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Digibyte

Monthly market Breakdown for BitcoinWelcome fellow Tradingviewers, This analyses is a follow-up from our previous BTC TA moments and are followed up every month. Every month for the next 13 months we will release our monthly market breakdown. If you want to receive daily and weekly technical analyses you might want to check our website. In our previous analyses we predicted that BTC would rise all the way to 16.300, after touching this level we went way beyond and extended the target in our daily analyses to the All time High. We have now touched all time high and retested the 16.300 support, so what is next? In this analyses we are going to show you our view on the current market situation for Bitcoin. We will be analysing BTC using a top-down strategy, including candlestick patterns, indicators and price patterns. Monthly: - This close was the HIGHEST CLOSE EVER for Bitcoin. - The monthly close was a bullish engulfing candle. - We closed just below ATH. - We are still above all moving averages. - Volume keeps increasing. - Higher High is confirmed. - Bullish MACD. Weekly: - We closed the weekly as a bullish engulfing candle. - The W formation that we saw is bearing its fruits now and this could be one of the factors that drives Bitcoin through its all time high. - The MACD is bullish and shows strength. - We are well above all MA's. - Volume increasing. - Higher high discussed in the previous analyses formed. Daily: - We saw a strong morning pattern being formed at the bottem when touching the 16.300 resistance. - Just cleared the NOV 24th High. - The MACD is bullish. - We are well above all MA's. - Volume increasing. In summary: In the last free monthly market breakdown we emphasized the big companies that are introducing more and more people to Bitcoin and as you guys can see we made an incredible jump of over 40% in a single month. We are now at ATH prices and it is important to not panic. While trading specific patterns and indicators might become more and more difficult we need to stay ahead of the game with a clear mind and without FOMO and GREED. Once Bitcoin breaks ATH we enter price discovery mode and as long as MSM is not widely broadcasting this Bitcoin pump we will probably stay in prrice discovery mode for a long time. We have deleted the HL and HH cycle because we are not yet finding a new top, if you have not seen those make sure to check our previous analyses. The monthly candle was one of the most bullish once in Bitcoins lifecycle and we therefore have the conviction that price is more likely to rise than to decrease. However Bitcoin is a volatile asset and can jump up and down 30% in a single day as it has done in the past. We would suggest not to short this market and to take a look at the identifiable support zones, the first ones being 16.3 and 13.8 before going down to the next zones located in the charts. We will provide you guys with daily updates on the price discovery on our website! This analyses is only intended to share my idea, to educate and entertain you guys. This should not be considered as financial advice. I hope you guys enjoyed this analyses, if you did don't forget to leave a Like! If you want to share your thoughts, please do so in the comments below! Kind Regards, Frank | Forallcrypto
BITFINEX:BTCUSD
by ForAllCrypto
EW: DigiByte Is Coming Nicely Lower Into Projected SupportHello traders! Despite the fact that BTC made strong and impulsive rally, it was mainly because of BTC.Dominance, but most of ALTcoins remain quite weak. As expected already 2 months ago, DigiByte is coming nicely lower within wave "c", which should be made by a five-wave cycle and it seems to be unfiished. So, keep an eye on projceted support in the 0.015 - 0.010 area, where a bigger a-b-c correction may come to an end. Trade smart! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
BITTREX:DGBUSD
by ew-forecast
7
DigiByte Grows Against TetherUS (35% Target Mapped)I looked at DigiByte vs Bitcoin recently and somehow the DGBUSDT pair also caught my attention... It looks even better than the DGBBTC pair. Here we have the highest volume bar since Sept. today with prices moving above EMA10 and EMA21. We also have a challenge of EMA50. A bullish RSI and MACD. This one can easily move higher as shown by the green arrow. Conditions for change If there is a rejection at EMA50, we can see the lower support levels being tested. This is not financial advice. Namaste.
Long
by MasterAnanda
7
DGB Bullish Deep Crab Harmonic PatternDGB might be on Deep Crab pattern. What does the Crab (and Deep Crab) harmonic pattern tell traders? Just like the butterfly, it can help traders identify when a current price move is likely getting to its end. This means traders can enter the market just as the price changes direction in the opposite way. The crab and deep crab represent important overbought and oversold conditions, and reaction after completion is mostly sharp and fast. It is the opinion of many analysts and traders that the crab pattern and deep crab represent some of the quickest and most profitable patterns out of all harmonic patterns.
Long
by ValeriosB
1
BTCDGB 1d chartWe are on the wave 2 based on Elliott Waves theory. Wave two corrects wave one, but can never extend beyond the starting point of wave one. Typically, the news is still bad. As prices retest the prior low, bearish sentiment quickly builds, and "the crowd" haughtily reminds all that the bear market is still deeply ensconced. Still, some positive signs appear for those who are looking: volume should be lower during wave two than during wave one, prices usually do not retrace more than 61.8% (see Fibonacci section below) of the wave one gains, and prices should fall in a three wave pattern. The Next wave incoming is the Wave 3. Wave three is usually the largest and most powerful wave in a trend (although some research suggests that in commodity markets, wave five is the largest). The news is now positive and fundamental analysts start to raise earnings estimates. Prices rise quickly, corrections are short-lived and shallow. Anyone looking to "get in on a pullback" will likely miss the boat. As wave three starts, the news is probably still bearish, and most market players remain negative; but by wave three's midpoint, "the crowd" will often join the new bullish trend. Wave three often extends wave one by a ratio of 1.618:1.
Long
by ValeriosB
DGB trading channel and support/resistance linesDigibyte has had an incredible 2020 run and looks to be even better in 2021. The dotted green line are the support and resistance lines. The red lines are trading channels. Next year the trend should continue, it could get very volatile and push (IMO) into the upper the channel with strong volume. This chart is the weekly so confirmation happens on the weekly. Don't forget the chart is VS BTC. I noticed this chart is on the Kukoin exchange that is going through a lot of problems... So I don't recommend using this exchange. Use Kukoin at own risk. Digibyte ? Yes I did!
Long
by WeAreSat0shi
Digibyte Daily Timeframe AnalysisAnalysis 1 - Rsi is oversold. Lower daily RSI since Aug 2019 (450 days) 2 - Very low MACD. Lower MACD since May 2019 (534 days) 3 - Low Stoch RSI. Resistances and supports 1 - Strong support at 130 sats. 2 - Strong resistance at 200 sats. 3 - Strong resistance at EMA 200. 4 - Strong resistance at RSI red line (62 level, at this moment) Opinion 1 - If you want to play safe, enter in daily candle closing above 62 rsi / above EMA 200. 2 - If you want to get cheap and increase your profits in the long run, buy now and buy in the next dips (if they occur). 3 - Digibyte is an amazing project and have a great future. The price may drop a little further, but in my opinion, this is a long term game. 4 - I never bet against Digibyte in long term. In my vision, is a very good opportunity to buy cheap. 5 - I'm accumulating more! Cheers
by WgrCryptoGuy
EW Analysis: DigiByte Can See A Deeper Corrective DeclineHello traders! Today we will talk about crypocurrencies, specifically DigiByte (DGBUSD) and it's price action from Elliott Wave perspective. Cryptocurrencies are turning to the downside together with stocks after that strong and impulsive rally from March lows. Why cryptocurrecies follow the stock market is because they are not generally in use yet and they are just speculative asset based on investors mood at the moment. So, if investors do not trust the stock market, then they will not trust the Crypto market neither. Anyway, let's take a look on an interesting pattern that can be seen on the DigiByte. As you can see, DGBUSD has a completed five-wave cycle from March lows, mainly because we can see a clear triangle formation in wave "iv" with perfectly reaching target into wave "v". And we know that in EW thoery, after every five waves, a three-wave a-b-c pullback follows, so watch out for a deeper decline, because wave "c" is still missing, which can actually push the price even down to golden 61,8% Fibonacci retracement and 0.019 - 0.013 support zone before we may see a bullish continuation. If we consider that correction may last for about 71 days like it was previous triangle in wave "iv", then we can expect a support to be reached at the end of October, but this is still just an analysis, so time will tell! Be humble and trade smart! If you like what we do, then please like and share our idea! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
BITTREX:DGBUSDEducation
by ew-forecast
3
DGB/BTC 3D (KuCoin) Descending channel about to retest mid-lineFA: Binance just announced they listed DigiByte today after so much struggling, this is good news but don't buy right now. This is a POW (Proof Of Work) coin so that means you can earn mining, but also some exchange like ProBit.com allows staking up to 10% reward (APR). TA: We can see accumulation trend lasted almost a year then broke-out 2 months ago, forming a big parallel channel. (E)MAs are quite under current price, I'm expecting mid-line channel to be retested and go for the upper-line, or maybe even break it up afterwards. This is a long-term call so be even more patient than usual for entries to be filled and targets to be reached. Current Price= 0.00000231 Buy Entry= 0.00000158 - 0.00000134 Take Profit= 0.00000266 | 0.00000342 | 0.00000549 Stop Loss= 0.00000086 Risk/Reward= 1:2 | 1:3.27 | 1:6.75 Expected Profit= 82.19% | 134.25% | 276.03% Possible Loss= -41.10% Fib. Retracement= 0.786 | 1.272 | 2 Margin Leverage= 1x Estimated Gain-time= 3600h
Long
by TradingOn
2
DigiByte (DGB) Another Bullish SetupHey friends hope you are well and welcome the new update on Digibyte coin. The price action of DGB formed a bullish Crab pattern and started a bullish move from the potential reversal zone of this Crab: In my previous article we have already seen that on monthly chart the priceline of Digibyte cion is also moving in a handle of a Cup & Handle pattern. If the priceline start more powerful bullish move from here then after breaking out the handle the price action may try to break the resistance of the Cup at 0.00000318 btc. Currently on daily chart the priceline of DGB is at the support of an up channel. The 200 simple moving average is also moving up aggressively to provide the support to candlesticks. The Directional movement indicator is showing bullish signals as the DI+ is above the DI-. In meanwhile at the support of the channel the price action of Digibyte also has completed bullish harmonic move and entered in potential reversal zone. This move can be seen on two-day chart. The pattern is formed in US Dollar market and the Bitcoin market as well. Below are the patterns. Harmonic move in US Dollar market: The priceline of Digibyte ( DGB ) has formed bullish Gartley on the 2-day chart. The targets as per Fibonacci sequence of Gartley are: Potential reversal or buying zone: $0.02476 to $0.02276 Fibonacci projection or sell zone: $0.02634 to $0.03023 Harmonic move in Bitcoin market: The priceline of Digibyte ( DGB ) has formed bullish Gartley on the 2-day chart. The targets as per Fibonacci sequence of Gartley are: Potential reversal or buying zone: 0.00000231 to 0.00000214 btc Fibonacci projection or sell zone: 0.00000244 to 0.00000277 btc Conclusion: The priceline has very good support of up channel and the 200 simple moving average as well. The completion of bullish Gartley at these supports strengthens the expectations of bullish momentum soon. However we should use the potential reversal zone of the bullish Gartley move because if this PRZ level will be broken down then the priceline may move more down for the completion of bullish Butterfly.
Long
by moon333