DGB Descends to the Floor ScenarioThis idea is valid if and only if these conditions are satisfied:
1. Bitcoin descends to $1,175 during this market crash
2. DGB sellers capitulate with strong sell volume
3. A death cross occurs between the 50 and 200 day smooth moving average
4. DGB breaks downward from the upper ascending triangle
5. DGB breaks the blue support
I am not saying that this scenario will happen. This is being posted as an experiment to see how the price behaves. This can be used to evaluate risk especially during a bearish market.
Rest assured, if the price drops to these levels, I'll fill my bags to the brim. The smart play is to accumulate at these levels and hold long term.
Lastly, a massive bullish impulse wave would follow a correction of this magnitude.
This isn't investment advice. Trade at your own risk.
Fun fact: A buyer can purchase 12,815,994 Digibytes with a $4,000 investment if the price drops to $.0003196!!
