bwymore
Long

DGB/BTC Closed Above Resistance. (4H Chart)

BITTREX:DGBBTC   DigiByte / Bitcoin
DGB is looking strong. Candle close above resistance line on 4h as well as daily chart . MACD cross on Daily.

Small write up I know, but a pretty straightforward chart. Last time when the chart had a profile like this it went parabolic up to 2500 sats very quickly, but I'm just shooting for 1200-1400 sats for my target for now. Keep in mind BTC could still fall back after hitting the upper resistance of the channel which could mess this up.
Comment: If you aren't already holding like me at this point, I'd try to set a buy order right above the upper red line around where I have circled in green on this pic. It looks like it is testing to confirm the previous resistance is now support. If you put a buy there, I'd put a stop loss a little under the red line in case it fails. Then I'd try to scoop it up somewhere towards the bottom red line.
Trade closed: stop reached: Just a follow up, the breakout failed and went back into the channel. If you guys set stop losses a little below the upper red line like I said, it should have triggered by now. I'm waiting for another more positive signal to buy back in. I'm starting to lean towards a drop towards 100 satoshis again now before we try to see a big push up, especially with BTC still not in the clear.

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