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DGBBTC forming bullish Shark | Upto 13.5% move expectedOn daily chart, the price action of Digibyte coin is completing the final leg of bullish Shark and soon it will be entered in the potential reversal zone. Buying And Sell Targets: The buying and sell targets as per the Fibonacci sequence of the Shark pattern should be: Potential reversal or buying zone: 0.00000091 to 0.00000088 btc Fibonacci projection or sell zone: 0.00000094 to 0.00000100 btc Stop Loss: The potential reversal zone area that is up to 0.00000088 btc can be used as stop loss in case of complete candlestick closes below this level. Possible profit and loss ratio: As per the above targets, this trade has a profit possibility of 13.5% and as per the above-mentioned stop loss, the loss possibility is 3.2%. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
DLong
by moon333
The priceline of DGB has spiked after completing Butterfly moveThe price action of DGB broke down the support of channel. The moon phases gave clear signal for this bearish move because new dark moon appeared at distance from the support. The pricline has also broken down the 25, 50 and 100 SMAs: The priceline has completed the butterfly pattern and took power full move to the upside from the potential reversal zone: On the monthly chart the priceline of DGB has also completed Cup & Handle pattern: In case the priceline will break down the 25 SMA on the monthly chart then it can move more down to complete the final leg of bullish Shark on the weekly chart: On the monthly chart the bearish Shark move is still in play and priceline is moving towards sell zones: The targets of bearish Shark are as below: Buy between: 0.00000168 to 0.00000001 btc Sell targets: Secure sell targets: Sell between: 0.00000338 to 0.00000694 btc Aggressive targets: Sell between: 0.00000808 to 0.00000969 btc
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by moon333
2
DGB can go skyrokcet if the support will be savedHi friends hope you are well and welcome to the new update on Digibyte coin. As in my previous article we have seen that the price action of DGB was moving in a pennant and broke out resistance. As I told you that now the price action my retest the previous resistance of pennant as support and in case of successful re-test it can start the next rally. But the retesting has been failed and the price action is again entered in the pennant. The pattern has been changed to up channel: Previously the priceline of DigiByte was forming lower highs but recently it has made a higher high. Therefore now the pattern has been changed from pennant to up channel. And the price action is at the support of this channel. Now we can use the Bill William alligator indicator with the combination of this up channel. At this time the bill Williams alligator indicator has given sell signal as the smallest time period MA is moved down and biggest time period moving average is above all moving averages. But the priceline did not break down the support of the channel. Therefore we can ignore this sell signal but in case the priceline will break down the support and the William allegory indicator will be still giving sell signal then we can consider it as a stop loss and take exit from DGB by selling it. We can also observed that the stochastic indicator has given buying signals as the blue line has crossed up the red line from the oversold zone. Simple moving averages on daily chart: Now if we watch the different simple moving averages with the time period of 25, 50, 100 and 200 then price action has broken down the 25 and 50 simple moving averages and having strong support of 100 SMA. We have still the smallest time period moving above all then 50 then 100 and then 200 below all. This order of the moving averages is still giving strong bullish signals. Once the priceline of DGB will be able to move up from the support of 100 SMA. Then it can breakout the 50 and 25 simple moving averagess again and started the next rally to the upside. However, if the price line breaks down the 100 simple moving average support then it can reach at 200 simple moving average support that is at 0.00000142 btc at this time. Simple moving averages on long-term chart: Now if we switch to the long term weekly chart and place the same combination of the simple moving averages. Then the price action is facing strong resistance of 200 simple moving average since the first week of May 2020. And also having strong support of 100 simple moving average. From the downside the 50 and 25 simple moving averages are moving up to form bull cross with 100 simple moving average. Once these simple moving averages will be moved up then the price action will be able to break out the 200 simple moving average resistance as well. Conclusion: Even though we have a very good order of moving averages that is giving bullish signals and the different indicators are also giving the buying signals. But at this time the price action is at very critical support of an up channel. Therefore, if the price line of DGB breaks down the support then we should consider it as our stop loss strictly. Because on the other side the Bitcoin is turning more strong bullish and if the Bitcoin dominance will be increased then price action can break down this channel and start the rally to the downside.
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by moon333
4
DGBBTC a sleeping giant is waking upHey friends hope you are well and welcome to the new update on DigiByte. In my previous article, we have seen that the DGB was moving in a pennant and it was just reached at the resistance of this pattern and was likely to move down. Now if we watch on the live daily chart then price action has moved down and reached the support and being consolidated at this level. I have also placed the volume profile on the complete price action moving within this pennant. That is showing the trader's interest up to 0.00000236 btc. That is below the resistance but if you watch the moon phase indicator then the new full moon is a appeared at a very high altitude that is showing that the price action can reach up to that level. Therefore we have two different indications by two indicators. Bill William alligator indicator has given a sell signal: If we take a look at Bill William’s alligator indicator on the daily chart. Then the smallest time period moving average with the time period of 5 moved below all the moving averages and the biggest time period moving average with the time period of 13 has moved above all MAs. This is a sell signal but we cannot consider this signal as true unless the price action will not break down the support of the pennant that has been formed on the daily chart. The alligator mouth of SMAs is bullish: Now if we look at the different simple moving averages on the daily chart with the time period of 25, 50, 100, and 200. Then the price action is at the support of 25 simple moving average. And the smallest time period moving average is above all then we have the bigger one then 100 SMA and then biggest time period moving average that is 200 below all SMA's. So this is another opened alligator mouth formation by the simple moving averages that is a strong bullish signal. The SMAs on long term chart and pivot points: Now if we switch to the long-term weekly chart. Then it can be easily observed that the price action has strong resistance of 200 simple moving average and the support of 100 simple moving average. But if we watch below the 100 SMA then 25 and 50 simple moving averages are moving up to form a bull cross with 100 simple moving average. And this bull cross can lead the priceline to break out the 200 SMA. And we also have the new pivot point above the 200 simple moving average. Therefore there are strong chances that the price action will be moved up to this pivot point. Big bearish Shark formation: Now I would like to draw your attention towards it very big expected bearish Shark pattern that I posted last year. After entering in the potential reversal zone the priceline of DGB is geared up and so far it has produced more than 450% bullish rally. As per Fibonacci sequence of the bearish Shark I have defined the buying and sell targets as below: Buy between: 0.00000168 to 0.00000001 btc Sell targets: Secure sell targets: Sell between: 0.00000338 to 0.00000694 btc Aggressive targets: Sell between: 0.00000808 to 0.00000969 btc Even though the PRZ goes up to 0.00000001 btc but the priceline found strong support at 0.00000050 btc. Therefore the PRZ goes upto this level max. Conclusion: On the daily chart, the price action is at the end of the pennant and the pattern is getting squeezed. Therefore it is a decision-making time for the priceline of DGB to break down or break out this pattern. And the further upward move depends on breaking out from the pennant. Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
DLong
by moon333
DGBBTC an expected move upto 1700%Hi guys and gals hope you are well and welcome to the new update on Digibyte coin. The DGB has surged more than 450%. Therefore in today's article we will try to understand how this coin completed its bullish setup before this bullish move and what the price action can do next. The big harmonic bearish Shark move: On June 25 2019 almost a year ago I posted an article on the tradingview where I predicted that the price action of digibyte coin is forming a bearish shark pattern. And soon it can start the formation of final leg of this pattern. It was a very long time monthly chart at that time the priceline of DGB just entered in the potential reversal zone. Finally the price action starred bullish rally in April 2020. And so far it has surged more than 450%. And started the completion of the final leg. I defined buying and sell ranges as per Fibonacci sequence of Shark as below: Buy between: 0.00000168 to 0.00000001 sats Sell targets: Secure sell targets: Sell between: 0.00000338 to 0.00000694 sats Aggressive targets: Sell between: 0.00000808 to 0.00000969 sats A symmetrical triangle: Now in order to understand the movement of the price action more closely will need to switch to the small time period chart. And if we watch on the daily chart then the price action has formed a symmetrical triangle. At this time the price action is almost at the end of this triangle as the pattern is getting squeezed. After hitting the resistance the priceline is moving down towards the support. Therefore we can expect another touch at the support level then the price action may start another bullish rally to make another attempt to breakout the resistance of this triangle. The simple moving averages are in bullish order: Now if we watch the different simple moving averages on the daily chart with the time period of 25, 50, 100 and 200 then it can be observed that the smallest time period moving average is above all then we have the 50 then 100 and the biggest time period moving average is below all the other moving averages. This order of the moving averages is considered as very strong bullish signal. The Digibyte gave this signal previous in the month of April when the price action started its powerful rally for more than 450% gains. Therefore we can expect that the price action has a strong support of these SMAs and it can start the next bullish move soon. Now for the people who have bought Digibyte following my pattern that I posted it last year and they are seeking for a suitable exit point or for the people who want to buy the Digibyte now I would like to give two advices. First is for the people who want to buy digibyte then they should try to buy it at the support of the pennant. And if someone wants to find the suitable exit point then he can use Billl Williams 3 lines that is also called Bill Williams alligator indicator. This is the combination of three moving averages the smallest one is 5 that is called lips the middle one is 8 that is called teeth and the biggest time period moving average is 13 that is called jaw. when the smallest moving averges (lips) is above all the moving averages that is called that the alligator mouth is opened and that is considered as a strong buying a bullish signal. But if the smallest time period moving average moves below all other moving averages and the biggest time period moving average moves above all. Then it is called that the alligator’s mouth is closed and that is considered as bearish or sell signal. But these are very small time period moving average is therefore some time they can give the false signals. Therefore in order to avoid false signals we can use a support of the Other bigger time period simple moving averages with the time period of 25,50, 100 and 200. For example if the alligator mouth gets closed then we should see that if we have any support of any of bigger time period moving averages then we should wait for the next available moving average to be broken down. If the next moving average would be broken down then we can consider that our stop loss is triggered and we can exit from the trade, otherwise we can wait for the bigger time period moving average to be broken down. This method can save us from any kind of false signals by the Bill William alligator indicator. This is the strategy that are use to cath the bearish or bullish rallies. If you have any effective strategy then you can also use it and also share it with us in the comment section. Conclusion: On short term we can expect a bearish move up to the support of the triangle. However, on the long-term the price action is very strong bullish as it has started the formation of final leg of bullish shark and as per above mentioned targets it can produce upto 1700% gains.
DLong
by moon333
5
DGBBTC Long Term 1000% PotentialWe signaled this at the bottom in November under 100 sats and got beautiful profits in a few weeks to the run towards 600 sats. There is still large upside long term for this coin. Trades like this are why I'm a bottom-up trader, I love overlooked coins that have been downtrending for a while, risk is low as selling pressure is nonexistent since a long term downtrend wiped out most sellers, only people left are determined HODLers, therefore it does not have much room to fall below accumulation zone. I LOVE low risk high reward & you should too! We have recommended other things like SNOV, ZCL, PHR, DRGN & more but cannot do so here since we cannot trade those pairs, but if you are interested in things like this & small / micro caps, feel free to subscribe to our newsletter below: thecryptolabs.com Thank you so much for your support.
DLong
by JCBCrypto
2