DGB to 600 sats?Hi guys!
I'm just investor in Digibyte since 2017 en i wanted to post this graph with you.
I'm also not the best technical analisist but i think where up for a bigger elliot wave on the 2h frame.
It's nice to see digibyte is getting the earned growth in the market now while the others still are waiting in the dust!
DGBBTC trade ideas
Whats next for Digibyte? 3 scenarios:Digibyte broke out of the long term descending triangle (in black) retested the downwards resistance line and became bullish, now what?
3 scenarios:
Green: Ultra Bullish.
Blue: medium bullish.
Red: A little bit bullish but later.
In the most bullish scenario painted in green, Digibyte will bounce of the green support line around 200 / 210 inside the green circle and make it’s way up to 0.00000314 resistance which seems to have played a role since 2017.
RSI has room to the upside and could potentially support this move.
(Remember Digibyte made a massive move and might need a breather to let the 200MA catchup, make risky trades smaller)
In a more moderate scenario painted in blue, Digibyte might fall back to the blue support line at 0.00000160, which seem to have bin significant all the way back till 2015, and then bounce off it to continue it’s uptrend.
This move might meet with the 200MA on the 4h to form support for the uptrend.
The slow grind scenario would be the one painted in red.
If we lose the support of the green uptrend, as well as the blue age old support line and the 200MA we might bounce of the red uptrend line that originated from the capitulation within the black triangle and the retest of the black resistance line of the triangle.
Keep an eye on these areas and plan your trades wisely.
Make riskier trades a lot smaller, or don’t trade risky trades at all.
Remember these are my personal charts and not financial advice in any way shape or form.
You are responsible for your own actions.
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Always use stop loss and have a plan for each scenario and don’t forget about money management.
Thanks!
Next Target exciting time for dgb Still BullishI am still very very bullish on DGB and I don't see it going down much from here. Congrats on the guys who made more DGB on the way down. :)
The graph was done on the 1 hour for a reason. As we approach bitcoin halving we should see a major burst up and then a major burst down so keep your SL on.
next target before another retracement 500-600.
This is not advice please make your own graph. Before trusting someone else's opinion
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#DGB - CROSS 2000 SAT ONCE 20 SMA CROSS 200 SMA IN WEEKLY CHARTIN WEEKLY CHART FIB SHOWS FIRST RESISTANCE AT 263 AND AT THE TIME OF WRITING, IT IS BEING RESISTED AT AROUND 260 RANGE. THEN I EXPECT SECOND RESISTANCE LEVEL WILL BE CROSSED AT 382 AFTER THAT IT MAY COME DOWN TO 170 RANGE AND I EXPECT THEN BY MID JUNE 2020, THE 20 SMA WILL CROSS 200 SMA FROM BELOW ,AND THERE FROM IT WILL SKY HIGH MAY CROSS 2000 SAT EASILIY .
Digibyte/Bitcoin Slaying the Chart! DGB/BTCAddressing the potential for an extended 5th wave and further upside from the DGB/BTC pairing. Here is a quick Elliott Wave count and invalidation point as to when we will fail to see further upside by dropping under 218 satoshi's. The argument for the extended 5th wave is that it appears to be a 1,2,1,2 scenario in the macro wave 5 and also the wave 3 if it's not extended just measures 1:1 ratio as wave 1 which gives a strong argument that its the shortest wave or too short to be a 3rd wave.
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Best of luck!