Digibyte bearish ideaI'm still watching this and wait to see a lower price.
if bitcoin get a higher price, it can happen faster.
Digibyte
BULLISH >>>> DGBUSD - Inverted head and shoulders pattern Bull-market may be coming up!
H&S ?? Calling it
The Quest for more volumeVolume, volume... volume! That is what we need at the moment, the small buy or sell orders control the markets now. The believe has to get back in to crypto, that is also visible in BTC at the moment. The contracts make it so volatile, it is not possible for the average Joe to trade or to build up a nice investment.
Let's hope we hold this level of support... but judging by the overall market we might end up we a new buying opportunity to gain some more DGB.
Safe trading and don't FOMO!
/M
Being BULLISH on DigibyteWe have a big Ascending Triangle Formation (blue lines).
I expect Digibyte to bounce of the resistance and follow the bullish trend.
The 0.786 Fib is a key resistance we have to break through.
If we do I think we are breaking rather quickly through the Ascending Triangle Formation.
This Formation has a 50% chance that it will dip right after the breakout.
If it those I will buy more at the 2. Buy Area.
I expect it to go higher but I am starting taking profits at the 0.5 Fib, making 250% profit for the first buy in and 70% for the second one.
Keep in mind to not bet everything at once! Average in!
The DGB Reversal!DGB has been up and down over the last few weeks making it exciting for short traders - and terrible for long positions.
BTC has started to move in a more positive direction and we have seen DGB move in reaction to what BTC is doing.
Yesterday we hit 468 before bouncing up - today it looks like 450.
DBG will hit 500 again with or without BTC help. This is an excellent time to take a buy positions.
DGB Falling Wedge2 Scenario's Expected
1. A rebounce from the support at around 460 sats and started an elliottwaves upward reversal trend.
2 . Closes below the support at around 460 sats and continue further its continuation pattern.
RSI : 41.2168
Below the 9 DEMA.
Entry Level : 452 sats - 470 sats
Possible Targets :
T1 : 504 sats
T2 : 532 sats
T3 : 554 sats
T4 : 577 sats
T5 : 609 sats
StopLoss : 406 sats
Good Luck.
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DIGIBYTEDGB/USD supply&demand zones, bear&bull trap, correction waves after this growth. Calculation with Fibo-lvls, active zone, CCI indicator is breaking the supports.
$DGB, Dip Then Moon
Weekly
Looking at our trend timeframe we see price broke out of its double bottom and was rejected at 625 satoshis, stochastic rsi showing momentum remains in favor of bulls. Although momentum is heading towards the upside, we may have temporarily peaked and should be expecting some consolidation at this level on the smaller timeframes before heading to the moon.
Shifting over to our pattern timeframe we see price formed a lower high at our 550 level and has since continued to push towards the downside. Support levels at 450 400 and 350, expecting a drop towards our 350 level leaving us with a double bottom in this zone. A daily close above 500 activates our trade, or a bounce off 350.
$DGB - Digibyte Weekly AnalysisI have Digibyte on my watchlist as the long term chart has always looked good. On the weekly we are trading well above the 200 and 50 week moving average here giving signs of long term strength and possible adoption. This past week saw heavy losses but we are seeing support at the 10 week moving average and we may be forming a long term descending wedge. The overall trend is still bullish, higher lows but e do have a lower high which could be sign of consolidation in the long term. We did recently break through a weekly swing point of resistance, but if the wedge pattern holds true in the long term, we hope for support around 375 SATS if the higher low trend is to continue. I bought some Digibyte and plan to continue to buy more as long as this pattern holds true and see a bounce.
The Quest for a cup of tea at .618?Digibyte... the road to .618 for a cup of tea?
Almost sounds like a magic quest for a treasure to be found. The obstacles to overcome is the poor volume in the overal market at the moment, there is a lack of confidence in the current crypto market in general.
Slowly but steadly we are following the wedge to meet the magical .618 of the previous all time high. The two double bottoms and a possible cup & handle forming could result in a even bigger Quest to meet the .5 level at around 8 cents. The centiment & the volume have to increase in order to follow to road to 64% possible gain of the C&H pattern. Still staying sceptical at the moment, Digibyte seems to follow the big daddy Bitcoin. If this a bull run in bitcoin to meet possibly 8K I could see this quest for 8 cents getting a better chance of succes. If we are ending up in a down trend, the C&H pattern is not confirmed and it is brace for impact to meet possibly the black line again.
Feel free to comment, this being my first attempt publishing here on Tradingview.com
Cheers!
Digibyte Might be Ready to Run!Good afternoon!
DGB has formed a beautiful Double Bottom formation, if it can breakout we should see quite a big run to the upside!
Digibyte - Two Possible Situations.Digibyte looks to be doing 1 of 2 things. It either breaks the neckline and finishes the "W" Pattern. Or it comes down for a triple bottom and takes off from there.
Time will tell.
DGB 18H EMA PUSH HIGHERdigibyte pushing through the 18 EMA high looks bullish
RSI is coiled back to run
we may be looking at a massive move to the upside in the coming weeks
DGB ROOM TO RUNdays of consolidation has given the RSI time to rest and recharge
whether the market is ready or not, digibyte is ready
Things are lining up for a nice breakout DGBJust looking at a few things on the charts for fun...looking like a nice setup. Pour a little volume on it!
Bullish on DGBWill we see a repeat of May/June 2017? Key indicators pointing towards a bullish ascending wedge on DGB. They say they have the tech, let's see how this unfolds over the next few weeks.
A Second Chance to Buy in DGBUSD ...New trading suggestion:
*The price is in a range bound and we forecast the uptrend would resume.
*There is still a possibility of temporary retracement to suggested support line (0.031). if so, traders can set orders based on Price Action and expect to reach short-term targets.
* If you missed our first HUNT, you have a second chance to buy above the suggested support line (0.031).
Entry signal:
Signal to enter the market occurs when the price comes to "Support line" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Technical analysis:
Price is aboveWEMA21, if price rises more, this line can act as a dynamic support.
Relative strength index (RSI) is 63.
Take Profits:
TP4= @ 0.068
TP5= @ 0.090
TP6= @ 0.110
TP7= @ 0.136
TP8= Free
Trade Setup:
We opened 8 BUY trade(s) @ 0.01985817 (day close price) based on a reversal candle ( Hammer ) at 06.24.2018 in our previous suggested support zone.
Total Profit: 17803464 pip
Closed trade(s): 5742549 pip Profit
Open trade(s): 12060915 pip Profit
Closed Profit:
TP1 @ 0.031 touched at 07.03.2018 with 1114183 Profit.
TP2 @ 0.037 touched at 07.07.2018 with 1714183 Profit.
TP3 @ 0.049 touched at 07.20.2018 with 2027 Profit.
1114183 + 1714183 + 2914183 = 5742549
Open Profit:
Profit for one trade is 0.04398000(current price) - 0.01985817(open price) = 2412183 pip
5 trade(s) still open, therefore total profit for open trade(s) is 2412183 x 5 = 12060915 pip
A Second Chance to Buy in DGBUSD ...New trading suggestion:
*The price is in a range bound and we forecast the uptrend would resume.
*There is still a possibility of temporary retracement to suggested support line (0.031). if so, traders can set orders based on Price Action and expect to reach short-term targets.
* If you missed our first HUNT, you have a second chance to buy above the suggested support line (0.031).
Entry signal:
Signal to enter the market occurs when the price comes to "Support line" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Technical analysis:
Price is aboveWEMA21, if price rises more, this line can act as a dynamic support.
Relative strength index (RSI) is 63.
Take Profits:
TP4= @ 0.068
TP5= @ 0.090
TP6= @ 0.110
TP7= @ 0.136
TP8= Free
Trade Setup:
We opened 8 BUY trade(s) @ 0.01985817 (day close price) based on a reversal candle ( Hammer ) at 06.24.2018 in our previous suggested support zone.
Total Profit: 17803464 pip
Closed trade(s): 5742549 pip Profit
Open trade(s): 12060915 pip Profit
Closed Profit:
TP1 @ 0.031 touched at 07.03.2018 with 1114183 Profit.
TP2 @ 0.037 touched at 07.07.2018 with 1714183 Profit.
TP3 @ 0.049 touched at 07.20.2018 with 2027 Profit.
1114183 + 1714183 + 2914183 = 5742549
Open Profit:
Profit for one trade is 0.04398000(current price) - 0.01985817(open price) = 2412183 pip
5 trade(s) still open, therefore total profit for open trade(s) is 2412183 x 5 = 12060915 pip
