If you want to try to gain a little extra BTC in this market, here is an opportunity. Expect DGB to hit the 50% fib retracement which falls almost perfect in line with the trend line at 403. On Bittrex, this is actually the 61.8 fib retracement and it is located at 416 so that is where my buy order will be placed. But just know that if Bitcoin does continue to go down, expect DGB to blow past the retracement areas and follow in bitcoins steps. Good luck fam!!!
Trade active:
The link should bring you to my chart setup
The link should bring you to my chart setup
Trade active:
I want to add that I am also not very excited about the look of the RSI, seems pretty week but we will see what happens. It is a bit oversold at the moment and has some room to move up. A break above 630 could be pretty big
Trade closed: stop reached:
Wasn't expecting bitcoin to go on a run, that kind ruined it for DGB as well as pretty much every other altcoin I pay attention to. Definitely a buy opportunity though for many alts depending on how long BTC goes on this run for