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DeFiChain / Bitcoin
Long

DFI/BTC: Ready for takeoff?

By p4917
Updated
Beautiful wedge pattern over the daily closing price chart in DFI/BTC. Works as well with normal candles but is here a little bit cleaner. Seems like if BTC does get bullish - DFI is getting extremly bullish!
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Update -> seems to go to the next level soon:

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Since the beginning of 2022, DFI is getting stronger and stronger against BTC. We're about to enter a nex level in DFI/BTC now:

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DFI has definitely got a hit in the face, but it seems to recover very quickly after the 38.2 fib level has been reached. Compared to other altcoins, this appears to be relatively strong:

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The BTC/DFI ratio could have found a bottom now. I could imagine that as the price of BTC keeps slowly rising, the ratio of DFI could increase gradually to the upside as well.
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altcoinaltcoinsbitcoinpairbitcoinpairsChart PatternsDEFIdefichainDFIDFIBTCdfichainFibonacciWedge

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