DGB FOMOI would have liked to see this fomo much later in the bull run, and perhaps there will be another moment where fomo impacts the DGB charts.
The switch on the MACD line (right after a buy signal went up) has only happened once since this run up began.
Typically, it's 3-days up, 1-day down.
I think the reason for this is Fomo. DGB popped hard last night around 3am. When people woke up this morning and saw that DGB was up 20%, they jumped in and drove the price up substantially – to the point where we saw DGB in the number #1 spot (up 34%) on Coinbase today. This was not the way DGB was rising — slow and steady.
We want slow and steady, not pump & dumps.
Having said that, I think tonights MACD crossover into red candles are an outlier (correction from the FOMO buys this morning), and not in alignment with the trend we've seen recently.
In my opinion, DGB continues to rise over the next three days, until we get a sell signal. :)
I am not a financial advisor. These charts and posts are for my own personal documentation purposes only. Do your own research before investing into crypto.
Btcdgb
DGB Bullish Deep Crab Harmonic PatternDGB might be on Deep Crab pattern.
What does the Crab (and Deep Crab) harmonic pattern tell traders?
Just like the butterfly, it can help traders identify when a current price move is likely getting to its end. This means traders can enter the market just as the price changes direction in the opposite way.
The crab and deep crab represent important overbought and oversold conditions, and reaction after completion is mostly sharp and fast. It is the opinion of many analysts and traders that the crab pattern and deep crab represent some of the quickest and most profitable patterns out of all harmonic patterns.
Digibyte Falling Wedge Bullish ReversalIf the falling wedge appears in a downtrend, it is considered a reversal pattern. It occurs when the price is making lower highs and lower lows which form two contracting lines. The falling wedge usually precedes a reversal to the upside, and this means that you can look for potential buying opportunities.
BTCDGB 1d chartWe are on the wave 2 based on Elliott Waves theory.
Wave two corrects wave one, but can never extend beyond the starting point of wave one. Typically, the news is still bad. As prices retest the prior low, bearish sentiment quickly builds, and "the crowd" haughtily reminds all that the bear market is still deeply ensconced. Still, some positive signs appear for those who are looking: volume should be lower during wave two than during wave one, prices usually do not retrace more than 61.8% (see Fibonacci section below) of the wave one gains, and prices should fall in a three wave pattern.
The Next wave incoming is the Wave 3.
Wave three is usually the largest and most powerful wave in a trend (although some research suggests that in commodity markets, wave five is the largest). The news is now positive and fundamental analysts start to raise earnings estimates. Prices rise quickly, corrections are short-lived and shallow. Anyone looking to "get in on a pullback" will likely miss the boat. As wave three starts, the news is probably still bearish, and most market players remain negative; but by wave three's midpoint, "the crowd" will often join the new bullish trend. Wave three often extends wave one by a ratio of 1.618:1.
Altcoin Going 5x Cummings Soon You can see the Chart of Btc Dominance on Daily Timeframe .
I have Mention Support and resistance levels on Chart
Note: This is only for Educational Purpose this is not an Investment advice.
Please support the setup with your likes, comments and by following on Trading View.
Thanks
Adil Khan
DGB Falling Wedge2 Scenario's Expected
1. A rebounce from the support at around 460 sats and started an elliottwaves upward reversal trend.
2 . Closes below the support at around 460 sats and continue further its continuation pattern.
RSI : 41.2168
Below the 9 DEMA.
Entry Level : 452 sats - 470 sats
Possible Targets :
T1 : 504 sats
T2 : 532 sats
T3 : 554 sats
T4 : 577 sats
T5 : 609 sats
StopLoss : 406 sats
Good Luck.
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Super Short DGB/BTC Trade - Gain A Little More Crypto!DGB has been good to me lately. As BTC continues its pattern - DBG has provided many short opportunities. I dont mind making short trades for a few percent on my holdings. Some people go for the longer duration buys - I never feel shy about locking in some gains.
DGB has continued to rise and fall a little bit independent of BTC. I think DBG is set to go even higher than my projection if you are interested in something long - but as a short play - a gain is a gain.
This is not a bad play if you are looking for a trade!
DGB has a power inside...In this graph, DGH has narrowed Bollinger bands that shows us it generally will rise.
You can buy in this green are and you should sell at red area, also blue area shows the bouncing area.