Amazing how fast altcoins hit their technical targets and sell off. You can see the W pattern on the 1 hour got hit in 1 wick. Now we are sitting on the top of an ascending wedge with a lot of buying momentum. Good chance we break upward here. If we do break down expect a 2week - 2 month bear market.
This is kinda a meme, but there is a W again on the daily. Points to 420$ around May 1.
We've finally gotten some volume again. Next stop Fib golden pocket ~ 1.08 Could be a good time to enter some LP. Did MEME really help pump DIGG? Or were the bears exhausted?
A Big correction in SPY could be bad for crypto.
This could be our way to 65$ and forming a real bottom
42k looks to be strong support for technical and fundamental reasons. Like MSTR ,SQ and TSLA buying. Look to the RSI to determine the fate of this break out. If we can get the RSI and energy above 50 towards the end of the triangle we go up. If below 50 we go down. Because of uncertainty in global markets probability is higher we go down first.
Starting to build up DIGG position here. Bullish RSI divergence.
Not sure exactly what to make of this BTC priced in RIOT shares. Maybe share buy backs after taking bitcoin profits? Might be time to sell RIOT and buy BTC
These guys are going to soar, but short term correction first
We were already going there fast, slowing down before we speed up again.
Unless this is the end to the 2021 alt season we will surely go up from here. We have this massive wedge we broke out of and are now retesting support. Momentum here is extremely bearish so be patient and wait for things to cool off. 44$ could be hit before we go back up.
We can see on the lower time frames, 2hr, 12hr, 2D things have turned bearish. RSI falling below 50 in shorter time frames, but staying elevated in 6D. There is some trouble brewing in the broader markets that could cause a shortterm drop in BTC. Also, we are just cooling off from our last jump up. 6D time frame is still pointing to a higher high.
Expecting a lower high ~78. Green RSI still below the white energy.
RSI has completed the retracement. There are a lot of patient buyers here that can wait for this coin to go back to 1 to 1. No volume under 1 to 1 just wait and pick up cheap coinz. BTC is KING. DIGG is a minimum the prince.
2 gaps left as evidence of a whales entry in and out of DIGG. ~20MM in liquidity BTC is feeling itself and DIGG is tired from a fast expansion. Wait for a lower entry, sit on your hands or take some profits if you have any.
Even with diminishing returns. The bollinger bands are expanding and converging around 200% per cycle in 4 -5 days cycles!! come along for this ride.
If we truly are parabolic, expect 124$ by Feb 16th
1 to 1 peg is the goal. Green RSI hit red RSI and is now getting above the White energy. This looks to cause a break out of this bearish pennant to the upside. Wait for confirmation.