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@XenoBiologist, Yes, 7/2019 is one of my sell targets at around $12. My overall strategy is to sell at peaks of 1,3,5 waves with reentry on 2,4, and C dips. This way I can accumulate a stronger position in DGB without investing new capital while mitigating risk.
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@XenoBiologist, I totally understand. And, my pleasure.
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@Andrew138, Thanks!! I'm not sure how this will play out so we'll have to wait and see. A $12 valuation in 2019 doesn't seem unrealistic in my opinion. But, for that to happen, we would need to have aggressive rallies as demonstrated in the chart. I did my best to project realistic time frames but timing is very hard to predict. Direction of price movements is the focal point.
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I'm currently working on a BTC projection which I will post in the comments once it is finished.
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The following chart assumes BTC has finished its correction:
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My prediction for BTC:
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A bullish scenario:
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Inverse head and shoulders formation on BTC & DGB charts:
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A bearish scenario for BTC & DGB if BTC hasn't finished its ABC correction:
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Head & Shoulders formation on DGB USD log chart:
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If this BTC idea plays out then the alts will get slaughtered:
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BTC buy zone based on Fibonacci levels: $4,384 - $1,819
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BTC bullish pennant scenario:
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Questions for your consideration regarding Bitcoin:
