DGB/BTC - 6 Month Trade, Min 1000 Sat Target
Updated
Expanding upon my last long term idea, DGB/BTC looks great on the monthly. You can see it is forming a larger ascending triangle. There have usually been 1-2 months of green candles, followed by 1-2 months of red candles. The next month could be red or green, but then followed by one last red IMO. After that, all systems go.
There is a lot of talk about BTC going to 100K and Digibyte possibly reaching $1. This theory allows for both to happen simultaneously. I would try to buy DGB/BTC on the trend line if you are patient enough. After this past month being such a profitable month, chances are we will eventually have another corrective month before launch time.
This also goes along well with my theory about the end of summer/beginning of fall being the start of the next cycle for cryptos. (U.S. tax extensions in October, ETF decision delays, etc.)
DYOR and take it for what it's worth. I am currently invested in DGB and have a bullish bias for the project and its future growth.
There is a lot of talk about BTC going to 100K and Digibyte possibly reaching $1. This theory allows for both to happen simultaneously. I would try to buy DGB/BTC on the trend line if you are patient enough. After this past month being such a profitable month, chances are we will eventually have another corrective month before launch time.
This also goes along well with my theory about the end of summer/beginning of fall being the start of the next cycle for cryptos. (U.S. tax extensions in October, ETF decision delays, etc.)
DYOR and take it for what it's worth. I am currently invested in DGB and have a bullish bias for the project and its future growth.
Note
August has been a red month after all. The candle will close in a few days and appears that it will close within the ascending triangle. The wick got as low as 330 and presented some great entry points. I still think that anywhere from 370 - 440 is a great place to ladder in buys and I am still expecting this trajectory to hold. BTC may have a few more months of sideways movement and maybe one last drop, but hopefully we are almost ready for a new cycle to begin.Note
Correction: Wick got as low as ~345 (not 330)Note
Monthly not looking good here. We will see what happens during September but if BTC doesn't find support around 5800-6000 and bounce, then DGB is probably not going to close within the triangle.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.