As DIGIBYTE is a good coin and has great targets upcoming, after observing Bitcoin Dominance, Price Action, Elliot Waves & ICHIMOKU and considering money management, we can step in with a potion of our money as Mid-Term investment.
DGB is at its lowest RSI point in its life.
I won't call it a bottom, but it's silly not to accumulate at this unbelievable prices.
Not much to say.
This is DGB.
It's turbo underrated.
I don't think you can go wrong with it
DigiByte (DGBBTC) broke its downtrend on the weekly time frame (left) and printed a clear reversal candlestick (circled in blue).
We can expect for DigiByte to recover here and a start a new, strong and sustained uptrend... Yes, I am calling for a change of trend here.
DGBBTC hit bottom on a low wick at 15 satoshis.
If you follow "conventional" trading and had...
Welcome to the Lesson 2. I hope y'all had been waiting for this one. Hopefully you all understood the first lesson on RSI really well, because this indicator when used with RSI, can do wonders in your trading style.
Lets get straight to the lesson without wasting any time.
Today we will study MACD (Moving Average Convergence Divergence)...
Since my Analysis from Sep 11th, (t.me) below:
”DBG has been bouncing off the 50-MA and the support for 2 months now. DBG recently touched back into support and it is a good time to enter for a quick scalp back up the 50-MA at 93 - 95 sats. regions. I expect it to bounce a few more times in this area before breaking out above the 50-MA and...
Could this be a great buy? Time will tell. With BTC.D charging higher and this ratio going lower, I wonder if it means the death of DGB or the start of a massive rally. Part of me hopes it's the death, and the other part of me hopes it's a huge rally. Death because there's too many alts out there (but DGB is among the better ones) and rally because I still am...
My first crypto coin I ever bought was $dgb.
And therefore I still like to track it.
It seems there is finally some good news for DGB holders on the chart:
- the price found support on the price levels of before the enormous price peak.
- the last correction wave pattern seems to be in it’s last part, or even has ended already.
From here there seems upward...
DGB/ BTC pair is in the accumulation range. Currently, it is at the wave C of the ABC correction. Based on the retracement length of wave A, the wave C can go as low as 68 satoshi, and in best case scenario, support can be found around 80 satoshi.
Long bids in the area of 68-80 satoshi, with a stop loss right below
RSI went up, while the price went down! This is really bullish!
Bollinger bands: it's getting narrow, wich means things are about to blow up real hard!
It's been 3 years since bollinger band was this narrow @ 1day chart. Things will pop up like a bottle of champagne!!
We are sitting on a sollid support! We have been in accumulation fase for a long...
The downtrends in Bonfire indicators above the price should bring some bullish momentum. Pivots are marked and the goal is a a nice cross up over SN, DL and Buffer..
More on Bonfire indicator @ docs.google.com