Beautiful wedge pattern over the daily closing price chart in DFI/BTC. Works as well with normal candles but is here a little bit cleaner. Seems like if BTC does get bullish - DFI is getting extremly bullish!
Note
Update -> seems to go to the next level soon:Note
Since the beginning of 2022, DFI is getting stronger and stronger against BTC. We're about to enter a nex level in DFI/BTC now:Note
DFI has definitely got a hit in the face, but it seems to recover very quickly after the 38.2 fib level has been reached. Compared to other altcoins, this appears to be relatively strong:Note
The BTC/DFI ratio could have found a bottom now. I could imagine that as the price of BTC keeps slowly rising, the ratio of DFI could increase gradually to the upside as well.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.