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Digibyte / Bitcoin

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DGBBTC trade ideas

Bullish Flag Formation (4h chart)As I said in my preview post, "we have a possibility of bullish flag formation, if DGB breaks below 210 (under pennant), but hold above red/orange line." Now, we have a bullish flag formation. If candle close above 215, DGB will turn bullish. If candle close under 185, DGB will turn bearish. Support at 190 (EMA 200 + flag bottom). EMA 50 / 200 didn't cross (very bullish signal). Very strong resistance RSI at 60, DGB will need a large volume to break that level. I hope you enjoy this update.
Long
by WgrCryptoGuy
2
Digibyte 4h UpdateAs I said in my preview post, we have a strong RSI resistance at 60 level and other strong resistance at 220 sats (both were clearly marked on the chart). If Digibyte breaks these two resistances, a big upward movement will be expected. 1 - EMA 50 / 200 didn't cross (very bullish signal) 2 - Pennant formation 2 - MACD going up 3 - RSI fighting to break the resistance (+-60) 4 - Support at 190 sats. If Digibyte climb above 225 sats (candle closing above 225 sats), a great upward movement is expected (uptrend reversal)
Long
by WgrCryptoGuy
1
There's still hope for DigibyteFrom the week of April 17, 2017 to May 1, 2017 DGB dropped approx 48% in value (116 to 61 sat) before nearly touching the 9 MA before its historic bullrun. We are currently down approx 47% from May 5 high (294 to 154 sat) and nearly touched 9MA. If this trend is to repeat the historic 2017 run, it is expected for DGB to recover these last 4 days of the week and hopefully close the weekly candle green. Stoch RSI also shows DGB oversold on the daily chart for the first time since April 16, where it then rallied +200% in the following week. Good luck to you all!
by itzmackie
1