If I were a whale then I would drive the price down to the .786 Fibonacci level so that I could accumulate at a discount. Then, I would drive the price up and cash out somewhere near the 2.54 Fibonacci level. As a matter of fact, I'm a minnow swimming in tumultuous waters with fat *** whales. Let's see what The Composite Man does. Target buy: Green Fib...
We wait on the sidelines for confirmation.
At this juncture, I expect that The Composite Man will drive the price down to 250 satoshi. This is a very attractive price for an entry into DGB. The first sell target is indicated on the chart. This isn't investment advice. Never put any trust in me or my ideas . Always conduct your own analysis.
Will we see a double bottom at 222 satoshi? The daily stochastic RSI is in the overbought zone. It really needs to reset. Let's see what happens. Regardless, I expect a strong reversal soon but we really are waiting on the BTC market.
Projected direction of price: Down. Also, the 5 VWMA crossed below the 20 which is a bearish signal.
Projected direction of price: Down. VWMA 5 is about to cross below the 20 which is a bearish signal. BTC also has bearish divergence.
A bullish scenario. I'm not sure how this idea will play out.
This idea is valid if and only if the neckline (purple support) is aggressively broken. The buy zone: Anywhere between the green support and $7,082. It is imperative that the green support holds. If broken, the probability of the price getting wrecked is extremely high. That being said, I would not be surprised to see a bear trap a few hundred dollars...
Perhaps we will see a double bottom on the green support. The green support is the most critical line on the entire chart. If the support holds, then it follows that Bitcoin has finished its correction and the market is bullish. If the support is broken, then Bitcoin (and the entire crypto market) is super bearish. Let's see what happens at the critical...
Another bear trap which leads to a short squeeze? Don't short the bottom. You'll get stopped out.
Golden cross on the daily log chart. Price should burst upward from the symmetrical triangle formation. Huge potential.
Observe how the 5 volume weighted moving average has crossed above the 20 on the 1 hour chart. This is a strong buy signal since it indicates a change in trend. Meaning, the price will go up provided the 5 VWMA stays above the 20. Sometimes these crosses fail and cross bearish. Stop loss at a bearish cross. Never trade against the trend! This is the ...
First, it must be stated that this analysis assumes the following: The 2018 crash of BTC is over! Only time will reveal whether that assumption is valid or invalid. If our assumption is correct then we can conclude that the crashes of Bitcoin are decreasing in severity over time. Here's the proof: The first crash plummeted to $.01 after it went on a...
I expect a reversal from this point.
A possible trajectory for DGB. Somewhat speculative. Let's see how this plays out.
This idea is similar to previous posts but has a different element. First, the price of BTC returns to its all-time high which is expected. Second, the price goes beyond the ATH to the amount featured in the diagram. What's the basis for said amount? I copied the fractal that followed the crash which proceeded its leg up to its previous ATH at $1,175. Let...