tend to be...
Don't jump just yet. 4hr RSI still pointing down. FIB retracement resistance has been met. I'm afraid we're not done yet. This is a classic sausage.
Technically breaking FIB .6 makes a trend invalid. That's exactly what we have here. So what's next? Market sentiment is down, no new or upcoming events, Q3 is usually slow through until Oct when thing tend to pick up, and BTC is leveling out near price with no confirmed signal of reversal. So that's all going to play a roll in what's next for DGB and alts all...
Waiting to see this last dip as the weekend warriors close out. After that it'll be intersting to see how the US opens up. They tend to have an early opening. So for RSI says they might respond short.