bearish pattern completion for head and shoulders failed
many tests of the weekly moving averages to support the price at various milestones is crypto winter finally over? DGB looking strong among the pack
16 months of selling and then bang! All wiped out in a single month are they all gone?
posting this as I am only interested in watching the price react to historic levels most trading patterns tend to broken by the market shapes are arbitrary I trade horizontal lines only not trading advice
this long drawn out battle with .175 does not bode well for inverse XRP currently below/above/below?/above? the 100 MA the price action is looking more and more like a drop to the 2.75 is imminent and if the 2.75 does not hold then watch out!
in this inverse view of DGB it is clear that many support levels have been lost the price could not hold on to the channel bottom or the support at .165 if it cannot get back above .165 the unfortunate next support is .05 we can only wait and see if it holds crashing upwards
ETN has finally sprung and is in the beginning of the markup stage expecting a return to the 2018 high of .146 and many targets beyond not trading advice not financial advice actual advice: go learn things for your self
the next few years look like a great opportunity for Digibyte. Looking at the track records of the previous cycle one can imagine the potential. Leaving this chart here to see how the future plays out for DGB Personally I am only committed to sell 10% of any remaining DGB at any given milestone that it reaches. Never selling more than 10% of remaining positions...
DGB has been contained, for the most part, by the 18 moving average of highs and lows recent volatility has found DGB using the 18 low and high as support will the move continue to the 2017 ATH in a parabolic path?
insane, unrealistic, ridiculous target $308 same fib increases as previous bull run but obviously never going to happen... but just in case I will always keep 1000 XRP in the wallet for such a day but of course never going to happen not even if the FED prints 2 trillion dollars, or 10 trillion, or 100 trillion, well... maybe 100 trillion happy trading
wyckoff spring in effect distribution from previous ATH .12 markdown follwed by accumulation one last push for the weak holders and spring to new markup phase
breaking all bearish limitations DGB has managed to break out of and over 20 WMA 50 WMA down channel resistance at .00848 trend change is in the air
cup and handle retested pattern completion at .22
massive changing of hands happening at the longest support of .145 there is likely an epic break out coming either to the downside, or to the upside it likely won't be small considering the volume that just occurred in the last 3 weeks this week is already shaping up to be a high volume week
so far so good recent entry at .146 is starting to look like a winner looking forward to weekly close and monthly close
could be longer to wait for the bitcoin bull run to start if this plays out in my experience all shapes and wave counts tend to get invalidated by the markets any number of scenarios can still play out ultimately it all depends on how much the world wants to own bitcoin