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.
DGB
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.
Can DGB do another 90% drop? VERY possible. We are riding too close to this support level, and if we crash through it there's nothing to hold it up anymore. That is a HUGE gap to fill.
I am not predicting this will happen, but for all you hodlers out there, DGB has not done anything this year except drop in USD and BTC. Now that everything is dropping it could tank even more, so buyers beware. This is still risky IMO.
Now there's also a chance we completely blow out of the water on this one since it still hasn't shown us any action this year. I still worry though, look at that nonexistent volume over the last many months. Up to you to decide.
Is DGB fueling for a massive explosion in 2020Longer fractal patterns on DGB could supply the fuel required to take it to extremely high levels.
DGB accumulation rangeDGB/ BTC pair is in the accumulation range. Currently, it is at the wave C of the ABC correction. Based on the retracement length of wave A, the wave C can go as low as 68 satoshi, and in best case scenario, support can be found around 80 satoshi.
Long bids in the area of 68-80 satoshi, with a stop loss right below
Good luck!
$DGB @ a critical pointWe haven't seen these prices since December 2017 and looks like a big area of support
if broken than we are going to 0.00000023BTC, Looking at where the price in relation to the Linear Regression is it is looking likely But only if this area of support is broken.
Ill be waiting and watching for my next move on this one.
DGB TESTING 200 MAback for a test at the 200 MA
the markets offering traders many opportunities in a long drawn out test of the trend change
Bullish divergences in DGBMostly presented without comment. DGB had MASSIVE gains last time the charts were oversold like this on the larger timeframes. There's slight bullish divergence that looks like it did before reaching 13 cents. Is this too good to be true?! I mean, alts are eventually going to have to catch up, and DGB could be the perfect put since it has a LOT of room to fly (presuming it's not dead). Lots of other coins could be reaching short term limits being overbought already. This may convince me again of DGB. But still, it would probably be a shorter hodl than my LTC and BTC bags.
DGBBTC a bearish shark move | Upto 780% or more profitThe price action has formed a bearish shark from X to C leg.
Now the priceline has entered in potential reversal zone and we have pivot 1st support withing this PRZ area which will push the up to hit the sell targets soon insha Allah.
Volume profile is also showing very poor interest of traders in this area.
The targets are:
Buy between: 0.00000168 to 0.00000001
Sell targets:
Secure sell targets:
Sell between: 0.00000338 to 0.00000694
Aggressive targets:
Sell between: 0.00000808 to 0.00000969
DGB 350 MAa break of the 350 MA would ultimately confirm the bull run for DGB
head and shoulders pattern in the process of completing just under the 350 MA
DGB UPWARD SLOPING REVERSE HEAD AND SHOULDERSa powerful pattern is forming on DGB
bears failing to make new lows
breaking the neckline on an upward sloping H&S pattern could trigger rapid price increase
volume is exactly as needed for pattern completion.
a strong move is likely when the neckline is broken
DGB TRIGGEREDdigibyte experiencing large volume inflow
expecting this to break up through a reverse H&S pattern
could be visiting the the old highs in the coming days
not trading advice