DGB market cycle completed. Look to re-enter around 700 sat.

Very significant market cycle completed. Look to re-enter following a 75-88% fib retracement.

POLONIEX:DGBBTC

Trade active

Pattern following target line almost exactly. Target remains ~700 sat.

Note

Please keep in mind, that I don't advocate shorting anything in crypto unless you're very experienced. Crypto is the longest market on the planet. While I believe in my call, and it is still trending to target, The sheer influx of money has the power to overcome this. I would call it more of a "don't buy" than a short, at this point.

Trade closed: target reached

A successful sell from ~1500 sat, that yielded prices as low as 960. Although I believe 700 sat is still possible, I'm no longer confident. Lots of cash flowing into crypto, which may be supportive. Regardless, good trade or preservation of trading capital.

Note

Still not looking to re-enter long here. More information needed.

MarkCanna

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MarkCanna

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