Updated

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.

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

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Braking out of channel.

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Target reached, big resistance at 31k sats.

Trade closed: target reached

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

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

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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.

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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.

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

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

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

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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...

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Inverse Correlatoin Between DGD (DigixDAO) vs BTC

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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).

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

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More down trend, almost halfway there.

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

Acel

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Acel

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