BINANCE:DGDBTC just fell off the daily 55 ema support, however it might bounce back since the volume is really low and $BTC might bounce in a short period of time now.
The fib retracement was taken from the day it went uptrend until the highest close of the chart.
If it did bounce back, we might be seeing a giant ascending triangle in which if it is, will send $DGD right into the moon. However if it did not, i'd set up zones in which I will buy and do a a bounce play.
Reasons of buy zone is as follows
B1. Possibility of a giant triangle in which if is true, will give good amount of profits even though it is inside the triangle. The difference between B1 and the top of the triangle is around 60% which if you ask me, quite big. Also if a fib retracement was taken from the first moonshot of DGD, it sits right in 0.618-0.65 fib retracement. if it is a ascending triangle, it might go up to 0.09BTC which gives me a 150% profit
B2. It is the 0.5 fib retracement and it has a good chance of bouncing up from there. also if it did break the triangle, there is a good chance of the 100-EMA rising on this level when $DGD lands on the 0.5 EMA.
B3. If it still does fall. there is a huge chance of it falling in this level in which it is the golden pocket. And if it did bounce on this level, it will be big. Just like how the previous bounce from this level is. Also, a bounce from here forms a double bottom. I'd say, if it does land here. I will sell what I can sell and buy $DGD and I will sell on a 1:1 fib extension which will land in 0.0717 BTC. And it will also put me into retirement
I'll set up my stop losses tight, however I will look into the 4 hour chart for that, since $DGD has tremendous volatility, except on B3
The fib retracement was taken from the day it went uptrend until the highest close of the chart.
If it did bounce back, we might be seeing a giant ascending triangle in which if it is, will send $DGD right into the moon. However if it did not, i'd set up zones in which I will buy and do a a bounce play.
Reasons of buy zone is as follows
B1. Possibility of a giant triangle in which if is true, will give good amount of profits even though it is inside the triangle. The difference between B1 and the top of the triangle is around 60% which if you ask me, quite big. Also if a fib retracement was taken from the first moonshot of DGD, it sits right in 0.618-0.65 fib retracement. if it is a ascending triangle, it might go up to 0.09BTC which gives me a 150% profit
B2. It is the 0.5 fib retracement and it has a good chance of bouncing up from there. also if it did break the triangle, there is a good chance of the 100-EMA rising on this level when $DGD lands on the 0.5 EMA.
B3. If it still does fall. there is a huge chance of it falling in this level in which it is the golden pocket. And if it did bounce on this level, it will be big. Just like how the previous bounce from this level is. Also, a bounce from here forms a double bottom. I'd say, if it does land here. I will sell what I can sell and buy $DGD and I will sell on a 1:1 fib extension which will land in 0.0717 BTC. And it will also put me into retirement
I'll set up my stop losses tight, however I will look into the 4 hour chart for that, since $DGD has tremendous volatility, except on B3
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It did bounce. Currently testing the 55-EMA on the daily. If you look at the 4 hour, it is quite far off but if you set your stop losses right now. You will surely profit.
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Oops, $DGD has now fallen off the triangle. B2, is the next place to buy, if I were you, @3077777 sats. Buy only a small quantity though, I believe the money is on B3.