Ready to clear launch pad. Breakout of consolidation trend line & volume spike in effect. The overlooked golden boy of crypto is ready to shine!
DGBUSD trade ideas
Digibyte to .035 before RSI Gets to 80? Then Stabilize at .035LIke to finally see Digibyte get out of its sideways rut and hit .035 and stay there just enough to make that a new support line. Then we have a chance for higher ground. But until .035, I see it bouncing in between to .025 & .027. People need to get out of XRP the damage has been done. Buy Digibyte and GET DIGI WIT IT!
DGB PENDING BREAK - STRONG MOVE INBOUNDclustering under a multi year trend line
intersecting with recent consolidation resistance
compression is peaking
supported by the 18 MA (of lows)
a break out here would likely send DGB on a moon mission to minimum ATH @ .13 (circa 2018)
DigiByte - Hypothetical WedgesSo far only the falling wedges has came to fruition
The broadening wedge can be established from previous price action within the falling wedge
Alike with the Rising Wedge
We can use these wedges to establish a TP in the short term - medium term.
Looks very stable at this price level
Entry is appropriate for medium term
The MFI looks like a good indicator for day trading!Be careful while in a downward trend. There is one example I plotted with a red arrow that shows this strategy is not without risk. Don't set targets of more than 2-3% upside or stop losses more than you are willing to lose while day trading.
Potential for transition to upward pressure in Near Term TFsNear Term group of TF's (1d, 2d, 3d, 4d)
Daily White Energy won the "Race" against Red RSI in 2d. In other words the Energy in the 1d closed above 50 before the Red RSI in the 2d crossed below 50.
In the 2d, 3d & 4d the Red RSI is above 50.
Although we are currently still experiencing downward pressure, the Green MA is higher than the White Energy in the 2d, 3d & 4d. This means that when the White Energy crosses above 50 and the Green can stay higher, considering that the Red RSI is above 50, we are likely to transition to upward pressure. If the Green stays higher than the White Energy as it crosses above 50, we know that we are likely to see upward pressure until the White Energy crosses below 50. But as I said for now until this happens we wont see a significant rise in price action, in my opinion we may well see sideways action during the current period of downward pressure.
Trade safe
aBL
Digibyte Long When Rubber Hits the Road & Dump XRP!While mostly all the crypto is rising. That is if it is either BTC, the original, so to speak. Or any cryptocurrency that is useful. As always the first 2 which I do not think will change for the forseeable future, if ever. That is BTC and ETH. While it is beyond me that BTC has popped the 40k virgin mark. At the same time, with high transactions fees and the speed of a turtle. The only real reason why, is because it was the first well known one to make the rounds. I give it that. But that is all I give it. Do I own some? You bet. However it doesn't get me excited because basically all of BTC is either parked or sold for profit and then parked again. ETH has high gas fees. Other than that it is nice to see it going to levels previously unknown.
What gets my drawers all up in a twist is that a cryptocurrency, that is better and more secure than BTC, yet due to not having as much popularity, due to it being 100% decentralized and no company with advertising dollars to back it. That being Digibyte. It has everything you could want in the use case scenario department for the most part, secure, fast transactions, low transaction fees, soore of value and a great , helpful online community. It just bugs me that it deserves so much more attention.
Now look at XRP. Getting sued, took a big dump. It is not mineable and the fact that the founding company would release XRP whenever the hell they wanted to pretty much. It should not even be in the top 3. Maybe i am just mad that i had bought a bunch before the lawsuit came out. At least I am honest. Buy here you got DGB with so much going for it! Nice to see it rising. I am in long term.
The 14 day RSI indicator is at 61. SO in my opinion we have a little rise to go before any of them fine young Turkish citizens take their profit and then buy again. Go ahead if you need to. I would just love to see the masses promote Digibyte because it is the shiz in crypto yet not everyone knows it and everyone HODL it. Park it. SIt on it! Let everyone get some and the value rise to prices of the most unknown levels. Then we can buy stuff, trade, and most importantly use it! THat is what it was made for! TO USE!!!!!!!
Not to mention REN wrapped DGB should be coming as in listed on renbridge soon. I know soon in crypto means, many months or longer but soon! PLUS< if you did not hear. digibyte is almost done with their 60 second miner. Like digiybtes version of Ron Popelle, set it in forget it. You want juicy coins while you sleep! BOOM< 60 second mining coming to DGB.
i see long DGB 5 cents! take some profits to 3 cents. then to notches unknown. no i was not drinking much while typing this. or any less. YMMV!
happy new year all 2021
Sell the XRP ,Buy the DGB! Digibyte Could Eventually Take 3rd XRP is dumping. Coinbase is stopping XRP trading middle of January. At least giving HODLER's time to dump. Take that cash and buy a real crypto that has real technical value, which is Digibyte. What happened to XRP will never happen to Digibyte. DGB is mined by 5 ALGOS. Not handed out when the founders feel like it, which is XRP. Nothing wrong with DGB it just has to be out in the public's eyes more is all.
DGB Digibyte Coin Flip - Heads Up & Away - Tails Down & SidewaysIf Bitcoin continues to be bullish, which that should happen unless investors take profits to start a new year. XRP continues to slide and investors cash out of their and into a real currency being Digibyte. Hey XRP downfall could be Digibyte HODLERS good flipping news. Time will tell so its a coin flip. Tails I see staying slightly under .03 and heads well depends how long a time frame but i easily see .04 and maybe touching .05 . If they get the RENDGB up and listed plus some DEFI places to stake the asset, we could be up to the .10 by March 2021.
Digibyte Long ~ Short Term to .027 Then Up to .03 After New YearDigibyte Long ~ Short Term to .027 Then Up to .03 After New Year! Really I do not see why all the institutional investors are hitting BTC. Oh that's right their greedy! THey do not care about the technology! They care that its up in the prices not affordable for most area but who cares how long a single transaction takes. If they see the light, just think to yourself where DGB will be! With all its positive uses and fast transaction speed. It is a no brainer. Too bad the whole world buys into hype. Buy DGB and at least it has the tech to actually be useful in many areas!!!
DGB long term targetsasset with a history of violent movement in between supports and resistances;
200+ days accumulation range;
targets are historical closes and the 61.8% retrace from ATH;
important to move stop loss and keep risk to reward under control
EW: DigiByte Is Coming Nicely Lower Into Projected SupportHello traders!
Despite the fact that BTC made strong and impulsive rally, it was mainly because of BTC.Dominance, but most of ALTcoins remain quite weak.
As expected already 2 months ago, DigiByte is coming nicely lower within wave "c", which should be made by a five-wave cycle and it seems to be unfiished. So, keep an eye on projceted support in the 0.015 - 0.010 area, where a bigger a-b-c correction may come to an end.
Trade smart!
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
