Crypto-Swing

Digibyte - Past, Present and Future

Long
BITTREX:DGBUSD   DigiByte / US Dollar
In this Digibyte study requested by a subscriber, I look at the longer term market structure of this Proof of Work crypto currency through the lens of the BTC halving cycle, assuming a continued correlation to that cycle. There are some apparent target for the peak of the current market cycle in both time and value, and future projections for the subsequent correction and future rally.

I have had to estimate the date of the 5th Bitcoin halving to align the future cycle, so I caution that there is in increased margin of error beyond the 4th Bitcoin Halving.

Comment: So, its been a couple of weeks and Digibyte has progressed on its path to its next all time high. A major milestone on that path has now been crossed with the LMACD moving into bullish territory.

With 12 weeks to run until the 38.6% of the BTC halving period, as opposed to only 4 weeks for the same crossing point in 2017, it seems strongly suggestive of a proportionally higher peak. So I am favouring the $0.81 over $1 zone.
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