Long

Agrello DLT BTC Forecast - A Hidden Gem

Updated
DLT chart shows bullish patterns including ABCD pattern and if one looks at the bigger picture, a cup is forming with the peak at around 12,000. Also if you zoom out you'll notice a three drives pattern which usually end with a long bullish trend line which could lead to an all time high price achievement.

DLT will launch Blockhive ILP which is a fundraising method developed by blockhive and Oblicity, providing the tech for identity, loan and digital signature solution on the 26th of January 2018. This joint venture could prove a successful collaboration which might reflect in the price and those investors who believe.

This is not an invesetment advice, always do your own research.
Trade closed: stop reached
DLT failed to breakout mainly due to the delivery of news re launch of Blockhive. DLT news re launch was integrated in their weekly update instead of an official announcement which did not make the impact investors were expecting.

Remember that investors' expectations defeat a company's accomplishments if the delivery of news is not hyped. Unfortunately this is the case in several scenarios.

Fortunately for us, trade was not active as price did not surge to see a breakout.
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