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Digibytebtc

DGBBTC forming bullish Shark | Upto 13.5% move expectedOn daily chart, the price action of Digibyte coin is completing the final leg of bullish Shark and soon it will be entered in the potential reversal zone. Buying And Sell Targets: The buying and sell targets as per the Fibonacci sequence of the Shark pattern should be: Potential reversal or buying zone: 0.00000091 to 0.00000088 btc Fibonacci projection or sell zone: 0.00000094 to 0.00000100 btc Stop Loss: The potential reversal zone area that is up to 0.00000088 btc can be used as stop loss in case of complete candlestick closes below this level. Possible profit and loss ratio: As per the above targets, this trade has a profit possibility of 13.5% and as per the above-mentioned stop loss, the loss possibility is 3.2%. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
Long
by moon333
Digibyte Daily Timeframe AnalysisAnalysis 1 - Rsi is oversold. Lower daily RSI since Aug 2019 (450 days) 2 - Very low MACD. Lower MACD since May 2019 (534 days) 3 - Low Stoch RSI. Resistances and supports 1 - Strong support at 130 sats. 2 - Strong resistance at 200 sats. 3 - Strong resistance at EMA 200. 4 - Strong resistance at RSI red line (62 level, at this moment) Opinion 1 - If you want to play safe, enter in daily candle closing above 62 rsi / above EMA 200. 2 - If you want to get cheap and increase your profits in the long run, buy now and buy in the next dips (if they occur). 3 - Digibyte is an amazing project and have a great future. The price may drop a little further, but in my opinion, this is a long term game. 4 - I never bet against Digibyte in long term. In my vision, is a very good opportunity to buy cheap. 5 - I'm accumulating more! Cheers
by WgrCryptoGuy
DigiByte (DGB) Another Bullish SetupHey friends hope you are well and welcome the new update on Digibyte coin. The price action of DGB formed a bullish Crab pattern and started a bullish move from the potential reversal zone of this Crab: In my previous article we have already seen that on monthly chart the priceline of Digibyte cion is also moving in a handle of a Cup & Handle pattern. If the priceline start more powerful bullish move from here then after breaking out the handle the price action may try to break the resistance of the Cup at 0.00000318 btc. Currently on daily chart the priceline of DGB is at the support of an up channel. The 200 simple moving average is also moving up aggressively to provide the support to candlesticks. The Directional movement indicator is showing bullish signals as the DI+ is above the DI-. In meanwhile at the support of the channel the price action of Digibyte also has completed bullish harmonic move and entered in potential reversal zone. This move can be seen on two-day chart. The pattern is formed in US Dollar market and the Bitcoin market as well. Below are the patterns. Harmonic move in US Dollar market: The priceline of Digibyte ( DGB ) has formed bullish Gartley on the 2-day chart. The targets as per Fibonacci sequence of Gartley are: Potential reversal or buying zone: $0.02476 to $0.02276 Fibonacci projection or sell zone: $0.02634 to $0.03023 Harmonic move in Bitcoin market: The priceline of Digibyte ( DGB ) has formed bullish Gartley on the 2-day chart. The targets as per Fibonacci sequence of Gartley are: Potential reversal or buying zone: 0.00000231 to 0.00000214 btc Fibonacci projection or sell zone: 0.00000244 to 0.00000277 btc Conclusion: The priceline has very good support of up channel and the 200 simple moving average as well. The completion of bullish Gartley at these supports strengthens the expectations of bullish momentum soon. However we should use the potential reversal zone of the bullish Gartley move because if this PRZ level will be broken down then the priceline may move more down for the completion of bullish Butterfly.
Long
by moon333
The priceline of DGB has spiked after completing Butterfly moveThe price action of DGB broke down the support of channel. The moon phases gave clear signal for this bearish move because new dark moon appeared at distance from the support. The pricline has also broken down the 25, 50 and 100 SMAs: The priceline has completed the butterfly pattern and took power full move to the upside from the potential reversal zone: On the monthly chart the priceline of DGB has also completed Cup & Handle pattern: In case the priceline will break down the 25 SMA on the monthly chart then it can move more down to complete the final leg of bullish Shark on the weekly chart: On the monthly chart the bearish Shark move is still in play and priceline is moving towards sell zones: The targets of bearish Shark are as below: Buy between: 0.00000168 to 0.00000001 btc Sell targets: Secure sell targets: Sell between: 0.00000338 to 0.00000694 btc Aggressive targets: Sell between: 0.00000808 to 0.00000969 btc
by moon333
2
DGBBTC a bullish reversal moveHey, friends hope you are well and welcome to the new update on Digibyte coin. Previously we have seen that the Digibyte was moving in an up-channel since April 2020. Recently the price action has broken down the support of this up channel. The price action gave two major signals before this drop. The 1st signal was if we place the volume profile indicator on the complete price action moving within this channel then we can easily observe that it was showing that there was a strong interest of the traders even below the support of the channel, and if we place the moon phases indicator then it can be clearly seen that the new dark moon was a appeared below the support of this channel. Both these indicators were giving clear indications that the price action is going to break down the support of the channel. Cup & Handle pattern: Now if we switch to the monthly chart to see what's happening on the bigger time period. The price action of DGB has completed the formation of a Cup & Handle pattern and the resistance of the cup is at 0.00000318 btc. After completion of the cup now the price action is moving within the handle. If we place the simple moving averages with the time period of 50 and 25 then we can also observe that the priceline is now moving between the two simple moving averages. At the moment the priceline of DGB has hit the resistance of 50 simple moving average and moving down to the support of 25 simple moving average. I have also placed the Fibonacci tool from the support of this cup up to the resistance. After placing this tool it is very clear that the price action of the DGB has retraced between 0.383 to 0.50 Fibonacci retracement level. At 0.50 Fibonacci retracement level we also have the 25 simple moving average support on the monthly chart. That is very strong support and it will be very difficult for the priceline of Digibyte to break down this SMA. Therefore I am not expecting that the price action will move more down than the 25 simple moving average. But if the 25 simple moving average will be broken down then we can expect that the cup and handle formation will be invalidated and we can witness a huge drop because if we switch on the weekly chart then price action is also completing the formation of a bullish Shark harmonic pattern. Bullish Shark move: On the weekly chart it can be clearly seen that the price action has retraced between 0.382 to 0.618 Fibonacci retracement level after the completion of initial X to A leg. Then priceline has projected between 1.13 to 1.618 Fibonacci projection of A to B leg and here we have received 2nd confirmation for the bullish Shark. Now as per Fibonacci sequence of this pattern the priceline of Digibyte can retrace between 0.886 to 1.13 Fibonacci level for the completion of the final leg. But the completion of the final leg depends on the breakdown of 25 simple moving average on the monthly chart that is very difficult. Conclusion: Now at one side on the bigger time period monthly chart have a complete Cup & Handle formation and on the other side on the smaller time period weekly chart we are expecting the completion of the final leg of the bullish Shark pattern. In my opinion the bigger time period pattern is more stronger and unless the 25 simple moving average would be not broken down we can expect a bullish move up to the resistance of the cup. But if the 25 simple moving average on the monthly chart will be broken down then we can witness a very massive sell off until the price action will not complete the final leg of the Shark. And from the potential reversal zone the of the Shark pattern we will see a powerful bullish rally. Therefore in any case we should use the 25 SMA of monthly chart as stop loss.
by moon333
DigiByte (DGB) Another Wave To The Upside Is ExpectedHi friends hope you are doing good and welcome to the new update on Digibyte coin. In my previous article I showed you that the price action of Digibyte coin was at the support of an up channel. The price line of DGB is moving within this channel since April 2020. This time I was expecting that the price action will breakout the resistance. Finally the priceline started the bullish move but failed to breakout the resistance and now moving down at the support again. This was almost 50% rally. The strong support of SMAs at the support of channel: This time there are more strong chances that the price action will be bounced to the up side from the support of this channel and it will make another attempt to breakout the resistance. Because after placing the simple moving averages with the time period of 100 and 200 we can observe that the 100 simple moving average is almost at the same level where we have the support of the channel as well. The 200 simple moving average is also below the support of this up channel. A bullish Butterfly move: At the support of this channel the price action has also completed the formation of the bullish Butterfly pattern on the small-time period 6-hour chart. Let's dig this pattern deeper to see how perfect this pattern is driven. After initial leg the A to B leg is retraced between 0.618 to 0.786 Fibonacci then B to C leg is projected between 0.382 to 0.886 Fibonacci projection of A to B leg then C to D leg is retraced between 1.27 upto 1.618 Fibonacci and here we have all legs driven as required for perfect bullish butterfly. Now the priceline is entered in potential reversal zone of this pattern and from here the priceline can move up at any time. The priceline is geared up from the PRZ level as predicted last year: Now I would like to recall my previous post that I shared over a year ago in June 2019 when I predicted that the price action of DGB is forming a bearish Shark pattern and soon it will start the formation of C to D leg. I also showed the pivot support in the potential reversal zone of this bearish Shark pattern. And using this support the price action could start a powerful long term rally to the upside. This idea had potential to produce up to 1400% big bullish move. Now it can be easily observed that as predicted the price action has geared up from the pivot support and the potential reversal zone of this bearish Shark pattern and so far it has produced more than 396% profit. I am sharing the sell targets again that I have defined as per Fibonacci sequence of beraish Shark as below: Sell targets: Secure sell targets: Sell between: 0.00000338 to 0.00000694 Aggressive targets: Sell between: 0.00000808 to 0.00000969 Conclusion: On the long term the price action is in bullish momentum but if we move to the daily chart then the price action is at the support of channel. Even though we have very strong supports of the channel and the moving averages as well therefore this report can be critical as well because if this strong support will be broken down then a short time rally can be started to the downside.
Long
by moon333
6
DGB can go skyrokcet if the support will be savedHi friends hope you are well and welcome to the new update on Digibyte coin. As in my previous article we have seen that the price action of DGB was moving in a pennant and broke out resistance. As I told you that now the price action my retest the previous resistance of pennant as support and in case of successful re-test it can start the next rally. But the retesting has been failed and the price action is again entered in the pennant. The pattern has been changed to up channel: Previously the priceline of DigiByte was forming lower highs but recently it has made a higher high. Therefore now the pattern has been changed from pennant to up channel. And the price action is at the support of this channel. Now we can use the Bill William alligator indicator with the combination of this up channel. At this time the bill Williams alligator indicator has given sell signal as the smallest time period MA is moved down and biggest time period moving average is above all moving averages. But the priceline did not break down the support of the channel. Therefore we can ignore this sell signal but in case the priceline will break down the support and the William allegory indicator will be still giving sell signal then we can consider it as a stop loss and take exit from DGB by selling it. We can also observed that the stochastic indicator has given buying signals as the blue line has crossed up the red line from the oversold zone. Simple moving averages on daily chart: Now if we watch the different simple moving averages with the time period of 25, 50, 100 and 200 then price action has broken down the 25 and 50 simple moving averages and having strong support of 100 SMA. We have still the smallest time period moving above all then 50 then 100 and then 200 below all. This order of the moving averages is still giving strong bullish signals. Once the priceline of DGB will be able to move up from the support of 100 SMA. Then it can breakout the 50 and 25 simple moving averagess again and started the next rally to the upside. However, if the price line breaks down the 100 simple moving average support then it can reach at 200 simple moving average support that is at 0.00000142 btc at this time. Simple moving averages on long-term chart: Now if we switch to the long term weekly chart and place the same combination of the simple moving averages. Then the price action is facing strong resistance of 200 simple moving average since the first week of May 2020. And also having strong support of 100 simple moving average. From the downside the 50 and 25 simple moving averages are moving up to form bull cross with 100 simple moving average. Once these simple moving averages will be moved up then the price action will be able to break out the 200 simple moving average resistance as well. Conclusion: Even though we have a very good order of moving averages that is giving bullish signals and the different indicators are also giving the buying signals. But at this time the price action is at very critical support of an up channel. Therefore, if the price line of DGB breaks down the support then we should consider it as our stop loss strictly. Because on the other side the Bitcoin is turning more strong bullish and if the Bitcoin dominance will be increased then price action can break down this channel and start the rally to the downside.
by moon333
4
DigiByte (DGB) Going To Form Next Bull FlagHi, friends hope you are well in welcome to the new update on Digibyte coin. In my previous post, we have seen that the price line of DGB was moving in a pennant on the daily chart. Today we can see that the candlestick is breaking out the resistance of this pennant. Now we should wait for the candlestick to close above the resistance once we will have today's closing above the resistance then we will be confirmed that the resistance of this pennant has been broken out. The Bill William 3 lines have given buying signals: If we place the bill Williams 3 lines that are also called bill William alligator indicator on this daily chart. Then we have the smallest time period moving average that is moving average 5 above all then we have the moving average 8 and then 13 moving average is below all other moving averages that are considered as a buying signal. The priceline is bounced from SMA: Previously we have seen that the priceline was at the support of 25 simple moving average and even it was re-testing the 50 simple moving average support as well. Now the price line is bounced from these simple moving averages moreover, Now the smallest time period moving average is above all then we have the 50 simple moving average then 100 and then 200 simple moving average is below all other SMAs. And this order of the moving average is called in open alligator mouth by that simple moving averages that can produce a more powerful bullish move. Strong resistance of SMA: Now if you wish to the weekly chart then it can be observed that the price line is not able to cross up the 200 simple moving average. And this SMA has become a very strong resistance to the price action of DGB. However, the priceline of Digibyte also has the supports of 25, 50, and 100 simple moving averages as well. The 25 and 50 moving averages are moving upside to cross 100 SMA. And once this bull cross will be formed between these SMAs then we can expect the priceline will be able to break out from this resistance of 200 simple moving average as well. Conclusion: Even though the price line of Digibyte is at the strong resistance of 200 simple moving average on the weekly chart. But as on the smaller time period chart, the price action of the DGB is breaking out the pennant. Therefore we can expect that it will be a bull flag and the priceline will move more up to form the next bull flag. Therefore the priceline can also break out the 200 simple moving average resistance on the long-term weekly chart as well. Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
by moon333
DGBBTC a sleeping giant is waking upHey friends hope you are well and welcome to the new update on DigiByte. In my previous article, we have seen that the DGB was moving in a pennant and it was just reached at the resistance of this pattern and was likely to move down. Now if we watch on the live daily chart then price action has moved down and reached the support and being consolidated at this level. I have also placed the volume profile on the complete price action moving within this pennant. That is showing the trader's interest up to 0.00000236 btc. That is below the resistance but if you watch the moon phase indicator then the new full moon is a appeared at a very high altitude that is showing that the price action can reach up to that level. Therefore we have two different indications by two indicators. Bill William alligator indicator has given a sell signal: If we take a look at Bill William’s alligator indicator on the daily chart. Then the smallest time period moving average with the time period of 5 moved below all the moving averages and the biggest time period moving average with the time period of 13 has moved above all MAs. This is a sell signal but we cannot consider this signal as true unless the price action will not break down the support of the pennant that has been formed on the daily chart. The alligator mouth of SMAs is bullish: Now if we look at the different simple moving averages on the daily chart with the time period of 25, 50, 100, and 200. Then the price action is at the support of 25 simple moving average. And the smallest time period moving average is above all then we have the bigger one then 100 SMA and then biggest time period moving average that is 200 below all SMA's. So this is another opened alligator mouth formation by the simple moving averages that is a strong bullish signal. The SMAs on long term chart and pivot points: Now if we switch to the long-term weekly chart. Then it can be easily observed that the price action has strong resistance of 200 simple moving average and the support of 100 simple moving average. But if we watch below the 100 SMA then 25 and 50 simple moving averages are moving up to form a bull cross with 100 simple moving average. And this bull cross can lead the priceline to break out the 200 SMA. And we also have the new pivot point above the 200 simple moving average. Therefore there are strong chances that the price action will be moved up to this pivot point. Big bearish Shark formation: Now I would like to draw your attention towards it very big expected bearish Shark pattern that I posted last year. After entering in the potential reversal zone the priceline of DGB is geared up and so far it has produced more than 450% bullish rally. As per Fibonacci sequence of the bearish Shark I have defined the buying and sell targets as below: Buy between: 0.00000168 to 0.00000001 btc Sell targets: Secure sell targets: Sell between: 0.00000338 to 0.00000694 btc Aggressive targets: Sell between: 0.00000808 to 0.00000969 btc Even though the PRZ goes up to 0.00000001 btc but the priceline found strong support at 0.00000050 btc. Therefore the PRZ goes upto this level max. Conclusion: On the daily chart, the price action is at the end of the pennant and the pattern is getting squeezed. Therefore it is a decision-making time for the priceline of DGB to break down or break out this pattern. And the further upward move depends on breaking out from the pennant. Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
Long
by moon333