Friday 13th!! Last month Digibyte got my attention upon our trader friend Alan Master's call. From the day I looked at this chart, dgb only gave me joy, joy down to my soul. I sold the profits that I made (Namaste) but kept the original position, so I'm very interesting in what's going on with Digibyte in the crypto-markets while I'm getting ready to buy more.
Well, looking at the daily chart and setting only a few indicators to keep it simple (and also because I'm not pro), this altcoin is bullish all the way. A small bounce could be spectated in order to squeeze up one more time, though the retracement shouldn't go lower than .00000550 DGB/BTC. Makes sense that volume is now on the bearish side, decreasing after the other days' high. On the other hand, and to make this chart more attractive, the 20-EMA crossed above the 50-EMA a week ago and both are detaching interestingly from each other, adding strength to this over-all bullish momentum. It seems that DGB wants to run higher.
So if I'm not too stoned we are in an consolidated up-trend and, maybe, after this bounce which is natural and healthy, the up-trend will resume and looking very good. I think I'm waiting to see if the price brakes out the .00000620 resistance and go long again. Suggestions needed.
Peace.
Well, looking at the daily chart and setting only a few indicators to keep it simple (and also because I'm not pro), this altcoin is bullish all the way. A small bounce could be spectated in order to squeeze up one more time, though the retracement shouldn't go lower than .00000550 DGB/BTC. Makes sense that volume is now on the bearish side, decreasing after the other days' high. On the other hand, and to make this chart more attractive, the 20-EMA crossed above the 50-EMA a week ago and both are detaching interestingly from each other, adding strength to this over-all bullish momentum. It seems that DGB wants to run higher.
So if I'm not too stoned we are in an consolidated up-trend and, maybe, after this bounce which is natural and healthy, the up-trend will resume and looking very good. I think I'm waiting to see if the price brakes out the .00000620 resistance and go long again. Suggestions needed.
Peace.