DGB-BTC
Digibytes break out confirmed? Not yet.
Digibyte has been pumped by some whales who gave a sign and the sheeps followed their signs.
Due to their sign there was a massive buy by the followers of these groups and they will massively dump when Digibyte reach 349 satoshi.
Be aware of these kind of 'traders'. I expect Digibyte to reach the fibonacci level when it's not dumped to much and after it will correct towards a lower fibonacci level. If it does not decrease lower than where we started we will see the third wave of Elliot and we will have a bullish trend confirmed.
Peace out.
Is this the bottom?I have identified two tops of the big wedge. The green one is from the ATH and the blue one is from the tip of the solid portion of the candle. I like to look at them both because I think they both have different tells. The solid portions of the candles show where the majority of the volume for that candle took place but the tips can tell you how much believe or speculation of price growth there was. As of today we have broken out of the blue line which extended further. We are currently still about what I believe to be the critical support zone although we are testing it. I think we are going to see over the next 2-5 days where we are headed from here. Tomorrow is a holiday so as usual there will likely not be a lot of price movement, if anything there will just be sells since most people are spending time with their family. If there is a slight dip tomorrow I'm not worried, it all depends on what happens post holiday.
Even if bitcoin just moves sideways or falls a bit I still think that alt coins are primed to make big moves against BTC. I have my eye on DGB SC and ETH. Keep in mind that they could gain against bitcoin and still have a falling USD value so just be mindful of your long term goals!
Feel free to comment what you think. If you agree or disagree just say why, I'm interested to hear what people think about this great project!
This is not investment advice.
Why invest in alt coins?When measured in USD, the movement of alt coins is often a magnification of BTC movement. Alt coins are measured in satoshis, so when BTC dumps 10% in an a day, alts dump 10% in BTC value. That translates to 19% in USD value. Risks are higher in the alt game, compounded by the fact that most alt coins are backed by garbage fundamentals. With all that extra risk, why bother with alt coins?
One year ago, BTC was $1053, ETH was $11.44, and LTC was $3.98. Even after the bloodbath of the last 2 months, we have one year gains of 875%, 7557%, and 5501% respectively. At it's high, ETH was up over 12000% from Feb 2017. Those are damn respectable profits, but nothing compared to John McAfee's "Coin of the Day" on December 23rd 2017, Digibyte, which logged gains of 45000% during the same time period. If you had gone long $1000 in DGB, you'd have $118,446 today. If you had been prophetic and sold at its height, you would have made $450,000.
Promises of massive gains with no valuation justification, alt coins probably remind you of penny stocks, with a primary difference being market cap. We may not be at the birth of this game anymore, but we're still close to the beginning. The crypto market is tiny compared to it's potential, so there's plenty of room to grow. That doesn't mean you should go pouring your life savings into any crap coin just in the hopes that it'll rocket. The days of DGB style gains may be past, but that doesn't mean you can't make a bundle on a hidden gem. Minimize your risk by finding a coin with halfway decent fundamentals and a team made up of, at the very least, real people. Try to get in at a low. If the coin solves an actual problem with an idea you can believe in, your ability to ride the dips may translate into real profits.
DGB/BTCDgb has jumped from trend line with strong support.and indicators are showing good result... if u buy DGB be and hold sure u will get proffit
DGB BULL CASEDGB is has been forming higher low's and lower highs on the daily . This is a tightening range and with the Daily Bull MACH cross this looks like a trade.
The Volume has completely dropped off which in the past has been a common occurrence on a tightening pattern until big volume comes in to increase the price.
Bullish Indicators
Daily MACD Cross
Tightening pattern.
RSI forming higher highs
Also DGB has been added to A LOT of new exchanges during the whole BTC pullback.
Entry: .000000430
Stoploss: .000000390
Profit: .000000555, .000000662, .000000852
Opportunity to gain at leats 40% on DGBI think this chart looks very bullish at least for a few days or a week. Some says that this pattern looks like a H&S and it may be, but i'm think this is kinda triangle, where we don't talk about breakout, we just see that price moves in this triangle and might go up for 40% of it's price to the top line.
DGB/BTC strategyDGB strategy for next 5-10 days
Strong support at 694 sat
Strong resistance at 826 sat
Target: up to 1000
SELL before 1000 (985)
Fist time analysing DGBDGB has resisted the BTC fluctuation pretty well, and keeps succesfully bouncing of the ressistance, pretty sure it wil go to around 1100-1250 soon once it breaks the triangle..
I realise this is not alot of information.. so any tips and tricks u guys can give are much apreciated :)
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DGBBTC Long Term 1000% PotentialWe signaled this at the bottom in November under 100 sats and got beautiful profits in a few weeks to the run towards 600 sats.
There is still large upside long term for this coin.
Trades like this are why I'm a bottom-up trader, I love overlooked coins that have been downtrending for a while, risk is low as selling pressure is nonexistent since a long term downtrend wiped out most sellers, only people left are determined HODLers, therefore it does not have much room to fall below accumulation zone.
I LOVE low risk high reward & you should too!
We have recommended other things like SNOV, ZCL, PHR, DRGN & more but cannot do so here since we cannot trade those pairs, but if you are interested in things like this & small / micro caps, feel free to subscribe to our newsletter below:
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Thank you so much for your support.
DGB/BTC bull trend updatedI have updated this idea as a consequence of seeing an impressive Cup & Hanlde confirmed . The triangle keeps confirming what we already know. The bullls want to come out. . Here are the new targets:
TARGET 1 : Still the same, 850 - 870 sat (near by)
TARGET 2 : 1050 - 1100 sat (near by)
STOP LOSS : Below the triangle, a good one is in 400 sat (honestly, I have so much faith in DGB, that I dont have a SL)
As you know, the targets are all named as "near by" beacause they may be not exact targets.
I hope a strong price raise in the next two weeks from now on ( 31/12/17 )
Good luck on you invests, and happy new year!
NOTE: I have linked my old idea, in case you want to see it. It's very similar to this one actually, but it does not have the C&H marked.
DGB/BTC possible price raiseThere is not much to describe. DGB is an excellent coin; it's cheap at the moment in BITTREX:DGBBTC , with enormous potential. Maybe at the 31th of december (DGB Foundation) it prices blows up, or maybe we will see it raise in 2018, but it will raise for sure .
There is a symmetric triangle formed, which indicate us a possible raise, because DGB is on a bull trend. I have set 2 targets, according to some very strong resistances this coin has. I dont have so many faith in the second target, but it's possible. I hope this increase in the price happens in the next two weeks from now (30/12/17).
Good luck on your invests . Like if you agree!