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DGBUSD trade ideas

Three Scenarios for DGB - Monthly Log ChartScenario A: The price stays in the ascending wedge and goes on a journey that yields impressive gains. Scenario B: The price violates the blue support by falling to an arbitrary point before venturing on another rally. Scenario C: The price breaks down out of the ascending wedge and plummets to the floor (red support). It seems logical to imagine multiple scenarios and to be ready to adopt the one that the market chooses. At this point in the game, I'm neutral. This is not investment advice. Final comment: I will post some technical indicators on the monthly chart which support Scenario C.
BITTREX:DGBUSD
by crypto_gunther
The Next Stop for DGB: $0.00796430 Observe how the 50 and 200 day exponential moving averages are about to cross (green & purple). If this happens, chalk it up as another death cross. The first already occurred between the 50 and 200 day weighted moving averages. These are very bearish signals to pay attention to! Bitcoin is headed to $6,000 which will drive the price of DGB down. Notice the cracked base at $.02148. The next stop is $0.00796430. I expect a nice bounce from this price. However, I don't think that bounce will exceed the previous base at $.02148. Though, I could be wrong. These are my opinions. Please do not construe this as investment advice.
BITTREX:DGBUSDShort
by crypto_gunther
5
How to Grow $10,000 into $26,000,000 with DigibyteFirst and foremost, this is not investment advice. Do your own research before investing into Digibyte or any other digital asset. Always perform a risk assessment and use capital management before entering into any trade! This is a long term trade for those with much patience. This post does not consider time. Rather, it is intended to show the direction of price action over the long haul. This idea is valid if and only if these conditions are satisfied: 1. Bitcoin tanks to $1,100 during this market crash 2. Digibyte plays follow the leader by holding hands with Bitcoin as it descends to the bottom 3. DGB falls in a similar fashion to its rise 4. The price of DGB reaches $0.00015336 in its descent 5. DGB goes on a massive bull run to the 2.618 Fibonacci level This is my personal game plan. I share this for the benefit of others. I welcome your constructive criticism and feedback. Finally, it is important to understand that this scenario may or may not happen. Do not put your trust in my ideas . Instead, conduct your own due diligence and invest according to your risk appetite.
BITTREX:DGBUSD
by crypto_gunther
5
DGB Descends to the Floor ScenarioThis idea is valid if and only if these conditions are satisfied: 1. Bitcoin descends to $1,175 during this market crash 2. DGB sellers capitulate with strong sell volume 3. A death cross occurs between the 50 and 200 day smooth moving average 4. DGB breaks downward from the upper ascending triangle 5. DGB breaks the blue support I am not saying that this scenario will happen. This is being posted as an experiment to see how the price behaves. This can be used to evaluate risk especially during a bearish market. Rest assured, if the price drops to these levels, I'll fill my bags to the brim. The smart play is to accumulate at these levels and hold long term. Lastly, a massive bullish impulse wave would follow a correction of this magnitude. This isn't investment advice. Trade at your own risk. Fun fact: A buyer can purchase 12,815,994 Digibytes with a $4,000 investment if the price drops to $.0003196!!
BITTREX:DGBUSDShort
by crypto_gunther
DGB Ascending TrianglesAs is true with all alt coins, DGB is a slave to Bitcoin with respect to price movements. If the price of BTC continues to get slaughtered then expect severe capitulation for DGB. It is important to keep everything in perspective. In my opinion, Digibyte is the absolute best UTXO blockchain in the world for these reasons: 1. Scalability a. Block size doubles every two years b. 280,000 transactions per second by 2035 2. Speed and Volume a. 15 second blocks b. 560 transactions per second (doubles every two years) 3. Security a. 5 mining algorithms b. Digishield and Multishield c. 51% attack resistant 4. Decentralization a. 200,000 + nodes b. Global c. Open source project 5. Transaction fees a. 2,000 transactions for < $.01 (super important) That being said, today's price of DGB has nothing to do with fundamentals. It follows the movements of Bitcoin. Therefore, be psychologically ready for downward movement should Bitcoin continue to tank in value. Conclusion: Accumulate on a support line. Buy in pieces, if you so desire, since we don't know the exact bottom. DGB will rise in the future but we can't expect that in a bearish market. This post isn't investment advice.
BITTREX:DGBUSDShort
by crypto_gunther
2