Digibyte | $DGB - $DGBBTC | 1D chart Support of Pennant holds.On the daily chart Digibyte looks also good, Support of the big Pennant has hold.
RSI looks good.
Digibyte
Digibyte | $DGB - $DGBBTC - Head & Shoulders on 4 hour TF.If we can break the neckline - Target = 355 sats
Stoploss @ 280 sats.
DGB reversalDGB is attempting to reverse its bearish trend
Two previous reversals have failed, but the last two times RSI dipped below 30 and rose back above there were sustained rallies for 15-30 days.
This is the first time I am placing buys on DGB in a long time, and this is one of those cycle coins like Doge, though less reliably.
RSI and Stock are signaling buys, price trying to close above the 7ma on a strong daily candle, but a drop below recent lows invalidates the idea. This is one where I will purchase 25% of desired position here, and pyramid orders to fill the other 75% down to the bottom of the current daily candle.
Watching todays close for a dirty "3 line strike" pattern. I want to see a close above 4 days ago and higher volume than the last 3 days.
Two swing trade ideas with a 10% SL below recent lows:
DGB putting in yearly bottom?Buy signal most definitely, digiassets recently announced + constant major development news.
Digibyte is the perfect market catalyst and does appear to be putting in its yearly lows, either way i'm here for the ride.
DGB - Slow Bleed OutDGB does not look like a good setup. Most of the buying occured at that lower PoC/HVN. Look for a potential entry at the .786 Fib, or for volume to confirm a bullish reversal Hammer candle or reversal pattern.
[DGBBTC] DigiByte Completes Retrace [95% PP]DigiByte is the great money maker for us, and when it goes it goes.
This altcoin is a classic and it is great for long term hold, it maintains its price strongly and it is starting to show signals of a reversal... Let's trade for profits, but a few signals first:
- Long bullish divergence vs MACD and RSI.
- Breaking above EMA10.
- Support tested twice.
- Increasing volume, highest since late September.
Trade instructions for DGBTC by Alan Masters
Buy in: 360 - 340
Targets:
(1) 390
(2) 430
(3) 490
(4) 540
(5) 590
(6) 683
Stop loss: Close daily candle below 322.
Enjoy this trade.
Namaste.
DigiByte is Having a Moment of Truth We haven’t really talked about Digibyte a lot, but this is an OG token (created before 2017). Thus, it deserves its just due and respect in being covered by us.
As one can see in the chart above, it appears that $DGB could be poised for a price run, however, there is no guarantee.
Similar to the other coins that we have covered today (November 10th, 2018), the price of $DGB is riding on a support at the current moment. So, if it falls through, then the losses could be substantial.
If we look back at the chart over time though, it does appear as though the resistance point that $DGB is currently hanging against is fairly substantial.
Downtrend Line
The downtrend line for $DGB goes all the way back to January 2018, which makes it really well-established.
However, the support line goes back even further, so we have recent to remain optimistic that it will hold in this scenario as well. Although, we won’t gamble on it because a sudden fall below the support line (and it has happened this year), would probably occur with price action that is moving so fast that a S/L may not be triggered fully (depends on the exchange + liquidity) before the price falls below the S/L point.
Therefore, we’re going to look at some cautious trading strategies on this one.
Potential Inverse BARR (Bump and Run Pattern)
As you can see in the chart above, the price action appears to be showing us a reverse BARR pattern.
Now, there’s a solid chance that this price action does not fulfill itself 100% for the DGB / BTC pairing, but it coming anywhere close would definitely be a major gift for Digibyte bulls.
In theory, this represents the potential gains that one could receive form the Inverse BARR
Bulls shouldn’t get too happy yet, and here’s why..
Taking a Look at the Fibonacci Levels
Since there is a wealth of price data for $DGB (remember this is an OG coin), we decided to draw the top of the Fib from the most recent localized high, which occurred in early January 2018.
The low for this indicator was drawn to 250 satoshis.
Here’s a graphic to show you exactly what we did:
As you can see in the chart above, it looks as though the price may have actually broken below the 78.6% retracement zone for the Fib (which would not be good for those that are anticipating bullish price action in the near future).
Let’s scroll in and take a better look at what’s going on:
Zerononcense Reversion Ribbon V2
The dark red candles are not a good sign on the reversion ribbon V2.
This indicates that the price could eventually make that nudge below the established support point that we pointed to at the beginning of this price analysis.
If that does happen, then once again, bulls could be in some serious trouble.
Relative Strength Index(14)
Again, what’s written on the chart above is pretty self-explanatory for the most part.
Conclusion
There’s not really much for us to do with $DGB #Digibyte for the time being except for wait (like one must do with a lot of other cryptocurrencies in the market currently).
If there’s a bounce, then it would definitely be worth placing a solid investment in the project.
If not, however, then that -20%+ loss would become more of a reality.
Digibyte $0.70 - 2020This chart represents what I believe will happen to Digibyte in the years to come, as you can see from the patterns that have formed in the last few years and how thy replicated themselves. As of today, it has gained 403000% from its bottom price all the way to its ATH. Lets see how we get on. While digibyte is a sleeping giant and most investors pass by it, It is getting recognised truly for a token which could be used everyday, Mainly because its speed of transfer of tokens is unbelievably fast.
DGB sit inside, big move coming soon!
Hi everyone, this coin DigiByte is undervalue now, big potencial for big move.
Stoch 1day looks fantastic
DGB now sit inside triangel on big supports
Volatility this year is smaller and smaller
In 2018 there was a few big moves from 250 to 520sat, 330 to 650sat, what next?
In charts I think that will be move inside the triangel to:
1.target 370-390sat
2. target 430-450sat
I get alert to 320sat if will be break down, after situation I can get stoploss. DigiByte I have for longterm hodl, thats why get stoploss by situation.
But now will be two strong months in cryptomarkets,
so there is possible scenario that we break up triangel and we can look so much higher than 450sat.
Thank you for your likes, comments and follows.
I will be update situation.
Digibyte DGB short term forecast | -30% to -75% dropBefore we enter the long term bullrun I see a retrace incoming not to far away from now. I did mention that in me previous post. If the green 0.618 holds we see a 30% drop in price for the accumulation zone but if that fails, depending of what BTC is going to do, this level could not hold and could we see a further downward move to -75%. Be aware of that possibility!
Thank you
There is a trading opportunity to buy in DGBUSDTechnical analysis:
. DigiByte/USDollar is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 38.
. While the RSI downtrend is not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.022 to 0.015). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.022)
Ending of entry zone (0.015)
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 the 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= @ 0.031
TP2= @ 0.037
TP3= @ 0.049
TP4= @ 0.068
TP5= @ 0.089
TP6= @ 0.109
TP7= @ 0.136
TP8= Free
There is a trading opportunity to buy in DGBUSDTechnical analysis:
. DigiByte/USDollar is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 38.
. While the RSI downtrend is not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.022 to 0.015). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.022)
Ending of entry zone (0.015)
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 the 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= @ 0.031
TP2= @ 0.037
TP3= @ 0.049
TP4= @ 0.068
TP5= @ 0.089
TP6= @ 0.109
TP7= @ 0.136
TP8= Free
DGB "A Beginning"Here we are in Strong Support Zone. You can buy on 340-345sat.
Sell Targets will be,
i- 370-374
ii- 395-403
DIGIBYTE, DGB/BTC (BITTREX) Trade Opportunity!DIGIBYTE is in a descending channel however I see a possibility of a reversal with DGB. We have EWO showing bullish divergence. STOCH moving from oversold area. DEMARKER is going from low demand to high demand which is another bullish sign. We have had a dump to 0.00000323 area and bounced from there so a double-bottom to that area before going up has a strong possibility. So, we have our indicators showing bullish signals and a possibility of bullish pattern. So now we have to just wait for DGB to exit this descending channel(red line) and EMAs to squeeze.
Good Luck, Traders! #moon #mooncommunity #turtlestyletrading ;)
Be a turtle my friend © Farhad Jafarov
Bulls Hanging On At Weak Support, Lower Support Looking Better Momentum at the current support (dotted line) is looking frail. Bears are likely to overcome this level soon and push DGB down to the stronger pennant support below (red) which also overlaps with lateral support (lower blue line). This doubled up level should provide bulls with a good opportunity to push back and continue inside pattern.
I bought 1 million Digibytes (30k CAD)This crypto has alot -2.53% of chance to reach 1$.
It will give me 1 million and its only 1 investement i have in crypto :)
This is one opportunity of the best opportunity in the crypto world.
This is not a trade, i will hold as long as i want. It does not affect my bankroll.
Trade at your own risk!
$DGB - Trade Setup (LONG)- Bullish divergence on 2h
- Ben Trend Indicator is bullish
- Great upside 52%
DigiByte (DGB-BTC) LONG TRADING IDEA - Technical analysis Seems like DGB could have the potential for a big up move, is been oversold on 2 indicators on the daily chart, it also have formed a nice bottom pattern, it could reverse and start a new uptrend of a month or so, destination the upper side of the descending channel formed above. Low volume on the last weeks has dropped the price of this coin lower, but this seems like a great price to buy in order to anticipate the recovery, aif not would be easy to spot soon as is get down to the support levels of 300 sat a possible descending continuation, set your stop loss accordingly.
Entries at around 350 satoshi long with targets at 450 sat and 530 sat.
Hope this will inspire some new ideas, don't forget to hit the like/follow button if you feel like this post was helpful, that's the best way to support us and our work.
Happy trading days
C-Monkeys
DigiByte DGB/USD Rolling Pivots. Big move soon? DGB has a long history, great dev team, it's super fast and as useable today as any coin out there. I add these fundamentals not as shill but because it's a great coin to watch from a historical perspective. What makes it great is that it's more organic in movement than most, an O.G. POW coin that's time tested alongside the likes of BTC and LTC. Sometimes ALT coins can be used as indicators for the market. If you watch DGB you know it's not going away and that often it has systematic movements that can help predict the market. Also its affordable and only on every exchange expect Binnance, which can lead to some non organic growth. Also see Dogecoin now that it's being taken seriously
#DGB #DIGIBYTE #BTC #BITCOIN
$DGB, Tell It Like It Is…
Weekly
Looking at our trend timeframe we see price continuing to respect it’s downtrend, recently rejected at 400 satoshis. DGB now looking for support, momentum in favor of bears. Expecting a drop towards 200, where we’ll be looking for a double bottom formation.
Daily
Shifting over to our pattern timeframe we see DGB at a critical point, with yesterday’s candle left indecisive. Today’s open 372 with a high of 380 an a low of 359. Stochastic RSI showing momentum in favor of bears, a daily close above 375 and expect a push towards the upside, however if rejected and we see a daily close below 360 expect a sell off.
