Cryptocurrencies

Crypto Contest March 5: DigiByte

DigiByte (Bittrex: DGBBTC) has broken out of the triangle pattern in the weekly chart.

(Chart courtesy of Tradingview.com (log scale))

Elliott Wave Analysis

In Elliott Wave terms, DigiByte began a wave one advance in March 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in July 2018, and the red wave two (blue sub-waves a-b-c) correction ended in February this year. If this wave count is correct, DigiByte should be heading next towards the July 2018 peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))

Zooming out in the weekly chart, I believe DigiByte is currently in the red wave three (blue sub-wave iii). The red wave three began in March 2018.

(Chart courtesy of Tradingview.com (log scale))

Looking at the monthly chart, DigiByte is most likely in the red wave three. The red wave three began in December 2017.

(Chart courtesy of Tradingview.com (log scale))

Funnymentals

DigiByte is a rapidly growing global blockchain with a focus on cybersecurity for digital payments & decentralized applications. Hashoshi reviewed DigiByte just five days ago.

(Sources: DigiByte and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) “DigiByte will takeout the October 2018 peak”.

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) “DigiByte will drop below the February 2019 low”.

If you think DigiByte is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) “DigiByte will stay in a trading range between the February 2019 low and the October 2018 peak until April 9”.

(Chart courtesy of Tradingview.com (log scale))

You can upvote the comment until 3 PM EST March 8 and you can upvote only one comment. 50% of liquid STEEM + SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).

Bonus 1

I will be sending one Trophy Token (@trophy-token) or one Steem Monsters (@steemmonsters) card to everyone who manages to get these crypto contests right seven times in a row. If/when you accomplish this, please contact me at Steemit Chat with your BitShares address.

Bonus 2

Upvote the right comment and the main post with at least $0.10 and you will get 3 x the winning prize.

Related posts

BITCOIN: testing the Upper trend-line

toofasteddie

Crypto Contest February 23: Tezos

Markus Aarnio

Bitcoin’s Monthly Chart Just Turned Green

cryptos-decrypted
No comments yet