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Digibyte

DGB to moon - is this the real altseasonWhat is up everyone! What we are witnessing here is a beautiful price compression with lower highs and higher low - often referred to as a pennant. For me, I like the word triangle better, but that's just me. As you can see, the chart highlights the entry, stop and take profit levels, all derived from the geometry of the pattern. Also, don't forget that DGBBTC has recently been listed on Binance ;) Take care, Vlad The Crypto Trader If you're new to this
Long
by Be_Independent_Tribe
DGBBTC an expected move upto 1700%Hi guys and gals hope you are well and welcome to the new update on Digibyte coin. The DGB has surged more than 450%. Therefore in today's article we will try to understand how this coin completed its bullish setup before this bullish move and what the price action can do next. The big harmonic bearish Shark move: On June 25 2019 almost a year ago I posted an article on the tradingview where I predicted that the price action of digibyte coin is forming a bearish shark pattern. And soon it can start the formation of final leg of this pattern. It was a very long time monthly chart at that time the priceline of DGB just entered in the potential reversal zone. Finally the price action starred bullish rally in April 2020. And so far it has surged more than 450%. And started the completion of the final leg. I defined buying and sell ranges as per Fibonacci sequence of Shark as below: Buy between: 0.00000168 to 0.00000001 sats Sell targets: Secure sell targets: Sell between: 0.00000338 to 0.00000694 sats Aggressive targets: Sell between: 0.00000808 to 0.00000969 sats A symmetrical triangle: Now in order to understand the movement of the price action more closely will need to switch to the small time period chart. And if we watch on the daily chart then the price action has formed a symmetrical triangle. At this time the price action is almost at the end of this triangle as the pattern is getting squeezed. After hitting the resistance the priceline is moving down towards the support. Therefore we can expect another touch at the support level then the price action may start another bullish rally to make another attempt to breakout the resistance of this triangle. The simple moving averages are in bullish order: Now if we watch the different simple moving averages on the daily chart with the time period of 25, 50, 100 and 200 then it can be observed that the smallest time period moving average is above all then we have the 50 then 100 and the biggest time period moving average is below all the other moving averages. This order of the moving averages is considered as very strong bullish signal. The Digibyte gave this signal previous in the month of April when the price action started its powerful rally for more than 450% gains. Therefore we can expect that the price action has a strong support of these SMAs and it can start the next bullish move soon. Now for the people who have bought Digibyte following my pattern that I posted it last year and they are seeking for a suitable exit point or for the people who want to buy the Digibyte now I would like to give two advices. First is for the people who want to buy digibyte then they should try to buy it at the support of the pennant. And if someone wants to find the suitable exit point then he can use Billl Williams 3 lines that is also called Bill Williams alligator indicator. This is the combination of three moving averages the smallest one is 5 that is called lips the middle one is 8 that is called teeth and the biggest time period moving average is 13 that is called jaw. when the smallest moving averges (lips) is above all the moving averages that is called that the alligator mouth is opened and that is considered as a strong buying a bullish signal. But if the smallest time period moving average moves below all other moving averages and the biggest time period moving average moves above all. Then it is called that the alligator’s mouth is closed and that is considered as bearish or sell signal. But these are very small time period moving average is therefore some time they can give the false signals. Therefore in order to avoid false signals we can use a support of the Other bigger time period simple moving averages with the time period of 25,50, 100 and 200. For example if the alligator mouth gets closed then we should see that if we have any support of any of bigger time period moving averages then we should wait for the next available moving average to be broken down. If the next moving average would be broken down then we can consider that our stop loss is triggered and we can exit from the trade, otherwise we can wait for the bigger time period moving average to be broken down. This method can save us from any kind of false signals by the Bill William alligator indicator. This is the strategy that are use to cath the bearish or bullish rallies. If you have any effective strategy then you can also use it and also share it with us in the comment section. Conclusion: On short term we can expect a bearish move up to the support of the triangle. However, on the long-term the price action is very strong bullish as it has started the formation of final leg of bullish shark and as per above mentioned targets it can produce upto 1700% gains.
Long
by moon333
5
DGBBTC | Ascending Triangle | Apex | Resistance Cluster Todays Analysis – DGBBTC – Trading within a multi-month ascending triangle, nearing its apex as support and resistance converge. Points to consider: - Resistance cluster - Higher lows - apex - 200 EMA – visual guide - Low volume - RSI above 50 – higher low projection - Stochastics overbought DGBBTC unable to break and hold above daily resistance after multiple failed attempts over a multi-month period indicates a strong resistance cluster. Price action has been forming a higher low projection as it convergence into daily resistance. A break in either direction is imminent as price coils into its apex. DGB respecting the 200 EMA, allowing it to act as a dynamic support. Price trading above the EMA is perceived bullish; breaking below considered bearish. Volume has been declining and remaining below average. Historically, an inflow of volume has coincided with bullish price action, indicative of an influx being probable at the retest of daily resistance. RSI breaking above 50, trading in a higher low projection indicating increasing strength in the market. Stochastics are overextended, although they may remain there for some time, momentum has been stored to the downside. Overall, in my opinion, further price development will determine a directional bias. An S/R flip re-test of daily resistance with volume follow through validates a conservative entry for a long trade with technical target of structural resistance. However, breaking below trend support, price will likely retrace to structural support. What are your thoughts? If you’ve read this far - thank you for following my work! And as always, Focus on you, and the money will too!
by Kudiiee
2
[Comment] DigiByte (DGB) Everywhere, What Will Happen Next? Ok, DigiByte (DGBBTC) is now available for trading everywhere but the question still remains... What will happen next? Here we have the weekly chart after some really strong bullish action but as usual, this is only the beginning... See this chart below: Technically, DGBBTC is full bullish. We have prices trading above all EMAs as well as good volume and bullish indicators. The only potential bearish 'signal', would be to expect a retrace after the growth we saw take place. This isn't something important here since we have at least 8 candles above the strong EMA300 indicator... This all means that DGBBTC continues to be strong and bullish. We only consider the bearish scenario if prices break and close below EMA50 or 0.00000147. Below this level, further red is possible before additional growth. I always liked this altcoin... It will only become stronger over time. This is a great long-term hold altcoin pair. Feel free to leave a comment with your favorite altcoin pair for me to look at and share a trade idea about it... Your support is appreciated. Namaste.
by AlanSantana
19
EMA support on DGBFor some reason, DGB likes the 80EMA. This is why I would put a new buy zone in the 185-191sat range. As always, it's tricky to say when it's the best time to buy and sell. DGB was just listed on Binance which will bring new volume in this market. This is a pretty good reason why there is a huge potential for this coin to grow way larger than it is in this moment. Add to this the huge possibility that Coinbase lists it as well bringing even more users in the whole volume. Besides all that, Digibyte has probably the best blockchain in the industry. IMO, ever buy under 0.10$ is a potentially good investment, but I cannot be sure about that.
by Shywado
DIGIBYTE 🌀 | BREAKING: "CZ Lists Shitcoin, Can it Moon?"⚠️⚠️ DigiByte is pumping after its Binance listing. Despite its longevity and loyal following, DigiByte has struggled to get listed on the major exchanges. However, it looks like the DGB boys may have just caught a lucky break with the recent Binance listing. On top of that, DGB also has a potential Coinbase listing coming up. This is reason enough to look for long positions despite DGB being range-bound within a pennant. Let's take a look at some levels for the DGB bulls and bears. First, we will look at the Hourly levels, then we will zoom out to get an overview of where DGB stands. Hit that 👍 button to show support for the content! Help the community grow by giving us a follow 🐣 ----- Support Hourly: Bulls will most likely want to find an entry on DGB on the hourly S1 S/R flip above the lower trend line. If S1 holds, this is about as good an entry as you are going to get while retaining any semblance of a bullish continuation possibility short term. If S1 can't hold, then the S2 bullish S/R flip could offer support. Although, as we will see with the daily, the bull's best bet is to break up form the current range without testing lower support levels. Resistance Hourly: The hourly R1 is the first point of resistance on the hourly time frame. This is right at the upper trend line and is an ideal level for the bulls to break with the strength to escape the pull of the current range. If DGB doesn't retrace enough for the S1 entry, or for those still on the sidelines, retesting R1 as support after moving above it is also a solid level to look for an entry. The next relevant and last real resistance in this range is the R2 orderblock formed from the breakdown from the previous swing high. If the bulls can get past this, it is off to the races. ----- Here is the Daily timeframe chart as referenced below: Support Daily: The bulls will need the daily S1 orderblock to hold if they want to continue this uptrend. Ideally, bulls won't even need to test this level. However, if it comes to it, the bulls need this one to hold. The bulls have some support of last resort at the S2 orderblock and S3 bullish S/R (Support and Resistance) flip, but retesting that previous bottom range isn't the ideal move to show strength. Resistance Daily: The bears will want to keep the bulls below the daily R1 bearish orderblock. Likewise, the bulls will want to break this to show strength. Either way, we are bound to have a reaction here. If the bulls can keep it going, the next point of resistance is the R2 orderblock from the failed swing high before the bearish continuation in the 2019 downtrend. Lastly, we have the R3 orderblock, also formed in the downtrend to contend with if bulls can make it that far. ----- Summary: DBG had a nice move today, but it is still range-bound consolidating within a pennant. The bulls want to break the top of the pennant with conviction and blast past the previous high to get things running. The bears will want to prevent this. On the daily timeframe, we can see there isn't a lot of resistance to contend with if and when the bulls can get momentum. So the main focus is simply breaking out of this range. On the bear side, breaking below S1 daily support is a bad look for the bulls and should create some nice short setups for bears. Meanwhile, testing the hourly R1 or R2 and coming back down into the pennant could be the show of weakness the bears want to see. For now, what makes sense is for bulls to find an entry on the hourly (a test of the hourly S1 or retest of the hourly R1) and hope the listing hype can carry DGB to new heights. Resources: cryptoslate.com + cointelegraph.com + cryptocurrencyfacts.com ✨ Drop a comment asking for an update, we do NEW setups every day! ✨
by AlphaBotSystem
6
🥇156% Gain, I Continue To Hold. (DGB)💰 I added to this one for the longterm ride in early april when it sat around 70-85 Satoshis. I continue to hold as the weekly still shows continuous green on the Crossover strategy and the ema dots. It did surge much higher and now has corrected back down. Btc is under pressure and looking sketch. I might need to close out of positions if btc decides to get rejected and start selling off. As we know the market loves to correlate. For the most part keep it simple and hold till I get confirmation on the indicators. Have an awesome trading day! ❤ Which altcoins do you think I should look into? Smash the like button and drop your favorite cryptocurrency in the comments down below! ⬇️ 🥇MLT | MAJOR LEAGUE TRADER
D
by UnknownUnicorn2319099
9