DGB idea for shrt and mid term. @Excavo whats your idea? can help with it?
Dgb is an Old and well known Coin.
not a financial advice. but.
im not saying a word about timing, but i can see possible movements and chances with aims
Excavo
15.07.2020 - Bitcoin (BTC/USD)Hi traders,
we have our regular analyzes back. Since we did the analysis after a long time, today we will look at a higher time frame on Bitcoin. Specifically, it will be a daily chart.
On the daily chart, we follow the huge triangle that has formed there in the recent years. The top edge of the trend line is at ATH so it's about $ 20,000. Then the trendline captures the last year's peak. On the contrary, we still have value from the beginning of 2017 at the bottom edge, as well as our last bottom, which was at the level of $ 3,000. However, we tested this support once again, and it was exactly in March when a great panic over COVID-19 came on the market.
So, at the moment we see that Bitcoin is compressed between two strong trend lines. We past the halving and due to the economic situation Bitcoin should tend to push more up. However, I have outlined two basic scenarios in the graph that you should follow now.
Bullish scenario
In this scenario, we speculate that Bitcoin will be able to break the upper trend line and the $ 10,472 threshold to create a higher maximum. If we can break through these key values and stay above them, then we can talk about another bull trend.
Bearish scenario
In this, we speculate that Bitcoin will not be able to break through the above-mentioned levels and will still test the supports at the level of $ 6,000 or $ 8,000 dollars.
Conclusion
At this point, we have to wait for Bitcoin to decide. We have been consolidating below the trend line for almost 2 months, but we have not yet been able to break it. Until that happens, we can still go lower.
May the crypto be with you!
XVG Trad Idea What If... 64 is a bottom? And you can Buy at 70 sats?
are you ready to go 100+ sats?
its not an financial adwice
but just my view ...
Cheers Excavo
CADJPY buy opportunity follow me for more free accurate trades, check previous ideas, like and comment if u have a question or different opinion.
USD/CADWe touched the bottom support line of the triangle. It heads towards the blue horizontal resistance line. Trading with a small stop loss.
Best regards EXCAVO
BTCUSDONCE BTC CLOSS BELOW 9200$, WE WILL SEE A STRONG SELL OF TO THE DOWN SIDE
CREATING BEAUTIFUL WICKS REJECTIONS, BUT THAT WICKS IS NOT ENOUGH TO
HOLD BTC NOT TO GO BEARISH BUT IF IT DON'T,
IT IS WHAT IT IS
USDCADAfter exponential growth, we began to fall and formed a triangle with horizontal support, I have seen this formation many times. for example, bitcoin did show such an e formation and at the end of the triangle, we broke a support line. In this case, I think we will reach the support line of the triangle after that we can touch the trend line.
Best regards EXCAVO
900 pips GBP/CAD buy setup. Follow me for more free accurate trades. Check my previous ideas, like and comment if you have a question or different opinion.
300 pips AUD/USD sell setupFollow me for more free accurate trades. check my previous then like and comment if you have a question or different opinion.
SP-500To win the next election of President Trump. need to see new highs before November 3rd.
And he will do anything for it.
In fact, he has already done everything for this.
The Fed included the printing press without restrictions. The interest rate is 0. And all this money will not go to the real economy. Most of the money will go to financial markets, what we see now.
Best regards EXCAVO
NZD/USD buy setup9 minutes ago
Expert the Risk Tone to be the major currency driver.
The Key is for fundamental analysis to in line with the technical.
* If there is any progress regarding the Contamination of the corona Virus.
* If there's any progression with the economic opening as well and deescalation with the USA/CHINA war to move the trade.
Thank You in Advance.
Pound/Dollar Buy setupExpert the Risk Tone to be the major currency driver.
The Key is for fundamental analysis to in line with the technical.
* If there is any progress regarding the brexit talks, that will be the major currency driver.
* If there's any progression with the economic opening as well and deescalation with the USA/CHINA war to move the trade.
Thank You in Advance.
Buy at current levelsMay 15
NZDCHF Elliott wave Theory Update:
NZDCHF Look Bullish as per Technical analysis Chart.
look Elliott wave in 4 hour Time Frame.
A,B,C Correction is complete
Thank you in Advance.
BTCUSDbtc have give us a nice bullish flag after breaking the previous resistance. we will see 10k$ soon soon
Stellar XLM After we'd reached the top of the horizontal channel which is the accumulation zone, XLM went down and now we are at the 61.8% Fibonacci level.
Stellar grew in correlation with Bitcoin. During the last weeks, only two coins were growing paired with bitcoin - DGB and XLM.
In my opinion, we are still in the zone of accumulation. After we'll break the resistance line we can see a very big upward movement and it will be a new bullish cycle.
Best regards EXCAVO
