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Digibyte

DGB about to breakout!REMINDER: Trade at your own risk since the market can be very volatile! My thoughts could not work out as shown in my TA. First TA i've published ever, not first time making TA's. As you can see, DGB is about to come together after it's crash, look at the trend line and "crashing(?)" line coming together. I think the optimal point to buy DGB is 267 satoshi. After that it has to break through multiple resistances before it will reach it's all time high (ATH). Keep in mind that if they release their rebranded logo, website and foundation website, DGB will take of (maby this will happen before it hits 267 satoshi, so keep that in mind if you'd like to buy some DGB) to stress test it's first resistance level. So great opportunity to make some 2 (short) to 10 (long) times profit. I'll hope you guys/girls find my TA useful, feedback is appreciated! Happy trading! B
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by BramLangelaar
6
Digibyte: Correlation Coefficient Case Study and Confusion..Here, I thought it would be interesting to look at correlation coefficients and explain the inefficacies of measuring percent change in trying to understand complex behaviors and relationships between some of the top digital assets and some of the newer ones. Percent change is useful for measuring volatility. It shows where there is a lot of price movement, and where there is none: that's all. Percent change does not measure direction whatsoever. Whether price is moving up or down, the percent change remains the same, and this can be very misleading to new or panicky investors. A plummeting price causes spikes in percent change. Looking at this chart, percent change of the major coins are all currently trending up, while the correlations between them and DGB are all substantially down. Thus, it is useful to employ the correlation coefficients to analyze the directional divergence between coins. What the chart shows is that the correlative relationships do exist, however, they are very finicky, unstable, and difficult to pin down. I hear this question all the time from eager traders: "If Bitcoin goes up, will (______your coin here______) also go up?" This chart shows that the answer is rather complex , at least for DigiByte. Therefore, my standard answer to those questions shall henceforth be this: "Don't count on it." Generally, capital fleeing from BTC in times of distress will seek refuge in the altcoin markets, and FOMO on BTC gains will cause capital to flee from the altcoin markets into BTC. This explains the inverse correlation risks but only to a limited extent. Ethereum is a perfect example recently. As bitcoin price has skyrocketed, Ethereum price has plummeted. And nobody really knows why . Another major factor that impacts correlations in the digital markets is large-scale algorithmic arbitrage traders. These large robotic moves are then picked up by retail robots, which impact markets further and are then picked up by hoardes of manual traders, and this can form a reactionary chain of events in the markets, another manifestation of FOMO, and market paranoia. Happy Hunting Everyone.
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by Piptocurrency
DigiByte Long OpportunityThe price reached a strong support zone formed by the uptrend line and the support level. RSI is in the oversold zone and it's going to confirm price reversal. The market has potential for a good upward movement. In order to entry the market more safely, we should use a breakout signal. Pending orders for buy must be placed above the local swing high. If the market reverses from the support zone, then breaks the downtrend line and moves above 0.00000580 level, we'll open long trades and get an additional confirmation of further upward movement. Stop orders should be placed below the uptrend line. This is a long term trading with profit targets at 0.0000200 and 0.0000260 levels.
DLong
by DLavrov
27
DGBBTC DigiByte Market AnalysisDGBBTC from the daily chart passed from downtrend to range market, but still not in a bullish zone. Support has not been tested enough yet. In the 4 chart, however, a symmetrical triangle has been formed with a possibility of short term profit after triangle break. Look for bullish indicators before placing your order, and confirm with at least to bullish candles. Triangle may break after Segwit, 8/2. Is good time to go short if you are holding profits, if not, wait for the triangle to break. Also, you can go long over 659 after triangle break. WNZ Free updates and analysis of the cryptocurrency market: t.me
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by WaineNZeddmo
1
DGBBTC Recovery trendHeading into the 3rd wave up from the harsh correction. My optimism always comes out in the charts it seems. This wave will test the 796 resistance line with potential tall shadows to 825. 20% - 30% rise (We could see resistance from the Red Cloud at the 721 level which would be supported then again at the 676 support) Quick correction back to the 722 long term trend line and cloud support. 10% correction Then on the test the previous high and long term resistance at 868 with tall shadows to 895. 20% - 30% rise I AM NOT AN EXPERT. Still learning. Let me know what you like and don't. Can get a little busy. I am working on a simpler long term template.
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by texdevo2