DGB (DigiByte) Coin Analysis 20/03/2021Fundamentals:
DigiByte (DGB) is an open source blockchain and asset creation platform. Development began in October 2013 and the genesis block of its DGB token was mined in January 2014 as a fork of Bitcoin (BTC).
A longstanding public blockchain and cryptocurrency, DigiByte uses five different algorithms to improve security, and originally aimed to improve on the Bitcoin blockchain’s security, capacity and transaction speed.
DigiByte consists of three layers: a smart contract “App Store,” a public ledger and the core protocol featuring nodes communicating to relay transactions.
DigiByte is a modification of Bitcoin which aims to diversify security, speed and capacity possibilities.
Its first incarnation was as an open source blockchain and associated cryptocurrency, DGB. The network has five separate algorithms which help to maintain security and help prevent ASIC miners from commandeering too much power.
Later, another offering, DigiAssets, appeared, with DGB as its native token. DigiAssets appeals to those developers looking to launch digital assets, decentralized applications (DApps) and encode the necessary corresponding smart contracts.
All governance structures for DigiByte are run on a voluntary basis, in line with the thesis that the network should be open source and publicly accessible. Transaction fees in DGB are paid to miners for validating the blockchain.
DigiByte was created by Jared Tate, also known as “DigiMan,” who oversaw its metamorphosis from development to its current setup before announcing that he was temporarily retiring from his position in May 2020.
Tate has since returned, and as of September 2020 once again appears closely involved with DigiByte’s growth.
Tate’s biography states that he was involved with Bitcoin from 2012 onwards, and authored the first book written by a blockchain founder, “Blockchain 2035: The Digital DNA of Internet 3.0.”
DigiByte’s operations depend not only on developers, but also the DigiByte Foundation, a volunteer organization tasked with overseeing preservation of the project. A third group of volunteers, the DigiByte Awareness Team, is responsible for marketing and promotional activities.
Technical Analysis:
Hidden Bullish Divergence with MACD Histogram which is the sign of trend continuation
3TP done By Fibonacci Projection
Digibyte
2 Major Supports for DGBDigiByte blocks occur every 15 seconds, reaching speeds approximately 40 times faster than popular cryptocurrency Bitcoin. ... DigiByte blocks occur every 15 seconds, reaching speeds approximately 40 times faster than popular cryptocurrency Bitcoin. It's one of my favorite coins. These are 2 major supports for buying zone
DigiByte On The Verge Of Bullish Breakout!Today marks the fourth consecutive green day we have of accumulation for DigiByte (DGBBTC).
Yesterday we manage to close above EMA10 (0.00000074) while today EMA21 (0.00000076) is working as resistance.
It is still early but we have some signals pointing to the bulls trying to push prices up.
There might be some waiting left to do but this altcoin pair is g etting ready to grow.
Namaste.
$DGB/USDT 4h (Binance Spot) Falling wedge breakout and retestDigiByte just regained 50MA support and looks ready for recovery, let's grab a bag here!
Current Price= 0.00000087
Buy Entry= 0.00000087 - 0.00000083
Take Profit= 0.00000101 | 0.00000118 | 0.00000132
Stop Loss= 0.00000076
Risk/Reward= 1:1.78 | 1:3.67 | 1:5.22
Expected Profit= +18.82% | +38.82% | +55.29%
Possible Loss= -10.59%
Fib. Retracement= 0.786 | 1.272 | 1.618
Margin Leverage= 1x | 2x
Estimated Gain-time= 3.5 weeks
Websites: digibyte.org dgbwiki.com
DigiByte vs Tether - Lots Of Room Available For Growth!Here we can see that DGBUSDT (DigiByte) is still trading below EMA50, which can be considered bearish.
Also, the MACD is not yet bullish and the RSI below 50, some small bearish signals...
Yet, positive horizon.
The charts can change fast anytime, any day.
DGBUSDT has been printing higher lows since June, which is bullish.
Other Altcoins that tend to move together with this one already moved.
We also have experience with dozens of charts that looked just like this one but now instead of below EMA50 prices are trading high above it.
The bullish sentiment is strong.
DigiByte might just be getting ready to grow.
This is not financial advice.
All the information I share is for learning/entertainment purposes only.
I am so grateful that you are here today again reading.
Thanks a lot for your support.
Namaste.
I Am Ready For The DigiByte Ride w/ TargetsWe have many altcoins moving strongly today as we have been expecting for months and DigiByte (DGBBTC) is one pair with great potential but that is only starting to build momentum.
Today prices move above EMA10 while challenging EMA21 and EMA50.
We have a volume breakout which is surely to grow as the day goes.
I am aiming really high for DigiByte.
This one never fails us.
This is one of the classic.
One of the oldest crypto-coins.
Great pair to buy and hold with long-term targets in mind.
Additional details on the chart.
Namaste.
$DGB HOLDING STRONGsince february of this year dgb has held on to the .618 channel fib level
expecting an impulsive wave to follow
possible breakout of triangle formation
Digibyte growth expectations and timeline.We are looking at the DGB 2 month chart . Dgb moves with bitcoin ands tends to outperform it when it's bullish. I have highlighted all the important zones to keep an eye on in the price and also the RSI and stochastic RSI.
So all in all if BTC goes bullish the next couple months so will DGB.
Risk management is what we do here.
*Minimalizing your risk plus patients equals success*
DigiByte No Bullish Signals, What To Expect?The chart for DigiByte (DGBBTC) isn't showing any recent bullish signals but things can change faster than you know.
We have a higher low long-term, compared to January...
Looking at the other Altcoins,
Knowing that DigiByte tends to move together with Siacoin,
It is only a matter of time before this chart changes and prices start to grow.
Still, we are careful and use a stop-loss in case anything goes wrong.
Think of all possible scenarios.
Hope for the best, prepare for the worst.
Namaste.
DGB/USD DIGIBYTE Is ready to Explode! 3300% GainDigibyte has a really nice setup looking like a major cup and handle that's lasted for years that's about to resolve. Digibyte has been laughed at and kicked down but now it will show its true colors and will shock the crypto world. Get ready for something massive my friends. Indicators are also all pointing towards a major move upward. Let me know what you think and if you have a chart you want me to look at and analyze then let me know. Not financial advice just my opinion. have fun and safe trading. If you cant beat the fear then do it scared. !!
DGB is ready ...In my view I see a W pattern ...
Price ::: right now under 90
Target::: 470
Mcap::: 800 M
SL::: Weekly close under 55
I've got it with 5% of my portfolio
*** Please Enter to this position After your own research ***
🆓DigiByte (DGB) Nov-3 #DGB $DGBDGB is very strong and in the near future it can strongly rise to the $0.065, $0.08 and $0.1 zones. We can accumulate DGB at $0.055 and $0.05 zone. But if it falls out of the $0.50 zone, it will fall sharply to the $0.04 zone
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 0.05$ zone
🔴Buy : 0.055 - 0.05
🔴Sell : 0.065 - 0.08 - 0.1
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 0.05$ zone
🔵Sell : 0.05
🔵Buy : 0.04
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🟢 DigiByte +100% UP ?I've been watching DGB for a while and today I've got my bag full of DigiByte.
As you can see we are broken out of a big trend line and I think we are going to be happy this month.
Follow me for more and please give me a LIKE if you agree with me.
Let me know what you think,
Thank you.
DigiByte About To Make A Strong Move!It is no joke when I say that "Patience is the key".
Here we have DigiByte (DGBBTC) consolidating at a low and getting ready to boom at any given time.
It can take a few days, weeks, and sometimes even months in a consolidation phase.
But not this time around though, it is likely to move up right away.
We are patient of course, that's how we trade.
We buy, hold and let the market take care of the rest.
Calmed and relaxed.
There is nothing to lose if you wait.
If prices go below your buy-in you simply hold.
If a new low is hit you simply hold.
You can only consider selling when you are ahead.
This is very simple, very easy and you can win no matter what the charts, experts, analysts or anybody says.
Here is a good one for you, DGBBTC...
Try this strategy and see what results you will get.
Set your waiting time to 8-12 months to start.
This is not financial advice.
Namaste.