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DGBBTC trade ideas

Either way, buy or sell you better read!Set up on it's way! this post is going to do 1 of 2 things for you! It's a must read and I had no choice to post it as a lot of you are already in this trade it's running high volume and just hit a low from back on the 22nd December. Let's get in on how to trade this DGB You see the triangle with the black dotted lines, when in this formation if you every get a break in the first 2 thirds of a triangle it will either be a high momentum coin, false break out or plain manipulation. You will see we have already had one of these but whats important to us is what happens in the last 2 thirds of the formation which I've highlighted in red. As you've seen in the past I have posted similar set ups, these are my favourite as it's win win for all parties that read this post. We don't enter or sell until we get a break so we have no risk. If we break low of the triangle and close below it's a immediate sell if your holding DGB. If we break high it's a buy and we advance to green targets. Now right at the moment this coin is losing momentum as you will see with the black dotted line drawn on the RSI, this would tell us we will break low. We need momentum to bounce back for the move to break high However volume is there and looks good so there is a chance we can break high we would of lost momentum with the false break out at the start of the formation many people would of stopped trading this coin over that. So we need to watch this because if we break high we are looking at a healthy ROI that I won't be saying no to. Let's hope this coin breaks high, if it doesn't it has a long way to fall as the next support is a fair way down. If we do take off please keep an eye on the BTC as it will affect trade you can hold through the BTC move or if have notice and in profit best close some of your position. I am going to post another article with exactly what to do when BTC has a sharp move. This will fill your pockets. Cash Is King! Let's make some today!
by Cash-is-King
8
Digibyte Trade Idea (Retracement almost done, then ATH cycle)Digibyte Mid Term Idea As I've posted an idea about this one earlier, I'd like to update this one. Sometimes you're right, sometimes you're wrong. Sometimes you'll need to analyze a little more and that's with this one. Updates since the earlier posted chart from 22 February: The retracement zone is getting close. If you want to make a long swing on this one, I'd say it's about time to buy this one. Still thinking we'll reach somewhat good heights. Wave towards 900 is done. Currently retracing and didn't finish retracement as you'll see. Expecting that retracement will be towards 220-240 zone. Then some accumulation and then we're off towards 1400-1500 sats.
by CryptoMichNL
1
The DGB tries to hold the SupportThe DGB tries to hold the 300Sats level. If this support level is broken then we could see another leg lower with the DGB sliding down to the 140Sats level. The reason I am mentioning this is because BTC surged higher on Saturday with big volume as traders start to anticipate this drop. If the DGB price starts to drop, then holding BTC may be the best safe haven. 3-Day Chart: From the chart, it looks like the DGB trend may fall through weak support level and test the next support at 140-150Sats, I think it will be several weeks before we see such a test. The falling volume is a concern. If volume can rise above the monthly average, it is a good sign that price will test the weak support before the uptrend can start. RSI is below 50, a sign of the downtrend. The MACD turned down through the centerline, a sell sign and it is still trending down, which is a negative sign. In addition, the EMA lines put pressure on the DGB price, as well as 20EMA and 50EMA can make a death cross soon, which will be the sign of the strong downtrend. 1-Day Chart: I can't say it's a different chart, but the daily card a copy of three day chart, 20/50/100EMA is a resistance lines, the RSI is below 50 level, it's sad :( and the MACD below centerline without any positive sign on the horizon to bounce from the first support at 280Sats area. 4-Hour Chart: Volume has been trailing off, which is not a good sign for the price to keep going up. Watch for above average buying volume as a sign the DGB price will start it's up trend. Otherwise, we should expect a pull back. RSI is below 50 indicating the downrend. The MACD is at a low point, so the price need a spike to end the correction and start it's uptrend My concern is that most people seem to think the markets had bottomed, and if that's the case, everyone should be long right now. If the markets continue this downward slide a few more days we could see prices drop very quickly as I mentioned above. I would rather see the trend flatten more or start to head higher before I take long term trades to the long side.
by LudwigStirner
5
Elliott Wave Theory Digimon ^_^Time Frame: 4H Pair: DGBBTC This technical analysis is made with extra care to filter all bad noise. Basically, we have a bullish divergence on both MACD and RSI. RSI already dipped below the overbought area and is looking for a bounce upward to test 50 EMA blue and 200 EMA. As you can see, I have drawn Elliott Wave Theory based on () and rules that I read. The C placed further below is just a potential end of Wave C. At the moment, it seems like we have a falling wedge which indicate that price bouncing up could happen anytime soon. My target levels would be either 50 EMA or 200 EMA. There is also potential for the upper dotted red line also but it is likely not to happen. There is also a red resistance line running down which we need to close above to move further to 200 EMA. A failure to close above will make the price fall down again. And also, I took a look on TD sequential also and the TD buy countdown is already near 13th candle which could indicate a reversal / pullback anytime soon. Good luck, Request Guy!
by UnknownUnicorn2350177
1