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Digibyte

DigiByte: are we in a market reversal?Spotted DGB about a week ago, forming a nice rounded bottom. The first signal of a nice market reversal.. A few days later we see it got turned down by major resistance level. made the market bearish for a couple of days but then it happened (chart: 1 day candlesticks) 1. The side day bar (a candlestick having a smaller body than the previous day). (If bullish candlestick => higher open and lower close/highers low and lower high of the body). 2. The newt day closed strong on the high (market reversal?) 3. The bulls took over completely and made todays candle close above the resistance, making it a very good possible new support level. We will pretty sure get a pullback to test the (new) support line. (market must breath) If we close the weekend above the support line a would suggest getting in long on this one. Personally we are in the trade for 1/4 already, just in case bitcoin might pullback big time and a lot of money would get in the alts. Get in trade: $0,019 - $0,020 take profit: ? (depends on btc) If this post was helpfull to you please leave i like. And if you would like to see more of these price analyses, you can follow us. Profitable Regards and Merry Christmass, Perspect
DLong
by Perspect
3
Trend-change or fake out?Hey guys, digibyte has shown a fantastic rally the last few days. I took some time looking at the chart to evaluate the current situation and get an idea of where the price is moving. The current rally offered a 189% gain if you were lucky enough to buy the low on 8th December. That's a massive gain in less than two weeks. The question is can it move up even further? The past Back in May 2017 I bought my first digibytes at 67 Satoshis and the price moved up to 2667 sats on the 3rd June. This move was caused by news that digibyte is competing in the "Citi® Tech for Integrity Challenge". People ignored the underlying technology and invested based on pure speculation. On 9th June reddit made digibyte "lose the challenge", which was never the case. Unfortunately, people started dumping the coin. A huge down-trend began. The same people, who were investing based on news and speculation, now were disappointed and started talking trash about digibyte. Ironically, on the 2nd of October digibyte has won an award, but there has been no further up-trend. Again, people, who were still invested and hoping for the "big" news, got disappointed and dumped another time. This long down-trend has shaken off everyone, who was not interested in the underlying technology, which in my opinion is very good. The presense Currently, digibyte is trading around 200 Satoshi. I've added the Ichimoku indicator to provide a clear picture, where the price is and where it might go. Coming from that huge down-trend, it is normal that the Ichimoku cloud (the kumo) is thick and red, signaling a down-trend. The current rally moved the price into the kumo, which is a sign of an undecided trend. To evaluate the whole Ichimoku indicator, I'll list a few signs: Price vs. Kumo = Undecided, the price is in the kumo Price vs. Tenkan-Sen = Bullish, the price is above the Tenkan-Sen Price vs. Kijun-Sen = Bullish, the price is above the Kijun-Sen Tenkan-Sen vs. Kijun-Sen = Bullish, Tenkan-Sen cross the Kijun-Sen from below Tenkan-Sen vs. Kumo = Undecided, Tenkan-Sen is in the kumo Kijun-Sen vs. Kumo = Undecided, Kijun-Sen is in the kumo Chikou Span vs. Kumo = Bearish, Chikou Span is below the kumo, but very close to it. This could change. Chikou Span vs. Price = Bullish, Chikou Span drastically above the price Chikou Span vs. Kijun-Sen = Bullish, Chikou Span is Kumo future = Bearish, the kumo is red and thick. That will change at the beginning of 2018. Summary To me, the signs of a trend-change are obvious, but that trend-change needs more time. Personally, I expect it to retrace down to the range of the 0.382 and 0.5 fibonacci level, before making a turn to the upside again. If you missed the first rally, this would be a perfect second entry. My advice here would be not to hunt the chart. Instead, wait for its retracement and grab some digibyte at the secondary entry. If you'd like to play it secure you could also wait for a kumo breakout followed by the Chikou Span confirmation. It's all up to your risk management.
DLong
by paaax
11
DigiByte Long Term Trade The trading idea is based on a trend reversal signal with further upward movement. The price diverged with MACD and RSI and it gives us a double bullish divergence. RSI confirmed price reversal from the support level. MACD and DMI support upward movement. The market is at possible bottom and it give us a good trading opportunity. Buy orders can be placed at 0.00000150 level with stop orders at 0.00000060 level. Profit targets are 0.00000300 and 0.00000800 resistance levels.
DLong
by DLavrov
86
DGBUSD - 3 bullish patterns (buying opportunity)Short term target in between $.02 and $.025 based on both the H&S estimation (height of head) and the prior resistance lines. Every single pattern I see is bullish, wow. Pattern 1: Cup and handle (in black) Pattern 2: Head and shoulders (in red). We don't have the full right shoulder yet. Pattern 3: Potentially finishing an ABCDE triangle correction. This is a prediction as we don't have the last waves yet. Definitely open to feedback but this chart looks like it's about to explode. Forgive my messiness with the colors >_<;;
DLong
by unaveragejoe
1
Digibyte Ready For ActionThis coin is so undervalued it's blows my mind especially since they've been actively developing for over 4 years continuously! aside from that it's taken a more positive position since yesterday so i'm very pleased :) It just broke through a level of resistance at 97 and i'll update when I see another level it could get slowed down at. This is a long term HODL until possibly end of 2018 for myself. Take a look at the attached article attached and you'll understand why ;D DGB fluctuates like any other coin so short term profits consistently are an option too. Again though, long term hodl will bring you the largest returns overall :) questions, comments please don't hesitate. And if you find any of my posts helpful go ahead and give it a thumbs up!
Long
by adamrazzle
8
DigiBytes Bright Future16 Reasons why Digibyte will rise and become the leader in Cryptocurrencies. We live in a unique time like none other. Digital assets are disrupting the financial sector. The invention of blockchain is just as important as the invention of the internet. There are hundreds of digital assets to choose from in today's market. Some are great investments but most will fail. Let's make the case for Digibyte as a solid investment. This list is not in order of importance and isn't exhaustive. Please forgive the redundancy since I've mentioned some of these arguments in previous posts. Consider the following arguments. 01. We are at a relative bottom on USD and BTC 7.80% charts. Under no circumstances should we purchase an alt coin at its peak. Always buy at the bottom! 02. Clear signs of a reversal are evident on the USD chart. Our current USD value has more than doubled in the last 30 days. 03. We will be at $10 by May of 2019 if and only if we respect the right leg of the triangle. The graph featured is a weekly log chart of Digibyte in USD. The first wave took us to the all time high. The second wave completed its retracement when it touched the right leg of the triangle. The third wave should take us to the left leg of the triangle where it will touch for the 4th time. The 4th touch will take us to at least $0.16. 04. Great divergence exists between the USD and BTC 7.80% charts on coinmarketcap.com This can be clearly seen when you select log scale. Expect massive gains in value when such divergence exists! Consider what happened to the price from Jan - Feb and Sep - Oct of 2015. 05. We have recently been listed on Yahoo 0.60% Finance (finance.yahoo.com). Notice that Digibyte is paired with 10 different currencies. I personally think that this is huge since it will attract the attention of mainstream investors. 06. We have recently been added to Ledger Nano S and Blue. This allows users to store their Digibytes on a hardware wallet. This is a significant and meaningful accomplishment which sets us apart from other digital assets (ledger.zendesk.com). 07. We didn't spring up overnight. We have been around for over 4 years. Our technology has been tried, tested, and proven. 08. We forked from the BTC 7.80% protocol. So the base code isn't original to us. However, we have not sat idly by over the last 4 years. Rather, our developers have proactively enhanced the original code by solving some of the most important problems that plague Bitcoin 7.80% and other digital assets. 09. We anticipated the astronomical cost for a Bitcoin 7.80% micro transaction. Our fee for a single transaction is slightly more than one cent! 10. We are the fastest digital asset on the market! If you don't believe that then put us to the test and try for yourself. We'll be able to process 280,000 transactions per second by 2035 since our block size doubles every two years. Therefore, you won't be plagued by unconfirmed transactions like with Bitcoin 7.80% . You will have your Digibytes in a few minutes and they will be spendable. 11. We are the longest blockchain in existence at over 5 million blocks with 15 second block times. 12. We are the most decentralized mineable blockchain in the market since we are on over a 100,000 nodes. Therefore, we are more distributed than Bitcoin 7.80% or other digital assets. 13. We pioneered Digishield which is used to protect more than 25 alt coins from a malicious attack. 14. We were the second digital asset to activate Segwit which will allow for atomic swaps. And, we did so without a contentious hard fork with full support of our 65,000 community members. 15. Our community is growing rapidly. We have over 65k followers on Twitter. 16. We use 5 mining algorithms to prevent centralization and protect against a 51% attack. Currently, the community is
by adamrazzle
DigiByte Entry LevelIf the price bounces from the uptrend line and support level, it will give us a new buy opportunity. RSI is at the oversold zone and it's going to confirm price reversal. MACD histogram supports upward movement. DMI allows opening long trades. In order to catch the possible price movement, we can place buy orders above the local high at 0.00000125 level. Stop orders must be placed at 0.00000108 level. Profit targets are 0.00000160 and 0.00000200 resistance levels.
DLong
by DLavrov
20
DGB 1D Chart 4 December 2017Dear DGB lovers (or perhaps haters right now), let's share this chart and spend some time talking about myself. I'm in crypto's since around March of 2017 (immediately trading). And yes, I've started with DGB. Bought most on top of the climb, saw it increasing with 80% on the next day and thought 'well, let's just keep it, it will go up more'. After that I've seen it go down with 80% in BTC value, so yeah, I know how it feels. Everybody should start like this, in my opinion. But then, analysis. We've seen XVG earlier today, this one has a ABCDE correction, while DGB has a ABC correction. Went all the way up to an insane ATH earlier this year, and is fully retraced to the 0.236 level of the first spike and it went up already. In that case I wouldn't be surprised if we see 500 sats coming back in this year. Will keep this one weekly updated as well!
by CryptoMichNL
Digibyte: A possible outcomeDigibyte has been a tough one due to uncertainty. Sometimes we need to step back to see the bigger picture. It looks to have created two giant head and shoulder patterns (I only outlined the second one). Could we see a third one form in the coming months? A thought: Digibyte reached a peak of around $0.065 then fell all the way down, almost to where it began it's accent upwards but not quite creating a H & S on an upward trend. What I'm suggesting is that it will slowly make it's way back up to retest $0.065 with a healthy growth this time, then retracing down a bit to go even higher surpassing $0.065.
D
by BeingCryptic
1