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DigiByte

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DGBUSD trade ideas

Digibyte - A Bullish TrendHello and thank you for checking out my charts. Although most of my money is invested in the larger market cap. cryptos I do own quite a few other smaller market cap. cryptos also. One of the small cap. cryptos that I am very bullish on is Digibyte. In my opinion, it has been one of the strongest cryptocurrencies as of late, it has shown strength even when many other cryptos were falling, including Bitcoin. I like the price chart which shows that DGB has been in a consolidating trading channel for about six months. To be honest I have no idea how long DGB will continue to trade in the channel, at this point I really don't care as I consider my position in DGB to be a very long-term position (years). I have been adding and will continue to add to my position especially on any pullbacks, ultimately I am looking at a minimum position size of 50,000 to 100,000 depending on future purchase prices. In my opinion, DGB looks even better when compared to Bitcoin (see chart below), DGB is forming an upward sloping symmetrical triangle and has just pushed above what I see as a pretty strong resistance zone that extends from around .00000500 up to .00000600.
BITTREX:DGBUSDLong
by Bigsky_Crypto
5
DigiByte Key Support/ResistanceOn the 6th of November, DigiByte did hit the low at $0.022, where it rejected the 88.6% Fibonacci retracement level. Since then price price went down again, producing spikes below the previous low. However no clear break and close below has been established by DGB. The interesting fact is that DGB/USD is once again tested this level yesterday, and it has been rejected cleanly. Nevertheless, there is also a resistance established at $0.032, where the downtrend trendline has been rejected. If the support will hold and price will break and close above the $0.038, the change in trend could take place, where DigiGyte could produce a new all-time high. The very strong resistance is seen at $0.185 area, confirmed by the two Fibonacci retracement levels. On the downside, it seem that break and close below $0.016 could invalidate the potential reversal and the downside pressure would become much more obvious.
BITTREX:DGBUSDLong
by CryptoPAMM
DGB stares down the bear.. ETC, XBT, ADA, LTC, ETH, DASH runDGB holding up really well...at least in relation to the rest of the market....for now. Interesting to see how it plays out going forward. Just wanted to post a comparison... DGB fell harder than most 2 days ago, but since, has held it's ground among the best of cryptocurrencies. Up 17% since the June 24 low. ETC did well also, until the last few hours. The others, XBT (BTC) , ADA, LTC, ETH, DASH have faltered...almost as far as their previous June 24 lows, especially for DASH. Thought it was interesting...whether you'd like to trade a stronger coin, or more of an oversold one. Personally, especially with the divergence on the indicators, I'm adding some DGB here...some for the hodl account. In order from best to worst on the chart.... Digibyte, Ethereum Classic, Bitcoin, Cardano, Litecoin, Ethereum, Dash Travis JMJ - UIOGD
BITTREX:DGBUSDLong
by Procinctu
Updated analysis on DGB/new trendlinesMy last charts were using Poloniex, this is Bittrex's chart. Thought I'd try it out. I noticed we might be in a rising channel, though current market sentiment is weak we could be seeing a small bounce upward off of my trendline. If it falls through, green lines as support. red lines are resistance, purple lines are one or the other. Blue line shows equilibrium pattern, so a bearish break out of that could mean bad news for bulls, good news for bears. I'll buy more for sure if it drops. My target still remains at ~1.00 between EOY and July '19.
BITTREX:DGBUSD
by jbutler7