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DGBUSDT trade ideas

DigiByte, Altcoins Market & New All-Time High (2125% Or 7327%?)I was looking at DigiByte trying to figure out how things are going to play-out in 2025. New All-Time High or no new All-Time High? We know that the big wave happens every four years. Some Altcoins made an exception and grew exceeding well last year but these are the exception and not the rule. The majority of Crypto produced a small "recovery wave" in the year 2023 leading into early 2024, and then we had a massive correction. We are back in the "accumulation zone" for most Altcoins, DigiByte (DGBUSDT) is no exception. These are amazing prices right for long-term growth. For DigiByte —we will continue with the Altcoins in general in a different article— we have some mixed "feelings." No, actually, we have some mixed signals. Yes! Signals, is the right word. Ok. The major low after the bear-market came in June 2023. Good. The recovery wave correction that started in April 2024 ended up producing a lower low on a wick last month, August 2024. Here is the mix, the session that produced the lower low closed higher than in June 2023. So we have a lower low based on candle wick but a higher low based on candle close. The close is more important than the wick but both are of relevance for TA and for making future projections. This means that we need to consider both possibilities; A scenario where DGBUSDT peaks near the last ATH, can be below or above it, and another one where it hits a new strong All-Time High. The first scenario, we could see DGBUSDT grow to around 0.14275 for 2,125%. Due to monetary expansion and all that, money changed a lot since 2021, it could go to ATH around 0.184 and even a bit higher and this would still count as a double-top based on technical analysis. Total growth would amount to ~2,800%. The truth is that DigiByte is not a heavy project, based on its market capitalization, but it is indeed a strong project, based on its fundamentals (developers, community, structure, etc.). This means that a strong bull-market can easily reach a new ATH, specially if we get friendly regulations and favorable socio-political market dynamics. Growth potential for this second scenario and a very strong new All-Time High would amount to 7,327% with a price tag 0.4817. Seems a bit high right now... Whatever happens in 2025 and regardless of how high the market goes, what we know for certain is that Cryptocurrency will be really strong. Stable, reputable, trusted and solid projects will shine and we will not be caught by surprise. Thank you for reading. Namaste.
Long
by AlanSantana
5
DigiByte (DGB)On the above 5-day chart price action has corrected 95% since a sell signal in April 2021. A number of reasons now exist to be long.. 1) You know why. 2) Price action and RSI resistance breakouts. 3) Strong positive divergence between the oscillators and price action. This divergence is measured over 100 days. 4) Price action finds support on the golden ratio following the breakout. Is it possible for price action to fall further? Sure. Is it probable? No. Ww Type: Trade Risk: <= 6% Timeframe to open: Now - don’t hang around. Return: no idea
Long
by without_worries
13
Dgbusdt potential x3 tradeDgbusdt has concluded a significant downtrend, transitioning with an Inverse Head and Shoulders pattern. Presently, the price has achieved a crucial breakthrough above a key downtrend trendline, suggesting a sustained bullish trajectory. The area corresponding to the right shoulder offers an advantageous opportunity for purchasing and replenishing the coin. Projected targets have been shown on the charts, along with the final setup target region to consider. Your comments are valued and appreciated.
Long
by weslad
3
DigiByte (DGB)DigiByte is an open source blockchain and asset creation platform and the DGB token was mined as a fork of Bitcoin. DigiByte consists of three layers: a smart contract “App Store,” a public ledger and the core protocol featuring nodes communicating to relay transactions. Anyway, it is clear that DGB was in a descendig channel/trend. After DGB broke the major downtrend line, it came down to retest the lowest low two more times; thus creating a tripple bottom. Then, DGB broke the minor downtrend line and the upward phase started.
Long
by SaeedSalehinia
005. More evidence of multidimensional market structureWith this video I intend to close my argumentation of a multidimensional market structure Tools that casts Fibonacci shadows and limits on price movements can be plotted in so many places! Where to plot them?! This is a common doubt traders have. When we gain experience from market we understand it doesn´t matter. Price will eventualy hit the targets of a chosen set up - if the trend alows it! This proves my point that there is in fact many more axis of information beyond price movements, and although they cannot be plotted in a 3D chart, we can get those extra dimensionals And here comes indicators: This indicator you see is called 'DTM DETONATOR B', really, the best tool I have found to this day. As it dissects through several extra dimensions of price structure, we can forsee direction changes of price trend This indicator can be found as a paid indicator through the link in my profile and it is free if you sign up to the trading course I have personaly attended to the the Day Trade Masters couse, definately the best trading course you will find out there as will you leart how to master this increadible tool too, the Detonator. If you found this information useful, be kind to use my referal link above, thank you!
by CCCLopes
004. After many years of search and research, I understoodAfter consulting with experts on fields of math and physics, I wanted to know if there is some kind of mathematical transformation to get those information out of the price movements To be clear, although we observe a point or a line on a two-dimensional (2D) graph, these elements may be projections or sections of more complex forms in three-dimensional (3D) spaces or even higher dimensions. This perspective can be very useful where transformations and representations in higher dimensions provide insights that are not visible in lower-dimensional projections Fields of knowledge like multidimensional data and differential geometry can help us As these areas of mathematics provide the basic tools for working with spaces of various dimensions, including transformations such as rotations, translations, and scaling. These transformations help to understand how lower-dimensional objects (like points and lines in 2D) might be representations of objects in higher-dimensional spaces In multivariate analysis, for exemple, it deals with data that have multiple dimensions (variables). For example, principal component analysis (PCA) can be used to reduce the dimensionality of a dataset, identifying the directions (principal components) that capture the most variance in the data. These components can be visualized as new dimensions that provide insights into the underlying structure of the data And finally, data visualization, our main goal here, to plot representation of multidimensional data in a way that allows us to capture additional information The answer lies on... INDICATORS. Indicators can serve as multidimensional information that plots extra-dimensions for us in a 2D form. As an exemple, here is an incredible indicator that plots A LOT of extra-dimensions. Note that the data set indicated by the arrow goes up, almost together with the data set indicated by the blue arrow. And this happens when price goes down or remain almost stable. And although those indicators show a down trend, they can represent a going toward the computer screen, and when those indicators plot a upward trend, we can understand the price is coming foward to us from the computer screen. Because is impossible (yet) to have a 3D screen in front of us, we must dissect the 3D information in many 2D plots and interpret them The vertical red doted lines '1', '2' and '3' shows the points of divergence between price movements and the indicators
by CCCLopes
002. Price movements are multidimensional in natureHere you can have an idea of what I´m talking about: That price movements are multidimensional in nature Although this may be kind of obvious to some, if we could just unlock those movements that are coming from the screen, or are coming in the direction of the screen, maybe this hidden information could help in trading? In this description of the DGB price movements, we can project the graph inside a 3D cube, but as a projection, we are plotted in 2D
by CCCLopes
1
DGB Illuminating the Path: Get In on the Buy Action Today!DigiByte (DGB) in a Nutshell (as of April 2, 2024) What is it? DigiByte (DGB) is an open-source blockchain platform launched in 2014. It aims to be a secure, fast, and scalable alternative to Bitcoin. Like Bitcoin, it uses a proof-of-work mining system, but with a twist: DigiByte utilizes five different algorithms to make mining more decentralized and secure. Recent News There's been a significant rise in trading volume for DGB over the past day (over 350% increase). This suggests increased activity and potential interest in the coin. Fundamental Strengths Faster Transactions: DigiByte boasts faster transaction speeds compared to Bitcoin, with confirmations happening in around 15 seconds. Enhanced Security: The use of multiple mining algorithms aims to strengthen security and prevent centralization. Open-Source: Being open-source allows for transparency and community development. Disclaimer I am not a financial advisor. This information is for educational purposes only and should not be considered financial advice. Please do your own research before making any investment decisions.
Long
by MoonTradingForecast
✴️ DigiByte Ultra-Bullish Q1/Q2 2024 (1,145%+ Growth Potential)The true consolidation range for DigiByte starts June 2022, here I am counting only from November 2022 which is more than a year long. This is how to trade/approach the market if you are a whale. More than 1.5 years (18 months) of sideways/consolidation before the major bullish wave. At this point you can build any type of position so liquidity is not a problem on any exchange. When the pair starts to move, liquidity is always good. 👉 The initial wave can easily go beyond 350%, this can happen within weeks or maximum 3 months. The medium-term can be even better. Bitcoin will hit its new All-Time High in 2025 after a very good year in 2024 but the Altcoins, many of them because it varies, will peak/hit new All-Time Highs in 2024. So the potential is extremely good for this and others bottomed out pairs. If you are reading this now you have great timing, if your focus is long-term. Thank you for reading. I am always sending you positive vibes and wishing for you the best. Namaste.
Long
by AlanSantana
5