A Second Chance to Buy in DGBUSD ...New trading suggestion:
*The price is in a range bound and we forecast the uptrend would resume.
*There is still a possibility of temporary retracement to suggested support line (0.031). if so, traders can set orders based on Price Action and expect to reach short-term targets.
* If you missed our first HUNT, you have a second chance to buy above the suggested support line (0.031).
Entry signal:
Signal to enter the market occurs when the price comes to "Support line" 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 the reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Technical analysis:
Price is aboveWEMA21, if price rises more, this line can act as a dynamic support.
Relative strength index (RSI) is 63.
Take Profits:
TP4= @ 0.068
TP5= @ 0.090
TP6= @ 0.110
TP7= @ 0.136
TP8= Free
Trade Setup:
We opened 8 BUY trade(s) @ 0.01985817 (day close price) based on a reversal candle ( Hammer ) at 06.24.2018 in our previous suggested support zone.
Total Profit: 17803464 pip
Closed trade(s): 5742549 pip Profit
Open trade(s): 12060915 pip Profit
Closed Profit:
TP1 @ 0.031 touched at 07.03.2018 with 1114183 Profit.
TP2 @ 0.037 touched at 07.07.2018 with 1714183 Profit.
TP3 @ 0.049 touched at 07.20.2018 with 2027 Profit.
1114183 + 1714183 + 2914183 = 5742549
Open Profit:
Profit for one trade is 0.04398000(current price) - 0.01985817(open price) = 2412183 pip
5 trade(s) still open, therefore total profit for open trade(s) is 2412183 x 5 = 12060915 pip
DGB
DGB potentially on verge of an inverted head & shoulder breakoutCould be an impending breakout...could also be a fakeout...watch for bullish volume to confirm. Probability favors a breakout with btc being so bullish lately, however there's not much room to climb up on the 4hr stochrsi...so it could still go either way.
DGB CRYPTO THERMOMETERas a measure of trade, where will digibyte find itself on the scale in the coming years?
DIGIBYTE: HUOBI & BITTREX EXCHANGE LISTINGS - PROFIT = 25.20% !Our "Crypto Bottom" Trading Indicator has correctly identified a buy in point on the 19th of July 2018 .
Using this buy in point and selling at today's peak price as identified, you would have expected to net 25.20% PROFIT!!!
The increase in price may also be explained by positive developments including:
April 4: Abra the first and only all-in-one app adds Digibyte to its app ( Abra -4.76% is an app that allows users to buy, sell and store over 20 cryptocurrencies and 50 legal currencies)
April 4: OkCoin (Korean cryptocurrency exchange) adds support for Digibyte.
April 6: Exodus Wallet adds Digibyte support.
April 14: Proposal that Digibyte will fund David Hay's Cúcuta humanitarian project.
April 18: South African cryptocurrency exchange Artis Turba adds Digibyte to its list of tradeable cryptocurrencies.
April 25: Digibyte releases their Android wallet.
April 25: Digibyte officially announces Digi-ID (integrated with their wallets). This is a DigiByte Blockchain-powered authentication service that can be used to replace username & password combinations and even 2FA. This allows users to register and login to any website or webshop with a single click or QR code scan.
April 26: Digibyte announces their IOS wallet (beta).
April 30: CryptoLark (Youtube Personality) has interview with Jared Tate (founder and creator of Digibyte). This has generated publicity for the cryptocurrency.
May 4: Okcoin (Korean exchange) lists Digibyte.
May 7: DigiByte annnounces that is now ready for cross-blockchain The Blocknet (The Blocknet orchestrates dapps and smart contracts into a "token ecosystem" via blockchain routing & decentralized exchange).
May 31: The NASDAQ for encourages investors to look at the DigiByte via their article: "20 Cryptocurrencies to bet the house on".
June 4: Digibyte gets mentioned in a Techcrunch article.
June 5: DX -0.16% 0.08% .Exchange adds Digibyte.
June 5: Guarda announces support for Digibyte.
June 6: Livecoin (cryptocurrency exchange) adds the following Digibyte trading pairs: DGB/ETH, DGB/USD and DGB/EUR.
June 6: Digibyte announces that Digiwallet RC7 (Android) has an 86% adoption rate and is 100% crash free.
June 7: Jaxx wallet announces support for Digibyte.
June 11: Instaswap lists Digibyte.
June 14: Maple Exchange lists Digibyte.
June 18: ezBtc Exchange lists Digibyte.
June 21: LINDA mobile/web wallet adds support for Digibyte.
June 22: OOOBTC Exchange announces that it will list Digibyte on the 25th of June.
June 22: Changenow Exchange lists Digibyte.
June 23: Digibyte adds the possibility of a proof of stake function to Digibyte.
June 27: Digibyte gets added to the Atomic Wallet. This allows users to access the Atomic Swap Decentralized Exchange.
June 27: Vertpig exchange lists Digibyte.
July 10: Digibyte's official android wallet is released.
July 10: Jaxx lists Digibyte.
July 10: Leading payments solution platform UTRUST has announced a technology integration with Digibyte.
July 13: Cryptopia lists Digbyte.
July 13: Abra announces that it enables purchases of Digibyte using Visa or Mastercard in over 30 countries.
July 17: Bitbox (an exchange that uses the LINE app) lists Digibyte.
July 18: Bittrex lists Digibyte.
July 19: Huobi lists Digibyte.
The positive developments have led to the increase in demand for and hence the price as well as the general recovery in the crypto markets.
***The "Crypto Bottom" crypto trading indicator used in this analysis is included as part of the Crypto Trade Signals subscription (check my signature for more information)***
#DIGIBYTE #BITCOIN #BITCOINPRICE #TRADING Price is going down. It could rise up between 2018/08/16 and 2018/21/08. Let's see.
You give me joy joy, DGB/BTCFriday 13th!! Last month Digibyte got my attention upon our trader friend Alan Master's call. From the day I looked at this chart, dgb only gave me joy, joy down to my soul. I sold the profits that I made (Namaste) but kept the original position, so I'm very interesting in what's going on with Digibyte in the crypto-markets while I'm getting ready to buy more.
Well, looking at the daily chart and setting only a few indicators to keep it simple (and also because I'm not pro), this altcoin is bullish all the way. A small bounce could be spectated in order to squeeze up one more time, though the retracement shouldn't go lower than .00000550 DGB/BTC. Makes sense that volume is now on the bearish side, decreasing after the other days' high. On the other hand, and to make this chart more attractive, the 20-EMA crossed above the 50-EMA a week ago and both are detaching interestingly from each other, adding strength to this over-all bullish momentum. It seems that DGB wants to run higher.
So if I'm not too stoned we are in an consolidated up-trend and, maybe, after this bounce which is natural and healthy, the up-trend will resume and looking very good. I think I'm waiting to see if the price brakes out the .00000620 resistance and go long again. Suggestions needed.
Peace.
DGB More up to go?What up people, first post in a while but thought I'd share my thoughts on DGB.
I will start by saying I do hodl DGB so am longterm bullish BUT I am also down to my core with longs closed at 650stats...and if you've seen my Bounce Play you Shouldn't Miss Again post you would have been long along with me in a bunch of your favorite alts when BTC tanked to the 5800-5900 levels AND taken a lot of profits after the 3rd wave which could easily be C of ABC rebound before more downtrend.
This ambiguity of whether we have put in waves 1-3 or an ABC is why I have the 1-5 subwaves labeled but not the larger picture. Assuming we are on a 4th wave I doubt that it is complete even though what I have labeled as the A can be counted as a completed ABC. The reason I discount that is because it happened so quickly. However it did bounce perfectly off the 61.8% retrace of the 3rd wave AND the 38% retrace from swing low to swing high of the entire move off the bottom (Green Line) so it is definitely possible that 4 is in. IF that were a completed wave 4 then we are putting in the 5 now and can expect a slightly higher high than wave 3 before a retrace to and through these levels again imo.
The scenario I put on the chart is that we have started the C down and will reach down towards the 500sat level between those 2 golden lines signifying key fib levels corresponding to 78.6% of wave 3 and 50% retrace of entire move up. if this area is reached, I expect a strong reaction and the start of wave 5.
There is of course the most bearish case in which we have put in our ABC off the bottom and are now going to put in a new low as BTC takes the market down with it should it break support around 6150-6000. That would make the red labeled ABC the 1-2-3 waves of the next impulse down (maybe subwaves of 1 of 5 if BTC takes a real dive to the 4900 level many are looking for.
Hope the options I have laid out for DGB help you along in your own due diligence. I have limit orders in at my golden box with stops just below at top of first 5 waves up so great RR. Not saying you should be doing same, just saying I am ;). IMO, we bounce there even in my bearish scenario, will just have to be quicker in taking profit is all.
GL
DGB .038 BATTLE ZONEonce resistance, may soon be support
this market is heating up
there can only be so much stealth accumulation before the market moves higher
DGB Target 685 SatoshiGreat quick trade for those looking to take profit
I would keep my eye on this coin.
Great technology | Decentralized | New Marketing Announcement | Mobile Wallets |
Lots of coins are discounted right now, take advantage.
Trade Active @ 543 satoshi
This is a LONG position for me.
Confirmation of break out above .328 neckline of #InverseHeadAndShoulders
DGB is a great project and is finally getting some Marketing.
www.reddit.com
What makes DigiByte More Secure?
Global Decentralization
The DigiByte blockchain is spread over a 100,000+ servers, computers, phones, and nodes worldwide.
5 Mining Algorithms
DigiByte uses five secure and advanced 0.00% cryptographic mining algorithms to prevent mining centralization compared to single algorithm blockchains.
Advanced 0.00% Difficulty Stability
Difficulty adjustments protect a blockchain from several forms of malicious attacks. By creating and implementing DigiShield & MultiShield, DigiByte has the most advanced 0.00% difficulty stability of any blockchain in the world today.
Tip jar below if you feel so inclined. Happy Trading
DGB
DK9Y9ucKwn7t1n31scBkvzcM8ithE6V2as
LTC
LNhSfV6txD1y5W7G93wess9mNvPZFxrkDH
DigiByte Rejecting Support - What Next?Recently DigiByte found the support at 88.6% Fibonacci retracement. It has been trading there for 4 consecutive days, and although it tried to break below, daily close always stayed above that level.
At the same time DGB/USD reached the bottom of the descending channel and for the past 4 days price has been steadily moving up. Now DigiByte is approaching the 88.6% Fib resistance, that corresponds to the upper trendline of the descending channel as well as 50 Moving Average.
So, the $0.027 could be the key resistance level that could help to determine further price direction. Break above should result in the uptrend continuation, although the corrective move down first is likely. But on the other hand if resistance is rejected, DGB cold move down towards $0.02 support to form a double bottom and potentially even lower.
DigiByte vs Bitcoin Uptrend ContinuationDuring the past few weeks, Digibyte has been one of the top gainers. After it found the support at 296 satoshis, which is 76.4% Fibonacci retracement level, price jumped up to 685 stoshis and has managed to outperform the Bitcoin by 130%.
Current small correction resulted in a drop towards 540 satoshis, where price found the support at 38.2% Fibs, also rejected cleanly so far. It DGB/BTC stays above that level, without daily close below, the uptrend continuation should take place.
Next upside target is seen at 786 satoshis, the level which previously acted as the resistance level on two occasions. Break above that resistance might suggest a potential trend reversal sending price to the new all-time high.
Nevertheless, if the current support at 540 sats will be broken a stronger corrective wave down should be expected, which should provide a good medium term buying opportunity.
DGBBTC - Price on support The price is on support and trendline. There is a good probability for turn over.
DGB 3H WAVE UPI am not a seller here, but I might add if we see .025 again.
new volume looks like accumulation.
DGB might sprint out in front of the pack as it climbs the market cap ladder.
can't wait to see it pass Zcash, Monero, and the king of fluff Litecoin. Ha!
DigiByte Key Support/ResistanceOn the 6th of November, DigiByte did hit the low at $0.022, where it rejected the 88.6% Fibonacci retracement level. Since then price price went down again, producing spikes below the previous low. However no clear break and close below has been established by DGB.
The interesting fact is that DGB/USD is once again tested this level yesterday, and it has been rejected cleanly. Nevertheless, there is also a resistance established at $0.032, where the downtrend trendline has been rejected.
If the support will hold and price will break and close above the $0.038, the change in trend could take place, where DigiGyte could produce a new all-time high. The very strong resistance is seen at $0.185 area, confirmed by the two Fibonacci retracement levels.
On the downside, it seem that break and close below $0.016 could invalidate the potential reversal and the downside pressure would become much more obvious.
DigiByte VS Bitcoin Uptrend ContinuesOn the 24th of June, DigiByte has found the support at 296 satoshis. This is the level of 76.4% Fibonacci retracement, that was rejected cleanly. After rejection, price went up and broke above the 50 Moving Average, suggesting the continuation of the uptrend.
On a small corrective wave down DGB/USD found the support at 50% Fibs, that was rejected along with the 50 Moving Average and the uptrend trendline. It seems the timing for the buying opportunity is great, although it could be better to wait for the break above the recent high at 419 satoshis.
When/if that happens, price is likely to increase towards the 61.8% Fibonacci resistance level located at 600 satoshis. This could be a potential growth of 50%, which could have just started.