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DGBBTC trade ideas

DigiByte Ascending ChannelDigiByte (DGBBTC) has been creating its own chart... Separate to all the other altcoins. Here we have an ascending channel and we continue to see higher lows. The Relative Strength Index (RSI) indicator is looking strong and the MACD is above zero and moving up. DGBBTC is likely to continue growing and soon print a higher high. This is one of those altcoins that moves first and can signal what will happen to the rest of the altcoins market. If DigiByte stays strong, you can expect the rest of the smaller capped altcoin to follow up. Namaste.
Long
by AlanSantana
9
Analysis - DGB/BTCHello! Let's talk about Digibyte. In fact, this old altcoin is still alive. It is very interesting indeed. It looks more confident than most similar coins although it correlates with the market. The main growth driver has been Bitcoin halving in the past six months. DGB main mining is getting on the same algorithm as BTC, this is SHA256. And since after the halving, the miners' income has decreased significantly, this algorithm's alternative coins' demand to appear on the market. The DGB profitability is on average 10-15% higher than on BTC during the last half of the year. Everything looks pretty good on the chart, fixing above the 250 level is a good sign. There is a high probability that the main next target will be the level around 370 sat. But on the way to this goal there is also only the past resistance of 320 sat, the optionof retesting the support at 250 sat from top to bottom is not excluded.
by I.T.Analytics
3
DigiByte Still Looking Strong, Aiming HigherDigiByte (DGBBTC) went on a strong correction that lasted over 30 days, from mid-August to mid-September... We ended up with a higher low. With prices now moving above EMA50 and bullish indicators, it is possible to see additional growth. We are aiming for a higher high on the next price jump. We stay strongly bullish above EMA300/200 and MA200. Conditions for change If DGBBTC closes below 0.00000140 weekly it can signal that lower support levels will be tested. Above 140 satoshis we stay bullish easily. Namaste.
Long
by AlanSantana
7
The priceline of DGB has spiked after completing Butterfly moveThe price action of DGB broke down the support of channel. The moon phases gave clear signal for this bearish move because new dark moon appeared at distance from the support. The pricline has also broken down the 25, 50 and 100 SMAs: The priceline has completed the butterfly pattern and took power full move to the upside from the potential reversal zone: On the monthly chart the priceline of DGB has also completed Cup & Handle pattern: In case the priceline will break down the 25 SMA on the monthly chart then it can move more down to complete the final leg of bullish Shark on the weekly chart: On the monthly chart the bearish Shark move is still in play and priceline is moving towards sell zones: The targets of bearish Shark are as below: Buy between: 0.00000168 to 0.00000001 btc Sell targets: Secure sell targets: Sell between: 0.00000338 to 0.00000694 btc Aggressive targets: Sell between: 0.00000808 to 0.00000969 btc
by moon333
2
DIGIBYTE Time to Move on Easy 50%About DigiByte What Is DigiByte? DigiByte is an open-source blockchain, created in 2013 and released in early 2014 by DigiByte founder Jared Tate. Its network is based on three layers: smart contracts, decentralized applications (DApps) and customizable tokens. The middle layer, the public ledger, is where DigiByte digital assets exist in the network, while the third and bottom later hosts the decentralized nodes, the client software and their communication. A unique factor of DigiByte is its five mining algorithms — Sha256, Scrypt, Skein, Qubit and Odocrypt — whose advanced difficulty adjustment aims to keep the blockchain secure and protect it from malicious attacks. DigiByte has its own block explorer, DigiExplorer. DigiByte was the first major altcoin to activate Segwit in April 2017. In May 2019, DigiByte launched DigiAssets, which is a scalable second-layer solution on top of the DigiByte blockchain that offers the decentralized issuance of assets, smart contracts, digital identity and other features. Where Can You Mine DigiByte? DigiByte is only created through mining, as no tokens were created at its launch. It has a limit of 21 billion coins, which will all be mined by 2035. You can mine DigiByte solo or in a pool, using one of its five mining algorithms. What Is DigiByte Used For? DigiByte can be used as a payment method, like a fiat currency, or a store of value. DigiByte coins are also similar to gas in Ethereum in that they run the DigiAsset smart contract network. DigiByte can be stored on an exchange, or in a DigiByte wallet. For the latest list of exchanges and trading pairs for this cryptocurrency
Long
by blabdali
1
DGB Update. 1 Year Later and some nice fat returns. Neutral/BullDGB Analysis Amazing how far we’ve come over the last year. The world is throwing something new at us everyday, crypto took a nasty nose dive in Q1 of 2020 but has rebounded better than expected as we make our may into the new bull market. Lets take a look at how our DGB trade is doing. When we last touched on this we were laddering in heavy under a penny and had nearly 40 weeks to accumulate under those prices. However a better measuring stick for DGB is the BTC pairing where we were laddering in under 100 sats all the way dow to just under 60 sats. Removing the crazy flash crash which only happened on Bittrex exchange, we saw a beautiful rounded bottom play out. A bullish divergence play out as the RSI coiled up within an ascending triangle before a massive breakout in April of 2020. Lets now fast forward to the present and see whats going on with DGBBTC. Our sat levels have been steadily climbing to higher highs and retesting support and liquidity levels previously broken. Almost perfectly in sync we see a weekly pattern of green, red, green, red and so on. It’s crucial to maintain support above the 248-250 sat levels and keep closing at higher levels. We’re roughly 2-3 weeks away from having the 200wEMA cross bullishly with the wEMA ribbon which is a very bullish signal. This is certainly the longest bullish consolidation DGB has ever had. Typically we see massive spikes followed by deep corrections. Prior to this run DGB had averaged price spikes of around 4.8 weeks with more than 50% of those weeks being 4 weeks or less. This current run has lasted an incredible 20 weeks, twice as long as DGB’s prior best of 10 weeks during the 2017 run. Heikin Ashi remains bullish and signaling a pretty significant uptrend and we’ve seen no lower shadow on the previous 2 weekly candles. 278 will be our first line of defense to stay above. Closing below could signal a short term reversal possibly down to that 248-250 range. The orange line is a potential route for the 200wEMA as it continues its bullish cross of the wEMA ribbon. Long term: I will remain bullish until I see closes under the key 250 sat level. If you’re looking for an entry and If that level remains solid support, add on strength. Upside targets would be 367, 517, 637, 849 and then ATH sat levels. Im currently neutral to bullish on my position as this is a long term hold from me and I’ve already increased my overall portfolio by roughly 5X. -Rob D Swinging Crypto
by SwingingCrypto
6
DGBBTC a bullish reversal moveHey, friends hope you are well and welcome to the new update on Digibyte coin. Previously we have seen that the Digibyte was moving in an up-channel since April 2020. Recently the price action has broken down the support of this up channel. The price action gave two major signals before this drop. The 1st signal was if we place the volume profile indicator on the complete price action moving within this channel then we can easily observe that it was showing that there was a strong interest of the traders even below the support of the channel, and if we place the moon phases indicator then it can be clearly seen that the new dark moon was a appeared below the support of this channel. Both these indicators were giving clear indications that the price action is going to break down the support of the channel. Cup & Handle pattern: Now if we switch to the monthly chart to see what's happening on the bigger time period. The price action of DGB has completed the formation of a Cup & Handle pattern and the resistance of the cup is at 0.00000318 btc. After completion of the cup now the price action is moving within the handle. If we place the simple moving averages with the time period of 50 and 25 then we can also observe that the priceline is now moving between the two simple moving averages. At the moment the priceline of DGB has hit the resistance of 50 simple moving average and moving down to the support of 25 simple moving average. I have also placed the Fibonacci tool from the support of this cup up to the resistance. After placing this tool it is very clear that the price action of the DGB has retraced between 0.383 to 0.50 Fibonacci retracement level. At 0.50 Fibonacci retracement level we also have the 25 simple moving average support on the monthly chart. That is very strong support and it will be very difficult for the priceline of Digibyte to break down this SMA. Therefore I am not expecting that the price action will move more down than the 25 simple moving average. But if the 25 simple moving average will be broken down then we can expect that the cup and handle formation will be invalidated and we can witness a huge drop because if we switch on the weekly chart then price action is also completing the formation of a bullish Shark harmonic pattern. Bullish Shark move: On the weekly chart it can be clearly seen that the price action has retraced between 0.382 to 0.618 Fibonacci retracement level after the completion of initial X to A leg. Then priceline has projected between 1.13 to 1.618 Fibonacci projection of A to B leg and here we have received 2nd confirmation for the bullish Shark. Now as per Fibonacci sequence of this pattern the priceline of Digibyte can retrace between 0.886 to 1.13 Fibonacci level for the completion of the final leg. But the completion of the final leg depends on the breakdown of 25 simple moving average on the monthly chart that is very difficult. Conclusion: Now at one side on the bigger time period monthly chart have a complete Cup & Handle formation and on the other side on the smaller time period weekly chart we are expecting the completion of the final leg of the bullish Shark pattern. In my opinion the bigger time period pattern is more stronger and unless the 25 simple moving average would be not broken down we can expect a bullish move up to the resistance of the cup. But if the 25 simple moving average on the monthly chart will be broken down then we can witness a very massive sell off until the price action will not complete the final leg of the Shark. And from the potential reversal zone the of the Shark pattern we will see a powerful bullish rally. Therefore in any case we should use the 25 SMA of monthly chart as stop loss.
by moon333