The Next Stop for DGB: $0.00796430

BITTREX:DGBUSD   DigiByte / US Dollar
294 5
Observe how the 50 and 200 day exponential moving averages are about to cross (green & purple). If this happens, chalk it up as another death cross. The first already occurred between the 50 and 200 day weighted moving averages. These are very bearish signals to pay attention to!

Bitcoin is headed to $6,000 which will drive the price of DGB down.

Notice the cracked base at $.02148. The next stop is $0.00796430. I expect a nice bounce from this price. However, I don't think that bounce will exceed the previous base at $.02148. Though, I could be wrong.

These are my opinions. Please do not construe this as investment advice.
Mar 19
Comment: @damdamm,

Thanks for posting your chart. That is a very good observation! Death cross does not imply a severe drop in price although it can lead to one.

And, as you correctly pointed out, the 50 and 200 day EMA have not crossed yet.

That Golden Cross was a nice ride up. :-)
I was listening to a video by NODE INVESTOR.
"The Death Cross for Bitcoin is Near | What It Is, Why It Is Inferior & Better Alternatives"

He talks about the moving average for Crypto is different than the stock market. Because the Stock market is based on a 5 days a week 52 weeks a year (200 day is a 40 week MA, and a 50 day is a 10 week MA) it's not as reliable for Crypto because Crypto is 365/24/7. He says that shorter time frames are a better indicator for analysis. I think he said using a 10 and 26 day MA gives him a better picture of what is happening.

Overall, I'm still learning and really don't understand much other than the fact that I really believe wholeheartedly in this coin. But his video (above) did make sense to me in terms of how to look at this current event taking place. OH! And he said that if you use the 10 and 26 day moving averages you can see that around Feb 15th the death cross actually occurred. In any case, I love your charts and view them all.

Just wondering your (and other readers) thoughts on this. The video I posted I thought was really informative.
+1 Reply
@Andrew138, Sorry for the late response!! Thank you for this information. I will check out the video. As was correctly pointed out by @damdamm, in some instances, a golden cross shortly follows a death cross. I'm going long on DGB now provided BTC holds $6,434. If that point breaks, then it would be bad for all alt coins. Let's hope that is not the case.
+1 Reply
damdamm damdamm
@damdamm, " WHEN CROSSED IT WAS 0,01 - 0,008"
@damdamm, Sorry for the late response! This is an excellent observation and good analysis.
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