Digibyte to $150! Carefully shorting DGB, massive potential!Digibyte has hit this channel multiple times, each time has shown massive growth.
Digibyte
Bitcoin at $24,000 by January 20, 2020I predict BTC will surpass it's all time high by January 20, 2020, we've already hit our bottom, and BTC has been making it's way back up, it's always somewhat of a slow process at first, butas soon as we hit our all time high, we can expect slight retracement, and then a break above it's ATH. That's when it will really gain momentum.
Only those who are patient will reap their reward.
DGB BACK TESTED TRADE STRATEGYStacking DGB responsibly (not financial advice)
Apply 50% rule for purchases
- purchase initial position using half the amount you want to invest
- only ever purchase more if the price falls by 50%, using half of the remaining amount
- you have an infinite number of times to purchase
- apply the same formula to any new crypto position
Apply the 10% rule for withdrawals
- sell 10% if position does 100x
- sell 10% (of the remaining 90%) if it doubles from there
- sell another 10% (of the remaining 81%) if it doubles from there and so on
- you have an infinite number of times to sell
Specific example:
- lets say you had $1000 to buy Digibyte in 2016
- maybe you bought at .0008 in the bull run 625,000 ($500)
- in the next 15 months you would have bought 625,000 at .0004 ($250)
- and 625,000 more at .0002 ($125)
- you now have 1,875,000 Digibyte (cost $875)
- in 2018 you sell 187,500 at .04 ($7500) (100x average buy price)
- sold 168,750 at .08 ($13,500)
- now you made $21,000 by selling roughly 1/5 of your original $875 investment.
- the remaining 1,518,750 Digibyte has roughly never been worth less than $15,000 and for a very short window of time it could have been sold for $182,000 in addition to the $21,000 you made along the way.
- but now you have 1,518,750 DGB going into the next bull run.
Stack responsibly
Do you think DGB will 100x, 200x, or 500x in the next bull run?
DGB bottom Rounded bottom and support area with large volume . We are not seeing DGB with these prices for very long. Next 135sat
XRP Big Ending Diagonal. Correction almost over $10 soon! recent bounce only triple waves so it has to be corrective. If we dont break the green line/1D high value area of the VPVR then expect this ending diagonal to finish
Should be good to accumulate while it stays in this wedge. If it breaks out then HELLO BULLZooKA
DigiByte Breaks Its Downtrend | Manual Stop-loss Saved Us!DigiByte (DGBBTC) broke its downtrend on the weekly time frame (left) and printed a clear reversal candlestick (circled in blue).
We can expect for DigiByte to recover here and a start a new, strong and sustained uptrend... Yes, I am calling for a change of trend here.
DGBBTC hit bottom on a low wick at 15 satoshis.
If you follow "conventional" trading and had a stop-loss in place, you would get killed here and lose all of your money to this long wick.
We use what I call a "manual stop-loss" and only activate this based on the weekly candle close.
The same candlestick that hit 15 satoshis, ended up closing at 85 satoshis.
We have an active trade for DigiByte and our stop-loss is a weekly close below 82 sats... So for use we remain active, our funds are safe and we can collect profits up once the trend change.
Here you can read more about our manual stop-loss strategy:
Thanks a lot for reading.
Namaste.
Lowest pointDGB is at its lowest RSI point in its life.
I won't call it a bottom, but it's silly not to accumulate at this unbelievable prices.
Not much to say.
This is DGB.
It's turbo underrated.
I don't think you can go wrong with it
Can DGB do another 90% drop? VERY possible. We are riding too close to this support level, and if we crash through it there's nothing to hold it up anymore. That is a HUGE gap to fill.
I am not predicting this will happen, but for all you hodlers out there, DGB has not done anything this year except drop in USD and BTC. Now that everything is dropping it could tank even more, so buyers beware. This is still risky IMO.
Now there's also a chance we completely blow out of the water on this one since it still hasn't shown us any action this year. I still worry though, look at that nonexistent volume over the last many months. Up to you to decide.
Is DGB fueling for a massive explosion in 2020Longer fractal patterns on DGB could supply the fuel required to take it to extremely high levels.
DGB SleeperI don't think DGB gets enough attention despite the community's great work, so I'll go ahead and point out that it's up 44% since its low and has made a very clean set of higher lows along that journey. Worth a read if you haven't looked into it yet. Very trade-able price action if that's your thing and tremendous risk:reward setup if you think the project has long term potential.
DGB TESTING 200 MAback for a test at the 200 MA
the markets offering traders many opportunities in a long drawn out test of the trend change
Bullish divergences in DGBMostly presented without comment. DGB had MASSIVE gains last time the charts were oversold like this on the larger timeframes. There's slight bullish divergence that looks like it did before reaching 13 cents. Is this too good to be true?! I mean, alts are eventually going to have to catch up, and DGB could be the perfect put since it has a LOT of room to fly (presuming it's not dead). Lots of other coins could be reaching short term limits being overbought already. This may convince me again of DGB. But still, it would probably be a shorter hodl than my LTC and BTC bags.
DGBBTC a bearish shark move | Upto 780% or more profitThe price action has formed a bearish shark from X to C leg.
Now the priceline has entered in potential reversal zone and we have pivot 1st support withing this PRZ area which will push the up to hit the sell targets soon insha Allah.
Volume profile is also showing very poor interest of traders in this area.
The targets are:
Buy between: 0.00000168 to 0.00000001
Sell targets:
Secure sell targets:
Sell between: 0.00000338 to 0.00000694
Aggressive targets:
Sell between: 0.00000808 to 0.00000969
DGB UPWARD SLOPING REVERSE HEAD AND SHOULDERSa powerful pattern is forming on DGB
bears failing to make new lows
breaking the neckline on an upward sloping H&S pattern could trigger rapid price increase
volume is exactly as needed for pattern completion.
a strong move is likely when the neckline is broken
DigiByte Price Analysis DGB / USD: Powering UpFundamental Analysis
DigiByte price is pumping after the partnership announcement with Netherlands-based company V-ID. In cooperation with V-ID, DigiByte is launching a new ID verification tool that will validate and verify the authenticity of social media profiles. The tool will also help to further increase awareness and adoption of the DigiByte Blockchain.
DigiByte / USD Short-term price analysis
Digitbyte has a bullish short-term trading outlook, with the cryptocurrency rebounding back above its 200-period moving average on the four-hour time frame.
The four-hour time frame is showing that a complex inverted head and shoulders pattern has formed, with the DGB / USD pair testing back towards neckline resistance.
Technical indicators on the four-hour time frame are bullish and continue to issue a strong buy signal.
Pattern Watch
Traders should note that the DGB / USD pair could target the November 2018 swing-high if the bullish pattern is fully ignited on the four-hour time frame.
Relative Strength Index
The RSI indicator is also bullish on the four-hour time frame, although it is starting to correct lower.
MACD Indicator
The MACD indicator is bullish on the four-hour time frame and is continuing to generate a buy signal.
DigiByte / USD Medium-term price analysis
DigitByte has a bullish medium-term outlook, with the cryptocurrency testing towards the upper end of its yearly trading range.
The daily time frame is showing that the DGB / USD pair is trapped within a rising price channel, with buyers attempting to make a much-anticipated bullish range-break.
Technical indicators on the daily time frame are rising and are starting to issue a buy signal.
DGB / USD Daily Chart by TradingView
Pattern Watch
Traders should note that if a bullish range-break occurs the DGB / USD pair could test towards the October 2018 trading high.
Relative Strength Index
The RSI indicator remains bullish on the daily time frame, although it is attempting to correct lower.
MACD Indicator
The MACD indicator on the daily time frame is rising and is starting to issue a buy signal.
Conclusion
The latest move higher has been unable to change the technical dynamics for DGB / USD pair, with the cryptocurrency remaining trapped within its established range.
If bulls can ignite the large bullish pattern on the four-hour time frame, the DGB / USD could finally make a much-needed medium-term range break.
DGB TRIGGEREDdigibyte experiencing large volume inflow
expecting this to break up through a reverse H&S pattern
could be visiting the the old highs in the coming days
not trading advice
#DGB : Upto 300% Profits Opportunity In The Mid Term. #Accumulation_Recomendation
Pair : #DGB / #BTC
Platform : #Binance
RSI : 49
Volume : A good amount of volume circulating on the 1D chart.
**Note : #DGB was on a downward trend for such a longer time and tried to make a reversal move on Mid May which was once again rejected and goes down to the lowest points. For now it showed a very good bullish candle stick formation and seems to be breaking the falling resistance line depicted by red line. If it can continue to and close above the red resistance line it will be a confirmation for a reversal upward trend and a beginning of an elliott waves creation. MACD seems to be returning to be bullish and RSI is already in a bullish state. Further EMA is looking bullish too in favor of the bulls for now.
Current Accumulation Area : 150 sats - 165 sats
Distribution Targets
Short Term :
Target 1 : 177 sats
Target 2 : 195 sats
Target 3 : 210 sats
Target 4 : 238 sats
Target 5 : 251 sats
Target 6 : 273 sats
Mid Term :
Target 7 : 308 sats
Target 8 : 421 sats+
Stop Loss : 124 sats
Risk : High
Capital Allocation : 5%
DGB PERSPECTIVE ON CURRENT SITUATIONafter many tests of the channel tops and bottoms
and a few failed breakouts/breakdowns
DGB is testing life outside the channel
with 50 DMA moving above down slope limits
DGB SIGNALING PATTERN CHANGEDGB price is signalling a return to higher trading range with 50 MA pushing through down slope limit