Digibyte Technical Analysis - Strong Support + OVERSOLD!Goodnight traders!
Hope you are all doing fine!
I bring you here a coin that a hold long term, with still very high profits possible in the next bull run! If you dont know Digibyte go check it out!
Now lets talk about my daily trade,
We are looking at the 2HR chart of DGB, price is currently oversold, not only on the 2hr but with RSI 30 on the 4hr, so we can expect it to go up any moment!
Still dont forget that BTC is falling and that can take us even more down! But not too much :)
Buy zone is around my grey box, and sell/take profit zones are the green boxes on the Chart!
These are my first months sharing my knowledge with you guys, and all the support is welcome! I hope you like my work!
If you like my posts dont forget to leave a BIG like ;)
I will update this soon, when i reach 3 likes,
Mr.TTT
Digibyte
Digibyte Bleeding Out...
Weekly
Looking at our highest timeframe we price has hit major resistance @ 500 satoshis. Price showing no signs of slowing down, stochastic RSI showing momentum is bearsish as well. Expecting price to drop towards 300 satoshis.
Daily
Shifting over to our pattern timeframe we see price has formed a triple top just below major resistance @ 500 satoshis. Stochastic RSI showing momentum is long term bearish with no signs of slowing down.
Next entry is a bounce off 300 satoshi, until then I will be sitting on my hands.
Conclusion
Waiting for price to reach support near 300 satoshis. No entries until daily confirmation of bulls.
If you missed our first HUNT, you may want to check this!DigiByte/Dollar
New trading suggestion:
*The price is in a range bound and we forecast the uptrend would resume.
*If you missed our first HUNT, you have a second chance to buy above suggested support line (0.037).
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 reversal patterns is formed in the zone.
Trade Setup:
We opened 8 BUY trade(s) @ 0.02017274(day close price) based on the reversal candle ( Hammer ) at 03.18.2018.
Total Profit: 13481860
Closed trade(s): 5648178 Profit
Open trade(s): 10395255 Profit
Closed Profit:
TP1 @ 0.031 touched at 04.13.2018 with 1082726 Profit.
TP2 @ 0.037 touched at 04.20.2018 with 1682726 Profit.
TP3 @ 0.049 touched at 05.03.2018 with 2882726 Profit.
1082726 + 1682726 + 2882726 = 5648178
Open Profit:
Profit for one trade is 0.04096325(current price) -0.02017274(open price) = 2079051
5 trade(s) still open, therefore total profit for open trade(s) is 2079051 x 5 = 10395255
All SLs moved to Break-even point.
Take Profits:
TP4= @ 0.068
TP5= @ 0.089
TP6= @ 0.109
TP7= @ 0.136
TP8= Free
Technical analysis:
DigiByte/Dollar is in a range bound and Resumption of up trend is expected.
The price is below the 21-Day WEMA which acts as a dynamic resistance.
The RSI is at 51.
If you missed our first HUNT, you may want to check this!DigiByte/Dollar
New trading suggestion:
*The price is in a range bound and we forecast the uptrend would resume.
*If you missed our first HUNT, you have a second chance to buy above suggested support line (0.037).
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 reversal patterns is formed in the zone.
Trade Setup:
We opened 8 BUY trade(s) @ 0.02017274(day close price) based on the reversal candle ( Hammer ) at 03.18.2018.
Total Profit: 13481860
Closed trade(s): 5648178 Profit
Open trade(s): 10395255 Profit
Closed Profit:
TP1 @ 0.031 touched at 04.13.2018 with 1082726 Profit.
TP2 @ 0.037 touched at 04.20.2018 with 1682726 Profit.
TP3 @ 0.049 touched at 05.03.2018 with 2882726 Profit.
1082726 + 1682726 + 2882726 = 5648178
Open Profit:
Profit for one trade is 0.04096325(current price) -0.02017274(open price) = 2079051
5 trade(s) still open, therefore total profit for open trade(s) is 2079051 x 5 = 10395255
All SLs moved to Break-even point.
Take Profits:
TP4= @ 0.068
TP5= @ 0.089
TP6= @ 0.109
TP7= @ 0.136
TP8= Free
Technical analysis:
DigiByte/Dollar is in a range bound and Resumption of up trend is expected.
The price is below the 21-Day WEMA which acts as a dynamic resistance.
The RSI is at 51.
DGB breaking fibo, dgb rompiendo fiboIn his first impulse from the 0385 in the 0.618 level, he has surpassed 2 times the 0.5 fibonacci level and created minimums every time highers.
Open operation looking for a bounce to the 0.382 level.
First Take: 0545 (channel roof, resistance)
T2: 0576 (fibo level 0.382)
T3: 0690 (fibo level 0.236)
Attentive to the movements of the btc, which wants to break the 10k barrier, at this moment it is having a gradual descent to take impulse to break the resistance (10K) I would wait 2 possible scenarios: a fast rise or a gradual rise and it is this last the one that most benefits the altcoins; It should be noted that the dominance of the BTC has decreased from 42% to 36% in 1 month, if this continues, it will allow the altcoins to move with more freedom without feeling the pressure of the Mr.Bitcoin movements.
Have a good day, success and many profits in this coming week!
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En su primer impulso desde el precio 0385 en el nivel 0.618, ha sobrepasado 2 veces el nivel fibonacci 0.5 y creado minimos cada ves mas altos.
Operación abierta buscando un rebote hacia el nivel 0.382 .
Primer Take: 0545 (techo del canal, resistencia)
T2: 0576 (nivel fibo 0.382)
T3: 0690(nivel fibo 0.236)
Atento a los movimientos del btc, el cual quiere romper la barrera de los 10k , en estos momentos esta teniendo una bajada gradual para tomar impulso a romper la resistencia(10K) esperaria 2 posibles escenarios: una subida rapida o una subida gradual y es esta ultima la que mas beneficiaria las altcoins; cabe destacar que la dominancia del BTC ha disminuido desde 42% al 36% en 1 mes , de continuar esto, va a permitir a las altcoins moverse con mas libertad sin sentir la presion de los movimientos de Mr.Bitcoin.
Que tengas buen dia, exitos y muchos profits en esta semana que viene!!
DGB PROJECTED TARGET AREAdigibyte will rise. it has long been overlooked, and underestimated.
should break out of the trading range with some real force
DIGIBYTE: LISTING ON EXCHANGES = 15.08% PROFIT!!!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 6th of May 2018 .
Using this buy in point and selling at today's price, you would have expected to net 15.08% PROFIT!!!
The increase in price may also be explained by positive developments including:
April 4: Abra the first and only all-in-one app adds Digibyte to its app (Abra is an app that allows users to buy, sell and store over 20 cryptocurrencies and 50 legal currencies)
April 4: OkCoin (Korean cryptocurrency exchange) adds support for Digibyte.
April 6: Exodus Wallet adds Digibyte support.
April 14: Proposal that Digibyte will fund David Hay's Cúcuta humanitarian project.
April 18: South African cryptocurrency exchange Artis Turba adds Digibyte to its list of tradeable cryptocurrencies.
April 25: Digibyte releases their Android wallet.
April 25: Digibyte officially announces Digi-ID (integrated with their wallets). This is a DigiByte Blockchain-powered authentication service that can be used to replace username & password combinations and even 2FA. This allows users to register and login to any website or webshop with a single click or QR code scan.
April 26: Digibyte announces their IOS wallet (beta).
April 30: CryptoLark (Youtube Personality) has interview with Jared Tate (founder and creator of Digibyte). This has generated publicity for the cryptocurrency.
(NEW) May 4: Okcoin (Korean exchange) lists Digibyte.
(NEW) May 7: DigiByte annnounces that is now ready for cross-blockchain The Blocknet (The Blocknet orchestrates dapps and smart contracts into a "token ecosystem" via blockchain routing & decentralized exchange).
These factors have together with the substantial increase in trading volume (as a result of a Dibyte's listing on The BlockNet and Okcoin) have led to its increase in price.
DigiByte. Sleeping giant awakens or yawning?Coin of the day id DigiByte
DigiByte refers to the type of cryptocurrency that is developed to provide an alternative to bitcoin; the creators try to improve or correct the shortcomings of bitcoin.
DigiByte’s supporters call DGB coin a sleeping giant of cryptocurrency. The coin exists more than four years now. Founded in 2014, it’s part of the older class of cryptocurrency projects, focusing on improving security, decentralization, and speed.
Jared Tate developed DigiByte in 2013 and launched the genesis block in January 2014. At the time, DigiByte was one of only a handful of public blockchain projects. It launched without an initial token sale and with little fanfare. Since then, funding for the project has come through donations to the DigiByte foundation. It’s also reasonable to assume that Tate and others involved in the project hold a significant amount of DGB (the DigiByte coin) from mining and initial transactions.
Technicals
DGBBTC confirmed a rebound pattern on 12.04.2018 by piercing through the 100-days EMA. Since then the coin showed a solid uptrend pattern, holding above Bullish Trend Line. Recent attempt to hold above 0.000005 failed, and coin rolled back, but found support on the Bullish Trend Line and now testing 0.000005 again. Update of the past peak at 0.00000525 will confirm the breakthrough and send the coin to the next resistance, allegedly on the 38,2% Fibo level 0.000055 or higher to the 0.000006. Bullish Trend Line should stay strong to confirm the bullish scenario. Break below the 100-days EMA will dismiss the Bullish scenario.
DGBBTC BITTREXEntered into DGB as it was looking decent for another push. DGB has been respecting its new trend line on multiple occasions and seems like it will continue to do so for the time being.
After breaking through a 4hr resistance and retesting, I made an entry. A bullish engulfing close on this 4 hr candle could indicate it will head up to retest previous high at roughly 530 sats.
Digibyte is on fire, most decentralised most long-term potentialWhat makes DigiByte More Secure?
Global Decentralization
The DigiByte blockchain is spread over a 200,000+ servers, computers, phones, and nodes worldwide.
5 Mining Algorithms
DigiByte uses five secure and advanced cryptographic mining algorithms to prevent mining centralization compared to single algorithm blockchains.
Advanced Difficulty Stability
Difficulty adjustments protect a blockchain from several forms of malicious attacks. By creating and implementing DigiShield & MultiShield, DigiByte has the most advanced difficulty stability of any blockchain in the world today.
What makes DigiByte Faster?
15 Second Blocks
DigiByte has the fastest block speed of any public UTXO blockchain in the world today with 15 second block timings.
Early SegWit Implementation
Segregated witness allows for several innovations to occur on top of the DigiByte blockchain such as cross chain transactions and single confirmation transactions.
Blockchain Rigidity
DigiByte transactions, unlike other transactions on other blockchains, are limited in size and scope to increase speed, efficiency, and throughput. Most importantly this maintains security.
What makes DigiByte Forward Thinking?
Cybersecurity
DigiByte Blockchain technology can be leveraged and applied to applications, fixing 90% of the most common vulnerabilities affecting the internet today.
IOT Devices
The future of DigiByte includes the focus of applying DigiByte security to IOT devices and services that require robust communications.
Artificial Inteligence
By combining advancements in DigiByte Blockchain technology with artificial intelligence, we are exploring new innovations in automation and data analysis.
Digibyte $DGB Short term ideaPossible scenarios for digibyte in the next 24 hours. Waiting on BTC to decide on steady rise/fall or follow more stochastic pattern.
DGB - Digibyte - Running Well - 50% Profit PotentialDGB has been running well for a month.
Volume increasing. 4hr MACD bouncing up.
Looks like bowl pattern can easily be completed.
My DGB trade strategy for Bittrex
T1: 600
T2: 700
T3: 800
DIGIBYTE: MASSIVE PUBLICITY = 33.51% PROFIT!!!Our "Crypto Scalper" Trade Indicator has correctly identified a buy in point on the 22nd of April 2018.
Using this buy in point and selling at today's price, you would have expected to net 33.51% PROFIT!!!
The increase in price may also be explained by positive developments including:
April 4: Abra the first and only all-in-one app adds Digibyte to its app (Abra is an app that allows users to buy, sell and store over 20 cryptocurrencies and 50 legal currencies)
April 4: OkCoin (Korean cryptocurrency exchange) adds support for Digibyte.
April 6: Exodus Wallet adds Digibyte support.
April 14: Proposal that Digibyte will fund David Hay's Cúcuta humanitarian project.
April 18: South African cryptocurrency exchange Artis Turba adds Digibyte to its list of tradeable cryptocurrencies.
April 25: Digibyte releases their Android wallet.
April 25: Digibyte officially announces Digi-ID (integrated with their wallets). This is a DigiByte Blockchain-powered authentication service that can be used to replace username & password combinations and even 2FA. This allows users to register and login to any website or webshop with a single click or QR code scan.
April 26: Digibyte announces their IOS wallet (beta).
April 30: CryptoLark (Youtube Personality) has interview with Jared Tate (founder and creator of Digibyte). This has generated publicity for the cryptocurrency.
An increase is trading volume is driven by Bittrex and Poloniex accounting for 44.75% and 20.67% respectively.
Digibyte getting awfully close to breaking neckline.Get entry point on digibyte most likely...keep in mind that there is a higher peak to the left of the cup where a deeper cups rim could form should breaking this neckline fail to initiate a big surge of bullish voluem. That would mean we would then still need to form a handle. If this is the real rim line you will know withing 2-3 4hr candlees closing above it from a big momentum surge.
DGB: BTCDoji close on daily at the top of the ichi cloud, with a potential evening star Doji pattern forming. Potential supports 431, 385, 360 on the daily. A break above the Ichi and close above would be a strong bullish sign and price would likely consolidate above.
DGB to rest test 780-800sat by mid MayShould follow these patterns.. OR it can fly to 2000sat tomorrow OR it can fall to 200sat. Crypto is like a box of chocolates.. you never know what you're gonna get
DIGIBYTE: NEW DEVELOPMENTS = 22.65% PROFIT!!!Our "Crypto Scalper" Trade Indicator has correctly identified a buy in point on the 26th of April 2018.
Using this buy in point and selling at today's price, you would have expected to net 22.65% PROFIT!!!
The increase in price may also be explained by positive developments including:
April 4: Abra the first and only all-in-one app adds Digibyte to its app (Abra is an app that allows users to buy, sell and store over 20 cryptocurrencies and 50 legal currencies)
April 4: OkCoin (Korean cryptocurrency exchange) adds support for Digibyte.
April 6: Exodus Wallet adds Digibyte support.
April 14: Proposal that Digibyte will fund David Hay's Cúcuta humanitarian project.
April 18: South African cryptocurrency exchange Artis Turba adds Digibyte to its list of tradeable cryptocurrencies.
April 25: Digibyte releases their Android wallet.
April 25: Digibyte officially announces Digi-ID (integrated with their wallets). This is a DigiByte Blockchain-powered authentication service that can be used to replace username & password combinations and even 2FA. This allows users to register and login to any website or webshop with a single click or QR code scan.
April 26: Digibyte announces their IOS wallet (beta).
An increase is trading volume is driven by Bittrex and Poloniex accounting for 46.61% and 23.27% respectively.
DGB ProposalDGB strong resistance at 500 sats. We should see a small retrace to the fib line before breaking the 500 sat mark and breaking out.
