DigixDao (DGD): The Extended 5th Wave Could Have Alternate Scenario Implications

지난달

SUMMARY

DigixDao (DGD/BTC) initial impulse rise resulted in a near vertical wave 5 extension. Such an extension should be a bit of a warning sign for a very deep retracement as had be shown already in previous posts. However, the below chart shows an abcde option where wave A had retraced well witin the prior wave 4 level and if Bitcoin persists is upping the sentiment, this triangle has a primary count chance to breakout.

Similar but different way of labeling is to consider the correction as a complex combination of WXY (blue) and with the Y as a triangle abcde. This would require more time for the completion of c,d and e waves.

The extended 5th often retraces to priro wave 2 levels and this DGD/BTC pair could aim for that level so be aware and not be broadsided.

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

Follow me on Twitter for Real Time Alerts!!
Follow me on StockTwits for UpDates!!
--
--

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  trending

Every time when bitcoin goes down I take a position on digixDAO since it's a hedge against bitcoin :)

It could go up, it could go down? Awesome. This is definitely worthy of you making 100$ + on this post. I look forward to the other 9 today. Thanks Haejin.

·

Only one solution for You - go and pick one of hundreds analysts out there that will tell You where the price will go, with absolute certainty. There are literally tons of them in cryptosphere.

Heck, I'll stay with guy that deals with probability. I'm just strange this way.

good prediction

Coins mentioned in post:

CoinPrice (USD)📈 24h📈 7d
BTCBitcoin8951.840$-0.33%8.33%
DGDDigixDAO371.783$4.39%17.23%
EOSEOS7.076$13.8%32.57%
QAUQuantum0.150$-0.11%3.37%
WAVESWaves4.982$-1.37%0.25%

Good content and an interesting read. Thank you for sharing.

The DGD offers the investor an opportunity to make massive profits. But you have to be careful. Profit windows open and close very fast. Thanks for the share.

WE ARE THE RESISTANCE!

You are bullied by @GrumpyCat on your post.

  • @GrumpyCat is flagging innocent people and calling them "collateral damage"!
  • @GrumpyCat is trying to impose his rules by using your SP on ones weaker than him!
  • @GrumpyCat has rejected all the diplomatic proposals we have brought so far!

@The-Resistance is here to stop this and protect the weaker ones from the tyranny of @GrumpyCat

Join our bot We-Resist to protect minnows https://we-resist-bot.herokuapp.com
Come to our house to meet with the community https://discord.gg/qMWCbWR

@GrumpyCat, to your tyranny WE-RESIST

The Resistance

Congratulations @haejin, this post is the sixth most rewarded post (based on pending payouts) in the last 12 hours written by a Superhero or Legend account holder (accounts hold greater than 100 Mega Vests). The total number of posts by Superhero and Legend account holders during this period was 44 and the total pending payments to posts in these categories was $2193.39. To see the full list of highest paid posts across all accounts categories, click here.

If you do not wish to receive these messages in future, please reply stop to this comment.

Congratulations, your post received one of the top 10 most powerful upvotes in the last 12 hours. You received an upvote from @ranchorelaxo valued at 133.05 SBD, based on the pending payout at the time the data was extracted.

If you do not wish to receive these messages in future, reply with the word "stop".

I just wanted to inform you about the fundamentals of your supported coin. This is pasted from the whitepaper:

Digix Tokens (DGX)
Dgx Tokens are minted via a Minter Smart Contract. Each DGX token represents 1g of
Gold and divisible to 0.001g. For every PoA Card that is sent to the Minter Smart
Contract, DGX tokens will be issued in return. For instance, a 100g PoA Card sent to the
Minter Smart Contract returns 100 DGX tokens to the user.

In my opinion this coins is just overvalued and pumped as a "safe" haven like tether (usdt) or gold in the traditional market! So the acutall difference ~$333 between real value and actual mania.

1DGD = 1g gold
1g gold = $42,70 1
DGD = $367

I'll post further ideas in the near future, you can follow me, if you like, I would appreciate it!

Don't follow blindly the crowd, have your eyes open!
Happy trading!