DIGIBYTE (DGB) Surged 20%...Now What? Check out this Analysis!
SUMMARY
The below chart shows my original marking from about a month ago. The Jaws of Wealth is very attractive. Prices were above the lower white line of the broadening pattern but now has touched and made a sizable surge upwards today. One might be asking how an Altcoin would dare have such lofty price target if Bitcoin is about to hit its tippy top. Well, DGB could reach $0.0385 by early Nov, in my opinion as cryptos have the hurry up and wait syndrome. They impulse very quickly but are very lethargic in the corrections.
The below chart is of a 15 minute time frame. The first set of blue roman numerals represent an impulse motive followed by the requisite a,b,c (red) correction. The second set of blue roman numerals represent the next wave of impulse and would provide the needed higher high confirmation of a trend change.
The video analysis contains the if this then what scenarios as well. Please consider viewing it for the details.
--
If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTC Wallet - 19gHMJc9wi9KkP47wokz8y4cFNgz1kAAUE
ETH Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
LTC Wallet - LU1mEw1LHvffoWf9VDEVdP7Day4jv6VLqu
EOS Wallet - 0xf83641dbf1a53498eae6d0d568c969790da48a36
Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**
Thanks for this, Interesting read. Truly most people tend not to understand the analysis made and become blindly led by their percpetions to taking risks they weren't fully set out for.
Weldone, you made quite a thorough analysis here.
Thank you sir, please feel free to make analysis requsts...I provide as service to the crypto community using my 15+ years of Technical Analysis experience. No strings attached.
Following & Upvoted your comment!
Haejin,
Great analysis. Can you please do a follow up on Digibyte year end price target and for 2018? Further technical analysis would be appreciated.
That does digibyte even do? So many coins and so little time! 😵
Big picture is : ABC correction is not done. DGB Is channeling to big B ( sell ) to return to low C level ( buy ) as forecast by theory. Much appreciated !
Hold it my friend!
This badboy is on 2, not B. It shows the same terminal end that many coins have shown before taking on the momentum that btc is spreading across the cryptosphere.
I mentioned you in a post @haejin - hope you enjoy https://steemit.com/writing/@katyclark/the-ruined-manuscript
I wonder what You think about it now after night - it clearly broke up from the triangle, but it made a lower high. Is Your overview still positive Haejin?