Get started

DGD

DigixDAO - Bitcoin / Head and ShouldersThe Pattern A head and shoulders top pattern consists of three successive peaks: The middle peak, or head, is the highest and the two outside peaks, or shoulders, are lower at roughly the same level as each other. Connecting the reaction lows of each peak forms a level of support, also called the neckline. In order for the head and shoulders top pattern to be a reversal pattern, there must be an existing upward trend to reverse. Therefore, we must fi rst look for an existing uptrend. During the uptrend, the left shoulder forms a peak, marking the high point of the current trend. Following the formation of this intermediate high, the price declines to complete the formation of the left shoulder. Typically, the low of this decline remains above the trendline, preserving the uptrend for the time being. The head forms when the price reverses course and advances from the low of the left shoulder, rising above the high of the left shoulder. Following this new intermediate high, the price again declines to a level generally equal with the low of the left shoulder. This time, however, the reaction low usually breaks the uptrend, indicating that the uptrend may be at risk. Once again, the price reverses from the low of the head, forming the right shoulder. This intermediate high is lower than the head and usually of similar height as the left shoulder. Following the formation of the right shoulder, the price again falls. However, the price does not fi nd support and breaks below the neckline. Neckline Break The head and shoulders top pattern is ultimately confi rmed once the price breaks through the neckline, falling below the support line formed by the lows of the left shoulder and head. A fi nal confi rmation of this violation of support is a spike in volume, ideally greater than that seen during the formation of the pattern. If the volume is lighter at the neckline break than it has been during the formation of the head and shoulders top pattern, there is a greater chance that the price will move back to and above the neckline after the initial break below it. *DISCLAIMER*: I am not a financial advisor nor am I giving financial advice. I am sharing my biased opinion based on speculation. You should not take my opinion as financial advice. You should always do your research before making any investment. You should also understand the risks of investing. This is all speculative based investing.
D
by TheWolfOfBinance
DGD- Wanna beat the bear market? Meet the king of BITCOIN! Before going to the chart i want you to do one simple thing. go to the DAY chart of DGD/BTC. you will see that allthrough the bear market, this security has managed to be on a CONTINUOUS uptrend!!! now looking at the 4h chart, we can see that it has recently went into a new uptrend EXACTLY when bitcoin's hard supports gave out. we could have assumed that this will continue to rise as bitcoin seems to be in free fall. but the BIG problem is the ascending wedge that has formed right here in my chart. which indicates to bearish price movement. and as i write this piercing through the white ascending support line. now hear me out and go check my bitcoin chart. i've stated that it is forming a bullish wedge and will breakout of that. so, if bitcoin goes up, the ascending wedge should still be in play! BUT! if bitcoin continues go down, there is a high possibility that the ascending wedge MIGHT even be BULLISH. moreover, even if it is piercing through support right now, it CAN STILL get up above on a uptrendline due to the negative co-relation i have been looking at for atleast 2-3 months. you can draw a line on the 20ema line ( blue ) and set an alarm to see what the price action does there AND ALSO check bitcoin simultaneously. if you see bitcoin in a negative spot, and dgd holding 20ema, YOU HAVE GOT YOURSELF A TREAT! keep a close eye on bitcoin. and if you want to USDT it when gives out support, take a look at the dgd chart asap. if you see it doing well, CONSIDER DGD instead of USDT. just CONSIDER! I will try on giving short term movements if i get enough likes, so please! leave a like if you like my idea. and be sure to keep to check out my idea on bitcoin! feel free to criticize as im not a professional. i actually want to be criticized because i want to learn more. im a youngster from southeast asia trying to make a living off of market analytics (just getting started though) so any help is appreciated BTC -5.49% donation public address : 1HUZH4PExh2JfTAX1hZuoioe6Dvt8ANnxw
D
by musabbir
2
digidao behaving nicelyshe has been bouncing perfectly on that bottom curve. the big elipses i have hanging from the top trend line fit a nice volume pattern. i predicted the last two curved paths and she is folding right in line. watch this graph for the next week. if she keeps tracking as expected then the green box is the buy in and the red box is the sell target. nice 20% trade for a week. lets watch as she heads to that yellow circle and then plummets back to the blue curved bottom line......
D
by ATLjonboy
2
DGD/BTC is back! What to do now?If you haven't noticed it already but DigixDAO, DGD/BTC is back! As I have discussed in my previous posts about the "imperfect" inverse relationship of DGD/BTC vs BTC/USD and the trading opportunity that goes with it. To a certain extent, it has shown to move rather inversely compare to Bitcoin prices but it has shown that it's definitely not a perfect hedge against a huge dip/downward trend of Bitcoin or the overall market. So don't trade it purely as a hedging instrument/coin against a Bitcoin drop cause it simply isn't and made for that purpose. But with that being said, there are definitely times/periods that you can see the inverse relationship and since DigixDAO made a bottom around $275 on March 14, it has bounced back considerably with volume back as before the downtrend. So with DGD/BTC price going up and breaking $400 again, volume has gone up considerably as well, we also can see that the not so perfect inverse relationship of DGD/BTC vs BTC/USD slowly but surely coming back: (BTC/USD in white candles) Having the awareness of the inverse relationship is good for your trading but remember not to purely trade on this. Instead, know it's there but trade the underlying coin and its pattern(s). DGD/BTC has been in a nice uptrend the last day or two and is now forming a sort of an ascending triangle pattern: If you believe that DigixDAO can hold and continues its upward trend (with perhaps a further weakness in Bitcoin), then look to buy anywhere near the upward trendline in bright blue or wait for a break of the triangle and resistance at around 0.052000. At the moment I rather go for the buy near the upward trendline approach cause it's closer to the trendline and could fall back a little more to touch the trendline before heading up again and since Bitcoin is moving up again. Taking this approach you'll also have more room for profits. If not, you can always go for the triangle/resistance break and adjust your strategy and targets accordingly. This is how you can trade DGD/BTC: Trendline Continuation Buy Area 0.046000 - 0.047000 Profit Target 1. 0.052000 2. 0.055250 3. 0.057800 Stop Loss: 0.044500 Triangle/Resistance Break Buy Area 0.051500 - 0.052500 Profit Target 1. 0.055250 2. 0.057800 3. 0.059500 Stop Loss: 0.049900 Keep in mind that you can take profits at any time when you feel comfortable with or want to secure your profits. You don't have to wait for a target to be reached in order to sell. And you can always sell a portion and let the rest ride longer. This will give you peace of mind and more patience to stay in the trade and let your winners run longer so you can have a bigger profit in the end. If you found this post informative and helpful, please give a like and or share. Leave a comment if you have any questions. And until next time, good luck with your trading!
DLong
by Trade_Masters
14
DGDUSD DigixDao Long Despite the downward trend in the market as a whole DGD has not fallen like the major currencies. This Modified Schiff pitchfork captures the price movement for the last several weeks. In the past few days price has ascended the downtrending line and held above them. Resistance has become support. In this bear market I am very wary and I will look for a bounce in ETH and BTC at the same time. Tight stop and no leverage. Charts of other currencies to follow but I would expect a bounce in the next few days
DLong
by a1Keith
BTC killer is woundedTo those of you who do not know, DGD has an inverse correlation with Bitcoin and it is the only coin i know of that exhibits this behavior (if you know another please let me know). This means that when BTC goes down DGD goes up and vice versa and these are not minor runs these are huge runs making this trading pair the most volatile I've seen which is why I love to trade it. However at the moment with BTC tanking there has been little response from DGD which is disappointing as I only managed to scim a 1% on a trade with it. The chart sheds some light on why. Looking at the daily chart it is clear we are in need of a more significant correction to enable us to go higher and renew this lovely inverse relationship. We have completed a 12345 Elliot wave pattern and likely waves A and B of the correction leaving us in wave C down. On the MACD we are about to complete a bearish cross as well as bearish divergence occuring on the RSI, these two factors are what are likely preventing DGD from going up while BTC corrects. I have given my optimal landing zones on the chart which will likely happen nearing the end of BTC's next bull run (if it has one). The golden pocket territory looks really good because we will likely get the daily 55 EMA converging on golden pocket increasing the chance of a bounce. We may get a small increase if BTC goes down to its next support at 10150 but the increase will be neglible as DGD is showing no signs of strength or general interest. Please like and follow for updates and questions are most welcome. *This is not financial advice*
D
by HyperionAllied
14
DGD possible breakoutDGD had been on quite a run of recent. However, I think the bear season hit it finally. Moreover, I firmly believe that many people wrongly thought DGD was the token tethered to gold. Of course, that is incorrect. DGX (DigixDAO's gold-tethered token in dev) will be. DGD holders will have voting rights over DGX governance and aspects. A lot of unknowns. However, I believe in tokens, like DGD, that have some aim to tether to typical fiat. I do expect a break, as you can see the pennant forming and the MACD bullish divergence. The RSI could be lower and we do need to see DGD charm its way above the cloud.
DLong
by cryptomoneyball
1
DIGIXDAO - LAUNCH TO DGXDIGIX TEAM, I wanted to share some good news that I've received from the community within the DigixDao TEAM. It looks like we've established a launch date. First, let me start by stating the original post for launch was Q1 of 2018. Although, after spending a lot of time discussing the new DGX launch with the DIGIX community on discord, as well as the founder a CTO AEDIGIX (Anthony Eufemio) we've got some good insight on the actual launch date. I wont go into the details of the conversation but there were only a few steps left to go for the team as far as completing registration in Singapore and the USA. Nonetheless, the launch date has been confirmed and the release of DGX will happen next week. BELOW IS MESSAGE FROM THE FOUNDER aedigix - Last Thursday at 8:56 PM our focus is still launching DGX by end of March (I think we will be able to deploy the mainnet contracts by next Friday) then we're going full speed ahead with DGDGovernance Upon the launch of DGX (Token backed by GOLD) all DGD holders will have opportunities to participate in DGDGovernance by locking up their tokens and voting on quarterly proposals. Claim quarterly rewards based on the total DGX collected through transaction fees. All transaction fees will be placed in a pool and transparent for all to see. In addition, the DGX tokens are backed by 1 gram of 99.99% LBMA standard gold which will be stored in a safehouse. Holders who accumulate DGX (100) will be eligible to receive their tokens via mail/in-person. A token backed by physical/convertible currency could change the game for cryptos. DGD will hit unbelievable highs regardless of the price of BTC going into the launch week. Don't take yours eyes off of this team and these tokens as the game could change very quickly. Thanks, SOLKNIGHT
D
by SOLKNIGHT19
12
DGDBTC - Possible 25% gainer with more potentialDGD is a coin that has designated itself as the stable coin of the crypto world, its use similar to precious metals in a bear market. Viewing the chart on the 6 hour chart, we can see through VPVR that there is good support around the high .020s region, protecting DGDBTC from breaking out of its trend channel. However, what's also seen is its resistance levels above it around the 0 level Fibonacci extension. MACD is very bearish, while RSI is starting to trend up but has not made a convincing strike up. On the 2 hour chart, the 48EMA is about to cross under the 100EMA, DGDBTC is stretched far out of the Bollinger bands, RSI/MACD aren't looking so great either. However, it's wicked up from the -.236 Fib extension, making a double bottom on a support level. It also has not broken the Fibonacci speed resistance fan's .382 level. We may see a reversal now, but due to its the indicators I believe that the best option would be to make orders in down to the bottom of the trend channel, with a stop loss near the -.382 Fib extension level. It may also be wise to take profit at levels before the target.
DLong
by NeoButane
DGDBTC - RIsing wedge into a Gartley/Bear TriangleRising wedge already occurred. Currently running up the D leg of the XABCD bearish Gartley, multiple contact points hit for the descending triangle. Bullish indicators Entry: now Stop loss: tight Target: D or descending triangle impending break out or break down There is no shorting available on Binance so I do not have interest in further drop targets. With Gartley patterns, targets are within the range of A and B, so a reversal may be seen right after the .618 target.
DLong
by NeoButane
As BTC Weakens, DGD/BTC (DigixDAO) Gains further MomentumBitcoin is having a bit of a down day today. If you want to hedge/protect against or even profit from a drop in BTC, especially if you pair trade with BTC pair trading, then one of the best ways to do that without having to go short or margin trade BTC is by trading DGD/BTC. As I've stated previously in my previous post about the inverse relationship of BTC/USD vs DGD/BTC (see related ideas link). There you can clearly see the inverse relationship between BTC/USD and DGD/BTC. In case you've missed the initial flag/triangle breakout, DGD/BTC is now forming a bull flag. When BTC price drops again, then look for DGD/BTC to break out of the flag. For that to happen, BTC/USD has to break support which is around 10.850 (Coinbase) at the moment. Please leave a comment if you have any questions. And as always, good luck trading!
DLong
by Trade_Masters
2