DCC 2.38% 4.1¢ digitalx limited

ok. haven't had much time to get back into it. Here is my take...

  1. 1,376 Posts.
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    ok.

    haven't had much time to get back into it. Here is my take on the future.

    the 3rd and final consolidation leg in BTC is happening BTC to touch 5K ish and find the final floor.

    DCC tracks closely of BTC. DCC to touch 10.5C and find its new floor. A critical point since there is a psychological level and small gap too. Finally the bottom boll there will be a strong signal to buy again.

    Haven't drawn trend lines, MAs and so on, because no need on this one. The interesting trend line will be formed when this 3rd leg finishes.

    Match this with the recent trends with instos gearing up to enter the space. And you get the sense, this could very well be the lag leg down, the one that turns most people into bears, the one that usually makes a bear trap.

    Good luck. And keep in mind, investing is a long term play. Only money you don't need. Especially in the crypto space with that crazy volatility and risk.

    Dcc1.JPG BTC.JPG
    Last edited by SorryNotOZ: 24/05/18
 
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