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Digibyte / Bitcoin

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DGBBTC trade ideas

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:
Long
by Nevermorejk
[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.
Long
by AlanSantana
6
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.
by librehash
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.
Long
by crypTouche
4
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
Long
by farhadjafarov7