[POSSIBLE +100%-2000% LONG] DGBBTCHere's that jewel that most of us look for, it's still a 50/50 trade in my perspective, there's no clear confirmation but we see a clear decrease of the downtrend force, all the indicators are showing a slow reversion, smaller time frames are used to time the bottom it looks good.
The crucial here is the price staying above 120 for the next hours if so that means that probably that's a good bottom and a good confirmation, judging the enormous upside (+2000% until the last fib level) it is something that i would accumulate if price holds.
Fundamentals are ambiguous, the team failed several times delivering on conferences that's why the constant drops, but the coin/tech itself is good.
It's a technical purchase mostly, people realizing it is just too cheap.
Sell targets are all fib levels, sell at your own taste ;)
Altcoinsvsbtc
ETHBTC: Breaking down...The terms Bitfinex published for the upcoming B2X fork, may have started a chain reaction that is putting pressure in all coins that are paired against $BTC, as people borrowing $BTC, will also owe $B2X tokens after the Nov. Fork. Pair this with a lack of liquidity in $BTC from people withdrawing to receive the Bitcoin gold airdrop, and you have an explosive catalyst for a short squeeze in everything against $BTC. If I'm right, $ETHBTC -and everything */BTC- will melt down, and $BTCUSD could reach heights between 6300 and 9700 quickly, leading to an spectacular blow off top by Nov. 18th, as people return to exchanges to drop thier B2X and chaos breaks loose, with not 1, but 3 BTC forks in existence competing for the top dog spot.
Miners will be severely divided by then, and I think the outcome could have disastrous consequences in the short and intermediate term, but, after the bear market ends, we might resume the uptrends in these instruments. Best of luck if shorting here, keep a tight stop and let it cruise. At least, swap alts for $BTC and wait for $BTC top if long crypto.
Cheers,
Ivan Labrie.