Buy signal most definitely, digiassets recently announced + constant major development news.
Digibyte is the perfect market catalyst and does appear to be putting in its yearly lows, either way i'm here for the ride.
With digibyte's recent performance in this bear market and the overwhelming amount of good news coming from both the Core team and DGBAT, including Digibyte on CNBC Fast money today... It all leads up to this, the perfect storm for digibyte to gain attention and publicity in turn bringing in multitudes of new investors.
Above is an upward trend (indicated)...
Possible long term close at around 6,000
Bitcoin has still yet to fully break its current downtrend.
Holding is important in these situations.
Also note that it is retesting the April support levels, which can lead to one of two things
1. The market will find a bottom soon and hope for a short term rebound.
or
2. The market breaks the April support...
Digibyte looks to have enough momentum on the 4h chart to break the .036 line and continue the downtrend, but if there is to be a reversal that falls below the green indicator we will be looking at a more extensive dip then for-sought.
I suggest holding as of right now.
POLONIEX:DGBUSD
I call it Spider Web TA
But ya its pretty basic, it seems that we will continue this downtrend until around the 6900-7000 area, hopefully around there we can start to see the return of green and if not we may see a much further fall.
