Long
Digibyte DGBBTC - Hidden Bullish Divergence & ST Cup & Handle
Digibyte looking bullish short-term because it's in a Segwit activation period and looks like it will get the support. Don't know what to expect long-term or if the excitement will last beyond that, but in the short term there's pump potential if this gets some steam.
Looks like a cup & handle forming, watch for a breakout past the neckline.
Supported by the fact that there's a pretty clear Hidden Bullish Divergence on the Stochastic.
As always, pay attention to bitcoin and be careful!
Looks like a cup & handle forming, watch for a breakout past the neckline.
Supported by the fact that there's a pretty clear Hidden Bullish Divergence on the Stochastic.
As always, pay attention to bitcoin and be careful!
Order cancelled
Well the pattern was broken by the bitcoin rally, and now that Litecoin seems to be ready to activate Segwit, this coin looks a lot less interesting since the excitement was really only around it activating Segwit. Still may rise but I don't see a strong case for it anymore so I'm out of this trade.Note
On the other hand - it did just break out of this triangle, Stochastic is low on higher timeframes, and Segwit activation is about an hour away...so I'm back in with a small position to catch a pump. Definitely a FOMO trade...
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.