Hey. Here is my all natural, eco and local handdrawn chart update for DGD. This is just what I a see here. I don't have a clue about TA. So better don't trust it. ;) No financial advice so to say.
I still hope for a C&H here. So this is what I see in my lucid dreams. Not sure if we are ready yet or if there is another leg down in. As you can see I am not working with a fork on this. Hope you didn't get screwed while watching a fork that isn't one.
Let me know what you think. Educate me or tell me how stupid this is. THX.
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Entry 1: 40000 Entry 2: 38000
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Here we go! Looks like my bottom is THE bottom.At least we broke the downtrend. Let's have a handle, please.Enjoy the ride.
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T1: 47500
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Sorry.T1: 47900
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???. DGD having a nice leg up and BTC dumping 5 minutes later? Who is reacting to who here?
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T2: 54000. But again just for a 50% swing trade.
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Prepare for take-off!. We should see some action within an hour. Let's first get above MA25 and then BOOOOOM.
thanks, I missed 38 and 40, where would be the next entry point?
trenncost
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@bdavletov, I can't and won't really give you an advice on this. But this seems to be the eye of the storm atm. Up or down? We'll see. I am in. So probably I think it will go further up. We are sitting on a support and MA25 is just a bit lower. And if we don't move under this MA7 should cross MA25 upwards soon. Check the chart what usually happened then. ;) Doesn't mean that history HAS to repeat itself.
trenncost
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@bdavletov, did you get in?
b2020d
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@trenncost, yes and then got out at 0.0478, now looking for another entry point
b2020d
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@trenncost, t1 reached, what about the next target?
trenncost
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@bdavletov, I just sold 50% at 47900. And bought it back directly at 46000. Just a short. I think there is more to come. Check the MACD on the 4 hour chart. If this is going to cross upwards... should go Booom. But depends on BTC. Even though this has been strange. DGD exploded from the flag and 5 minutes later BTC chrashed down???
b2020d
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@trenncost, yeah DGD acted earlier than BTC, I noticed that, but I guess thats because many indicators were showing that BTC will go down a bit, RSI was high, rising wedge, etc. Probably pushed people to go for DGD. I think BTC will go down to below 11000.
trenncost
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@bdavletov, at the moment I hope so. DGD really reacts immediately on every BTC move now. A leg down on BTC would push the MACD on the 4 hours in the right position here.
trenncost
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@trenncost, check the orange lines in my chart. They are still working well for the resistance. here you can play bounces. but on good volume it can take two in one jump.