I am accumulating in the 48-52 area, people wanting lower prices will probably buy in the new brutal bounce:
This is very strong support because:
1) Weekly
2) CLOSE
3) 10% reversal
4) TWO bullish support lines (green lines)
5) Horizontal support at the spread double bottom at 48
The green lines are in fact the main bullish support for the asset, whenever we hit this support we buy the asset with both hands, both feet AND a dick (with the boobs if you are a girl)
this is a pump and dump like last time... with a buy wall support made by someone who want that the price dont go more down... we can see the pump and dump in your picture... the top dont show that the coin will rise but with btc price i think it will go more down. we also see the big selling
The reasons why an asset goes up or down and finds support/resistance are irrelevant in P&F.
For some reasons price always moves, either it is pump & dump, news etc etc.
From TA point of view, 50s is strong support here.
In order to break from BTC rise, the latter will have to go above 600 at least.
This may happen of course but I suspect BTC will consolidate some time before it moves higher..
Time will tell!
This TA about DGB is great, thanks for it!
50's is a support since quite a few time. Before this, it was 15-30 during the past year. And the year before even lower!
The latest high we saw are due to DGB shaking the ground to get people attention. When DGBHolding and the team work on something big, there's nothing to stop this bullish coin.
People complaining in here are always the one who jump too late in the train of hype and come here to whine.