DigiByte No Bullish Signals, What To Expect?The chart for DigiByte (DGBBTC) isn't showing any recent bullish signals but things can change faster than you know.
We have a higher low long-term, compared to January...
Looking at the other Altcoins,
Knowing that DigiByte tends to move together with Siacoin,
It is only a matter of time before this chart changes and prices start to grow.
Still, we are careful and use a stop-loss in case anything goes wrong.
Think of all possible scenarios.
Hope for the best, prepare for the worst.
Namaste.
DGB
DGB: Ready for another run?DGB: on watch & getting into a long position swing as of this morning with a 1/2 position at 0.061 with an order for the other half at 0.0581.
As demonstrated by the sideways long-term moving averages, this one has not done a whole lot since May of this year. I do hold some in my HODL funds so I always have my eyes on it in the background. Nice run-up in August, but quickly retraced most of the move nearly invalidating the move, but held on the weekly. This one is back on my radar as we finally as of today get back up to the top of that range from August. We have now retreated back from it a bit so I grabbed a position. Not getting into a full position as we still have the 200 sma to deal (dark red). I am looking to test the 0.078 area again and see if this time we are able to actually pop it as it has proven tough to get over on multiple occasions since the initial May crypto selloff.
IF we can get up to that 0.78 level, I will be watching the price action there to see if we are going to try to pop it and run or if we meet stiff resistance once more. Given the overall bullish nature of the cryptosphere right now, I am taking this shot to see if we can make a run for 0.092 and 0.129 and possible retest all the way to 0.165. This trade has a lot of upside potential if/when it is ready to move.
To recap, I am triggered in for 50% size at 0.061 with an order to scale in the rest at 0.0581. My stop is at 0.049 I will scale out a quarter of my position at 0.0775 just in case we are unable to get above that resistance and look to buy back into the position on a pullback. I have orders to sell the rest of the position sitting at 0.092, 0.129, and 0.165. Will of course manage it dependent on price action, but those are the sitting orders in case we have a crazy runup and I am not by charts.
DGB vs USDT ---LONG--- 12.11.21DGBvs USD
"4 reasons why DigiByte will grow"
- The current picture resembles an ascending triangle, which has already been broken upward by other altcoins in a similar scenario, for example, 1INCH
- We have increased volumes that push the price higher. So the interest in the coin remains. It looks especially good when this volume came from dynamic support.
- You can see that after the volumes pushed the price up from the dynamic support, we have formed an upward trend (when the lows and highs rise) - marked with black ticks.
- The price is fixed above the moving average with a period of 100 days.
As long as the price continues to be above this moving average, this tells us that we are more likely to continue moving in an upward direction.
Of course, the potential triangle is rather big and this story can drag on until January, but if the scenario comes true, we will get significant growth.
DGB/USD DIGIBYTE Is ready to Explode! 3300% GainDigibyte has a really nice setup looking like a major cup and handle that's lasted for years that's about to resolve. Digibyte has been laughed at and kicked down but now it will show its true colors and will shock the crypto world. Get ready for something massive my friends. Indicators are also all pointing towards a major move upward. Let me know what you think and if you have a chart you want me to look at and analyze then let me know. Not financial advice just my opinion. have fun and safe trading. If you cant beat the fear then do it scared. !!
DGB USD GANN FANBroke out of it's macro fan earlier in the year, now in the process of breaking out of minor fan.
DERIVED FROM 2W CHART.
🆓DigiByte (DGB) Nov-3 #DGB $DGBDGB is very strong and in the near future it can strongly rise to the $0.065, $0.08 and $0.1 zones. We can accumulate DGB at $0.055 and $0.05 zone. But if it falls out of the $0.50 zone, it will fall sharply to the $0.04 zone
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 0.05$ zone
🔴Buy : 0.055 - 0.05
🔴Sell : 0.065 - 0.08 - 0.1
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 0.05$ zone
🔵Sell : 0.05
🔵Buy : 0.04
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
DigiByte About To Make A Strong Move!It is no joke when I say that "Patience is the key".
Here we have DigiByte (DGBBTC) consolidating at a low and getting ready to boom at any given time.
It can take a few days, weeks, and sometimes even months in a consolidation phase.
But not this time around though, it is likely to move up right away.
We are patient of course, that's how we trade.
We buy, hold and let the market take care of the rest.
Calmed and relaxed.
There is nothing to lose if you wait.
If prices go below your buy-in you simply hold.
If a new low is hit you simply hold.
You can only consider selling when you are ahead.
This is very simple, very easy and you can win no matter what the charts, experts, analysts or anybody says.
Here is a good one for you, DGBBTC...
Try this strategy and see what results you will get.
Set your waiting time to 8-12 months to start.
This is not financial advice.
Namaste.
Still anticipating one more move to the downside on $BTCI KNOW NOTHING. DO NOT TRADE ON MY PROJECTIONS. NOT FINACIAL ADVICE.
'Patience is a virtue' Is a horrible understatement in the Crypto world. It may be the most important attribute in this space. Right now I am patiently anticipating one more move down for #BTC
#altcoins will be available for great discounts if we see BTC come down another level.
looky looky where Digibyte is catching support!Digibyte is showing a lot of respect to the 05.8 cent to 06 cent area and in my opinion is very bullish going forward for the next couple months. Targets to come as we move forward, let's make new highs first.
Look at the historical resistance this area has played in the past and now has conquered it and flipped it to support.
Your patience & diligence will be rewarded.
DGB/USDT SHORT TRADE SETUPExpecting a 10% to 15% drop in DGB. MA's making a bearish crossover and broke below it.
Enter at CMP ($0.04853)
SL: $0.05053
Target: 10% to 15%.
Note: This is not financial advice. I have done my own research and trading at my own risk. So, do your own research before investing.
Digibyte - Current PostureA review of the posture of Digibyte, following the completion of three corrections, printing three successively higher-lows.
In terms of Elliott Wave analysis, there are two interpretations:
DGB has now completed a Wave 4 and commenced a Wave 5; or
DGB has completed a Wave 2 and just commenced a Wave 3.
Either case is bullish and is well supported by the MACD crossing bullish and the RSI sitting comfortably in neutral territory. Looking at the the Fibonacci projection of the correction on this standard scale chart and two targets present themselves:
$0.278 at the 1.618 resistance line
$0.336 at the 2.0 resistance line
Of course there are higher levels, but they will become exponentially less likely the longer DGB remains under $0.185.
What do you think? How high can DGB rally to complete this next impulse wave higher?