Dgbusd
Rating: DGB (Digibyte) - Strong BuyHITBTC:DGBUSD : Strong Buy
Analysis Method: Fibonacci & Wave Theory
Immediate Target: $.00807-$.00935
Estimated Gain: +44%
Wave Count: Minor Wave 5
About DigiByte:
DigiByte is a rapidly growing open-source blockchain created in late 2013 and released in early 2014. According to the DigiByte.io website, it claims that after 6 years of forward-thinking development, DigiByte has become one of the safest, fastest, longest and most decentralized UTXO blockchain in existence. DigiByte is global in 100+ countries.
Rank: 53
Market Cap: 83 Million
Website: digibyte.io
1HR Chart: Wave Count
Wave Sequence:
Minor Wave 5 Target Area:
Minor Wave 5 Time-frame:
Will update.
FMW
DigibyteStock Symbol: DGBBTC
Digibyte is compressing. Could be getting ready for a hook to the upside. Keeping an eye on this one.
Diversify and use 5% stoploss
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Depression before disbelief - DGB market cycle coming to a closeThe weekly DGBUSD chart is showing great similarity to the classic market cycle psychological setup, along with multiple touches already this year of the 1 cent support line which is looking weaker by the day as we sit there without any movement.
I'm looking for another leg down into the depression phase that could see the price go as low as $ 0.005
I will be looking to add to my holdings between $0.005 - $0.007
Fundamentally, DigiByte seems to be quietly updating an existing product, that has real world applications, and is setting itself up to be a robust, fully decentralized blockchain for a company to build upon.
There seems to be a new media darling or two every cycle and the large gains, and excitable attention that could surround DGB has the potential to bring in a fresh round of euphoric bandwagoners to boost the price up to the next level. That and getting listed on more of the major exchanges to help with greater liquidity.
My targets for next bull cycle
$0.10
$0.30
$0.50
$0.83
$1.00
$1.30
This is not intended as trading advice. I'm sharing my plan and outlook and welcome any contrary thoughts.
Happy trading, stay safe.
DGB could get hugeDigibyte could get huge during the next week.
55 EMA and 200 EMA got together forming a good support.
RSI still has room to go up.
MACD is changing direction.
There's room of 17% profit when it tests the 21 EMA resistance again.
But it could be a joke breaking it if we consider that Digibyte has a few interesting new features that should be out in Q1.
Not a financial advise, but DGB is looking good after a hard bottom. Just take a look at charts and read news about them.
After a long bearish channel, soon DGB will rise againAfter 190 days of bearish trend, is time for DIGIBYTE to rise again, i think we are almost ready to go out from this bearish trend, in daily i see a bullish divergence and the price right now is near to the upside channel, the chart of DGB is similar to Vechain, so I'm surely almost know what will happen, i think we will see again price around 0,0128 or 0,0161 as maximum, well let's see
DGB LONG TRADEnot financial advice
DGB looks attractive to me here for a 100X swing trade
could take 12 weeks
could take 12 months
stacked some at .0066
Digibyte - Following the Double Top PatternDigibyte is notorious for doing an ascending double top on its chart. If we follow the pattern, that takes us well above it's ATH. This is a very liberal projection, but the charts tell us a potential.
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?
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.
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.
Is DGB fueling for a massive explosion in 2020Longer fractal patterns on DGB could supply the fuel required to take it to extremely high levels.
DGB SleeperI don't think DGB gets enough attention despite the community's great work, so I'll go ahead and point out that it's up 44% since its low and has made a very clean set of higher lows along that journey. Worth a read if you haven't looked into it yet. Very trade-able price action if that's your thing and tremendous risk:reward setup if you think the project has long term potential.
DGB TESTING 200 MAback for a test at the 200 MA
the markets offering traders many opportunities in a long drawn out test of the trend change
DGB 350 MAa break of the 350 MA would ultimately confirm the bull run for DGB
head and shoulders pattern in the process of completing just under the 350 MA
DGB UPWARD SLOPING REVERSE HEAD AND SHOULDERSa powerful pattern is forming on DGB
bears failing to make new lows
breaking the neckline on an upward sloping H&S pattern could trigger rapid price increase
volume is exactly as needed for pattern completion.
a strong move is likely when the neckline is broken
DGB TRIGGEREDdigibyte experiencing large volume inflow
expecting this to break up through a reverse H&S pattern
could be visiting the the old highs in the coming days
not trading advice