DGD/BTC - Potential break out soon(TM)

DGD seems interesting atm. I was gonna post this 15 mins earlier but there was an issue with my ISP.

Technically it touched the slim box, but go easy on this, there is no DIV to confirm a reversal. Volume is slowly rising though.

코멘트:

Massive candle on the 30mins. about to break channel resistance.

코멘트:

Braking out of channel.

코멘트:

코멘트:

Target reached, big resistance at 31k sats.

거래청산: 타겟 닿음:

Taking profit and probably will re- enter after a pull back.

코멘트:

Medium target reached, pretty impressive in such a short time. Too bad i cashed out. :)

코멘트:

Its hard to know whats its next move at this point. Complicated structure to have an EW count. But something will happen soon. BB squeezing in + cymetrical triangle.

코멘트:

코멘트:

In case it goes up, WITH VOLUME! Its targeting the extreme box for point (B) of the overall correction, after that its an easy short call IMO.

코멘트:

Probably going up, im not taking the trade tho, neither advice you to do so.
Evaluate the R:R before taking a decision.

코멘트:

And this is why im not gonna take the trade as of now...

코멘트:

Rising Wedge. At best it will hit the medium box before going down.
Bearish short term.

코멘트:

코멘트:

It reached extreme, but it was extreme for a reason... Bitcoin should start stabilizing soon so if the inverse relationship works everytime this should come down soon. Also there are DIVs on lower timeframes...

코멘트:

코멘트:

Hey guys. I haven't update this for a while but i have been trading it to check if the inverse relationship with Bitcoin is true, thats why i linked another idea for you to check.

It has reached at 2 cricial fib levels right now, so in the short term i expect it to retrace before trying for higher ( if thats possible).

코멘트:

코멘트:

crucial or critical ** I was thinking which word to use and as you can see i ended up with a mixture of both! :)

코멘트:

More down trend, almost halfway there.

코멘트:

It bounced at the fib but only cause of bitcoin retracing. But we are almost there.