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DGBUSDT trade ideas

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, 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
4
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
Digibyte: The True Gem of Decentralized CryptoUnveiling Digibyte: The Decentralized Powerhouse of Crypto In the dynamic world of cryptocurrencies, where innovation and decentralization are prized, Digibyte stands out as a beacon of true decentralization and utility. Established in 2013 by Jared Tate, Digibyte has weathered the storms of the crypto market, emerging as a robust and resilient digital currency. Decentralization at its Core At the heart of Digibyte lies its commitment to decentralization. Unlike many cryptocurrencies that claim decentralization but often fall short due to centralizing forces, Digibyte boasts a truly decentralized network. With five mining algorithms employed to secure its blockchain, Digibyte ensures a more equitable distribution of mining power, thwarting the dominance of any single entity. This multi-algorithm approach enhances security and resilience, making the network less susceptible to 51% attacks. A Rich History and Low Fees Having been in existence for nearly a decade, Digibyte has proven its longevity and stability in the volatile crypto landscape. One of its standout features is its UTXO (Unspent Transaction Output) model, which enables fast and low-cost transactions. With fees remaining minimal, Digibyte facilitates efficient peer-to-peer transactions, making it an attractive option for both everyday users and businesses alike. The True Value of Proof of Work (PoW) and Real Use Cases In an ecosystem often dominated by speculative fervor, Digibyte shines as a cryptocurrency grounded in real-world use cases. Its Proof of Work (PoW) consensus mechanism not only ensures network security but also incentivizes active participation from miners, further bolstering decentralization. Moreover, Digibyte's emphasis on real-world utility, with applications ranging from secure payments to decentralized applications (dApps), underscores its potential for long-term viability. Charting New Horizons: The Bullish Prospects Despite facing resistance at the 0.018 level, Digibyte's price trajectory suggests the formation of a potential bull pennant. As the coin consolidates sideways, investors keenly observe the uptrend channel, anticipating a breakout above historical resistance. Should the pennant indeed break upwards, signaling a major bullish run, Digibyte could see significant price appreciation. However, prudent investors may consider potential pullbacks within the old range for strategic re-entry points. Constant Development and Community Engagement One of the hallmarks of Digibyte's success lies in its vibrant community and dedicated development team. Active on platforms like Twitter, Digibyte developers consistently engage with the community, providing updates on ongoing developments and fostering a collaborative environment. This commitment to transparency and innovation bodes well for Digibyte's continued growth and adoption. Conclusion: Digibyte - A Hidden Gem in the Crypto Universe As the crypto landscape evolves, discerning investors seek assets that embody the principles of decentralization, utility, and long-term value. Digibyte, with its robust decentralized network, low fees, and real-world use cases, epitomizes the essence of a true cryptocurrency gem. While navigating market fluctuations, Digibyte stands poised to carve its niche as a reliable and resilient digital asset, offering investors a compelling addition to their portfolios.
Long
by UnknownUnicorn2319099
Digibyte Set to Retest Major Resistance: Bull Run Ahead?In the ever-evolving world of cryptocurrencies, Digibyte (DGB) is currently making waves as it approaches a critical juncture. The coin is now testing the major resistance zone of $0.013 - $0.014, showcasing signs of potential breakthrough. This development is crucial for Digibyte enthusiasts and investors alike as it sets the stage for a possible bull run. Testing the Waters Digibyte, known for its focus on security, decentralization, and blazing-fast transaction speeds, has been steadily gaining traction in the crypto sphere. However, its recent ascent towards the resistance level of $0.013 - $0.014 has caught the attention of many traders and analysts. This zone has historically proven to be a formidable barrier for Digibyte's price action. Yet, the current uptrend has shown signs of strength, with the coin attempting to carve out a new level of major support. This scenario sets the stage for a potential breakout retest, signaling an expansion of the range and reinforcing major support levels. Consolidation and Volume Surge As Digibyte consolidates around this critical resistance level, market sentiment is on the edge. The anticipation of a breakthrough is palpable, with traders closely monitoring price movements. If Digibyte manages to decisively breach this resistance zone and sustain its momentum, it could trigger a surge in volume. Increased volume often accompanies significant price movements in the crypto market. In the case of Digibyte, a breakout above the $0.013 - $0.014 range could attract a substantial influx of buyers, propelling the coin into a full-fledged bull run. Implications for Investors For investors eyeing Digibyte, the current scenario presents both opportunities and challenges. A successful breakout above the resistance zone could validate the bullish thesis, potentially unlocking further upside potential. However, failure to breach this level convincingly could result in a period of consolidation or even a temporary pullback. Nevertheless, the underlying fundamentals of Digibyte remain robust, backed by its unique features and strong community support. Whether the coin manages to overcome the current hurdle or faces a setback, its long-term prospects remain promising. Final Thoughts As Digibyte tests the major resistance level of $0.013 - $0.014 and seeks to establish a new level of major support, the crypto market is poised for a significant move. The outcome of this critical juncture will not only shape Digibyte's near-term price action but could also set the stage for a broader market trend. With the potential for a breakout retest and a surge in volume, Digibyte stands at a pivotal moment in its journey. For traders and investors, staying vigilant and closely monitoring price developments will be key to navigating this dynamic market environment.
Long
by UnknownUnicorn2319099