$DGB/BTC - Poloniex Technical Analysis - Trading Idea #7, 30.06.2017
Looks like DigiByte found it's bottom around 700sats and wants to take off... Posibble bounce from 88.6 fibonacci level. There is also Classic Divergence on RSI.. Good indicator for a bounce...
More conservative entry after channel breakout.. @ around 800 stats...
This is short term trade aim for 10-20 % and lock your profit.
Disclaimer:
Crypto Trading is risky business and you can loss partial or full amount of money. This Trade view is not a guarantee and only my personal speculation. Trade at your own risk with that money only you can afford. Bitcoin unexpected pump or dump will make this analysis void.
Good disclaimer. Love the 20 percent suggestion as well. Thanks.
Glad you like it.. :)I will post more trading ideas, tips and some educational posts every day.. if you like it why no upvote.. lol :)
thank you for charing this
You Welcome... !! I will post more trade ideas information posts... soon.
Thank you for your analysis.
Lets hope its right. FOMO has caused me holding the bag from the 2380 stas price range.
What is more likely? Price of DGB dropping after this rise or going into the 1,2,3,4,5 pattern to seek more highs?
Sorry to hear that... Next time always wait for good correction before buying on the peak.. It's always better to miss out the trade then hold coins and wait for market to move back to our entry price... For now is hard to say where it will go.. let's wait couple of days and see... So far support trendline held.. so it can bounce from here and go up...
DigiByte has a very bright and innovative future ahead of it!
Please note the DigiByte team does not give specific timelines, launch dates or future dates of specifc upgrades or product launches.
This often leads to rampant, speculation and "pump & dump"... "buy the rumor sell the news" market activity which can harm new investors and new members of the DigiByte community. We aim for sustained growth.
The DigiByte Team is committed to the long-term development and vision of DGB which has been demonstrated over the past four years of consistent, committed innovation.
Here are some of the projects, ideas, and innovations that are planned for the next few years:
»DiguSign Official Release
»More Corporate Collaborations
»Crosschain Blockchain Transactions
»Lightning Network Trials
»Digi-ID Blockchain Authentication System
»DGB Mining Algo Swap
»Being Added to Decentralized Blockchain Exchange
»Research into Quantom Proof Encryption & Algos
»DigiByte Gaming Relaunch
»DigiByte Blockchain Based Smart Contracts
»A DigiByte Backed Internet Browser
»Getting DigiByte iOS Wallet Back on iTunes App Store
»Multiple Conferences & Events
»Setting Up A DigiByte Foundation
»More Advanced Developer Playground
» DigiByte + Artifical Intelligence projects.
Nice one... Bought around 575sats.. I hope it pumps back to 1000sats
Did you lock some profit on the way up ??
Seriously anticipating its return 1k sat and above
Hopefully.. :)