Digibyte DGBBTC - Hidden Bullish Divergence & ST Cup & Handle

Digibyte looking bullish short-term because it's in a Segwit activation period and looks like it will get the support. Don't know what to expect long-term or if the excitement will last beyond that, but in the short term there's pump potential if this gets some steam.

Looks like a cup & handle forming, watch for a breakout past the neckline.
Supported by the fact that there's a pretty clear Hidden Bullish Divergence on the Stochastic.

As always, pay attention to bitcoin and be careful!

Order avbruten:

Well the pattern was broken by the bitcoin rally, and now that Litecoin seems to be ready to activate Segwit, this coin looks a lot less interesting since the excitement was really only around it activating Segwit. Still may rise but I don't see a strong case for it anymore so I'm out of this trade.

Kommentera:

On the other hand - it did just break out of this triangle, Stochastic is low on higher timeframes, and Segwit activation is about an hour away...so I'm back in with a small position to catch a pump. Definitely a FOMO trade...