Consolidation before big move $DAG$DAG has bounced ~60% from its recent low and is currently sitting in a falling wedge. Expect some sideways movement for the next few days before a break out!
DAGBTC trade ideas
Constellation (DAG) Possible 100% Breakout MoveThe chart says it all.
These breakouts of the descending triangle are happening all over just now and are great indicators for big moves upwards,
DAG boom soon - Pullback on broken bearish trend lineIt also has divergence and most indicators confirm that :)
DAGBTCDAGBTC update
Entonnoir : W/D/H4 (swing)
Le biais est haussier en weekly. Le daily est en compression (jaune). Si on casse cette compression daily à la hausse, il serait considéré de se placer à l'achat. Attention à programmer vos TP haut et à l'avance sur cette paire très volatile avec énormément de mèches de revente.
C'est le genre de paire sur laquelle faire des trades éclair. Ne pas s'éterniser dessus.
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Funnel : W/D/H4 (swing)
The bias is bullish on weekly. The daily is currently compressing (yellow). If we breakout by the top of this daily compression, it might worth a try to go long. Be careful to set up TP high and in advance as this pair is high in volatility with a lot of candles being sold straight away.
This is the type of asset you want to enter quick and get out even quicker. I would not HODL this thing.
Perfect opportunity to buy back approaching 1D.There is no doubt $DAG is the new kid on the block looking to climb up the ranks. In my opinion it is THE hidden gem with the best chance due to its outstanding use-cases, which are proven in their recent partnerships forming - emphasizing the possibilities of a good long-term trade. Although I highly believe in the long-term future of $DAG - it is still appropriate to always buy in at the lowest point to maximize gains, and therefore hopefully this setup will present to you guidelines in achieving this.
Technical Analysis:
We have had a strong rally in recent weeks due to the partnerships forming (USAF, LINK etc) and therefore we need to look for a strong-pullback to buy in.
The TA suggest we should see an opportunity to go long between the 0.5 & 0.618 fib, which will coincide between the 50 & 100 ema's, which I have marked in green. This is your buy in opportunity.
Furthermore, I suggest you start to dollar cost average within this region to enable a higher probability of achieving the bottom. We should see the complete bottom to be @ previous resistance @ 150 sats
Happy trading.
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DAG/BTC Parabollic movesAs shown in the chart above, we are seeing DAG/BTC in a parabolic increase since July 15th of the current year. A parabolic increase is a great way to make money, yet a very risky play, if the signs of a possible break are disregarded.
We ask a series of questions to determine the technical status of DAG/BTC
Is this parabolic increase about to break?
No, right now, we se every little signs of weakness but therefore a lot of signs of strength.
For example, the volume shows us very clearly that during the whole move and even at these high levels buyers are still stepping in and sellers seem to be non-existent.
Looking at the TJ-Index, which is made out of 15 different indicators, we clearly see a very high number, indicating us confluence for the bullishness we see, since almost all of the built in indicators and conditions are still very bullish.
What is the best entry? Which levels can we expect?
Entering DAG/BTC at this point in time is most likely not the wisest decision an investor/trader could make. We are at what seems to be the end of a parabolic advance, which is mostly followed by a retrace to previous key-levels.
Here, we are especially looking at the key-area of 153971 and 145052.
This particular area was a key area of resistance for almost two full months. Nevertheless, it broke on the most recent push upwards, after hitting the parabolic curve once again.
Based on the fact that we are right now at a HTF resistance, in a strong yet overbought structure, which is slowly but surely locally loosing on strength, the only reasonable expectation we can have right now, is a retrace in the mentioned key-area.
A retrace into this particular area would also mean two things.
One would be a Support and Resistance flip, which is mostly a very bullish sign and asks for a trend continuation.
Second, a re-confirmation of the parabolic curve. We see in such parabolic increases very often a consistent re-confirmation of the main curve which acts as a trend line of sorts.
Even though, the most likely and desired option is a retrace, there is a worthwhile chance that DAG/BTC will just continue this most recent push through and above the local resistance level. In that case, we would be looking for a support and resistance flip at that particular level of 196000.
Conclusion
DAG/BTC is definitely a very bullish pair and is most likely to be one of the top performers for the upcoming months. Nevertheless, an unthought entry can bring an unwanted drawdown.
A full-size entry at the local levels is surely not suggested, since a retrace into the area of 153971 and 145052, looking at the history of DAG/BTC, is the most viable and reasonable scenario to occur.
DAGBTCDAGBTC
Entonnoir : W/D/H4 (swing)
Je ne fais plus d'AT sur les alts sauf celles qui sont sur un biais haussier en weekly et c'est le cas de celle-ci.
Le daily est lui aussi haussier mais le mouvement est bien trop vieux que pour prendre position maintenant. Il faudra attendre un throwback sur la zone de S/R des ~87000 ou bien sur la borne supérieure de la compression weekly (blanc) vers les ~48000.
Dans tous les cas, pas d'opportunité de trade safe avant la prochaine sortie de compression daily.
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Funnel : W/D/H4 (swing)
I won't post TA on alts anymore except for those which are back on a bullish biais on weekly just like DAG.
The daily is in uptrend but the trend is way too old to take position now. We should wait a throwback on the zone of S/R at ~87000 or, even better, on the upper side of the weekly compression (white) at ~48000.
Anyway, there is no safe trading opportunity before the next daily compression breakout.
