DigiByte Hits Support & Challenges EMA10 | Where To Next?DigiByte (DGBBTC) is one of the strongest and oldest cryptocurrency projects around, solid as a rock.
DGBBTC went on a strong retrace recently and finally hit support.
The support that has been hit is a very strong one, marked on the above chart with a blue dashed line.
Notice that even though this support has been hit multiple times, each time the candle close happens above the dashed line, leaving a long wick. After the support is confirmed we end up having a bullish wave.
Just three days ago this support was confirmed and now we have DGBBTC moving above EMA10, signaling bullish potential. Based on the signals mentioned above, this can be the beginning of a new bullish wave.
Targets in the form of Fib. proportions and EMAs can be found on the chart.
Feel free to leave a comment if you have any questions.
This is Alan Masters, thanks a lot for your continued support.
Namaste.
DGB
After a long bearish channel, soon DGB will rise againAfter 190 days of bearish trend, is time for DIGIBYTE to rise again, i think we are almost ready to go out from this bearish trend, in daily i see a bullish divergence and the price right now is near to the upside channel, the chart of DGB is similar to Vechain, so I'm surely almost know what will happen, i think we will see again price around 0,0128 or 0,0161 as maximum, well let's see
DGB LONG TRADEnot financial advice
DGB looks attractive to me here for a 100X swing trade
could take 12 weeks
could take 12 months
stacked some at .0066
There is a possibility for the beginning of an uptrend in DGBETHTechnical analysis:
. DigiByte/Ethereum is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 66.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00004050 to 0.0000360). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00004050)
Ending of entry zone (0.0000360)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.0000460
TP2= @ 0.0000530
TP3= @ 0.0000604
TP4= @ 0.0000767
TP5= @ 0.0000899
TP6= @ 0.0001031
TP7= @ 0.0001219
TP8= @ 0.0001459
TP9= Free
There is a possibility for the beginning of an uptrend in DGBETHTechnical analysis:
. DigiByte/Ethereum is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 66.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00004050 to 0.0000360). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00004050)
Ending of entry zone (0.0000360)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 0.0000460
TP2= @ 0.0000530
TP3= @ 0.0000604
TP4= @ 0.0000767
TP5= @ 0.0000899
TP6= @ 0.0001031
TP7= @ 0.0001219
TP8= @ 0.0001459
TP9= Free
ALT SEASON - TRILLION DOLLAR PRICE TARGETalt season is just starting to bloom
many alts have already had nice moves
custom stochastic shows a bounce is setting up
a two year bull market is about to begin
a minimum of $1 trillion market cap
cryptocurrencies are going to capture all of the worlds value in some form or another
NOT FINANCIAL ADVICE
PURE OPINION
Digibyte to $150! Carefully shorting DGB, massive potential!Digibyte has hit this channel multiple times, each time has shown massive growth.
Testing the bottom or breaking itDGB, as far the price is concerned, isn't doing well.
Well... at least it's cheaper to buy
DGB BACK TESTED TRADE STRATEGYStacking DGB responsibly (not financial advice)
Apply 50% rule for purchases
- purchase initial position using half the amount you want to invest
- only ever purchase more if the price falls by 50%, using half of the remaining amount
- you have an infinite number of times to purchase
- apply the same formula to any new crypto position
Apply the 10% rule for withdrawals
- sell 10% if position does 100x
- sell 10% (of the remaining 90%) if it doubles from there
- sell another 10% (of the remaining 81%) if it doubles from there and so on
- you have an infinite number of times to sell
Specific example:
- lets say you had $1000 to buy Digibyte in 2016
- maybe you bought at .0008 in the bull run 625,000 ($500)
- in the next 15 months you would have bought 625,000 at .0004 ($250)
- and 625,000 more at .0002 ($125)
- you now have 1,875,000 Digibyte (cost $875)
- in 2018 you sell 187,500 at .04 ($7500) (100x average buy price)
- sold 168,750 at .08 ($13,500)
- now you made $21,000 by selling roughly 1/5 of your original $875 investment.
- the remaining 1,518,750 Digibyte has roughly never been worth less than $15,000 and for a very short window of time it could have been sold for $182,000 in addition to the $21,000 you made along the way.
- but now you have 1,518,750 DGB going into the next bull run.
Stack responsibly
Do you think DGB will 100x, 200x, or 500x in the next bull run?
DGB bottom Rounded bottom and support area with large volume . We are not seeing DGB with these prices for very long. Next 135sat
DGB/USD - Stages of a market cycle: Where DGB might sit(See my old idea with the other alternative channel option as well)
As much as I'd like to see Digibyte bounce here and slowly climb along the edge of the top parallel channel, I'm just not seeing the volume that warrants a lift. What I have learned is that what we want to see is less likely to happen than what we actually end up seeing happen.
BTC is still range trading, trying to break above 10k. If it doesn't manage to get and stay above that threshold but rather breaks down for a few months until the end of the year, it could take the alts down even further with it - Digibyte being one of those effected. If that's the case, I would expect to see Digibyte break down out of the previous parallel channel and beneath the current support line into what I've labeled as the "depression" buy zone ranging anywhere from ~ $.003 - $.008.
Then, based off of BTC's next halving cycle next year on May 15th 2020, things could start a healthy cycle again in the crypto-sphere. The past few major cycles succeeded the halving, NOT proceeded.
Either way, I believe DGB is at a crucial marker on the meme and it is important in my book to always look at 2-3 possible outcomes regardless of desires in order to actually perceive the end result and make wise trading/investment decisions and ins/outs during the entire process.
XRP Big Ending Diagonal. Correction almost over $10 soon! recent bounce only triple waves so it has to be corrective. If we dont break the green line/1D high value area of the VPVR then expect this ending diagonal to finish
Should be good to accumulate while it stays in this wedge. If it breaks out then HELLO BULLZooKA
DigiByte Breaks Its Downtrend | Manual Stop-loss Saved Us!DigiByte (DGBBTC) broke its downtrend on the weekly time frame (left) and printed a clear reversal candlestick (circled in blue).
We can expect for DigiByte to recover here and a start a new, strong and sustained uptrend... Yes, I am calling for a change of trend here.
DGBBTC hit bottom on a low wick at 15 satoshis.
If you follow "conventional" trading and had a stop-loss in place, you would get killed here and lose all of your money to this long wick.
We use what I call a "manual stop-loss" and only activate this based on the weekly candle close.
The same candlestick that hit 15 satoshis, ended up closing at 85 satoshis.
We have an active trade for DigiByte and our stop-loss is a weekly close below 82 sats... So for use we remain active, our funds are safe and we can collect profits up once the trend change.
Here you can read more about our manual stop-loss strategy:
Thanks a lot for reading.
Namaste.
DGB/USD - Time Based Fib, Conservative Elliot Projection 2020-21Log chart of DGB/USD mapped in a parallel channel with time based fibonacci markers. You can see that DGB is at a pivotal point. Shifts in momentum and direction happen shortly AFTER the fibonacci markers. Thus indicating another 3 or so months of consolidation and accumulation before ushering in a change of direction in December 2019/January 2020. Based on a conservative elliot 5 wave projection, I can see us easily hitting the previous ATH again summer 2020 (roughly June/July) and eventually pushing to $.30 on the last wave up. Dependent on market sentiment there could even be an extended 5th wave up to $1 or higher.
Now is just a waiting game. It won't happen quickly and the waves in between will be violent as investors and traders who got burned in the last cycle will be FOMOing and FUDing all over again. But, the trend is on its' way up for the long term in my opinion and will eventually see positive movement in due time.
Just my two digibytes.
Long Term Price Bullish Target for DGBLong term price target and date range for DGB from January 2020 to December 2021 is in between 3 USD to 46 USD. We could see lower targets if the peak of the next bull run happens before 2020. Then after that, the usual bear market retracement will bring us back to 0.3 USD to 1 USD levels. This is realistic target knowing that DGB loves to eclipse its previous ATH price when it does a bull run.
I know many are doubting if there will ever be a next altcoin season. Actually, there will not be an altcoin season where any random coin will moon, regardless of its fundamentals. But the next one will be a legit coin season, where shitcoins will be purged to 0, and money flowing into real established alts like DGB.
Factors to conisder why DGB will reach the price:
1. Although BTC is now known worldwide, mass adaption is still inexistent as less than 2% of the world population owns a bitcoin. This is a huge room for future growth.
2. DGB fundamentals are simply unparalleled. DYOR.
3. Crypto / BTC will be a hedge in the looming stock market crash that is coming.
4. Possible Coinbase/ Major exchange listings
5. Like BTC, DGB just needs to survive to get to those price levels. The USD will kill itself through inflation.
DGB/BTC (Mid-Term)As DIGIBYTE is a good coin and has great targets upcoming, after observing Bitcoin Dominance, Price Action, Elliot Waves & ICHIMOKU and considering money management, we can step in with a potion of our money as Mid-Term investment.
Dgb finally finds it’s bottom?My first crypto coin I ever bought was $dgb.
And therefore I still like to track it.
It seems there is finally some good news for DGB holders on the chart:
- the price found support on the price levels of before the enormous price peak.
- the last correction wave pattern seems to be in it’s last part, or even has ended already.
From here there seems upward potential; with the remark that if prices DO break below the support it will be a race to get out asap.