This is a test to see how many views this chart gets and to see who is paying attention.
Hardly is D-Byte dead, Volumes may be dismal and the price has not been moving for months. However, all roads say up and given the current state of crypto's with everything moving down, D-Byte has been holding its ground and that says something. With constant improvements...
Each asset has it's own market cycle, I am trying to find a market cycle of both and a correlation of Digibyte to Bitcoin market cycle.
Putting some average price targets, which are not at all accurate. But trying to find a trend reversal point on the chart based on timing of a previous market cycle and halving effect on price action.
The weekly DGBUSD chart is showing great similarity to the classic market cycle psychological setup, along with multiple touches already this year of the 1 cent support line which is looking weaker by the day as we sit there without any movement.
I'm looking for another leg down into the depression phase that could see the price go as low as $ 0.005
I will be...
Is this it? Alts are about to get a big hit once more as btc might be getting ready for a bigger correction? Purpose of this observation is just to give an idea when the long term bottom might be hit. It seems like crypto is going into to much tougher times.