I was looking for some data on the chart and found this proeminent impulse up. It has almost perfect propotion of standard wave 1-2 bullish trend impulse to name it wave 1-2. It can be the first lvl of some major ones but i will let some time to pass and give my opinion after.
As for know, i see this as a test for the bulls so im staying conservative on any targets. Thats why it not a full post with all information, because some is missing, so lets go step by step.
Trade closed: target reached
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took profit earlier past week. hope you enjoyed the ride !
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for educationnal purpose, heres the final count and i expect the standard ABC retracement to standard fibo retracement point but with a MA twist giving us a potential landing zone. Lets give us 24 hours before classifying probability on this scenario but heres my first work :
Yes, actually I think this is a very cool post. Thank you for this! It's no secret to those who know about digibyte that this coin is not only technically more functional than many other coins, but also severely undervalued.
The use case of this coin could significantly revolutionize digital currency in so many ways. I'm very thankful I found this coin almost immediately when I got into crypto early last year.
UnknownUnicorn1540828
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@Andrew138, dgb is a very cool real decentralized crypto with strong and established decentralized mining with his 4 main mining algos. Plus its faster than many blockchains that process the same way + cheap fees = a good project for commercial application
djtreacy
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Thanks heaps Simon :-)
Taiwan_Bear
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Thanks Simon. Good call.
Below is what I think will happen. DGB is one of the top 12 coins that I am focusing on.
UnknownUnicorn1540828
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@Taiwan_Bear, yeah i expect a retracement for now near 300 sats. correlate with your projection.
Taiwan_Bear
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@simonmercier, Love your work :) Still trying to learn EW from you and Acel
UnknownUnicorn1540828
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@Taiwan_Bear, thank you ! let me know on the comment section if you have question on my further post. i will gladly help you if i can !
Taiwan_Bear
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@simonmercier, Much appreciated. I will try to learn on my own as much as I can first.
The use case of this coin could significantly revolutionize digital currency in so many ways. I'm very thankful I found this coin almost immediately when I got into crypto early last year.