$DOTBTC Hinting capitulation and upcoming strong reaction.

Huge sparse falling wedge, approacing historical static support sitting close to the 0.00018 mark.
Good spot for accumulation on further weakness, R:R. 2:1+.

Long term trade, 0.0004 target (x2). For starters.
To be re-evaluated in 3-6 months.

Comment:

Bought a few lots close to 0.00022 mark.
Would like to see a (possibly double) 10-15% bounce from 0.0002-0.00022 area.

We have a slight bullish divergence, visible from intraday TF up to 3D.
MACD looks supportive of a bounce on D, as well as RSI.
Overextended TD count as well.

Comment:

Seven.