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Digibyte

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
DigiByte Ascending ChannelDigiByte (DGBBTC) has been creating its own chart... Separate to all the other altcoins. Here we have an ascending channel and we continue to see higher lows. The Relative Strength Index (RSI) indicator is looking strong and the MACD is above zero and moving up. DGBBTC is likely to continue growing and soon print a higher high. This is one of those altcoins that moves first and can signal what will happen to the rest of the altcoins market. If DigiByte stays strong, you can expect the rest of the smaller capped altcoin to follow up. Namaste.
Long
by AlanSantana
9
Analysis - DGB/BTCHello! Let's talk about Digibyte. In fact, this old altcoin is still alive. It is very interesting indeed. It looks more confident than most similar coins although it correlates with the market. The main growth driver has been Bitcoin halving in the past six months. DGB main mining is getting on the same algorithm as BTC, this is SHA256. And since after the halving, the miners' income has decreased significantly, this algorithm's alternative coins' demand to appear on the market. The DGB profitability is on average 10-15% higher than on BTC during the last half of the year. Everything looks pretty good on the chart, fixing above the 250 level is a good sign. There is a high probability that the main next target will be the level around 370 sat. But on the way to this goal there is also only the past resistance of 320 sat, the optionof retesting the support at 250 sat from top to bottom is not excluded.
by I.T.Analytics
3
DigiByte Still Looking Strong, Aiming HigherDigiByte (DGBBTC) went on a strong correction that lasted over 30 days, from mid-August to mid-September... We ended up with a higher low. With prices now moving above EMA50 and bullish indicators, it is possible to see additional growth. We are aiming for a higher high on the next price jump. We stay strongly bullish above EMA300/200 and MA200. Conditions for change If DGBBTC closes below 0.00000140 weekly it can signal that lower support levels will be tested. Above 140 satoshis we stay bullish easily. Namaste.
Long
by AlanSantana
7