DGB - Where Do We Go From Here?

2017年8月22日

After a giagantic climb over the course of the first half of the year, DGB has retraced back step by step into the 300 sat area resulting in a loss of about 90 % compared to it's ATH in June. While the August - that began with a nice upward movement caused by the BTC-split - was more of a rollercoaster downwards, DGB created a new general trend line by double-bottoming in the 200 sat area (14th and 19th of august). As seen in the chart, this general trendline is going to hit the august downtrend line by the end of the week, constructing a decicive triangle that will lead us the way into september. The 1 Million Dollar Question is: Where do we go from here?

To be honest, I am as clueless as I have ever been. DGB used to trick traders into believing in a course reversal over and over again during those last two month, resulting in a lot of FUD in social media by people probably having bought in in the 1k+ area, especially those who longed for the moon in the early June phase, just to discover their rocket has been made out of wood that comes crashin down every time it starts its engines. So without giving any statement on whether or not I think buying now is a good idea, I'll try to gather some factors that may or may not be responsible for either direction:

2017年8月22日

注释

DGB up:
- Having lost around 90 % of its ATH, DGB has lost a lot compared to other long going alts that have made a significant move over the first half of the year (e.g. Stratis, Litecoin, Ethereum). Having a lot of free space above you until you hit the ATH makes investing into DGB per se a good decision since you wouldn't even need to reach a new ATH to get almost a 1000 % increase (depending on the dips you're buyin in). This makes DGB especially an interesting project for whales to turn the motors on since hudge winnings can be made in quite a short time.
- After taking the first hit by the Citibank Presentation Hype Bubble Burst, DGB has shown strong signs of whales accumulating by pushing the price down. This behaviour has ended during august due to the significant price drop; placing sell walls in the 300 sat area seems to be too risky for whales nowadays since other whales might be sitting in their chairs waiting to multiply their DGB portfolio on said level to go for the moon. My personal feeling on that: The board is set, the pieces are moving (kudos to Gandalf the White on that quote).
- MA 9 and 20 have crossed MA 50 which is usually a good sign that the general downward trend has recently been reversed.
- DGB is still considered a good coin technical-wise. While BTC is still in transformation mode to increase performance, DGB already offers extremely fast transactions, making it an undervalued coin if you only consider its technical potential.

2017年8月22日

注释

DGB down:
- DGB biggest problem: Lag of momentum! DGB has created numerous situations where a little push could have lead into a breakout, only to find the floor again. This has been seen recently when it failed to attack the 0.382 fib after double bottom + breaking the 0.236 fib sunday night. Even though it keeps finding his ground support lately, it fails to create a breakout atmosphere for outsiders to hope the train.
- The rebranding incident: One chance to create momentum is for the devs to bring some new stuff. When they released their new design and homepage sunday night, bigger parts of the community were unsatisfied by the quality and the complexity of the changes made. Since a lot of people where hoping for a ANS/NEO-like rebranding, resulting in a price explosion, lots of coinholders may have lost their temper which might ultimatly create momentum for more downward movement (instead of doing the opposite).
- Ongoing FUD: This is self-explanatory. Especially with the reactions on the branding changes, DGB-FUD has moved from "The devs don't do anything anymore" to "It took the devs month to create 'THIS'?", which is certainly not better, but even worse.
- MA 9 and 20 might be above MA 50 right now, but there is still enough time to break down again before we hit the end of the triangle. MA 9 is already looking down after the breakout attempt sunday night

2017年8月22日

注释

So where DO we go from here?

Hodlers having bought in in the 300 sat area should be fine for now, my advice (not that I'm giving one!!) would be to try and accumulate some DGB over the course of this week (Litecoin might be a helpful indicator for real short term trading since DGB seems to follow it's pattern lately). A SL should be place below the support line, around 260.

For those who have been in here back from the times when DGB was above 1,5k, this might be the most difficult decision of all. Since another decline could bring us in the 150 sat area, selling short and hoping to get back on the train once its has found his ground there seems to be an option to turn your losses into winnings soon after the next break out happens since you might be able to at least double your portfolio on that dip. Since I do think we will see a general uptrend in the end of the year (the latest), one might also play it safe and hope for the best.

Would I recommend buying in? Potential is huge, but at this point, there is really no telling which direction we're heading. Since there are a lot of other high potential coins, I'd probably wait to see if we're going down below 200 sats and buy on a dip in that area. There are other trains leaving the station every day, and this one is still looking for his conductor to show up. But if you're willing to take some risks, buy your tickets below 315 sats and make a wish!

Good luck to all the DGB-Fellows out there! Stay safe!

2017年8月24日

注释

Chart broke downtrend line, MACD is rising as well! If we can break the 0.236 fib line (377 sats), it'll most likely try to attack the previous high of 420! Stay tuned!