POLONIEX:DGBUSD   DigiByte / US Dollar (calculated by TradingView)
hi guys,

So DGB from a request from one of my follower. DGB looks like other alts and seems to have completed his correction. On the same time DGb need a little bit more time to consolidate from a weekly perspective :



I didnt porjected at first hand daily to match what i saw on weekly but surprisingly It matches very weel the composants of the weekly which indicate more time to contract. The contraction will happen with move up in price but it should be moderate on the bigger picture. The structure implies that we may see some lateral swing for 3 to 5 weeks which correlate the matrix of fibonnaci on the time of the period activity.

You can see random numbers at the bottom of my weekly. Its one of rare occasion where I try what I learned during my matriciel and vectoriel mathematic class that I took to understand fibonnaci theory at the university. The 5 (1,1) and 7 (2,1) are two separate (1, and 2,) state of the same body (,1). We have the first state which is 7 (1,) of the second body (,2) which allows to projection approximately when the second state of the second body will happen. Surprisingly everything matches perfectly. In english, an activity should happen after each sequence which end between now and December while the MACD reveal the same information

From the daily structure count to the need of the contraction on the weekly MACD to the fibonacci matrice. Everything correlate so well that this is kinda weird honestly. We can see the same activity with the weekly MA100 that happened at the end of the first body and now (which correlate with the end of the second body). It should not surprise me when I know that Elliot based his Theory on the work of Leonardo Fibonnaci and his sequence which we find in the Elliot Theory. I could say that Im more excited to see if these maths works than the $ gains.
Trade active: if you wnat to know more about matriciel math i joing you this link (french) : http://maths.cnam.fr/IMG/pdf/Alg.1_calcu...
Trade active: still valid. will update if necessary. this is a mid to long term view.
Trade active: Pretty sure first target labeled A will be reached once the double bottom on 4H is done :

4H


1D :
Trade active: Still valid :
>01 more likely :)
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@dualmass, sprry i dont understand what you mean ahaha
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Thank you for this idea on request. I admire your long term observation and effort to use Fibonacci numbers in practice to determine TIME the most difficult thing to call in charts.

My old friend also tried to provide time of action based on fib numbers. And he gave a few specific dates for new bull run and December is one of them. If not we should have some rally till the end of this year and bullrun action expected about half of 2019.

Appreciate your open mind thoughts Simon.

I didn't know you speak French :) I thought you are from Canada ;).

About Weekly TF Indicator on DGB. Well... we corrected on my Trend Indicator very much for last 3 months. But to achieve undoubtedly oversold area we still have room down on Indicator.

I wonder if we manage to correct on Weekly indicator without going down in price. (it is hard to go down on Indica without decreasing price significantly)

or

Is fully oversold area needed to achieve before starting new bull run ? (past shows that not needed)

I hope we are post bottom on DGB.
+1 Reply
@damdamm, i think we are past bottom. But this doesnt automatically implies a sharp up in price. this is a macro structure that will happen over mid term for a long term result/perspective. will update if something happens but the amount of work putted into this one make me pretty secure about the further moves
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Great work Sir!
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@djtreacy, thanks treacy!
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