TRADE OF THE DAY | Digibyte | DGB testing range | Potential 8.3%TRADE OF THE DAY | Digibyte | DGB testing range | Potential 8.3%
DGB is showing quite a few nice bullish signals with a minor bullish divergence and break out of he RVI whilst still not being overbought just yet. Although be mindful that it is still sitting in the local range - although finally breaking the 20 Daily EMA is a big positive since it has been rejected consistently since the 20th April. There is a very comfortable stop-loss in place which if it hits then it is a likely that the trend will be heading down. Be aware at the moment though as it is incredibly turbulent and stop hunting conditions across the market in general.
Digibyte
DGB!! Preparing for it's big entry!As we can see here this is the Monthly chart of Digibyte and we can see a distinct pattern. The MACD makes a cross up and during this time price action make goes up very fast and vast. I have the crosses marked with a circle and the bear market trading range marked with a rectangle shape.
The real important information is not the move that historically has followed, it's the fact the that bottom was always behind this cross as well , so the risk is very low after this cross. We don't have this cross yet, but it looks to happen very soon. The buy is a confirmation of this cross on the monthly. We need to keep in mind that just because this cross will happen, doesn't mean prices will soar right away, it could, and most likely will take some time.
Confirming the parabolic move up is the CM_Ultimate_MA. Right now is red but when it turns green and price action is above it, confirms the bullish moves ahead for months to come.
Thank you
WeAreSat0shi
✴️ DigiByte Higher Low Confirmed, Ready For 165%The trading pair vs Tether for DigiByte, DGBUSDT, is looking great as it continues moving within an ascending channel.
We can see a higher low being confirmed yesterday vs mid-March.
This is a short-term higher low.
We have short-term and mid-term higher lows... Higher lows lead to higher highs!
The initial target will be the resisstance that was hit in February around 0.1365.
The next level to be hit, which is the higher high, should be around 0.2590+, setting the potential at 165% or more.
Patience is key as usual and thanks a lot for your continued and amazing support.
Namaste.
✳️ DigiByte vs Bitcoin Ends Its CorrectionWe are looking at perfect timing...
When Bitcoin grows, the section of the Cryptocurrency market that suffers the most are the ALTSBTC, Altcoins vs Bitcoin pairs. That is because all the energy is sucked out of these pairs to fuel Bitcoin's growth.
And thus the correction ended in a lower low compared to May 2022; this is no big deal.
A higher low is technically bullish/strong.
A lower low, unless it goes down to a new Fib. level, works in the same way.
DGBBTC hit a new low by 1 satoshi (31 sats April 2023 vs 32 sats May 2022) so we are technically speaking about a long-term double bottom.
Once we hit bottom the only place left to go is up.
This weekly session is closing as a reversal signal after a new low has been hit. This is good as it points at a reversal taking place next.
Overall, the whole pattern is still a long-term consolidation phase.
The moves taking place now are not relevant when it comes to the bigger picture.
Check the DGBUSDT trade idea for additional information on DigiByte.
Namaste.
✴️ DigiByte Stronger Than Most | Full AnalysisThe market goes in cycles and waves... It is a process and there are many different ways to approach it... It can be learning, it can be entertainment, it can trading for profits or it can be an escape.
Trading for profits will require knowledge, experience, a plan, timing... Timing the waves.
Buy when near support to sell at resistance and then buy again.
Bigger pockets, longer perspectives can buy at support big with a long-term view selling years into the future.
Wise ones but less involved can buy each time prices drop, accumulation...
Small pockets can build a position throughout the years, during the bear market and recovery phase (now), in order to sell in 2024 (bull-market) or 2025 if this pair peaks late.
Why do I say DigiByte is stronger than most?
Many Altcoins hit a low in November followed by a lower low in December 2022, DGB hit a higher low Dec. Stronger than those.
After the November 2022 low we have a clear uptrend, higher highs and higher lows.
Now, focusing on the current action, DGBUSDT is trading above MA200, EMA100 and the rest.
The trading volume is stable and supports the continuation of the bullish wave.
The RSI is good/strong and supports a strong move up.
The recent higher low ended 11-March confirms the bulls continue in control.
I'll do DGBBTC next which doesn't look as good... If you are focused on the short-term.
If long-term holder/trader/buyer, then any short-term correction is just noise... I'll explain...
Namaste.
✴️ DigiByte 560%+ Potential MappedThis is always how it works... 3 drops and then up.
We've completed the 3 heads pattern and thus DigiByte is getting ready to grow.
✔️ The initial bounce happened from July through August 2022.
✔️ The second bounce happened from November 2022 through February 2023.
✔️ The third bounce started this week and can take several months to complete.
The first two waves were small... The last one should be the big one. Third time's the charm.
Namaste.
DigiByte ( DGB ) forming bullish BAT for upto 37.50% rallyHi dear friends, hope you are well and welcome to the new trade setup of DigiByte ( DGB ) with US Dollar pair.
Previously we caught almost 25% pump of DGB as below:
Now on a daily time frame, DGB is completing the final leg of a bullish BAT move for another price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
✳️ DigiByte vs BTC | New Longterm Perspective (2000%+ Potential)This pair, DGBBTC, has been dropping since May 2017, almost 6 years.
I do know why but I am getting this feeling...
Sideways consolidation has been going since May 2022.
The market moves in cycles...
We can say the market "grows" in cycles, as it is growing.
This feeling is telling me that this won't be the usual 300%-500% bull-market, not after a 6 years wait.
All those projects, like this one, that have taken a back-seat...
Even vs Bitcoin and Bitcoin being strong, are about to experience the benefit of surviving.
The benefit of growing during though times.
Some even thriving... This cycle that is coming...
We will see around 10, 15, 20X or more.
Just a feeling... But the early results are already in and amazing vs the current global financial sentiment and market conditions.
How would everything move while at the same time supported by good news?
It will be exciting, that's for sure.
Namaste.
✳️ DigiByte Update | Real Life ExampleToday I would like to show you a real life example of what is coming to our beloved DigiByte (DGBBTC).
Look at TrueFi (TRUBTC). The trade idea shared on the 'Related Ideas' below.
This pair grew by more than 222% in one single day.
When this type of action happens, it is too late to buy and hard to "jump in/trade" after the event. After such strong growth it is hard to tell how far down it can retrace before additional growth or if it will continue straight up.
The market rewards those who are patience.
The market rewards those who support the market.
The market rewards those who wait.
The impatient ones, the market take away from these and transfer to the patient group.
That's why we personally by and hold...
One can wait for weeks or months but all is good if we have a plan and trade focused on long-term goals.
The fact that some Altcoins are already breaking up strong with massive force, works as a confirmation to what I shared recently... DigiByte might do even better because it is older and has a stronger community.
Namaste.
Digibyte: Cup with HandleThis pattern is not as big as some of the others but it's still a nice respecatable looking CwH that has good risk to reward with a Harmonic Target of the AWR.
DGB/USD - Potentially breaking from resistance- Potential entry on the breakout here.
Have dabbled with DGB over the years but never been a true believer.
No major confidence in BTC's run so personally I'm riding the sidelines but a play here would make sense with a tight SL.
Any thoughts on it?
As always, NFA
Just my own thoughts and TA.
Feedback Welcomed.
Bingaz
DGB USD Digibyte DONT UNDERESTIMATE DIGIBYTE DGB I believe is on the cusp of a massive breakout to the upside. As I have said in previous charts, DGB is going to be one of the few cryptos to survive the onslaught coming from the SEC. DGB along with a handful of other cryptos are going to soak up all the money that will be coming out of those other 20,000 plus shit coins that have been created over that last 5 years once the SEC takes them down like dominoes after XRP gets taken down. I hope XRP does win the lawsuit but I dont think it will. It passes the Howey test plain and simple, which means its a security. Theres no way around it. DGB at $30 sounds pretty crazy but its really not. Especially if Coinmarketcap gets reduced down to one page. Anyways this is just my opinion and not financial advice. Thank you.
$DGB BULL RUN 2025 SCENARIOsentiment seems to be favoring continued selling pressure
and in when the crowd thinks bearish... the market goes bullish
also... some think that if we do go bullish then it must sure as hell be the end all, of end all bull markets
....markets also likely to disappoint
what no one is expecting is to go back to the recent highs and flounder around for a couple years...
...now that just may shake out the last of the weak hands
anything could happen
may the odds be ever in your favor
DigiByte ( DGB ) formed bullish Gartley for upto 15.50% moveHi dear friends, hope you are well and welcome to the new trade setup of DigiByte ( DGB ).
On a daily time frame, DGB has formed a bullish Gartley move.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
✳️ DigiByte Will Do 100% to 200% In Days When It Takes Off...DigiByte (DGBBTC) has been consolidating since May 2022... This is a long-time.
The longer the accumulation phase, the longer the breakout when it takes place.
With an average price of 44 to 48 satoshis, once this pair takes off it will go to 99 within days and even to 135 or beyond.
That is a huge 100% to 185% and this is very likely to happen in a matter of days.
Then consolidation can take place at higher prices and continued growth for years to come.
This might be hard to see now but when it happens people will be saying/thinking... "Why didn't I buy when it was so low?"
Just like bitcoin went from $16,500 to $21,000 in a matter of days.
These altcoins will grow 2-3x just to wake up from their lows... The end result when the bullish climax comes, we will be looking at 10x, 20x and in some cases even more.
Namaste.
✴️ DigiByte vs Tether Long-Term | Bull, Bear, Bull (3,5k%-5,8k%)DigiByte hit an All-Time High late April 2021 vs Tether in a bull market that lasted 413 days.
A bear marked followed from April 2021 until November 2022 with a 96.52% correction (-96.52% from top to bottom), a total of 560 days.
There can be another drop after a relief rally that ends up in a new low, this is something that is yet to be seen but the possibilities are there.
Look at the chart as it is now though, there is room for a bullish wave to take place.
A relief rally for DGBUSDT (DigiByte vs Tether) can easily lead to 400% growth, mid-term, meaning within a time window of 3 months.
Now, what would the next All-Time High if the bottom is already in?
We have several options... Stay with me!
1) The 1.618 Fib. extension of the previous bull and bear markets, would lead to $0.29244 or a massive 3593% growth potential.
2) The 2.618 Fib. extension, if the next altcoins bull market is strong, can lead to an incredible 5,812%.
3) The 3.618 Fib. extension, we would need some major development within the cryptocurrency industry and specifically with Digibyte for this to take place, would lead to 7,923%.
These are the numbers for your fun and entertainment.
Not to be construed as financial advice.
I hope you enjoyed the chart.
Namaste.
✳️ DigiByte Strong vs Bitcoin + Trade Signal InsideDigiByte (DGBBTC) continues doing good with its low being hit May last year.
After this low was hit, we have bullish consolidation taking place.
A strong bullish signal right now is the fact that this pair is trading above EMA50 and EMA100 as well as EMA21 and EMA10.
We have an active trade for this one, see below... Patience is key!
These things take time to grow! | 24-Nov-2022
Remember to boost 🚀👍 and comment.
Thanks a lot for your continued support.
Namaste.