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DGB

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
Is DGB forming a new rising wedge?The purple lines are from my last TA on DGB. No changes made there. Green lines are adjusted for the penetration through the lower support of purple wedge which seems to have formed a newer pattern, starting from the bottom of the lower thick green line. This will be a longer wait if it stays in those green lines for a break out, less volatility, but now we're in the bottom of this newly formed wedge so lots of overhead room for a healthy bounce. Watching for breaks outside of either green line. Weekly MACD is picking up momentum (red aarow) so there's that going. Now that DGB is available to be bought on Abra's cool app, I suspect that will increase interest in DGB, therefore more green in the charts.
DLong
by jbutler7
Looking goodStratis looking to breakout on the daily. Volume could pick up a little bit, but i think fomo will begin soon. Macd heading into the bullish zone Willy has passed the -50 line into the bullish zone. What i see happening with Strat is a nice break out then a test of support (former resistance) for the next leg up. With nice fundamentals still to be released i see a nice upside in the coming months. Don't forget to hit the like button or follow me on Trading View for more chart analysis :)
SLong
by Cryptonite_trader
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 4 Hour Chart. BreakoutDigibyte is at a crucial breakout point on the 4 hour chart. This saucer formation started on March 12th and we're finally testing these levels today. A move out above this resistance point here should have some legs to get the price to the 3.5 cent level before pausing to at least digest the move. The RSI is flirting with overbought territory so that may delay the upside move but then again, anything can happen. The MACD did have a bearish cross a few hours ago but nothing that can't be reversed quickly. I have to say, this DGBUSD chart does look bullish and while nobody knows how far this goes, the characteristics for higher prices are showing up in the chart. BITTREX:DGBUSD
DLong
by themuzzman
Digibyte Price Analysis. There's a lot going on in this chart here. Bullish Case Digibyte has closed above the 50 day moving average for 2 consecutive days and it was above average volume. The volume acts as a good confirmation that this was a meaningful move and as long as we can hold the 50 DMA, we should be in good shape. If anything this should act as support if the price gets in trouble. If anything, it should at least bounce the price. Digibyte has also been challenging and flirting with the 200 day moving average. A break above and especially if some decent volume accompanies it, is very bullish. The MACD had a nice cross at the lows on April 2nd. Usually this type of divergence, (being the price heading down but the MACD crossing up) is a good indicator that the trend may be due to reverse. The cherry on top is the beautiful saucer pattern that started forming on March 3rd and that was also a crazy price action day for DGB. We're sitting at the top of the saucer right now and this also can help propel the price higher if it breaks out. All of this is a perfect storm for higher Digibyte prices if we can break out of this area. Bearish Case Well the overall breadth and crypto market in general still has a lot of work to do and some serious "technical healing" on the longer term charts. The RSI is heading into overbought territory on the daily chart and this could potentially "pump the brakes" to make the price stall at the 200 day moving average. Other than that.... not a whole lot of a case to be made for the bears here.
BITTREX:DGBUSD
by themuzzman
2