Digibyte Trade Idea (Retracement almost done, then ATH cycle)Digibyte Mid Term Idea
As I've posted an idea about this one earlier, I'd like to update this one.
Sometimes you're right, sometimes you're wrong. Sometimes you'll need to analyze a little more and that's with this one.
Updates since the earlier posted chart from 22 February:
The retracement zone is getting close. If you want to make a long swing on this one, I'd say it's about time to buy this one. Still thinking we'll reach somewhat good heights.
Wave towards 900 is done. Currently retracing and didn't finish retracement as you'll see.
Expecting that retracement will be towards 220-240 zone.
Then some accumulation and then we're off towards 1400-1500 sats.
Digibyte
The DGB tries to hold the SupportThe DGB tries to hold the 300Sats level. If this support level is broken then we could see another leg lower with the DGB sliding down to the 140Sats level. The reason I am mentioning this is because BTC surged higher on Saturday with big volume as traders start to anticipate this drop. If the DGB price starts to drop, then holding BTC may be the best safe haven.
3-Day Chart:
From the chart, it looks like the DGB trend may fall through weak support level and test the next support at 140-150Sats, I think it will be several weeks before we see such a test. The falling volume is a concern. If volume can rise above the monthly average, it is a good sign that price will test the weak support before the uptrend can start.
RSI is below 50, a sign of the downtrend. The MACD turned down through the centerline, a sell sign and it is still trending down, which is a negative sign. In addition, the EMA lines put pressure on the DGB price, as well as 20EMA and 50EMA can make a death cross soon, which will be the sign of the strong downtrend.
1-Day Chart:
I can't say it's a different chart, but the daily card a copy of three day chart, 20/50/100EMA is a resistance lines, the RSI is below 50 level, it's sad :( and the MACD below centerline without any positive sign on the horizon to bounce from the first support at 280Sats area.
4-Hour Chart:
Volume has been trailing off, which is not a good sign for the price to keep going up. Watch for above average buying volume as a sign the DGB price will start it's up trend. Otherwise, we should expect a pull back.
RSI is below 50 indicating the downrend. The MACD is at a low point, so the price need a spike to end the correction and start it's uptrend
My concern is that most people seem to think the markets had bottomed, and if that's the case, everyone should be long right now. If the markets continue this downward slide a few more days we could see prices drop very quickly as I mentioned above. I would rather see the trend flatten more or start to head higher before I take long term trades to the long side.
DGB/Dollar Prediction to AugustThis is my first ever chart, I have set up elliot waves with fibonacci ratios.
Technical Analysis:
Degree of trend: Intermediate
I believe we are in the midst of a wave 3 with subwaves 1 & 2 complete.
Ending Diagonal Triangle in SUBwave 2 similar to wedge in wave 2 which is caused current wave 3 * Drawn (Orange A,B,C,D,E)*
Fundamentals:
Longest UTXO Decentralized blockchain in existence.
Most secure blockchain with 5 mining algorithms.
Fastest decentralized on chain transaction time @ 15 seconds. (560 TX per second)
Has the most full nodes online @ over 190,000.
Just recently hired PR Marketing firm.
First blockchain to use Segwit from GUI wallet.
DigiShield & DiguSign technology.
Mobile wallets (Android & iOS) + Exodus wallet almost ready to be released.
One click miner also close to being deployed.
Huge community with loyal following.
READY FOR MASS ADOPTION !
**I am personally expecting the gains to be more than I displayed on this chart, especially with how crypto's have been going. I am seeing that crypto's are really more favorable to wave 5 being the extended wave as opposed to the usual wave 3 (in things like commodities). But for this being my first ever chart and publishing it, I played it more conservative and stayed true to the ebb and flow of elliot waves & fibonacci. I am also going long with this coin, a true long term hold definitely into 2020) WISHING EVERYONE PROFITS !
TIP JARS:
BTC:
32mUo9cXTASM5C8wscKzwkvps3bvKiGjJ5
DGB:
DDMJeNRwDRpnTHn2rxfCYN1wn4anoBqEmT
LTC:
LVcKwbsATpBUjAW3dvnp7WBAdAuio1m3un
ETH:
0xAC6f867DdB1F2c26ffebdf16B6bd187d04fDd6B1
ETC:
0x37f55ef94AE2669f9E12A967805016012d2135bd
DGB WILL GO BACK UNDER <100 satsHere are my thoughts on one of the most undervalued cryptocurrencies
Digibyte DGB, is a very fast/cheap multialgo cryptocurrency.
It got a lot of expectation back on May 2017 when it was some leak/lie? about minecraft integration . It went from 70 sats to 2000 sats in 2 months , but, after that event, bad news become real and a lot of DGB were stolen from this kind of integrated game platform wallet mixed with a no fully team support at that time.
My chart is about how this year it will come to <100 sats, a really possible scenario, compatible with a long BTC run in 2018, DGB on 2017 was stable between 0,005 $ - 0.0030 $.
As we see on the chart, the support level goes 10-20% everytime DGB has a bull run (2-4 months) that means the big Wales, or DGB foundation, or anyone with a big bunch of coins is losing their support power,A change of owners, a end of a cycle.
DGB-BTC killer hodl for 2018, 189% ++ profit potentialHowdy, let’s take a look at one of my favorite picks for 2018, Digibyte (DGB).
Fundamental drivers:
Marketing Overhaul Begins Feb 1: www.reddit.com
Details:
With over 100,000 full nodes (compared to BTC's 11,000), Digibyte is highly decentralized. Digibyte uses five separate mining algorithms to ensure mining decentralization. It’s also one of the oldest blockchain projects out there (2013), with early SegWit implementation. It offers super fast transactions.
For those who know da woo, Clif High’s web bots have found hints of a “minor mania” for Digibyte in the summer of 2018. Considering the man’s accuracy up until now, I’m more than happy accumulating DGB at these current levels. Now’s a killer time to be shopping.
Official website: www.digibyte.io
—
Analysis:
DGB has respected a global Fibonacci range ever since the enormous run-up in the summer of last year. I would argue that it is now in a good range to begin some harmonic kind of movement, but first let’s establish some congestion zones and look at the Ichimoku.
The Ichimoku cloud is lining up almost perfectly with this Fibonacci range.
The Higher lows in price and lower lows on the RSI indicate hidden bullish divergence, while declining volume and a symmetrical triangle forming with the 50 and the 200 MA are creating a solid base for a sort of bull flag. It could be a pennant and will need more time to consolidate. The Ichimoku cloud has flipped bullish just as there was a golden cross of the MA’s a week or so ago. Here I see a pattern similar to some other reputable projects out there — en edge-to-edge cloud break, followed by a retracement to the top of the cloud, and then the establishment of a new price floor. Bulls would be careful, however, as it is beginning to look like a head and shoulders pattern. Now all of this may be difficult to see at once (unless you’re as bugged out as I am), but I also see what could be a bullish pennant forming in the RSI. Bollinger bands included to show how tight the price is getting.
Here’s the triangle using the 200 MA as the base. Long term I see a lot of upside for DGB, though it may end up consolidating for many months so I’m not so interested in it for swing trading. Below are your levels indicated by blue horizontal lines.
These targets are primarily based on the Ichimoku, the global Fibonacci range, and previous congestion zones discovered around those areas.
Entry: 0.00000355 - 479
Target 1: 0.00001074
Target 2: 0.00001383
Digibyte | DGBBTC breaks out of a falling wedge!Digibyte breaks out of a falling wedge and volume is showing.
Digibyte above 800 sats between 2018-05-01 & 2018-05-09Digibyte above 800 sats between 2018-05-01 & 2018-05-09
DigiByte VS Bitcoin Signs of ReversalDidiByte found the resistance at 830 satoshi and corrective wave down started, resulting in a 56% loss to the Bitcoin. The decline of the DGB/BTC price was stopped by the 61.8% Fibonacci retracement level applied to the 07.12.17-10.01.2018 wave up.
After the clean rejection of the Fibonacci support, the price went up and broke the 200 Moving Average and the downtrend trendline, suggesting the potential change in the medium term trend. Although range trading could be extended a little longer the growth potential remains. DigiByte is expected to rise towards one of the 3 resistance levels confirmed by two Fibs.
First resistance: 600 Satoshi
Second resistance: 770 Satoshi
Third resistance: 830 Satoshi.
If price will break above first resistance is will become very likely that DigiByte will produce a double top, hitting the area between 770 and 830 sats. Daily break and close above the 830 sats resistance should confirm a long-term uptrend. On a downside. Daily break and close 360 could invalidate bullish outlook.
What do You think? Verge VS DGBHello Traders!
I have found a suitable comparison. Generally speaking, history repeats itself and the price always comes back. To be honest, we all love something new, for example, we need to change cars once a year or fly to different countries, in the case of DGB and XVG, I can safely assume that we are dealing with one major player in the market who likes to change things once a year.
Let's start the analysis. In the last few weeks XVG showed a weak downward trend. The RSI was below 50, bears in the market, the same trend is confirmed by the MACD which is now below zero. In the next few weeks, I expect that the Verge will be traded at 750-700 Sats, and then smoothly reach its fair price the same as DGB did. I will follow the daily schedule closely, because I'm very interested in whether the coin price can break through the center line (MACD) and how strong the trend will be, how rapidly will the market move within this trend.
DGB/BTC Closed Above Resistance. (4H Chart)DGB is looking strong. Candle close above resistance line on 4h as well as daily chart. MACD cross on Daily.
Small write up I know, but a pretty straightforward chart. Last time when the chart had a profile like this it went parabolic up to 2500 sats very quickly, but I'm just shooting for 1200-1400 sats for my target for now. Keep in mind BTC could still fall back after hitting the upper resistance of the channel which could mess this up.
dgp usd long idea title. Based off technical and fundamental data. Price has already reach 1B market cap, nothing stopping is from reaching 10B. After 10B has been hit then the news and hip will take over including new exchanges accepting dab transactions.
To sum up, please do your own research... But a picture speaks a thousand words - steemit-production-imageproxy-upload.s3.amazonaws.com
DGB fails to maintain supportDGB fails to recover back above the previous Trendline Support (B).
Also, failed to stay above Trendline Support (A) forming new Trendline Support (C).
If DGB fails to stay above Trendline Support (C), expect to see further downtrends.
DGB has yet again disappointed many investors.
Sorry guys. This one doesn't look like it's going anywhere, anytime soon.
Be carefull with DGB, however upside potential is present! Currently DGB is trading on the support zone of the Ichimoku cloud. The same situation occured end of january / beginning of february. This resulted in a steep drop. If it Holds and does not break out on the bottom there is a good chance it will prepare itself to break out of the cloud in the coming days or at least test the resistance.
If the resistance gets broken first target will be around 750-800
DigiByte DGB on 500% Profit Trajectory (MEDIUM RISK)Digibyte is on a med - long term trajectory path to 5x it's current levels. If you have patience, enter this trade until target is reached or comfort target is achieved.
Do not invest what you can't afford to lose. We are not your financial advisors.
Watchlist update 01 | DGB, BTC, SUB (Expecting pullbacks)Hey guys, this is a quick overview of a few of my watchlist items. Keeping to the Tradingview 10 minute limit until I get something on Youtube sorted out, I decided to start doing updates on what I'm looking at in the markets. I'll try to quickly work up toward publishing one of these daily with regular updates of all of my main ideas as well as updates on future projects if they arise.
This update quickly skims over SUB and BTC with a shoutout to the fella who recommended that I begin doing some T.A. on the USD pairs against the BTC pairs for comparison. The differences are quite telling and so he has a point, I completely agree!
Here are some cool articles to chew on for today regarding the state of the market.
Here's the link to that awesome Substratum (SUB) review mentioned in the previous idea:
youtu.be
A link to Clif High's website:
www.halfpasthuman.com
Digibyte: www.digibyte.co
Substratum: substratum.net
By the way, apologies for the microphone blowing...I'll take the mic out of my mouth next time :D
DGB/BTC PoloniexI have a love and hate relationship with DGB.
Currently, I hate it.
Why did you have to fall & stay below Trendline Support (B)???
Falling below Trendline Support (A) will be worst and worst news.
It needs to smash through both Trendline Resistance and Trendline Support (B) or there to be any reason to buy in.
No recommended buys for this coin.
Sorry HODLERS.