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DGB

DigiByte Hits Support & Challenges EMA10 | Where To Next?DigiByte (DGBBTC) is one of the strongest and oldest cryptocurrency projects around, solid as a rock. DGBBTC went on a strong retrace recently and finally hit support. The support that has been hit is a very strong one, marked on the above chart with a blue dashed line. Notice that even though this support has been hit multiple times, each time the candle close happens above the dashed line, leaving a long wick. After the support is confirmed we end up having a bullish wave. Just three days ago this support was confirmed and now we have DGBBTC moving above EMA10, signaling bullish potential. Based on the signals mentioned above, this can be the beginning of a new bullish wave. Targets in the form of Fib. proportions and EMAs can be found on the chart. Feel free to leave a comment if you have any questions. This is Alan Masters, thanks a lot for your continued support. Namaste.
Long
by AlanSantana
1
There is a possibility for the beginning of an uptrend in DGBETHTechnical analysis: . DigiByte/Ethereum is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 66. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00004050 to 0.0000360). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00004050) Ending of entry zone (0.0000360) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons : Take Profits: TP1= @ 0.0000460 TP2= @ 0.0000530 TP3= @ 0.0000604 TP4= @ 0.0000767 TP5= @ 0.0000899 TP6= @ 0.0001031 TP7= @ 0.0001219 TP8= @ 0.0001459 TP9= Free
Long
by ForecastCity
4
There is a possibility for the beginning of an uptrend in DGBETHTechnical analysis: . DigiByte/Ethereum is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 66. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (0.00004050 to 0.0000360). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.00004050) Ending of entry zone (0.0000360) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons : Take Profits: TP1= @ 0.0000460 TP2= @ 0.0000530 TP3= @ 0.0000604 TP4= @ 0.0000767 TP5= @ 0.0000899 TP6= @ 0.0001031 TP7= @ 0.0001219 TP8= @ 0.0001459 TP9= Free
Long
by ForecastCity
6
DGB BACK TESTED TRADE STRATEGYStacking DGB responsibly (not financial advice) Apply 50% rule for purchases - purchase initial position using half the amount you want to invest - only ever purchase more if the price falls by 50%, using half of the remaining amount - you have an infinite number of times to purchase - apply the same formula to any new crypto position Apply the 10% rule for withdrawals - sell 10% if position does 100x - sell 10% (of the remaining 90%) if it doubles from there - sell another 10% (of the remaining 81%) if it doubles from there and so on - you have an infinite number of times to sell Specific example: - lets say you had $1000 to buy Digibyte in 2016 - maybe you bought at .0008 in the bull run 625,000 ($500) - in the next 15 months you would have bought 625,000 at .0004 ($250) - and 625,000 more at .0002 ($125) - you now have 1,875,000 Digibyte (cost $875) - in 2018 you sell 187,500 at .04 ($7500) (100x average buy price) - sold 168,750 at .08 ($13,500) - now you made $21,000 by selling roughly 1/5 of your original $875 investment. - the remaining 1,518,750 Digibyte has roughly never been worth less than $15,000 and for a very short window of time it could have been sold for $182,000 in addition to the $21,000 you made along the way. - but now you have 1,518,750 DGB going into the next bull run. Stack responsibly Do you think DGB will 100x, 200x, or 500x in the next bull run?
D
by GJMRealEstate
4
DGB/USD - Stages of a market cycle: Where DGB might sit(See my old idea with the other alternative channel option as well) As much as I'd like to see Digibyte bounce here and slowly climb along the edge of the top parallel channel, I'm just not seeing the volume that warrants a lift. What I have learned is that what we want to see is less likely to happen than what we actually end up seeing happen. BTC is still range trading, trying to break above 10k. If it doesn't manage to get and stay above that threshold but rather breaks down for a few months until the end of the year, it could take the alts down even further with it - Digibyte being one of those effected. If that's the case, I would expect to see Digibyte break down out of the previous parallel channel and beneath the current support line into what I've labeled as the "depression" buy zone ranging anywhere from ~ $.003 - $.008. Then, based off of BTC's next halving cycle next year on May 15th 2020, things could start a healthy cycle again in the crypto-sphere. The past few major cycles succeeded the halving, NOT proceeded. Either way, I believe DGB is at a crucial marker on the meme and it is important in my book to always look at 2-3 possible outcomes regardless of desires in order to actually perceive the end result and make wise trading/investment decisions and ins/outs during the entire process.
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by cryptomanna
1
DigiByte Breaks Its Downtrend | Manual Stop-loss Saved Us!DigiByte (DGBBTC) broke its downtrend on the weekly time frame (left) and printed a clear reversal candlestick (circled in blue). We can expect for DigiByte to recover here and a start a new, strong and sustained uptrend... Yes, I am calling for a change of trend here. DGBBTC hit bottom on a low wick at 15 satoshis. If you follow "conventional" trading and had a stop-loss in place, you would get killed here and lose all of your money to this long wick. We use what I call a "manual stop-loss" and only activate this based on the weekly candle close. The same candlestick that hit 15 satoshis, ended up closing at 85 satoshis. We have an active trade for DigiByte and our stop-loss is a weekly close below 82 sats... So for use we remain active, our funds are safe and we can collect profits up once the trend change. Here you can read more about our manual stop-loss strategy: Thanks a lot for reading. Namaste.
Long
by AlanSantana
19
DGB/USD - Time Based Fib, Conservative Elliot Projection 2020-21Log chart of DGB/USD mapped in a parallel channel with time based fibonacci markers. You can see that DGB is at a pivotal point. Shifts in momentum and direction happen shortly AFTER the fibonacci markers. Thus indicating another 3 or so months of consolidation and accumulation before ushering in a change of direction in December 2019/January 2020. Based on a conservative elliot 5 wave projection, I can see us easily hitting the previous ATH again summer 2020 (roughly June/July) and eventually pushing to $.30 on the last wave up. Dependent on market sentiment there could even be an extended 5th wave up to $1 or higher. Now is just a waiting game. It won't happen quickly and the waves in between will be violent as investors and traders who got burned in the last cycle will be FOMOing and FUDing all over again. But, the trend is on its' way up for the long term in my opinion and will eventually see positive movement in due time. Just my two digibytes.
DLong
by cryptomanna