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Digibyte

DGBUSD , DigiByte would probably begin a new uptrend !!DIGIBYTE/DOLLAR Technical analysis: DigiByte/Dollar is in a range bound and Beginning of up trend is expected. The price is below the 21-Day WEMA which acts as a dynamic resistance. The RSI is at 39. Trading suggestion: *The price is in a range bound, but we forecast the uptrend would begin. *Price is in the Buy Zone (0.023 to 0.011), we would set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.023) Ending of entry zone (0.011) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 0.031 TP2= @ 0.037 TP3= @ 0.049 TP4= @ 0.068 TP5= @ 0.089 TP6= @ 0.109 TP7= @ 0.136 TP8= Free
DLong
by ForecastCity
10
We will soon see an opportunity to buy in DGBUSD . Be ready!Technical analysis: DIGIBYTE/DOLLAR is in a downtrend and Beginning of up trend is expected. The price is below the 21-Day WEMA which acts as a dynamic resistance. The RSI is at 37. Trading suggestion: .The price is still in a downtrend in the market, but we forecast the uptrend would begin. .There is possibility of temporary retracement to suggested support zone (0.023 to 0.008), if so, traders can set orders based on Price Action and expect to reach short-term targets. . Beginning of entry zone (0.023) . Ending of entry zone (0.008) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons: (We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!) Take Profits: TP1= @ 0.037 TP2= @ 0.049 TP3= @ 0.068 TP4= @ 0.085 TP5= @ 0.109 TP6= @ 0.136 TP7= Free
DLong
by ForecastCity
6
DGBUSD , weekly update:Total profit 6764220 in 27 days.!DigiByte/Dollar New trading suggestion: *The price is in a range bound, but we forecast the uptrend would begin. *There is still possibility of temporary retracement to suggested support zone (0.023 to 0.011), if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (0.023) Ending of entry zone (0.011) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons: 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: 6764220 Closed trade(s): 1082726 Profit Open trade(s): 5681494 Profit Closed Profit: TP1 @ 0.031 touched at 04.13.2018 with 1082726 Profit. Open Profit: Profit for one trade is 0.02828916(current price) -0.02017274(open price) = 811642 7 trade(s) still open, therefore total profit for open trade(s) is 811642 x 7 = 5681494 All SLs moved to Break-even point. Take Profits: TP2= @ 0.037 TP3= @ 0.049 TP4= @ 0.068 TP5= @ 0.089 TP6= @ 0.109 TP7= @ 0.136 TP8= Free Technical analysis: DigiByte/Dollar is in a range bound and Beginning of up trend is expected. The price is above the 21-Day WEMA which acts as a dynamic support. The RSI is at 64.
DLong
by ForecastCity
2
BTC/USD - Probable Pathway Into The Summer, Fall, Etc.This sort of goes along with the feel of my earlier Digibyte analysis...(Which by the way is an awesome coin, with a lot of potential technically and fundamentally. See my old analysis for details.) 1. Tip For Investing In Cryptocurrencies Before I get started on my analysis, here is a tip... Keep a clear head while investing/trading in crypto. Don't shout moon or doom and don't get trapped in the echo chambers of Trading View, Reddit, Twitter, etc. Pull your head out every now and again. Zoom out. Keep yourself calm and collected. Control your emotions. Trade what you are seeing in the charts, not what you are feeling in your heart. 2. The Analysis Ask yourself an important question first and foremost. Do you really believe that Bitcoin could provide a global storehouse of wealth for the entire world to come over the next several years? If your answer to that is yes, then rest assured that the price trajectory for Bitcoin is up. (If your answer is no, then you are probably looking for further opportunities to short, the time for which has already passed in my opinion until possibly the end of summer.) So, to get to the point, this is what I see... I see Bitcoin potentially forming a cup and handle right now. The finishing of the cup would provide a triple top for Bitcoin around 11,200 - 11,400. At that point, I believe Bitcoin won't be able to make it through in one push, and will correct slightly to form the handle of the cup (and test the support currently building around 9k) before trying again for that top, where it will ultimately break through. Taking into consideration the height of the cup (basin to the top) and placing that height into the basin of the handle, the total length would eventually take Bitcoin to roughly 14k. Here at this point I think a lot of sellers will come out of the woodwork to take profits to pay taxes for the extensions they filed which are due in October (15th), as well as those who had bad entries earlier in Bitcoin just trying to break even as they now fear from this past brutal correction that this is a potential bubble and do not ultimately believe in the technology. This correction could last through the end of the summer and into the fall, and depending on the severity of panic (people again doubting their investment and believing Bitcoin is on its way back to 3k for sure this time) could test the 1st or 2nd trend line. My primary count would be a correction to the 1st trend line, but again, taking into account the amount of FUD that currently exists in this market, I would not be surprised or even flinch at seeing it test the 2nd one after a brief bounce off the 1st. Ultimately, my trading plan for the year sees Bitcoin returning to all time highs, if at very least testing close to it. Of course, do your own research, try charting your own course. These are just my own personal thoughts and interpretations from what I am currently seeing in the charts. Take them with for what they are worth and take them with a grain of salt. 3. What Does This Mean For Digibyte? Taking into consideration my previous analysis and the conservative approach to the satoshi value of Digibyte mid-summer, let's assume that Digibyte does reach ~960 and that Bitcoin reaches 14k. That would put Digibyte roughly around .12-.14, near or close to its all time high. For those who found entries around .02 - .04, I would seriously consider taking profits above .10. That's it and good luck!
BITFINEX:BTCUSDLong
by cryptomanna
Digibyte vs Bitcoin - Digibyte set to come out on top... for nowWelcome to heyitskolin's analysis of DGB (Digibyte) and BTC. This is charted using the four hour chart on the logarithmic scale. Ok, so from 10th of April DGB seems to have finished it's consolidation phase that began around the 19th of March forming a new uptrend channel (dotted black line). Accumulation Distribution has been increasing adding strength to this new uptrend channel (Note: for those of you learning, An uptrend in the Accumulation Distribution Line reinforces an uptrend on the price chart and vice versa – one of the many uses for the accumulation distribution indicator). Aroon Up is high, whilst Aroon Down is flat to the floor, adding further confirmation that the new uptrend is valid; whilst the 200 EMA is also supporting this view. Now it is worth noting the MACD has just crossed over bearish and we have fallen below the EMA 12. Therefore the latest emerging candle is looking to now test the bottom of the uptrend channel. I am not worried about falling through the bottom of the uptrend channel at this point in time as we have the EMA 26 as support whilst (at the time of writing this) also having a bullish doji star emerging in the 15 minute chart (these patterns are usually of medium reliability). The area we are now testing has also previously been confirmed as support back around the 8th/9th of February. Therefore, I think the next valid price action would be for a bounce off the bottom of the uptrend channel and provided this occurs (seems likely) we will then have a free run through a lack of resistance to test the 38.2% Fib level. Trade safely, and as always DYOR. Cheers
D
by Corrupt_Economy
Digibyte Daily Analysis Now I ain't crazy.... and I ain't a psychic... But I drew this yellow line yesterday as a potential first level of resistance if the DGB price did finally break through the 200 day moving average. And it looks like that's exactly where the price stopped today. All in all, Digibyte had a great day though. Busting above with pretty decent volume accompanying the move is an impressive showing the for the little guy. We're overbought on the RSI and DGB needs to settle down and hopefully build a little base. We have some possible support around the 3.1 cent level. The 4 hour chart looks great. The two long wicks in either direction is a pretty good sign. Hopefully we can stay range bound up here for a while. We might into a few "mini bosses" at this trend line dating back to December 2017. If we do then the price should advance to the Niceeeeee! Let's get there and deal with it when the time comes. So, I'm still a Bitcoin Maximalist but DGB is looking pretty good here. Let's see what happens! Worth a trade? You decide.
DLong
by themuzzman
Digibyte? Actually somehow still bullish here......Unlike Bitcoin, DGB somehow narrowly printed a green 1 today and we are already trading with a nice green 2 on the chart. This is exactly what you would have wanted to see out of Bitcoin today.... But, it didn't happen. DGB actually managed to pull this off and we're at least "setup" for some "bulls on parade" type action. Now let's not get too excited because if BTC does a "crap sandwich" here then chances are DGB doesn't break out. Maybe there is an outlier event, maybe some bizarre XXX site partners with them or the pending phone wallets get some approval or something. Maybe old Jared does a speech at the White House, yea.... "anything can happen.'" As ya'll certainly know. We're still flirting with this nice, long, saucer formation and that should be able to put some "umph" in the move if we do finally break out of here. We're still between this 50 and 200 day moving average. Remember this... nothing good ever really happens under either of these. It's even worse when they're descending. All and all, DGB is not in awful shape here. Wish BTC would have done the same today. Unfortunately, not the case.
D
by themuzzman
Digibyte Profit Taking! Now What?Digibyte, along with most of the cryptos that are actually acting well all had 9 counts on the TD Sequential Indicator. All in all, nothing to really worry about. Just the move was exhausted and this is where profit taking usually occurs. Literally, the exact same action as the Bitcoin chart. Which to me, is rather healthy. This is giving the overbought RSI a chance to cool down and reset, the MACD is still in great shape and have plenty of room to run. DGB actually touched the top of the Bollinger Band and this all happened in concert with the TD 9 and RSI entering overbought territory. Everything lined up perfectly for a pause in the upward movement. This is what you want to see when you decide to do any trading. You want as many indicators as possible helping to assist you in putting the probabilities in your favor. No single indicator is going to be right all the time, you have to take a 360 degree view of the whole landscape before you execute a buy or sell. If we can start to trade above 2.9 cents and close there tomorrow, then we will have a green 1. On Wednesday if we can get a green 2 then we should see some bullish action. The absolute best case for DGB is to trade above the 200 day moving average around 3.3 cents (hopefully with some decent volume and then you can buckle up for a nice move higher. Until then..... snooze fest.
D
by themuzzman
2