RotiWokeman

DGB BTC probably the next to bull run

RotiWokeman 업데이트됨   
BITTREX:DGBUSD   DigiByte
Keep an eye on the formation of higher highs and higher lows. TD sequential looks good for a bullish reversal back to where it was earlier. I'm seeing a lot of accumulation and the lower cap on this alt causes sudden volatility. This one has some woowoo in it ;)
코멘트:
target 744 but only because I expect resistance to knock it down. Then I'm jumping right back in.
I expect this to reach 1000 relatively soon.
코멘트:
Just realized I accidentally put up the USD chart. I'm referring to the BTC chart.
코멘트:
RSI looks healthy, may be a bit correlated with BTC/USD price action but the DGB/ETH price action looked healthy as well.

코멘트:
Using a 2D chart to reveal a big red cloud. Next edge-to-edge break? I'm expecting resistance around congestion zones depicted by the blue horizontal lines. Targets are listed on the Y axis.

액티브 트레이드:
Ooh I missed that congestion area. A little unsure about my next target, it will likely break past 1000 before some retracement.
코멘트:
Oh wait, I did call it, just wasn't my next target. Missed my own resistance level. *flex flex*
코멘트:
Bull flag and target price adjusted for expected large breakout to the upside. I will also look for a breakout of the triangle in the RSI.

코멘트:
Target chosen for expected congested area.

코멘트:
A correction developed a new leg of support. It may consolidate lower but I'm leaning more towards this scenario:

Watch for a volume spike in the RSI triangle breakout first
I'm expecting not only a recovery but a full-on breakout to the upside
to my next congestion line

코멘트:

DGB back above the bullish flag, which I extended out a bit.

If we get a bullish golden cross on the daily over the next day or two, that's going to be a very strong confirmation for a move upward.
코멘트:
Bad news bears today. The market overall is descending with BTC, another clue that correlations are changing a bit. People seem to be moving into fiat and alternatives such as Bitcoin Cash during dips like this. Notice DGB doesn't have much volume and yet it is falling anyway.

Look at the triangles I fitted over the chart, adjusted for the new price action.

Looks like the shorter term triangle support was broken and we're headed for a more multi-day support line. It may get deep into the cloud before we bounce again. I'll admit that DGB has turned out to not be a great intraday option ever since the last pump. I'm still very bullish for the long term, I'm just not so sure about the shorter term.
코멘트:
코멘트:
Bingo there's the volume, what a cool thing to come back from dinner to :D

매매 수동청산:
This is old analysis but useful for educational purposes. The bull run didn't happen as expected, I sense that this will continue to consolidate for some time longer but in the long run will see significant gains. See my newer publication on DGB.

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