Very significant market cycle completed. Look to re-enter following a 75-88% fib retracement.
POLONIEX:DGBBTC
Trade active:
Pattern following target line almost exactly. Target remains ~700 sat.
Pattern following target line almost exactly. Target remains ~700 sat.
Comment:
Please keep in mind, that I don't advocate shorting anything in crypto unless you're very experienced. Crypto is the longest market on the planet. While I believe in my call, and it is still trending to target, The sheer influx of money has the power to overcome this. I would call it more of a "don't buy" than a short, at this point.
Trade closed: target reached:
A successful sell from ~1500 sat, that yielded prices as low as 960. Although I believe 700 sat is still possible, I'm no longer confident. Lots of cash flowing into crypto, which may be supportive. Regardless, good trade or preservation of trading capital.
Comment:
Still not looking to re-enter long here. More information needed.