DGB/BTC - 6 Month Trade, Min 1000 Sat Target
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 to 100K and Digibyte possibly reaching $1. This theory allows for both to happen simultaneously. I would try to buy DGB/BTC on the trend line if you are patient enough. After this past month being such a profitable month, chances are we will eventually have another corrective month before launch time.
This also goes along well with my theory about the end of summer/beginning of fall being the start of the next cycle for cryptos. (U.S. tax extensions in October, ETF decision delays, etc.)
DYOR and take it for what it's worth. I am currently invested in DGB and have a bullish bias for the project and its future growth.
There is a lot of talk about BTC going to 100K and Digibyte possibly reaching $1. This theory allows for both to happen simultaneously. I would try to buy DGB/BTC on the trend line if you are patient enough. After this past month being such a profitable month, chances are we will eventually have another corrective month before launch time.
This also goes along well with my theory about the end of summer/beginning of fall being the start of the next cycle for cryptos. (U.S. tax extensions in October, ETF decision delays, etc.)
DYOR and take it for what it's worth. I am currently invested in DGB and have a bullish bias for the project and its future growth.
Comment:
3.bp.blogspot.com/-Q...e+chart+patterns.JPG
Comment:
August has been a red month after all. The candle will close in a few days and appears that it will close within the ascending triangle. The wick got as low as 330 and presented some great entry points. I still think that anywhere from 370 - 440 is a great place to ladder in buys and I am still expecting this trajectory to hold. BTC may have a few more months of sideways movement and maybe one last drop, but hopefully we are almost ready for a new cycle to begin.
Comment:
Correction: Wick got as low as ~345 (not 330)
Comment:
Monthly not looking good here. We will see what happens during September but if BTC doesn't find support around 5800-6000 and bounce, then DGB is probably not going to close within the triangle.
