Dgbusd
update-cup and handleI have identified potential resistance levels based on multiple trends and percentage growth histories. This is my opinion not investment advice.
If you missed our first HUNT, you may want to check this!DigiByte/Dollar
New trading suggestion:
*The price is in a range bound and we forecast the uptrend would resume.
*If you missed our first HUNT, you have a second chance to buy above suggested support line (0.037).
Entry signal:
Signal to enter the market occurs when the price comes to "Support line" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
Trade Setup:
We opened 8 BUY trade(s) @ 0.02017274(day close price) based on the reversal candle ( Hammer ) at 03.18.2018.
Total Profit: 13481860
Closed trade(s): 5648178 Profit
Open trade(s): 10395255 Profit
Closed Profit:
TP1 @ 0.031 touched at 04.13.2018 with 1082726 Profit.
TP2 @ 0.037 touched at 04.20.2018 with 1682726 Profit.
TP3 @ 0.049 touched at 05.03.2018 with 2882726 Profit.
1082726 + 1682726 + 2882726 = 5648178
Open Profit:
Profit for one trade is 0.04096325(current price) -0.02017274(open price) = 2079051
5 trade(s) still open, therefore total profit for open trade(s) is 2079051 x 5 = 10395255
All SLs moved to Break-even point.
Take Profits:
TP4= @ 0.068
TP5= @ 0.089
TP6= @ 0.109
TP7= @ 0.136
TP8= Free
Technical analysis:
DigiByte/Dollar is in a range bound and Resumption of up trend is expected.
The price is below the 21-Day WEMA which acts as a dynamic resistance.
The RSI is at 51.
If you missed our first HUNT, you may want to check this!DigiByte/Dollar
New trading suggestion:
*The price is in a range bound and we forecast the uptrend would resume.
*If you missed our first HUNT, you have a second chance to buy above suggested support line (0.037).
Entry signal:
Signal to enter the market occurs when the price comes to "Support line" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
Trade Setup:
We opened 8 BUY trade(s) @ 0.02017274(day close price) based on the reversal candle ( Hammer ) at 03.18.2018.
Total Profit: 13481860
Closed trade(s): 5648178 Profit
Open trade(s): 10395255 Profit
Closed Profit:
TP1 @ 0.031 touched at 04.13.2018 with 1082726 Profit.
TP2 @ 0.037 touched at 04.20.2018 with 1682726 Profit.
TP3 @ 0.049 touched at 05.03.2018 with 2882726 Profit.
1082726 + 1682726 + 2882726 = 5648178
Open Profit:
Profit for one trade is 0.04096325(current price) -0.02017274(open price) = 2079051
5 trade(s) still open, therefore total profit for open trade(s) is 2079051 x 5 = 10395255
All SLs moved to Break-even point.
Take Profits:
TP4= @ 0.068
TP5= @ 0.089
TP6= @ 0.109
TP7= @ 0.136
TP8= Free
Technical analysis:
DigiByte/Dollar is in a range bound and Resumption of up trend is expected.
The price is below the 21-Day WEMA which acts as a dynamic resistance.
The RSI is at 51.
DGB PROJECTED TARGET AREAdigibyte will rise. it has long been overlooked, and underestimated.
should break out of the trading range with some real force
Digibyte is on fire, most decentralised most long-term potentialWhat makes DigiByte More Secure?
Global Decentralization
The DigiByte blockchain is spread over a 200,000+ servers, computers, phones, and nodes worldwide.
5 Mining Algorithms
DigiByte uses five secure and advanced cryptographic mining algorithms to prevent mining centralization compared to single algorithm blockchains.
Advanced Difficulty Stability
Difficulty adjustments protect a blockchain from several forms of malicious attacks. By creating and implementing DigiShield & MultiShield, DigiByte has the most advanced difficulty stability of any blockchain in the world today.
What makes DigiByte Faster?
15 Second Blocks
DigiByte has the fastest block speed of any public UTXO blockchain in the world today with 15 second block timings.
Early SegWit Implementation
Segregated witness allows for several innovations to occur on top of the DigiByte blockchain such as cross chain transactions and single confirmation transactions.
Blockchain Rigidity
DigiByte transactions, unlike other transactions on other blockchains, are limited in size and scope to increase speed, efficiency, and throughput. Most importantly this maintains security.
What makes DigiByte Forward Thinking?
Cybersecurity
DigiByte Blockchain technology can be leveraged and applied to applications, fixing 90% of the most common vulnerabilities affecting the internet today.
IOT Devices
The future of DigiByte includes the focus of applying DigiByte security to IOT devices and services that require robust communications.
Artificial Inteligence
By combining advancements in DigiByte Blockchain technology with artificial intelligence, we are exploring new innovations in automation and data analysis.
digibyte/usd - J-curve formation and cup&handle patterndigibyte/usd - J-curve formation and cup&handle pattern
One of the sexiest things I ever did see. DGB on the weekly. Nearing resistance line from bottom of previous trendline, but MACD on weekly looks poised for something extra spicy. No bull crosses yet, it may yet bounce down, but momentum seems to be picking up so I'm optimistic with the recent gains happening up around here. Daily RSI looks a little overbought, but zooming out to keep things in perspective. This channel looks to top out around .25-.28. If and/or when it gets there I do not know, but I'll be enjoyin the ride up for sure, and buying more on the way down!
DGB is going to draw (ABCD) patterndgb will fall first around 440 to get c point after this correction it will rise up to D point Around D....
DGB/BTC - Trajectory Towards SummerZoomed 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 Bitcoin), so this is a coin I will be monitoring heavily over the coming months.
DGB - BullishDGB - looking to retest local high with Elliott Wave showing potential targets along the way. Lot of good energy in the Digibyte space as of lately. Good fundamentals. Digi ID in beta testing and hardfork in June could provide as catalysts for upward momentum.
DGBUSD , DigiByte would probably begin a new uptrend !!DIGIBYTE/DOLLAR
Technical analysis:
DigiByte/Dollar is in a range bound and Beginning of up trend is expected.
The price is below the 21-Day WEMA which acts as a dynamic resistance.
The RSI is at 39.
Trading suggestion:
*The price is in a range bound, but we forecast the uptrend would begin.
*Price is in the Buy Zone (0.023 to 0.011), we would set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.023)
Ending of entry zone (0.011)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.031
TP2= @ 0.037
TP3= @ 0.049
TP4= @ 0.068
TP5= @ 0.089
TP6= @ 0.109
TP7= @ 0.136
TP8= Free
We will soon see an opportunity to buy in DGBUSD . Be ready!Technical analysis:
DIGIBYTE/DOLLAR is in a downtrend and Beginning of up trend is expected.
The price is below the 21-Day WEMA which acts as a dynamic resistance.
The RSI is at 37.
Trading suggestion:
.The price is still in a downtrend in the market, but we forecast the uptrend would begin.
.There is possibility of temporary retracement to suggested support zone (0.023 to 0.008), if so, traders can set orders based on
Price Action and expect to reach short-term targets.
. Beginning of entry zone (0.023)
. Ending of entry zone (0.008)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!)
Take Profits:
TP1= @ 0.037
TP2= @ 0.049
TP3= @ 0.068
TP4= @ 0.085
TP5= @ 0.109
TP6= @ 0.136
TP7= Free
DGBUSD , weekly update:Total profit 6764220 in 27 days.!DigiByte/Dollar
New trading suggestion:
*The price is in a range bound, but we forecast the uptrend would begin.
*There is still possibility of temporary retracement to suggested support zone (0.023 to 0.011), if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.023)
Ending of entry zone (0.011)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Trade Setup:
We opened 8 BUY trade(s) @ 0.02017274(day close price) based on the reversal candle (Hammer) at 03.18.2018.
Total Profit: 6764220
Closed trade(s): 1082726 Profit
Open trade(s): 5681494 Profit
Closed Profit:
TP1 @ 0.031 touched at 04.13.2018 with 1082726 Profit.
Open Profit:
Profit for one trade is 0.02828916(current price) -0.02017274(open price) = 811642
7 trade(s) still open, therefore total profit for open trade(s) is 811642 x 7 = 5681494
All SLs moved to Break-even point.
Take Profits:
TP2= @ 0.037
TP3= @ 0.049
TP4= @ 0.068
TP5= @ 0.089
TP6= @ 0.109
TP7= @ 0.136
TP8= Free
Technical analysis:
DigiByte/Dollar is in a range bound and Beginning of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 64.
BTC/USD - Probable Pathway Into The Summer, Fall, Etc.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 moon or doom and don't get trapped in the echo chambers of Trading View, Reddit, Twitter, etc. Pull your head out every now and again. Zoom out. Keep yourself calm and collected. Control your emotions. Trade what you are seeing in the charts, not what you are feeling in your heart.
2. The Analysis
Ask yourself an important question first and foremost. Do you really believe that Bitcoin could provide a global storehouse of wealth for the entire world to come over the next several years? If your answer to that is yes, then rest assured that the price trajectory for Bitcoin is up. (If your answer is no, then you are probably looking for further opportunities to short, the time for which has already passed in my opinion until possibly the end of summer.)
So, to get to the point, this is what I see...
I see Bitcoin potentially forming a cup and handle right now. The finishing of the cup would provide a triple top for Bitcoin around 11,200 - 11,400. At that point, I believe Bitcoin won't be able to make it through in one push, and will correct slightly to form the handle of the cup (and test the support currently building around 9k) before trying again for that top, where it will ultimately break through. Taking into consideration the height of the cup (basin to the top) and placing that height into the basin of the handle, the total length would eventually take Bitcoin to roughly 14k. Here at this point I think a lot of sellers will come out of the woodwork to take profits to pay taxes for the extensions they filed which are due in October (15th), as well as those who had bad entries earlier in Bitcoin just trying to break even as they now fear from this past brutal correction that this is a potential bubble and do not ultimately believe in the technology.
This correction could last through the end of the summer and into the fall, and depending on the severity of panic (people again doubting their investment and believing Bitcoin is on its way back to 3k for sure this time) could test the 1st or 2nd trend line. My primary count would be a correction to the 1st trend line, but again, taking into account the amount of FUD that currently exists in this market, I would not be surprised or even flinch at seeing it test the 2nd one after a brief bounce off the 1st. Ultimately, my trading plan for the year sees Bitcoin returning to all time highs, if at very least testing close to it. Of course, do your own research, try charting your own course. These are just my own personal thoughts and interpretations from what I am currently seeing in the charts. Take them with for what they are worth and take them with a grain of salt.
3. What Does This Mean For Digibyte?
Taking into consideration my previous analysis and the conservative approach to the satoshi value of Digibyte mid-summer, let's assume that Digibyte does reach ~960 and that Bitcoin reaches 14k. That would put Digibyte roughly around .12-.14, near or close to its all time high. For those who found entries around .02 - .04, I would seriously consider taking profits above .10.
That's it and good luck!
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!
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.
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.
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.
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.
