Lets play a game

in busy •  24 days ago

I am having a good time mapping out movements on different cryptos. So going off this graph I see that DGB digibyte is about to come up to its resistance line it has formed. With bitcoin being up today is it going to break out and get above 0.00000428 or is it going to hit and reflect and head towards its support line? Enter you best-educated guess on what direction it is going and I will throw the winners a full upvote.

I am just really kinda board and wondering if anyone else likes this kind of stuff. lol.

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I have no clue, but since it involves a free vote, and I am slightly bored also, I will throw out some random number and direction. So Up, but not by much so a guess of 0.00000432.

Why that number I guessed up trending but not much so a countdown number for the rise. Who knows, it does look a lot like a haejin chart, but I think you need more lines and more weasley words for the post so that no one knows if you are saying up or down for the coin.

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up to 0.00000432 . noted. I hope it goes up considerably because i got about 2500 of these little turds I have colleted and I would like to make some money. If it goes up to 10 cent each I will make my money back 5x :)

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DAMN YOU . you jinxed it. lol

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Nobody wants to play with me.
:(
steem auto is also not working at this time.

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I have some vp to burn so here, have a full upvote. Me so generous! self pats

Everything to the moon. Always.

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Excellent. One vote for moon

It is right below the 0.618 fibonacci retracement and I don't think we will close above it today. The Stoch RSI is indicating a slow momentum reversal, therefore a sideways movement or a short correction might happen. However, it is one of the few coins that'a actually above the 200 day MA (white), so in the following days we might retreat to it. A small cup and handle pattern could also happen, as I indicated below.

Click here to enlarge the image

dgb_btc.png

Cheers! ✌

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Very nice!!! I have been trying to slowly teach myself all these prediction technics and I think I am getting a better grasp on them. I did not want to just belch out a bunch of bullshit that I did not have a full grasp on. Your predictions deffinatly kick the hell out of mine. So what do you think will happen out of the options you listed?

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I didn't predict anything, actually! 😄
Only made a short Technical Analysis on the chart, that's all. I see BTC is rising now again, so perhaps DGB will lose some 'sats'.

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right now it is staying inside the lines and playing nice. it depends on where bitcoin is going In my opinion on weather it goes up or down .

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You're totally right with this, Bitcoin is the king and it leads this market.

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But if the ETF approaches Bitcoin will rise first and the alcoins will lose 'sats' value. Only after, the alts will rise, when Bitcoin's dominance will drop. Exactly like in December.

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so still new to all this stuff so as bitcoin goes up the shit coins lose sats correct?
say you bought and alt coin that was at 400 sat yesterday and then bitcoin moons 8000 usd and your altcoin would then probably be worth 200 sat ? but the alt coin would still have the same usd value. Is that correct?

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Yep, 100% correct. If you want to gain USD, you trade to USD, if you want to gain Bitcoin, you trade to BTC. But of course, most of the coins are only paired with BTC and ETH, especially the altcoins.

I must admit that I don't understand a single thing about these graphs and resistance lines. Never have and probably never will, lol.
But glad you are keeping busy.
Let me know in time when Digibyte is going to skyrocket again - I still have one wallet I need to exchange to Steem :0)

Posted using Partiko Android

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that yellow line is the risistance line. It is an established line from past movements that show where it is likely to stop climbing. this is a closer look of whre it is right now. it was moved up since I made the post. it is moving sideways now so either it is going to break the line and move up up up or it will bance and head towards its established suport line down down down. I hope it makes a break for it upwards. As long as big daddy bitcoin is in the green we have a chance

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But still there is no way to predict what is going to happen?

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Nope. Only speculation and knowing patterns. I mean if you had enough money you could munipulate it but i do not have that luxury

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Wait until Steem goes to the moon...

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yeah, someday. lol
I have started recently buying completely worthless shitcoins like bitbean where i can get like 10,000 of them for 30 to 50 dollars and then if they go up to anywhere like where they have spiked to I will make a good bit. they are worth less than a penny each right now but if bitcoin spikes again they will be worth almost 20 cents each so the math comes out right in my favor.
:)

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I just bought myself some Ripple again today.
I already bought it before, but lost the password for my wallet. I have loads of other low-cost coins too. That's in ffact how I discovered Steem, and later SteemIt

Never sure how these graphs work but enjoy watching the perdictions. It should go up with a bitcoin boost.