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Digibyte / Bitcoin

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DGBBTC trade ideas

DGB - Digibyte Daily Chart Digibyte is a third coin on a long term investment situation based on its weekly and monthly charts, so i post this looking for a buy in on the daily. Right now, Digibyte has been in moving to a more bearish trend with lower highs and lower lows, so a buy in may take some time. All oscillators confirm the trend is still bearish and we may not see support until we hit 430 Sats which is the bottom Bollinger Line and a prior daily support location. If the bounce happens, we still have to gain some ground to confirm a more bullish trend. I would be waiting for a close above the 20 period moving average and a break of a resistance area i have marked at 481 SATS. A buy in may take some time before i look to start accumulating Digibyte, so I will have to keep a long eye on this coin. If support fails, this could cause a complete bearish reversal for long term investment consideration. We will see which direction Digibyte moves in the coming week..
Long
by UnknownUnicorn2091450
Bottom Finder Indicator May trades DGBBottom Finder made many good trades on the month of may on DGB. With the hard fork coming up June 21st, I suggest buying in soon. You will get a bump in price appreciation from people buying into the soft fork. Plus keep your DGB off exchange in wallet, and you will receive "free" coins from the hardfork as well! For this reason I suggest buying and holding some DGB, and feel the medium term outlook is good for the coin. With a signal from Bottom Finder just in, its a great time to enter.
Long
by theheirophant
5
$DGB Bull FlagAnalysis by E59192234 DGB 4-hour chart is looking a lot like a bull flag. This would be a continuation of the current bull trend. I am also hearing whispers of a possible big listing coming up, so I'll be looking to enter when the 4 hour RSI is oversold or on a break of bull flag resistance. Thank you for reading my analysis! Please consider following/commenting/liking my TradingView posts. I always value input from this community and I welcome constructive feedback. Thank you! E59192234
by E59192234
2
Digibyte at the crossroads DGB/BTC Digibyte DGB/BTC has completed a wave 4 correction via a complex wxy pattern after failing to break above 500 sats . for over two weeks it has been caught in a negative downward median line set unable to break out due to a collapse in BTC price. However the extended length of time spent at this upper level and large consolidation is a positive sign that price has found a potential platform to move up from. BTC is in the process of a producing a horizontal basing zone and therefore DGB has potentially started the 5th wave therefore DGB/BTC is now at a crucial moment. A major resistance line has been broken and is now potentially acting as support. A return below this line is a sign of major weakness. A minor resistance line in pink is yet to be tested and a retest of this line should it be broken may provide an entry point. However failure to make it out of the downtrend line sets a move fundamentally driven by BTC price action may see a failed wave 5 and a return to the 300 sat range. Due to it's explosive history there might be an extended wave 5 beyond the target area of around 570 sats. However this depends fundamentally on BTC price action. A break of the lower parallel line signals further downside and a return to FIAT may be the safest bet while BTC continues to correct.
by J00Z1
Digibyte DGB Daily Showing StrengthSituation 1. Bitcoin holding 8k support and consolidating nicely. 2. DGB MACD bullish convergence developing 3. DGB RSI has plenty of room to move Breakout Scenario (BTC stable or uptrend) 1. Break out of downward channel 2. Test previous resistance around 530sat 3a. Retrace to channel support (previous resistance). Resume upward movement. 3b. Break 530sat. Run up above 600sat (+20%) 4. Continue on bullish sentiment or enter new accumulation Breakdown Scenario (BTC choppy or downtrend) 1. Rejection at channel resistance 2. Fall to MA; test support 3a. MA support fails... Test channel support... 3b. Supports hold, retest upward resistance
by MilesHill