DigixDAO/BTC Correction passed strong support, next lows comingMy previous prediction was correct but the price corssed strong resistance (yellow dotted line) that opens a way for deeper ride.
DGD
DGDBTC: Binance - Short and Long term trendOf course, 2 possible options, but which one is correct ?... wait and see?
DigixDAO/BTC - Correction highly possibleBitcoin is about to cross downtrend line from $19k hence is about to long term trend reversal. There is reverse dependence between DGD and Bitcoin prices as we can notice in historical charts, which can be confirmed in current drop from impulse move of DGD. Drop below the high of wave 3 (0.044 BTC) should confirm ABC correction and should fall to at least 50% fibo which is very close to the high from February 8th.
Hiding in DGD until March 1st might not be a bad idea.Concurrently with this upward trend and #bitcoin #btc downward trend analysis that I have been doing.
Looks like I will stash a majority of my portfolio in $dgd unless I see some miraculous breakout from #BTC.
NOT ADVICE - My analysis only.
DGD Searching for Support DGD vs BTC (by Request)Risk too high for long term investments.
DGD needs to use Fib levels to find support if it wants to go lateral.
Currently in downtrend.
Fueled by good news DigixDAO (DGD) will probably break outDigixDAO (DGDBTC) is usually inversely correlated with BTCUSD: whenever Bitcoin drops, DigixDAO tends to raise and whenever BTCUSD raises, DigixDAO tends to drop.
However, doing the past few days, in spite of BTC raising, DigixDAO has been increasing in price, gaining a market capitalization of over $ 1 billion and reaching rank #26 on CoinMarketCap.com, a little bit behind Binance Coin (BNB) which is #25.
I attribute this to major good news being reported by DigixDAO on the 27th of February:
launch of marketplace for DGX at the end of Q1 2018
demo version already undergoing testing on Kovan Ethereum testnet
new people hired
conference at the University of Singapore about the future of blockchains and crypto
I think that what DigixDAO will do (store real gold and make it available as Ethereum tokens) is easily worth $1 billion to the community.
DigixDAO has currently encountered resistance at a level of around 500 USD. I think that, if the pressure on the resistance continues for a few more hours, it will break out. The assault against the resistance zone has already lasted for about 12 hours, forming a bullish triangle. Just a few hours more and it will probably break out.
If it breaks out, DigixDAO (DGDBTC) will be #25 on CoinMarketCap, taking the place of Binance Coin (BNB). It is a good project which has made good progress. HODL! :)
DGDETH Buying Daddy a LamboSuch a consistent upward trend. With BTC and the market in general on a bullrun, I'm interested to see how much it will jump.
DGD is the new Tether! And it's the best way to short Bitcoin!When Tether got slapped, DGD took over. And it's much more volatile.
Crypto tips: DGD - The money maker in a bear's marketDGD is a coin based on gold, so the price is stable, compare to btc. Thus, when BTC goes down, DGD and USDT are the best plays for everybody. By looking at the chart, we can see the opposite pattern of the price between BTC and DGD. So whenever BTC goes down, throw all your money into DGD.
DGD-BTC is promising to run too high, just preparing to jumpIt's my first time to share an idea, may you can call it the first result of new student here
This BINANCE:DGDBTC as the chart showing have a very good opportunity to run high in small period
The targets as shown in fib lines, so keep an eye on it once it explode outside the triangle to catch the rocket before it's launch.
Happy safe trading all.
possible pitchforkI used an approximate 50% from the last down trend to start the tail of the pitchfork. If the second peak reverses around the upper limits of the fork it will confirm it.
DGDBTC looking like it is on an uptrend?Recently starting watching this coin. Really interesting. Hope to see it keep going up! Comments likes appreciated.
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.
DGD Descending TriangleBINANCE:DGDBTC is reaching the end of its descending triangle. So a subsequent breakdown/out is to be expected shortly (next few hours).
DGD USD short target 183DGD will go from moving sideways to a down trend to reach the support level around 183$
i'll keep you updated from there.
Salem.
