DGBBTC trade ideas
Digybite at a crucial stage DGB/BTC
Digybite DGB/BTC has completed a wave 4 correction via a complex wxy pattern after failing to break above 500 sats. for over two weeks it has been caught in a negative downward median line set unable to break out due to a collapse in BTC price. However the extended length of time spent at this upper level and large consolidation is a positive sign that price has found a potential platform to move up from.
BTC is in the process of a producing a horizontal basing zone and therefore DGB has potentially started the 5th wave therefore DGB/BTC is now at a crucial moment.
A major resistance line has been broken and is now potentially acting as support. A return below this line is a sign of major weakness.
A minor resistance line in pink is yet to be tested and a retest of this line should it be broken may provide an entry point.
However failure to make it out of the downtrend line sets a move fundamentally driven by BTC price action may see a failed wave 5 and a return to the 300 sat range.
Due to it's explosive history there might be an extended wave 5 beyond the target area of around 570 sats.
However this depends fundamentally on BTC price action.
A break of the lower parallel line signals further downside and a return to FIAT may be the safest bet while BTC continues to correct.
Digibyte Correction or Break?
Weekly
Looking at our highest timeframe we see price has hit major resistance @ 500 satoshis. Stochastic RSI showing momentum is slowing down, expecting a correction towards 300 satoshis.
# Daily
Shifting over to our pattern timeframe we see price is a minor downtrend. A daily close above 475 satoshis activates our trade, a rejection from this level and expect DGB to fall towards 300 satoshis. Stochastic RSI showing momentum is heading towards the upside.
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Coin: #DGB
Exchange: Bittrex
Buy Stop: 875 satoshis
Price Now: 464 satoshis
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#WhaleAgent Targets
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TARGET 1 : 525 (+10%)
TARGET 2 : 650 (+37%)
TARGET 3 : 700 (+48%+
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SL: 425 satoshis (-10%)
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DIGIBYTE: POSITIVE DEVELOPMENTS = 15.76% PROFIT!!!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 17th of May 2018.
Using this buy in point and selling at today's price, you would have expected to net 15.76% PROFIT!!!
The increase in price may also be explained by positive developments including:
April 4: Abra the first and only all-in-one app adds Digibyte to its app ( Abra 3.03% is an app that allows users to buy, sell and store over 20 cryptocurrencies and 50 legal currencies)
April 4: OkCoin (Korean cryptocurrency exchange) adds support for Digibyte.
April 6: Exodus Wallet adds Digibyte support.
April 14: Proposal that Digibyte will fund David Hay's Cúcuta humanitarian project.
April 18: South African cryptocurrency exchange Artis Turba adds Digibyte to its list of tradeable cryptocurrencies.
April 25: Digibyte releases their Android wallet.
April 25: Digibyte officially announces Digi-ID (integrated with their wallets). This is a DigiByte Blockchain-powered authentication service that can be used to replace username & password combinations and even 2FA. This allows users to register and login to any website or webshop with a single click or QR code scan.
April 26: Digibyte announces their IOS wallet (beta).
April 30: CryptoLark (Youtube Personality) has interview with Jared Tate (founder and creator of Digibyte). This has generated publicity for the cryptocurrency.
May 4: Okcoin (Korean exchange) lists Digibyte.
May 5: ACR Poker accepts Digibyte as payment.
May 7: DigiByte annnounces that is now ready for cross-blockchain The Blocknet (The Blocknet orchestrates dapps and smart contracts into a "token ecosystem" via blockchain routing & decentralized exchange).
May 10: EasyCrypto.NZ lists Digibyte.
May 11: DigiID by Digibyte is officially released.
May 12: CryptoChartIndex includes Digibyte in it's market capitalisation calculations.
May 13: Simpleswap lists Digibyte.
May 14: Bitebtc lists Digibyte.
It is believed that a surge in volume is driven by the positive developments listed above and broader recovery in the crypto markets.
***The "Crypto Bottom Signal" used in this analysis is included as part of the Crypto Trade Signals subscription.***
Digibyte Bleeding Out...
Weekly
Looking at our highest timeframe we price has hit major resistance @ 500 satoshis. Price showing no signs of slowing down, stochastic RSI showing momentum is bearsish as well. Expecting price to drop towards 300 satoshis.
Daily
Shifting over to our pattern timeframe we see price has formed a triple top just below major resistance @ 500 satoshis. Stochastic RSI showing momentum is long term bearish with no signs of slowing down.
Next entry is a bounce off 300 satoshi, until then I will be sitting on my hands.
Conclusion
Waiting for price to reach support near 300 satoshis. No entries until daily confirmation of bulls.
DGB long looking strongConverse to my LTC trade where I was drawn to it because of its deep retrace, DGB is looking strong because of its shallow retrace. The reason for these conflicting opinions is that I am betting on LTC to make it back to the previous highs while betting that DGB will break through them.
DGB has found support at previous resistance, 424 sats, which coincides with the 38.2% fib retrace. I bought well on this one as you can see, my orange line on the chart is my break even point. DGB is my biggest holding now and I have no stop-loss set for now and no sells. With rumours of some big things in the near future I am waiting to see where this one goes. Good luck trading.
DGB breaking fibo, dgb rompiendo fiboIn his first impulse from the 0385 in the 0.618 level, he has surpassed 2 times the 0.5 fibonacci level and created minimums every time highers.
Open operation looking for a bounce to the 0.382 level.
First Take: 0545 (channel roof, resistance)
T2: 0576 (fibo level 0.382)
T3: 0690 (fibo level 0.236)
Attentive to the movements of the btc, which wants to break the 10k barrier, at this moment it is having a gradual descent to take impulse to break the resistance (10K) I would wait 2 possible scenarios: a fast rise or a gradual rise and it is this last the one that most benefits the altcoins; It should be noted that the dominance of the BTC has decreased from 42% to 36% in 1 month, if this continues, it will allow the altcoins to move with more freedom without feeling the pressure of the Mr.Bitcoin movements.
Have a good day, success and many profits in this coming week!
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En su primer impulso desde el precio 0385 en el nivel 0.618, ha sobrepasado 2 veces el nivel fibonacci 0.5 y creado minimos cada ves mas altos.
Operación abierta buscando un rebote hacia el nivel 0.382 .
Primer Take: 0545 (techo del canal, resistencia)
T2: 0576 (nivel fibo 0.382)
T3: 0690(nivel fibo 0.236)
Atento a los movimientos del btc, el cual quiere romper la barrera de los 10k , en estos momentos esta teniendo una bajada gradual para tomar impulso a romper la resistencia(10K) esperaria 2 posibles escenarios: una subida rapida o una subida gradual y es esta ultima la que mas beneficiaria las altcoins; cabe destacar que la dominancia del BTC ha disminuido desde 42% al 36% en 1 mes , de continuar esto, va a permitir a las altcoins moverse con mas libertad sin sentir la presion de los movimientos de Mr.Bitcoin.
Que tengas buen dia, exitos y muchos profits en esta semana que viene!!
DGB 700sat in end of MAY?
DGB undervalue coin, there is obvious uptrend, one months go up from support around 250sat
Now is chance in little dip catch DGB on the move.
Volume is bigger. will be more,
DGB have 4 events, two in MAY and two in JUNE.
1.Target is around 600-700sat at the end of May, is there second way over accumulation zone and then up but faster.
Thank you for activity.