Digibyte Profit Taking! Now What?Digibyte, along with most of the cryptos that are actually acting well all had 9 counts on the TD Sequential Indicator. All in all, nothing to really worry about. Just the move was exhausted and this is where profit taking usually occurs. Literally, the exact same action as the Bitcoin chart. Which to me, is rather healthy. This is giving the overbought RSI a chance to cool down and reset, the MACD is still in great shape and have plenty of room to run. DGB actually touched the top of the Bollinger Band and this all happened in concert with the TD 9 and RSI entering overbought territory. Everything lined up perfectly for a pause in the upward movement. This is what you want to see when you decide to do any trading. You want as many indicators as possible helping to assist you in putting the probabilities in your favor. No single indicator is going to be right all the time, you have to take a 360 degree view of the whole landscape before you execute a buy or sell.
If we can start to trade above 2.9 cents and close there tomorrow, then we will have a green 1. On Wednesday if we can get a green 2 then we should see some bullish action. The absolute best case for DGB is to trade above the 200 day moving average around 3.3 cents (hopefully with some decent volume and then you can buckle up for a nice move higher. Until then..... snooze fest.
DGB
Digibyte Analysis. Price StallingThe Digibyte price is stalling at the 200 day moving average. It was able to briefly trade above it yesterday but was rejected. This move coincided with the same action on the BTCUSD chart at the 50 day moving average. Also happening simultaneously is the daily 9 forming on the chart while using the Tom Demark Sequential Indicator. This is usually normally the time when profit taking occurs and the recent move pauses. Totally fine for DGB to sit around for a few days and then resume the next move upwards. Still a lot of bullishness in the chart here. This smack down also puts DGBUSD back below the saucer formation breakout level that it's been flirting with. Truth be told, the longer Digibyte stalls here, the greater and stronger the move can be once it finally busts out of range. It's well above the 50 day moving average and that should be strong support if the price should get into trouble. If DGBUSD loses the 50 day moving average at around 2.5 cents, then good night nurse and you're in for some trouble. Right now, this is just normal profit taking and I'm not too concerned with it. What do you think? Please comment below.
Digibyte 4 Hour Chart. BreakoutDigibyte is at a crucial breakout point on the 4 hour chart. This saucer formation started on March 12th and we're finally testing these levels today. A move out above this resistance point here should have some legs to get the price to the 3.5 cent level before pausing to at least digest the move. The RSI is flirting with overbought territory so that may delay the upside move but then again, anything can happen. The MACD did have a bearish cross a few hours ago but nothing that can't be reversed quickly.
I have to say, this DGBUSD chart does look bullish and while nobody knows how far this goes, the characteristics for higher prices are showing up in the chart.
BITTREX:DGBUSD
Digibyte | DGBBTC - 1 year ago and now same timeframesLet's see if it happens again, bull market must be confirmed. It plays out well until now on the same timeframes as last year.
In bull market we will get much more volume then last year.
Digibyte Price Analysis. There's a lot going on in this chart here.
Bullish Case
Digibyte has closed above the 50 day moving average for 2 consecutive days and it was above average volume. The volume acts as a good confirmation that this was a meaningful move and as long as we can hold the 50 DMA, we should be in good shape. If anything this should act as support if the price gets in trouble. If anything, it should at least bounce the price. Digibyte has also been challenging and flirting with the 200 day moving average. A break above and especially if some decent volume accompanies it, is very bullish. The MACD had a nice cross at the lows on April 2nd. Usually this type of divergence, (being the price heading down but the MACD crossing up) is a good indicator that the trend may be due to reverse. The cherry on top is the beautiful saucer pattern that started forming on March 3rd and that was also a crazy price action day for DGB. We're sitting at the top of the saucer right now and this also can help propel the price higher if it breaks out.
All of this is a perfect storm for higher Digibyte prices if we can break out of this area.
Bearish Case
Well the overall breadth and crypto market in general still has a lot of work to do and some serious "technical healing" on the longer term charts. The RSI is heading into overbought territory on the daily chart and this could potentially "pump the brakes" to make the price stall at the 200 day moving average.
Other than that.... not a whole lot of a case to be made for the bears here.
DGB/BTC Forming Inverse H/S Excellent LONG OpportunityDGB/BTC Forming Inverse H/S signaling a bullish trend reversal. Major resistance lines up with the latest bounce, let's see if it holds through the inverse H/S.
Potential Saucer Formation Breakout on the DGBUSD Chart!Nothing is certain.... However, DGBUSD forming a nice saucer like pattern on the daily chart. This started forming around mid March and is at the upper end of the saucer. A breakout here + it's meeting of the 50 day moving average is a critical point in this chart. A move higher and accompanied with some decent volume should make for a nice move to the upside. Failing here, which would be expected with the current bearish landscape of the crypto sector would be par for the course. Then again. Anything can happen. What do you think?
Siacoin (SC) Can We Get 10x Again? (Over 340 Profits Potential)Siacoin (SC) is one of the most famous altcoins of all with low market cap., and has really good fundamentals. The development team is active and on top of the market starting to reverse now, there's news on the pipeline and a TSO launch for this project on the 16th April.
Now, can we get 10x out of this coin? Here is the chart for 2017 after May:
- The magenta line represents the two tops reached in 2017. We had two strong bull run for this coin last year. If we want to get 10x or more, Siacoin needs to break its all time high... This can take some time... In the meantime, let's focus on the profits.
Let's look at the details for this trade.
CHARTS, SIGNALS & INDICATORS
Siacoin (SC) daily chart:
- First notice how support is almost always found at the same breakout point that started the last bull run. Note this as this can be useful in the future for trading. When a top is reached and the big retrace starts, you can check for the last big breakout to buy in again into any coin and enjoy profits on the way up. The bottom reached this time was 121 satoshis, marked with a black dotted line. For the first bull run of 2017, the bottom was set at 48 satoshis.
- Here you can see that the SMA20 (green line) is curving and soon crossing up the SMA50 (blue line) and SMA200 (brown) lines. This is a very bullish signal. On the 6 hours chart this signal has already been confirmed.
- We can see the accumulation period marked by the positive divergence on the MACD and all the usual suspects.
- Doji, reversal candle on the daily chart (yesterday).
- Weekly chart looks very positive.
- Siacoin (SC) looks good for a long term trade.
- So what are you waiting? Let's trade!
TRADE INSTRUCTIONS
Buy-in: 0.00000160 - 0.00000220
Siacoin (SC) Targets:
(1) 0.00000250
(2) 0.00000330
(3) 0.00000459
(4) 0.00000551
(5) 0.00000668
(6) 0.00000850 (2017 All time high)
(7) 0.00001006
Stop loss: 0.00000084
Message: Look At The Sky
I am looking up to go up.
I am going up while looking up.
Light blue, shades of gray.
Vibrant yellow, orange and red.
Look at the sky!
It is beautiful... take your time...
Please... look again!
Namaste.
Digibyte - fractal alertI see a very bullish fractal happening now with Digibyte...possible explosion within the next week!
update with fib retracementHere is an update zoomed in with the fib retracement levels. I believe we have finished correction. what do you think?
DigiByte (DGB) Long Term 800%+ Earnings PotentialLast year DigiByte (DGB) had two very strong bull run. The first one was incredibly, around June 2017. For the second we made huge profits, more than 7x. Now we have the chance to buy DigiByte before its next bull run.
The market is getting ready, take a look at the long term chart before we start:
* After some more consolidation and accumulation, you can expect DigiByte to take off.
* Let's continue below...
DigiByte (DGB) Trade Analysis by Alan Masters
You can find my old DigiByte trade in my trading view profile. You can see the strategy we used to make up to 7x in a few short weeks.
I also mentioned this coin in my "Top Altcoins for Long Term Hold" articles, because of its huge growth and profits potential.
Now let's look at some of the positive signals and indicators the charts are showing us, and finally, let's take a look at the details on how to trade this coin for massive profits when it takes off strong.
Let's look at bit closer at the daily chart: DigiByte (DGB) Trade Analysis by Alan Masters
- We set the bottom @ 225 satoshis (0.00000225 btc) for DGB second bull run. The last high reached was 830... let's see how far up this time we go.
- Yesterday, 10th March, DGB had a strong breakout. It broke and close above the resistance around the 280 satoshis level. This is a bullish signal, and if we close strong again today we will keep the 200SMA line as a strong support.
- All the indicators are now bullish or trending up on the daily chart, with plenty of room left for growth shown on the MACD and RSI.
- The action is yet to start on the weekly, but last week was positive and this one is having a great start.
- The 4 hour charts has some very strong bullish signals.
- It is wise to get ready, by buying DGB, for the next bull run. All you have to do is pretty simple... Buy & Hold this coin... Namaste.
Trade instructions
Buy-in: 0.00000270 - 0.00000330
Targets:
(We will aim big. DGB is a very strong altcoin. This is a long term trade).
MID
(1) 0.00000367
(2) 0.00000456
(3) 0.00000595
(4) 0.00000694
(5) 0.00000823
LONG
(1) 0.00000801
(2) 0.00001141
(3) 0.00001721
(4) 0.00002111
(5) 0.00002669 (All time high)
Message: You Can Earn As Well
It is can be incredibly easy to make money trading cryptocurrencies.
And it can be extremely profitable if you focus on the Altcoins market.
All you have to do is "buy & hold", to later sell for profits... That's all it takes.
Buy when the price is low. To sell when it goes as high as it can get.
It is easy to make money here... You can earn as well.
Just follow these simple trades, buy & hold, and later you can sell.
Make sure to secure some profits, each time you reach your target goal.
Namaste.
Digibyte is a SHORT TERM BUYWe are buying DGBBTC around 300 (+/- 10%) Area. First Target 440, followed by 572
Digibytes break out confirmed? Not yet.
Digibyte has been pumped by some whales who gave a sign and the sheeps followed their signs.
Due to their sign there was a massive buy by the followers of these groups and they will massively dump when Digibyte reach 349 satoshi.
Be aware of these kind of 'traders'. I expect Digibyte to reach the fibonacci level when it's not dumped to much and after it will correct towards a lower fibonacci level. If it does not decrease lower than where we started we will see the third wave of Elliot and we will have a bullish trend confirmed.
Peace out.
DGB - No one is talking about itDGB is a rediculously undervalued coin from a strict FA perspective, but let's look just look at the chart:
Seeing a lot of similarities from the accumulation before the previous pump. Ichi looks similar, the TK lines are flat and crossing each other on the daily. CMF, MACD, and Stoch RSI all have bullish divergences. A lot of good signs here. Buy signal on the MACD system as well. No keep in mind, last time there was a sharp drop into strong liquidity - down around 75 sats from 120-150 area - before it really took off. So I have some orders increasing in size down the book. I sold on the previous run and started buying back in under 350 sats. My largest order is very low, just in case. Fully expect DGB to break the ICHI cloud and start pushing up again. Long term resistance trend is right out in front of the price at about 275-300 sats, so watch for price to break or fail at that level within the next few days. It has been following BTC like most of the market, so if BTC drops below the support at 6500 DGB may follow it down.