(See my old idea with the other alternative channel option as well) As much as I'd like to see Digibyte bounce here and slowly climb along the edge of the top parallel channel, I'm just not seeing the volume that warrants a lift. What I have learned is that what we want to see is less likely to happen than what we actually end up seeing happen. BTC is still...
Log chart of DGB/USD mapped in a parallel channel with time based fibonacci markers. You can see that DGB is at a pivotal point. Shifts in momentum and direction happen shortly AFTER the fibonacci markers. Thus indicating another 3 or so months of consolidation and accumulation before ushering in a change of direction in December 2019/January 2020. Based on a...
While BTC makes up its mind this year I believe alts will do some more accumulation and consolidation before they make heavy gains against BTC. Also, October timeframe is interesting as that is the last month for U.S. IRS tax extensions to be paid. Everybody who was going to sell should have already sold. Those who have been buying from those sellers should have...
Expanding upon my last long term idea, DGB/BTC looks great on the monthly. You can see it is forming a larger ascending triangle. There have usually been 1-2 months of green candles, followed by 1-2 months of red candles. The next month could be red or green, but then followed by one last red IMO. After that, all systems go. There is a lot of talk about BTC going...
BTC is doing well right now at least for the short term. I expect it will consolidate and make another decent move up in the coming days/week(s). So, alts should be a relatively safe bet during this time. Love DGB, and it is currently painting a bull flag. Let the RSI cool off for another day or so and then enter. Working off the length of the pole, target would...
Zoomed in version of my previous idea, "Realistic Road Map Until EOY". It appears DGB/BTC has started wave 1 and could be nearing completion while gearing up for a slight corrective wave 2 before continuing the trend up. Digibyte has a lot of potential not just technically in the charts but also fundamentally being the fastest UTXO chain (yes, faster than...
This sort of goes along with the feel of my earlier Digibyte analysis...(Which by the way is an awesome coin, with a lot of potential technically and fundamentally. See my old analysis for details.) 1. Tip For Investing In Cryptocurrencies Before I get started on my analysis, here is a tip... Keep a clear head while investing/trading in crypto. Don't shout...
I'm seeing a lot of TA's right now that call for exuberant highs and unrealistic lows. It's sort of bothering me so I want to post this as a reminder for others to be mindful of not getting too wrapped up in the hype or FUD. You can have conservative markers (both long or short) and still make a ton of money in this space. So, with that being said, let's rid...
Today's BTC movement unfortunately derailed DGB from the nice trend line it was forming. But, no need to fret, it appears that we are simply undergoing a Symmetrical Triangle Correction before starting wave 3. Wave 3 should be a nice impulse move, so if you are holding, keep holding, and if you are looking for an entry, I would wait for confirmation of a breakout...
This is the potential wave count I'm currently eyeing for DGB. Barring any further correction from BTC, I expect to see DGB hit roughly 1000 sats for wave 3 before a slight corrective 4th wave and finish off around 1500+ sats for the final 5th wave.
This could very well be the massive correction we all knew would inevitably come. Just a thought, but check the chart, it says it all. Also, go back and look at the 2013-2014 correction. It's a very similar fractal that could be playing out right now. If this is truly happening, I'm hoping the accumulation period for BTC wont take as long as it did after the 2013...
DGB/BTC has confirmed bullish movement after correcting for several months. Right now it is forming a potential massive cup and handle pattern. Cup brim target ~415 sats, with a possible .5 or .618 fib retracement to form the handle's base (~290 or~250) before the heavy price action really begins. If it were to complete this pattern and break out above 415 sats I...
I have been holding this coin since the ICO. It has had weird price action this year against the dollar and has been in a downtrend against BTC for several months. Looks like it finally found the bottom of this falling wedge and broke out. I would wait for a pullback to support and then enter. I would correlate your entry with a BTC high which could happen in the...
Still have a target for ~.00096. If you take a look at the chart, Vert broke out of a triangle, rallied, fell back onto the triangle, bounced, fell back to support at the .5 fib and is slowly keeping in this bullish channel. It could bounce around here for a few hours/day or so, but this is a crucial spot. It needs to find firm support and move towards the .786...
Storj had a breakout this morning. Just watching this one for now. If it completes a 3rd and 4th wave, I might try to ride the 5th wave to the top. I don't want to be in too many alts this upcoming weekend with a potential drop due to the CME launching futures trading for BTC.
Siacoin is one that I have been watching closely lately. I missed the initial breakout but plan on entering to ride the 5th and final impulse move of this recent pump. The risk to reward ratio isn't as sexy on this trade so have your stops ready. Entry - ~85-87 TP - ~130
VERT/BTC has been in a downtrend since the last major run up but has been consolidating nicely towards the bottom of a descending triangle. Volume has also been picking up over the past few days and it appears to be forming a nice cup and handle. This is a recipe for a potential breakout for another huge run. Great fundamentals for the coin as well. Nice...
Vert seems to be creating a nice cup and handle formation. Volume has been picking up nicely over the past few days. Great fundamentals for the coin as well. Nice opportunity overall, long term bullish. I am expecting a test of recent ATH around .00092, before a slight retrace before it continues the trend upwards. Possible 67% profit. As always before placing a...