POLONIEX:DGBBTC   DigiByte / Bitcoin
626 5 10
Look at chart for price target and stop loss
Comment: btw this analysis is wrong
Not a proof of stake coin
+2 Reply
damdamm XenoBiologist
@XenoBiologist, Yes it is not. DGB I s Proof of Work Coin. In my opinion much more secure ecosystem and well suited to Digibyte as it is transactional coin. Proof of Stake coins are fulfilled with holders willing to get fraction of something for free so there are significantly less coins flow inside ecosystem comparing to POW. Less moves = more stagnation levels. DGB have huge chance to do it's job.

There is serious break up wedge attempt now. Good sign.
+4 Reply
@damdamm, Yeah I saw it nice. Just not sure it's out of the woods yet, it seems to have hit a ceiling and if you redraw the downwards trend cutting out the wicks then it might still be in the falling wedge? Would you agree?
+1 Reply
damdamm XenoBiologist
@XenoBiologist, I agree that If we cut out wicks then there is only wick broke up on last candle HOWEVER we are bullish on daily and 4H and it is very strong impact. Lower TF need to take breath - 15 min or 1H so we need to catch more air to break up definitely and with no more doubts.

For me wicks are important as they simply are present on chart but I know one can draw cutting them out - I think more air and time will resolve wickless drawers doubts...
+1 Reply
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