DGB
Either way, buy or sell you better read!Set up on it's way! this post is going to do 1 of 2 things for you! It's a must read and I had no choice to post it as a lot of you are already in this trade it's running high volume and just hit a low from back on the 22nd December.
Let's get in on how to trade this DGB
You see the triangle with the black dotted lines, when in this formation if you every get a break in the first 2 thirds of a triangle it will either be a high momentum coin, false break out or plain manipulation. You will see we have already had one of these but whats important to us is what happens in the last 2 thirds of the formation which I've highlighted in red.
As you've seen in the past I have posted similar set ups, these are my favourite as it's win win for all parties that read this post. We don't enter or sell until we get a break so we have no risk.
If we break low of the triangle and close below it's a immediate sell if your holding DGB. If we break high it's a buy and we advance to green targets.
Now right at the moment this coin is losing momentum as you will see with the black dotted line drawn on the RSI, this would tell us we will break low.
We need momentum to bounce back for the move to break high However volume is there and looks good so there is a chance we can break high we would of lost momentum with the false break out at the start of the formation many people would of stopped trading this coin over that. So we need to watch this because if we break high we are looking at a healthy ROI that I won't be saying no to.
Let's hope this coin breaks high, if it doesn't it has a long way to fall as the next support is a fair way down. If we do take off please keep an eye on the BTC as it will affect trade you can hold through the BTC move or if have notice and in profit best close some of your position. I am going to post another article with exactly what to do when BTC has a sharp move. This will fill your pockets.
Cash Is King! Let's make some today!
All clear for DGB takeoff!Zooming out to the weekly, This paints a nice picture of where DGB stands. The long lines are strong support/resistance. The red aarow points to a green candle, which to me looks like a neutral doji. It may be sideways trading for a while, but patience wins this race. target is 35 cents first, probably a correction, and 1$ is likely EOY if this keeps up. We are testing the support here soon, so I'm cautious if things go sour. Lots of eyes will be on bitcoin this year, as many new buyers will probably be entering the space. If DGB lives up to its marketing promise then it will hopefully gain more traction than it is currently receiving.
Finally, just a look at the MACD. Most people usually look for crosses, but I like to look at the bars also to see potential changes in momentum, and it looks like those are going to start turning upwards soon. For a weekly chart that could be a VERY good thing. I just filled up my bags a little more this morning.
I have recently gained a heightened interest in DGB since I purchased some in an exchange on Coinomi, and the Tx was very rapid. That's not to say I turned over all my LTC bags, because LTC is king, but I'm keeping an eye on this one for sure.
Ok PS. this is probably a chart akin to another one I found on here. I'm not trying to copy, just add to recent things on the chart, and practice charting because I'm learning this all so, if I did "copy" your chart, just know that imitation is a sincere form of flattery XD
DGB. Sleeping Giant awakens?Coin of the day is DigiByte.
DigiByte’s supporters call DGB coin a sleeping giant of cryptocurrency. The coin exists more than three years now. Founded in 2014, it’s part of the older class of cryptocurrency projects, focusing on improving security, decentralization, and speed.
Lately, the coin started to gain upward momentum and drawing a bottoming pattern. Today DGBBTC has already broken all Bearish Trend Line resistances; this breakthrough was supported by high volumes.
Despite the bearish global picture (overall, the coin had a massive fall), recent bullish signs could point on the beginning of the bottoming and beginning of the new bullish cycle.
From below, the 0.0000275 support is crucial and should hold for the further uptrend development.
From the upside DGB will have a lot of obstacles, the nearest ones are 0.0000035, 100-days EMA and 0.00004 levels.
DGB needs SHILLINGHey,
DGB is standing on a very old and strong support at 273. Hopefully, it will have a bounce from here. Yet, due to the lack of volume and volatile BTC, it is not really likely. Therefore, I think that the BTC may swing below till 248 satoshi which is 0.786 Fib.
Additionally, RSI has not been this low since 2017.11.01 and this increases the possibility of a bounce.
Looking forward to your comments since I am still at the beginning of BTC path.
Thanks
DGB accumulation levelsLooking to open a position around 250, if the price continues to slide I will double the position around 150
Digibyte Trade Idea (Retracement almost done, then ATH cycle)Digibyte Mid Term Idea
As I've posted an idea about this one earlier, I'd like to update this one.
Sometimes you're right, sometimes you're wrong. Sometimes you'll need to analyze a little more and that's with this one.
Updates since the earlier posted chart from 22 February:
The retracement zone is getting close. If you want to make a long swing on this one, I'd say it's about time to buy this one. Still thinking we'll reach somewhat good heights.
Wave towards 900 is done. Currently retracing and didn't finish retracement as you'll see.
Expecting that retracement will be towards 220-240 zone.
Then some accumulation and then we're off towards 1400-1500 sats.
DGBUSD - Mom! The Meatloaf!What's up ladies and gents, let's take a quick look at DGBUSD on the 4hr charts.
We witnessed the Death Cross on the SMA50 & SMA200 back on January 20th and DGB took quite the beating. Fast forward to today and we're still in a downtrend. I am currently long of DGB and looking to pack the bags once we get the Golden Cross indication and the 50SMA crosses back over the 200SMA.
As I am writing this, we're seeing DGB testing Fib retracement on 0.028. If this support level doesn't hold, we'll see .021 looks like the next stop below. Keep watch and hit the thumbs up on the corner for us! More TA to come.
Cheers!
The DGB tries to hold the SupportThe DGB tries to hold the 300Sats level. If this support level is broken then we could see another leg lower with the DGB sliding down to the 140Sats level. The reason I am mentioning this is because BTC surged higher on Saturday with big volume as traders start to anticipate this drop. If the DGB price starts to drop, then holding BTC may be the best safe haven.
3-Day Chart:
From the chart, it looks like the DGB trend may fall through weak support level and test the next support at 140-150Sats, I think it will be several weeks before we see such a test. The falling volume is a concern. If volume can rise above the monthly average, it is a good sign that price will test the weak support before the uptrend can start.
RSI is below 50, a sign of the downtrend. The MACD turned down through the centerline, a sell sign and it is still trending down, which is a negative sign. In addition, the EMA lines put pressure on the DGB price, as well as 20EMA and 50EMA can make a death cross soon, which will be the sign of the strong downtrend.
1-Day Chart:
I can't say it's a different chart, but the daily card a copy of three day chart, 20/50/100EMA is a resistance lines, the RSI is below 50 level, it's sad :( and the MACD below centerline without any positive sign on the horizon to bounce from the first support at 280Sats area.
4-Hour Chart:
Volume has been trailing off, which is not a good sign for the price to keep going up. Watch for above average buying volume as a sign the DGB price will start it's up trend. Otherwise, we should expect a pull back.
RSI is below 50 indicating the downrend. The MACD is at a low point, so the price need a spike to end the correction and start it's uptrend
My concern is that most people seem to think the markets had bottomed, and if that's the case, everyone should be long right now. If the markets continue this downward slide a few more days we could see prices drop very quickly as I mentioned above. I would rather see the trend flatten more or start to head higher before I take long term trades to the long side.
DGB WILL GO BACK UNDER <100 satsHere are my thoughts on one of the most undervalued cryptocurrencies
Digibyte DGB, is a very fast/cheap multialgo cryptocurrency.
It got a lot of expectation back on May 2017 when it was some leak/lie? about minecraft integration . It went from 70 sats to 2000 sats in 2 months , but, after that event, bad news become real and a lot of DGB were stolen from this kind of integrated game platform wallet mixed with a no fully team support at that time.
My chart is about how this year it will come to <100 sats, a really possible scenario, compatible with a long BTC run in 2018, DGB on 2017 was stable between 0,005 $ - 0.0030 $.
As we see on the chart, the support level goes 10-20% everytime DGB has a bull run (2-4 months) that means the big Wales, or DGB foundation, or anyone with a big bunch of coins is losing their support power,A change of owners, a end of a cycle.
DGB-BTC killer hodl for 2018, 189% ++ profit potentialHowdy, let’s take a look at one of my favorite picks for 2018, Digibyte (DGB).
Fundamental drivers:
Marketing Overhaul Begins Feb 1: www.reddit.com
Details:
With over 100,000 full nodes (compared to BTC's 11,000), Digibyte is highly decentralized. Digibyte uses five separate mining algorithms to ensure mining decentralization. It’s also one of the oldest blockchain projects out there (2013), with early SegWit implementation. It offers super fast transactions.
For those who know da woo, Clif High’s web bots have found hints of a “minor mania” for Digibyte in the summer of 2018. Considering the man’s accuracy up until now, I’m more than happy accumulating DGB at these current levels. Now’s a killer time to be shopping.
Official website: www.digibyte.io
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Analysis:
DGB has respected a global Fibonacci range ever since the enormous run-up in the summer of last year. I would argue that it is now in a good range to begin some harmonic kind of movement, but first let’s establish some congestion zones and look at the Ichimoku.
The Ichimoku cloud is lining up almost perfectly with this Fibonacci range.
The Higher lows in price and lower lows on the RSI indicate hidden bullish divergence, while declining volume and a symmetrical triangle forming with the 50 and the 200 MA are creating a solid base for a sort of bull flag. It could be a pennant and will need more time to consolidate. The Ichimoku cloud has flipped bullish just as there was a golden cross of the MA’s a week or so ago. Here I see a pattern similar to some other reputable projects out there — en edge-to-edge cloud break, followed by a retracement to the top of the cloud, and then the establishment of a new price floor. Bulls would be careful, however, as it is beginning to look like a head and shoulders pattern. Now all of this may be difficult to see at once (unless you’re as bugged out as I am), but I also see what could be a bullish pennant forming in the RSI. Bollinger bands included to show how tight the price is getting.
Here’s the triangle using the 200 MA as the base. Long term I see a lot of upside for DGB, though it may end up consolidating for many months so I’m not so interested in it for swing trading. Below are your levels indicated by blue horizontal lines.
These targets are primarily based on the Ichimoku, the global Fibonacci range, and previous congestion zones discovered around those areas.
Entry: 0.00000355 - 479
Target 1: 0.00001074
Target 2: 0.00001383
Digibyte | DGBBTC breaks out of a falling wedge!Digibyte breaks out of a falling wedge and volume is showing.
DGB New Market CycleWould stay away from a lot of ALTS
DGB is downtrending, its bleeding out, I would say its almost in the accumulation phase. let BTC either dump or pump you will see DGB continue downward in its channel. Will post ALL alt graphs, most of them I would stay away from right now. I would only focus on the top coins.
DGB is downtrending, would not take a long position on it
Accumulate DGB??? YES! LONG TERM LONG!Unfortunately DGB seems to be in a downward trend. This is despite the recent public attention it has been getting.
DGB has recently hired a marketing firm to better public awareness, DGB is releasing iOS/Android wallets, DGB is being built on with DAPPS such as Loly, DGB is soon to hard fork to update and better the mining algos and a few other parameters to better decentralisation and the security of the network and finally a one click miner is even being developed by DGB enthusiast Patrick Wieland.
www.reddit.com
Above regarding marketing. Marketing has been one of DGB biggest weak points and this should help remedy the problem.
youtu.be
Above regarding mobile wallets. The current mobile wallet - android - has long been outdated and ios/android lite wallets will open up a whole new market in develop-ping countries - especially India where DGB seems to be extremely popular.
youtu.be
Above regarding Loly. The creator of Loly the DAPP brings up extremely good points on decentralisation, immutability and the scaling capabilities of Digibyte of which Ethereum lacks all.
digibytefoundation.org
Above regarding the fork.
The fact of the matter is Digibyte is awesome technology it is only a matter of time before people realise this. Digibyte is hands down much better than Litecoin. For full disclosure I do hold great amounts of both, but I am a firm believer in DGB and will be accumulating more and more.
youtu.be
Digibyte's biggest problem so far, is the overall market. As BTC suffers and even goes up, DGB go down, as DGB goes down less people buy into it. I will be using this opportunity to accumulate the coin it will eventually POP!
Heiken ashi and RSI/MACD indicators both tell us that DGB is going down, slowly. The trend however will start to taper of and slow down over time. We will eventually get to a floor. I predict it will be around the 250 to 300 satoshi range.
For now I will hold what I have and accumulate more at the given targets. A reassessment might be necessary in the short term as DGB brings rolls out more news and developments in the coming month of March.
IN SHORT - this is a long term LONG CALL! I am however not responsible for your money please do your own research. DGB could easily get over the 1$ mark before this summer, and it will as it starts to build positive momentum.
This is not financial advice and I am not a financial advisor.
Best of luck,
X
Why invest in alt coins?When measured in USD, the movement of alt coins is often a magnification of BTC movement. Alt coins are measured in satoshis, so when BTC dumps 10% in an a day, alts dump 10% in BTC value. That translates to 19% in USD value. Risks are higher in the alt game, compounded by the fact that most alt coins are backed by garbage fundamentals. With all that extra risk, why bother with alt coins?
One year ago, BTC was $1053, ETH was $11.44, and LTC was $3.98. Even after the bloodbath of the last 2 months, we have one year gains of 875%, 7557%, and 5501% respectively. At it's high, ETH was up over 12000% from Feb 2017. Those are damn respectable profits, but nothing compared to John McAfee's "Coin of the Day" on December 23rd 2017, Digibyte, which logged gains of 45000% during the same time period. If you had gone long $1000 in DGB, you'd have $118,446 today. If you had been prophetic and sold at its height, you would have made $450,000.
Promises of massive gains with no valuation justification, alt coins probably remind you of penny stocks, with a primary difference being market cap. We may not be at the birth of this game anymore, but we're still close to the beginning. The crypto market is tiny compared to it's potential, so there's plenty of room to grow. That doesn't mean you should go pouring your life savings into any crap coin just in the hopes that it'll rocket. The days of DGB style gains may be past, but that doesn't mean you can't make a bundle on a hidden gem. Minimize your risk by finding a coin with halfway decent fundamentals and a team made up of, at the very least, real people. Try to get in at a low. If the coin solves an actual problem with an idea you can believe in, your ability to ride the dips may translate into real profits.
Digibyte above 800 sats between 2018-05-01 & 2018-05-09Digibyte above 800 sats between 2018-05-01 & 2018-05-09
DGB/BTCDgb has jumped from trend line with strong support.and indicators are showing good result... if u buy DGB be and hold sure u will get proffit