DGB DigiByte Bonfire Squared plus fundamental reasoning!
I'm Bullish DGB till the end (long term). DGB is fighting hard to stay above the 45 mean (square). I'll be watching these levels and pivots closely in the future. Breaking and staying above the 45 line will be very telling. This chart shows many failsafe options depending on your risk limits. As I mentioned, I am very bullish long term for DGB but will take advantage of any and all obvious "oversold/ overbought" opportunities with a percentage of my bag.
CONCEPT : After squaring (45 degrees) the price to my objective interval, drawing horizontals (levels) to touch the bottom and top of each square has been a huge advantage for me the past year or so. The probability of pivots near or on the vertical sides of boxes should be on the winning side if you read the chart pattern correctly
Price action and volume is showing us a new Digibyte than we have seen in the past. Sustaining pumps and rebounds quicker than before. This is why it is important to watch the current health of DGB when its on the (45) line like this. Big moves by Bitcoin have not altered its trajectory as much as other coins. That to me is a sign of strength. From a fundamental standpoint, at .03 USD it's easy to see why many are catching on to this coin with all of it's truly decentralized features, amazing apps/wallets, blazing speed, and security. It's also a popular coin for mining which is a big criteria for me right now. Being truly decentralized is the OG antibank idea.
CONCEPT : After squaring (45 degrees) the price to my objective interval, drawing horizontals (levels) to touch the bottom and top of each square has been a huge advantage for me the past year or so. The probability of pivots near or on the vertical sides of boxes should be on the winning side if you read the chart pattern correctly
Price action and volume is showing us a new Digibyte than we have seen in the past. Sustaining pumps and rebounds quicker than before. This is why it is important to watch the current health of DGB when its on the (45) line like this. Big moves by Bitcoin have not altered its trajectory as much as other coins. That to me is a sign of strength. From a fundamental standpoint, at .03 USD it's easy to see why many are catching on to this coin with all of it's truly decentralized features, amazing apps/wallets, blazing speed, and security. It's also a popular coin for mining which is a big criteria for me right now. Being truly decentralized is the OG antibank idea.
