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Digibyte

DGBBTC a big bullish setupStrong rejection line: On the weekly chart, the Digibyte with US Dollar pair has found a strong rejection line. After the recent rejection the price action is breaking down the weekly 25 simple moving average and it can re-test the 50 SMA. Harmonic BAT move: On the 2-day chart, the price action of DGB is completing the final leg of the bullish BAT pattern. When the price action will enter in the potential reversal zone of this pattern, then it can also re-test the 50 SMA on the weekly chart. EMAs and Shark move: Now I would like to recall a big bullish Shark move that the price action of Digibyte has completed with Bitcoin pair. The price action is moving below the EMA 10 and 21. We need a bull cross between these two EMAs at least on the weekly chart for any big rally to the upside. Ichimoku cloud: The price action is moving below the Ichimoku cloud on the weekly chart, this cloud has turned bullish. Therefore if the price action will start bullish divergence from the potential reversal zone of Shark then it can also easily breakout the Ichimoku cloud. Conclusion: Even though the price action has entered a potential reversal zone of a big bullish reversal Shark pattern but we need a moving average cross over at least at the weekly chart for any big move to the upside.
Long
by moon333
1
DGB/BTC Dont miss the pump, most Binance coins have pumped or are starting to move. Scanning coins that are still in a downtrend that potentially can give us some gains! DGB is super popular and CT raves about DGB and how great it is, nonetheless its dumping and I would not want to be holding this. Looking for some bullish signs before I jump in a position 1) Find some support 2) Break downtrend market structure 3) Candlestick bullish variation ect ect Jumping in now you can still lose 50% of your BTC value, that aint happening. Especially in a bull run. Use stops, stack sats. On the weekly using 4/9 EMA for a golden cross could be a good entry for a longer position but if you want to try to catch the bottom will need to use a LTF!
by Wael613
DGBBTC upto 87% profit possibility a headHi friends hope you are well and welcome to the new update on Digibyte (DGB). On the daily chart, the price action of the DGB is completing the last leg of the bullish Butterfly pattern and soon it will be entered in the potential reversal zone. Buying and sell ranges: The buying zone starts from 1.27 to 1.618 Fibonacci levels, and the sell zone can be the Fibonacci projection between 0.382 to 0.786 . Stop loss: The maximum extent of the potential reversal zone at 1.618 Fib level can be used as stop loss. Possible profit and loss ratio: As per the above targets, this trade has a huge profit possibility of 87%, and the loss possibility is only 19.5%. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
by moon333
2
DGBBTC forming bullish Shark | Upto 13.5% move expectedOn daily chart, the price action of Digibyte coin is completing the final leg of bullish Shark and soon it will be entered in the potential reversal zone. Buying And Sell Targets: The buying and sell targets as per the Fibonacci sequence of the Shark pattern should be: Potential reversal or buying zone: 0.00000091 to 0.00000088 btc Fibonacci projection or sell zone: 0.00000094 to 0.00000100 btc Stop Loss: The potential reversal zone area that is up to 0.00000088 btc can be used as stop loss in case of complete candlestick closes below this level. Possible profit and loss ratio: As per the above targets, this trade has a profit possibility of 13.5% and as per the above-mentioned stop loss, the loss possibility is 3.2%. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Long
by moon333
Monthly market Breakdown for BitcoinWelcome fellow Tradingviewers, This analyses is a follow-up from our previous BTC TA moments and are followed up every month. Every month for the next 13 months we will release our monthly market breakdown. If you want to receive daily and weekly technical analyses you might want to check our website. In our previous analyses we predicted that BTC would rise all the way to 16.300, after touching this level we went way beyond and extended the target in our daily analyses to the All time High. We have now touched all time high and retested the 16.300 support, so what is next? In this analyses we are going to show you our view on the current market situation for Bitcoin. We will be analysing BTC using a top-down strategy, including candlestick patterns, indicators and price patterns. Monthly: - This close was the HIGHEST CLOSE EVER for Bitcoin. - The monthly close was a bullish engulfing candle. - We closed just below ATH. - We are still above all moving averages. - Volume keeps increasing. - Higher High is confirmed. - Bullish MACD. Weekly: - We closed the weekly as a bullish engulfing candle. - The W formation that we saw is bearing its fruits now and this could be one of the factors that drives Bitcoin through its all time high. - The MACD is bullish and shows strength. - We are well above all MA's. - Volume increasing. - Higher high discussed in the previous analyses formed. Daily: - We saw a strong morning pattern being formed at the bottem when touching the 16.300 resistance. - Just cleared the NOV 24th High. - The MACD is bullish. - We are well above all MA's. - Volume increasing. In summary: In the last free monthly market breakdown we emphasized the big companies that are introducing more and more people to Bitcoin and as you guys can see we made an incredible jump of over 40% in a single month. We are now at ATH prices and it is important to not panic. While trading specific patterns and indicators might become more and more difficult we need to stay ahead of the game with a clear mind and without FOMO and GREED. Once Bitcoin breaks ATH we enter price discovery mode and as long as MSM is not widely broadcasting this Bitcoin pump we will probably stay in prrice discovery mode for a long time. We have deleted the HL and HH cycle because we are not yet finding a new top, if you have not seen those make sure to check our previous analyses. The monthly candle was one of the most bullish once in Bitcoins lifecycle and we therefore have the conviction that price is more likely to rise than to decrease. However Bitcoin is a volatile asset and can jump up and down 30% in a single day as it has done in the past. We would suggest not to short this market and to take a look at the identifiable support zones, the first ones being 16.3 and 13.8 before going down to the next zones located in the charts. We will provide you guys with daily updates on the price discovery on our website! This analyses is only intended to share my idea, to educate and entertain you guys. This should not be considered as financial advice. I hope you guys enjoyed this analyses, if you did don't forget to leave a Like! If you want to share your thoughts, please do so in the comments below! Kind Regards, Frank | Forallcrypto
BITFINEX:BTCUSD
by ForAllCrypto
EW: DigiByte Is Coming Nicely Lower Into Projected SupportHello traders! Despite the fact that BTC made strong and impulsive rally, it was mainly because of BTC.Dominance, but most of ALTcoins remain quite weak. As expected already 2 months ago, DigiByte is coming nicely lower within wave "c", which should be made by a five-wave cycle and it seems to be unfiished. So, keep an eye on projceted support in the 0.015 - 0.010 area, where a bigger a-b-c correction may come to an end. Trade smart! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
BITTREX:DGBUSD
by ew-forecast
7