XenoBiologist

DGB no HnS - possible flag?

BITTREX:DGBBTC   Digibyte / Bitcoin
In a previous idea I had posted that DGB             was forming a possible head and shoulders , which it did. Was the neck line violated? No it was not. How is DGB             looking now? Pretty well!

It seems that on the 1h DGB             might be forming a possible bull-flag, this is of course hypothetical and just wanted to share some positive news. Please do not trade on this information as we should wait for more information. DGB             and the market as a whole depends on the movements which BTC             makes.

What will I do personally? I bought a good amount of DGB             at the base of this possible flag pole, and set tight stops. Did you do this? Good job!

How are the EMAs looking? Well it seems that DGB             stopped short of the 50 day EMA on the 1d chart and is now trading above the 50 on the 1h chart. The 50 on the 1d chart more or less coincides with the 0.5 fib level. So it seems has become a major point of resistance. On the 1d chart the MACD seems to have almost kissed and the RSI is starting to look up, this will play out over the next few days.

Predictions? I think if we get a bull-flag formed, DGB             will strongly go up to test the aforementioned resistance level . A new floor will be set just below or maybe even above this resistance level and we'll trade sideways for a while.

I've wanted to pick some more DGB             up, what am I going to do? I'm going to wait to see what happens and if we get a bull-flag. If we do I'll buy the point of the flag and set a tight stop loss. Could this be a false break out? YES! Is this a risky trade? VERY.

Thanks for your attention please leave a comment challenge my ideas lets discuss!

This is not financial advice, please do your own research, and I am not a financial advisor.

Best of luck.
X
i sell at 400 from where i can enter again ?
Antworten
@nmrs, Ouch when did you sell? It can't go up forever there will eventually be a pullback so then I suppose. Just be patient. But as I've said before not a financial advisor and not financial advice! So do your own research and learn to set up your buys and sells.
+1 Antworten
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