Daily chart showing a nice resistance and good looking buy zone for future bull runs.
Crypto traffic is increasing again in bitcoin and alts so this could be one of the final positions before another big push up.
The highlighted yellow in the chart shows a recurring pattern before it hits the resistance line and subsequently bounces off.
Use any techniques like this to help astablish a large patterns future points.
In this example it has helped show that the last point of this ABCDE wave. My expectations are for this to go long now.
Use this price for a nice buy in...
Possible scenario, #ElliotWave formation on $BTCUSD $BTC Possible fomo impulse to initially push just past 10k but pullback will most likely happen at that point.
Look for 3 correction phases, ABC before next move.
Just zooming in here for a 1hour candle view to acompany my previous 4H chart.
We can see the pressure is on for a break out in a direction. Mixed feelings on direction from just this chart but I would lean on Long due to my other chart.
However we should wait for a volume spike to show the direction. Remeber wait for the candle to close.
I drew this ABCDE last week and its played out rather nice.
We see now another triangle pattern formed around the resistance zone. Its looking like a retest but we need a higher volume spike to indicate a direction..
Sentiment is still bullish with some possible short term support tests
Looking back we can see a very similar run of 3 tests of support then drops below support then back to test the new resistance.
Looking at the angles of these runs between the tests of Resistance we can see they are averaging around 58%
We can see previously it tests 3 times before pumping up half way before coming right back down below support. This is something...
If we break and hold above 40 Next stop is 65. Expecting s little pullback then back above 65. This all with news coming soon on new developments and updates. This could blow out the water.
If we close above the cloud it will signal a reversal for DGB and Would be a long regardless of speed buys.
Nice LONG setup here. Expecting a small pullback to the green support line signalled by Stoch and soon RSI , although looking at past patterns in FCT this could well shoot up before that.
There is space here to make some profits as we climb to D with a sell and re-buy at E.
Stop-loss could be just under the green line drawn however this could be a bit tight and...
The first quarter is promising good developments for the DigiByte devs.
A close above 30 could signal the next bull up. But if it breaks below 29 we could see 25 - 20
Could also be more sideways in accumulation.