Long comparison of Digibyte which has reached the 1.618 line
and ETHBTC which is yet to reach the line
I expect to see what is happening to DigiByte at current, to happen to ETH during that time
Included some long term targets for ETH which i think are reasonable..
Digibyte has been a fun one!! 😁💲💲💲💲
Got some green sitting around 2 cent range as it tries to hold its ground, not concerned yet.
Still holding onto this position.
I'll consider exit on 3 day movement.
Stock Symbol: DGBBTC
Digibyte is compressing. Could be getting ready for a hook to the upside. Keeping an eye on this one.
Diversify and use 5% stoploss
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My view remain the same as past post.
Digibyte is doing the same moves from 27-30 April.
At this time, we see the second touch on the bottom line.
Strong support at bottom of parallel channel (buy zone).
In my opinion, nice place to entry!
Addressing the potential for an extended 5th wave and further upside from the DGB/BTC pairing. Here is a quick Elliott Wave count and invalidation point as to when we will fail to see further upside by dropping under 218 satoshi's. The argument for the extended 5th wave is that it appears to be a 1,2,1,2 scenario in the macro wave 5 and also the wave 3 if it's not...
DGBBTC : Falling Wedge on classical support and resistance Zone.
1 Day Time market is Bullish Confirm.
Weekly or Monthly trend Bullish Not Confirm yet.
Market need to test At-least Main bottom.
I have Highlight in green where market has tested our Main Bottom But
I am not happy with that Crash still Need to wait for major trend Confirmation.
Room to pump, very cheap right now. Previous bull runs have pushed the price up to ~2700 sats, I don't think we will see this type of move but there is definitely room for growth. Fractals include pump fractal and further consolidation fractal.
In this chart I am trying to visualize an Elliott Wave market cycle of DGB/BTC with 5 waves pattern, and ABC pattern forming which is getting close to finalize close to current price range levels, anytime soon we expect a trend reversal with possible new targets. Digibyte had a lot of development during the bear market 2018-2019, and stands out with great...
The price action has formed a bearish shark from X to C leg.
Now the priceline has entered in potential reversal zone and we have pivot 1st support withing this PRZ area which will push the up to hit the sell targets soon insha Allah.
Volume profile is also showing very poor interest of traders in this area.
The targets are:
Buy between: 0.00000168 to...
DGB/BTC Daily Chart appears to be breaking out of a descending channel.
1st. Target at 232 (previous support).
2nd target: 300+, top of descending channel
This would potentially complete a 18-pennant in the making.
Channel breakout with sufficient volume confirms long position. SL @ -3% penetration of channel support after breakout.
Notice the volume here. I've posted about this before on Twitter. This is what happens when a LARGE buy order is placed and there is not enough sell orders to fill it. The price must range up and down along the center line. Often this bring over reaction, FOMO , overbought, oversold. Knowing this can really set you up to setup a plan. Pay attention to the color of...
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DGB Bounced from .618 level also we have strong support at MA50
Morning Star Candle Spotted which is a reversal sign
we can also see Golden Cross Soon which is a indication of big bull rally
Current Price 309
$DGB is entered a strong support zone in the green box also price is showing bullish divergence on daily RSI and MACD.
Price is reached 2 years support line (yellow).
$DGB is a great project with big community support and decent PPT.
Green - buy. Red - sell.
It's not a financial advice.
Trade carefully and good luck!