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DGB/BTC - Realistic Road Map Until EOYI'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 ourselves of "observational only" or emotional outlooks and take a closer look at what could realistically happen. After all, the purpose of TA is to help weigh out the probabilities in real time for the most likely outcome so we can plan trades accordingly and find good entries and exits as well as prevent any panic or greed. This is something that I am still reminding myself of daily and want to encourage other traders out there to keep a healthy perspective so you can make wise moves in this volatile market. The way I am seeing things currently: We found our bottom at 80ish sats and started the first Elliot wave up. The Bitcoin correction fast tracked wave 2 down and we came to test 220ish sats. We then bounced from there out of a falling wedge for a little sideways action and bounced again to create a new higher low and establish a legitimate trend line with 3 solid points to use as a guide. Now, consider major resistances. Look back at the first cycle and then look at the ATH of wave 1 of this current cycle and compare the two. There is strong resistance at 830 sats. If Bitcoin truly has found a bottom here, then I do expect alts to recover significantly alongside BTC, with DGB being one of the major benefactors and I believe FOMO will help drive the price beyond that resistance to roughly 970 sats, slightly before a 1000 sats where whales will begin to dump. I believe this will coincide with another summer correction for Bitcoin as well as alts and DGB will start the corrective 4 Elliot wave. During late summer/early fall people will probably claim crypto is dead, that the spring/early summer run up was a bull trap, and that Bitcoin is going back to the basement. "See, I told you! Bitcoin is going back to 3k, maybe lower!" they will say. I'd say don't believe them. Although it is a possibility , it does not have a high probability . Once the summer correction finally passes, the fall/winter will begin the real yearly movement for Bitcoin and alts, where everyone who held strong and believed in crypto will be rewarded with major gains. Now is just the time to be patient. If you are relying solely on other peoples TA's to make trades, my advice is to hold through the summer until the end of the year and then sell into the extended 5th wave while everything is going parabolic. That's the way I see it. Of course, this could change at a drop of the hat, but I think it is important to keep a level head each day and reassess as you move forward. Good luck to everyone!
DLong
by cryptomanna
4
Digibyte Daily Analysis Now I ain't crazy.... and I ain't a psychic... But I drew this yellow line yesterday as a potential first level of resistance if the DGB price did finally break through the 200 day moving average. And it looks like that's exactly where the price stopped today. All in all, Digibyte had a great day though. Busting above with pretty decent volume accompanying the move is an impressive showing the for the little guy. We're overbought on the RSI and DGB needs to settle down and hopefully build a little base. We have some possible support around the 3.1 cent level. The 4 hour chart looks great. The two long wicks in either direction is a pretty good sign. Hopefully we can stay range bound up here for a while. We might into a few "mini bosses" at this trend line dating back to December 2017. If we do then the price should advance to the Niceeeeee! Let's get there and deal with it when the time comes. So, I'm still a Bitcoin Maximalist but DGB is looking pretty good here. Let's see what happens! Worth a trade? You decide.
DLong
by themuzzman
DGB Cup & Handle FormationDigiByte appears to be in the latter stages of forming a large Cup & Handle pattern. Shout out to alanmasters for his breakout call on DGB on April 11. I completely agree with his post (which I’ve linked below). You will not want to miss the earnings potential on this one. It has been and is severely undervalued IMO. It’s price has struggled since its inception with extreme volatility and beatdowns, and it’s not for a lack of fundamentals. Digibyte is an OG crypto. It is the longest and fastest UTXO blockchain in the world. DGB has had a rough life. It’s been tossed around and has struggled for recognition, which puzzles me for as strong as it is fundamentally. It’s just gotten the wrong end of the stick. In June 2017, the DGB team went the infamous route of “announcing an announcement” to its price’s demise. Everyone knows announcing the announcement brings in the greedy, get-rich-quick-ers to buy the rumor and dump the news. You can go back in the chart and see the enormous pump & dump, after which DGB went into a long state of depression before bottoming out and taking a massive 5x leap in Dec 2017. Then in Jan 2017, the notorious John McAfee shilled the poor coin after an organic 5x and pumped it until it couldn’t breathe. Of course, like all pump & dumps, DGB fell sharply back to its levels pre-Mcafee shill just a week later. Then the BTC bear market struck as we watched DGB fall nearly 90% USD value from a high of 883 sats (15 cents) in Jan to a low of 226 sats (1.5 cents) in mid-March. Man, this thing has been abused! But 2018 is the year that DGB’s luck changes. We found a new higher support during the BTC bear market for DGB of 228 sats, up from the previous sell-the-news bottom of 83 sats, and DGB has been one of the first movers in this recent alt surge. This indicates to me a growing support base for DGB, and a solid community can be everything in the crypto world. As you can see in the chart, DGB broke thru its 3 month-long log resistance level (red line) on March 21, consolidated and broke thru horizontal resistance of around 290 sats on April 11. From there, it has shot up 30% in the last 72 hours, finding resistance at around 370 sats. DGB could be in the latter stages of forming a large Cup & Handle pattern. Here’s why I am bullish on a completion of the formation I have marked and mid-term target of 700 sats: \u20281) DGB has already formed a smaller cup shape at the 370 sat level from its rounded bottom and recent uptrend. It appears we may already be in the midst of a smaller C&H before the big one. It’s possible we may form multiple C&H’s on the way up to the big one’s resistance at 465 sats. 2) There is a huge horizontal support turned resistance at the 465 sat level (marked with the red circles). DGB shouldn’t have any strong resistance until then as it continues its uptrend. When it reaches the 465 level, we should see a rejection and retrace, most likely to around the 420 sat level, where there seems to be healthy temporary support, judging by the 3 support touches in early Feb. If DGB reaches 465, I expect it to be bullish enough not to retrace to a lower level such as the 374 sats. 3) DGB seems to be gaining traction with the community and building a more solid community base, as seen by the recent first-mover surge. Its longevity speaks volumes of the developer support behind it, and the speed of the blockchain presents good potential for adoption use. 4) It’s had bad luck and its luck is bound to change. Just like the Dark Horse, naysayers fuel its inevitable and untamable rally. I don't expect DGB to have any significant pullback on the way up, as it is in the midst of a bullish rally. If you are going to buy, I would look to accumulate on the pullbacks at the gray lines and ride it out to the target at the top of the handle at 700 sats. Disclaimer: This is not financial advice Please give me a like and a follow, as you guys are my fuel for posting my ideas. The Dark Horse
Long
by DRKHORS
5
Digibyte? Actually somehow still bullish here......Unlike Bitcoin, DGB somehow narrowly printed a green 1 today and we are already trading with a nice green 2 on the chart. This is exactly what you would have wanted to see out of Bitcoin today.... But, it didn't happen. DGB actually managed to pull this off and we're at least "setup" for some "bulls on parade" type action. Now let's not get too excited because if BTC does a "crap sandwich" here then chances are DGB doesn't break out. Maybe there is an outlier event, maybe some bizarre XXX site partners with them or the pending phone wallets get some approval or something. Maybe old Jared does a speech at the White House, yea.... "anything can happen.'" As ya'll certainly know. We're still flirting with this nice, long, saucer formation and that should be able to put some "umph" in the move if we do finally break out of here. We're still between this 50 and 200 day moving average. Remember this... nothing good ever really happens under either of these. It's even worse when they're descending. All and all, DGB is not in awful shape here. Wish BTC would have done the same today. Unfortunately, not the case.
D
by themuzzman
Digibyte Profit Taking! Now What?Digibyte, along with most of the cryptos that are actually acting well all had 9 counts on the TD Sequential Indicator. All in all, nothing to really worry about. Just the move was exhausted and this is where profit taking usually occurs. Literally, the exact same action as the Bitcoin chart. Which to me, is rather healthy. This is giving the overbought RSI a chance to cool down and reset, the MACD is still in great shape and have plenty of room to run. DGB actually touched the top of the Bollinger Band and this all happened in concert with the TD 9 and RSI entering overbought territory. Everything lined up perfectly for a pause in the upward movement. This is what you want to see when you decide to do any trading. You want as many indicators as possible helping to assist you in putting the probabilities in your favor. No single indicator is going to be right all the time, you have to take a 360 degree view of the whole landscape before you execute a buy or sell. If we can start to trade above 2.9 cents and close there tomorrow, then we will have a green 1. On Wednesday if we can get a green 2 then we should see some bullish action. The absolute best case for DGB is to trade above the 200 day moving average around 3.3 cents (hopefully with some decent volume and then you can buckle up for a nice move higher. Until then..... snooze fest.
D
by themuzzman
2
Digibyte Analysis. Price StallingThe Digibyte price is stalling at the 200 day moving average. It was able to briefly trade above it yesterday but was rejected. This move coincided with the same action on the BTCUSD chart at the 50 day moving average. Also happening simultaneously is the daily 9 forming on the chart while using the Tom Demark Sequential Indicator. This is usually normally the time when profit taking occurs and the recent move pauses. Totally fine for DGB to sit around for a few days and then resume the next move upwards. Still a lot of bullishness in the chart here. This smack down also puts DGBUSD back below the saucer formation breakout level that it's been flirting with. Truth be told, the longer Digibyte stalls here, the greater and stronger the move can be once it finally busts out of range. It's well above the 50 day moving average and that should be strong support if the price should get into trouble. If DGBUSD loses the 50 day moving average at around 2.5 cents, then good night nurse and you're in for some trouble. Right now, this is just normal profit taking and I'm not too concerned with it. What do you think? Please comment below.
D
by themuzzman
DigiByte (DGB) Long Term 800%+ Earnings PotentialLast year DigiByte (DGB) had two very strong bull run. The first one was incredibly, around June 2017. For the second we made huge profits, more than 7x. Now we have the chance to buy DigiByte before its next bull run. The market is getting ready, take a look at the long term chart before we start: * After some more consolidation and accumulation, you can expect DigiByte to take off. * Let's continue below... DigiByte (DGB) Trade Analysis by Alan Masters You can find my old DigiByte trade in my trading view profile. You can see the strategy we used to make up to 7x in a few short weeks. I also mentioned this coin in my "Top Altcoins for Long Term Hold" articles, because of its huge growth and profits potential. Now let's look at some of the positive signals and indicators the charts are showing us, and finally, let's take a look at the details on how to trade this coin for massive profits when it takes off strong. Let's look at bit closer at the daily chart: DigiByte (DGB) Trade Analysis by Alan Masters - We set the bottom @ 225 satoshis (0.00000225 btc) for DGB second bull run. The last high reached was 830... let's see how far up this time we go. - Yesterday, 10th March, DGB had a strong breakout. It broke and close above the resistance around the 280 satoshis level. This is a bullish signal, and if we close strong again today we will keep the 200SMA line as a strong support. - All the indicators are now bullish or trending up on the daily chart, with plenty of room left for growth shown on the MACD and RSI. - The action is yet to start on the weekly, but last week was positive and this one is having a great start. - The 4 hour charts has some very strong bullish signals. - It is wise to get ready, by buying DGB, for the next bull run. All you have to do is pretty simple... Buy & Hold this coin... Namaste. Trade instructions Buy-in: 0.00000270 - 0.00000330 Targets: (We will aim big. DGB is a very strong altcoin. This is a long term trade). MID (1) 0.00000367 (2) 0.00000456 (3) 0.00000595 (4) 0.00000694 (5) 0.00000823 LONG (1) 0.00000801 (2) 0.00001141 (3) 0.00001721 (4) 0.00002111 (5) 0.00002669 (All time high) Message: You Can Earn As Well It is can be incredibly easy to make money trading cryptocurrencies. And it can be extremely profitable if you focus on the Altcoins market. All you have to do is "buy & hold", to later sell for profits... That's all it takes. Buy when the price is low. To sell when it goes as high as it can get. It is easy to make money here... You can earn as well. Just follow these simple trades, buy & hold, and later you can sell. Make sure to secure some profits, each time you reach your target goal. Namaste.
D
by AlanSantana
146
Digibytes break out confirmed? Not yet. Digibyte has been pumped by some whales who gave a sign and the sheeps followed their signs. Due to their sign there was a massive buy by the followers of these groups and they will massively dump when Digibyte reach 349 satoshi. Be aware of these kind of 'traders'. I expect Digibyte to reach the fibonacci level when it's not dumped to much and after it will correct towards a lower fibonacci level. If it does not decrease lower than where we started we will see the third wave of Elliot and we will have a bullish trend confirmed. Peace out.
DShort
by n-cageman
8
DGB - No one is talking about itDGB is a rediculously undervalued coin from a strict FA perspective, but let's look just look at the chart: Seeing a lot of similarities from the accumulation before the previous pump. Ichi looks similar, the TK lines are flat and crossing each other on the daily. CMF, MACD, and Stoch RSI all have bullish divergences. A lot of good signs here. Buy signal on the MACD system as well. No keep in mind, last time there was a sharp drop into strong liquidity - down around 75 sats from 120-150 area - before it really took off. So I have some orders increasing in size down the book. I sold on the previous run and started buying back in under 350 sats. My largest order is very low, just in case. Fully expect DGB to break the ICHI cloud and start pushing up again. Long term resistance trend is right out in front of the price at about 275-300 sats, so watch for price to break or fail at that level within the next few days. It has been following BTC like most of the market, so if BTC drops below the support at 6500 DGB may follow it down.
by Nevermorejk