DGBBTC
Long position on dgb-btcPrice has continued to fall together with volume. It is easy to see how an increase and decrease in price is met with the same movement in volume which is a strong indication for the formation of an uptrend. If price breaks the downtrend line I would expect a price and volume surge. Stop loss would be just below 250 sats and profit target would be near 800 sats (previous high).
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.
DGB on INV H&S can provide 100% returnHello Friends,
A lot of coins are breaking out, so play safe and cautiously.
Please note BITTREX:DGBBTC is forming INV H&S, me and my friend as discussing about lot of coins. Missed to update, XEL (30%) recently. So thought to post all the possible trades which can help you to choose your trades.
Please note, all my ideas posted here are my trades and trade safely with proper sl.
DGB is forming INV H&S, which can give 33% return in short-term and more than 100% return in Long-term. Well Long-term is 3-4 weeks here.
My trade would be Buy at 280 or below, Target : 560. Sl below the recent low.
Our recent trades results :
$DNT 0.00% : 200% Profit, Closed. Can buy on dips.
$XEM -2.66% Short-term trade - sl hit -5%
$XEM -2.66% Long-term trade - In Progress.
$SC -1.61% : Trade in Progress : 20%
$XCP : In progress
$XVG: 10% and Trade in Progress
And our Paid membership results:
$ICX : 100% and in progress
$Linda : 150% and trade in progress
$EOS : 50% and trade in progress
#NEBL, #ENJ, #TRX , #NEO - 20% up each approximately.
Keep booking profits. Exit your investment on 100% return and leave the profit to float on the coin.
DGBUSD DGBBTC? Is it really a buy now?/DGB seems to have broken out of a crucial eding diangonal however, a ending diagonal usually penetrates the lower trendline. In this case we have DGB breaking the top channel appearing like its ready to go however, it hasnt completed a normal ending diagonal, the move up seemd stratight ABC as oppose to 12345. In addition, we still have the 88' FIB left to go which if the bottom ending diangonal channel had been broken to validate it, it would have touched the 88 fib. Even though it appears a buy, im not convinced, price is moving up but there is no volume?? How?? Where?? Misleading?? Given BTC still needs to produce a new low low wave, alt coins will follow so my bias at this stage on DGB even though it appears ripe for a buy, im holding off for more confirmations or at least till BTC finishes its cycle.
DGB resistance levelsLet's see how this is going to play out.
To hold for a mid/long-term.
Good time to buy given BTC doesn't do a bull trap..
Either way, buy or sell you better read!Set up on it's way! this post is going to do 1 of 2 things for you! It's a must read and I had no choice to post it as a lot of you are already in this trade it's running high volume and just hit a low from back on the 22nd December.
Let's get in on how to trade this DGB
You see the triangle with the black dotted lines, when in this formation if you every get a break in the first 2 thirds of a triangle it will either be a high momentum coin, false break out or plain manipulation. You will see we have already had one of these but whats important to us is what happens in the last 2 thirds of the formation which I've highlighted in red.
As you've seen in the past I have posted similar set ups, these are my favourite as it's win win for all parties that read this post. We don't enter or sell until we get a break so we have no risk.
If we break low of the triangle and close below it's a immediate sell if your holding DGB. If we break high it's a buy and we advance to green targets.
Now right at the moment this coin is losing momentum as you will see with the black dotted line drawn on the RSI, this would tell us we will break low.
We need momentum to bounce back for the move to break high However volume is there and looks good so there is a chance we can break high we would of lost momentum with the false break out at the start of the formation many people would of stopped trading this coin over that. So we need to watch this because if we break high we are looking at a healthy ROI that I won't be saying no to.
Let's hope this coin breaks high, if it doesn't it has a long way to fall as the next support is a fair way down. If we do take off please keep an eye on the BTC as it will affect trade you can hold through the BTC move or if have notice and in profit best close some of your position. I am going to post another article with exactly what to do when BTC has a sharp move. This will fill your pockets.
Cash Is King! Let's make some today!
DGB. Sleeping Giant awakens?Coin of the day is DigiByte.
DigiByte’s supporters call DGB coin a sleeping giant of cryptocurrency. The coin exists more than three years now. Founded in 2014, it’s part of the older class of cryptocurrency projects, focusing on improving security, decentralization, and speed.
Lately, the coin started to gain upward momentum and drawing a bottoming pattern. Today DGBBTC has already broken all Bearish Trend Line resistances; this breakthrough was supported by high volumes.
Despite the bearish global picture (overall, the coin had a massive fall), recent bullish signs could point on the beginning of the bottoming and beginning of the new bullish cycle.
From below, the 0.0000275 support is crucial and should hold for the further uptrend development.
From the upside DGB will have a lot of obstacles, the nearest ones are 0.0000035, 100-days EMA and 0.00004 levels.
DGB needs SHILLINGHey,
DGB is standing on a very old and strong support at 273. Hopefully, it will have a bounce from here. Yet, due to the lack of volume and volatile BTC, it is not really likely. Therefore, I think that the BTC may swing below till 248 satoshi which is 0.786 Fib.
Additionally, RSI has not been this low since 2017.11.01 and this increases the possibility of a bounce.
Looking forward to your comments since I am still at the beginning of BTC path.
Thanks
Looking for a possible break outThis is what I see. I'm not a charting expert so if you have any suggestions\tips please let me know
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Digibyte | DGBBTC - Neckline of a Head & Shoulder is broken!Neckline of a Head and shoulder pattern is broken. Target is +/- 245 sat. That's the support of a big falling wedge!
DGB accumulation levelsLooking to open a position around 250, if the price continues to slide I will double the position around 150
Digibyte Trade Idea (Retracement almost done, then ATH cycle)Digibyte Mid Term Idea
As I've posted an idea about this one earlier, I'd like to update this one.
Sometimes you're right, sometimes you're wrong. Sometimes you'll need to analyze a little more and that's with this one.
Updates since the earlier posted chart from 22 February:
The retracement zone is getting close. If you want to make a long swing on this one, I'd say it's about time to buy this one. Still thinking we'll reach somewhat good heights.
Wave towards 900 is done. Currently retracing and didn't finish retracement as you'll see.
Expecting that retracement will be towards 220-240 zone.
Then some accumulation and then we're off towards 1400-1500 sats.
The DGB tries to hold the SupportThe DGB tries to hold the 300Sats level. If this support level is broken then we could see another leg lower with the DGB sliding down to the 140Sats level. The reason I am mentioning this is because BTC surged higher on Saturday with big volume as traders start to anticipate this drop. If the DGB price starts to drop, then holding BTC may be the best safe haven.
3-Day Chart:
From the chart, it looks like the DGB trend may fall through weak support level and test the next support at 140-150Sats, I think it will be several weeks before we see such a test. The falling volume is a concern. If volume can rise above the monthly average, it is a good sign that price will test the weak support before the uptrend can start.
RSI is below 50, a sign of the downtrend. The MACD turned down through the centerline, a sell sign and it is still trending down, which is a negative sign. In addition, the EMA lines put pressure on the DGB price, as well as 20EMA and 50EMA can make a death cross soon, which will be the sign of the strong downtrend.
1-Day Chart:
I can't say it's a different chart, but the daily card a copy of three day chart, 20/50/100EMA is a resistance lines, the RSI is below 50 level, it's sad :( and the MACD below centerline without any positive sign on the horizon to bounce from the first support at 280Sats area.
4-Hour Chart:
Volume has been trailing off, which is not a good sign for the price to keep going up. Watch for above average buying volume as a sign the DGB price will start it's up trend. Otherwise, we should expect a pull back.
RSI is below 50 indicating the downrend. The MACD is at a low point, so the price need a spike to end the correction and start it's uptrend
My concern is that most people seem to think the markets had bottomed, and if that's the case, everyone should be long right now. If the markets continue this downward slide a few more days we could see prices drop very quickly as I mentioned above. I would rather see the trend flatten more or start to head higher before I take long term trades to the long side.
DGB WILL GO BACK UNDER <100 satsHere are my thoughts on one of the most undervalued cryptocurrencies
Digibyte DGB, is a very fast/cheap multialgo cryptocurrency.
It got a lot of expectation back on May 2017 when it was some leak/lie? about minecraft integration . It went from 70 sats to 2000 sats in 2 months , but, after that event, bad news become real and a lot of DGB were stolen from this kind of integrated game platform wallet mixed with a no fully team support at that time.
My chart is about how this year it will come to <100 sats, a really possible scenario, compatible with a long BTC run in 2018, DGB on 2017 was stable between 0,005 $ - 0.0030 $.
As we see on the chart, the support level goes 10-20% everytime DGB has a bull run (2-4 months) that means the big Wales, or DGB foundation, or anyone with a big bunch of coins is losing their support power,A change of owners, a end of a cycle.
