Post
Topic
Board Announcements (Altcoins)
Re: ★★DigiByte|极特币★★[DGB]✔$250k Investment, DigiByte Gaming, #DigiByteTip, DigiSpeed
by
HR
on 07/03/2016, 20:20:46 UTC
Some Chart TA for those who are interested in the market outlook:

https://www.coinigy.com/s/i/56ddc07a/

We are seeing higher lows - a steady increase in price since the bottom.

With all the new volume entering into the alternative coin markets, we are already seeing a major increase in price of many premium coins like MAID, FCT, DASH...etc. I have already seen an increase in buy support from 40BTC to ~60BTC in the past few days - without any major price increase. The pressure may begin to lift price over time - continuing with the positive trend.

The Reward over risk looks very good - nearing 12.0. What many investors look for are a ratio of at least 2.0 or greater. The only throw off from the charts are the periodic spikes. We need to continue to see the gradual price increase over time to help aid in washing out those ugly bull trap spikes.

Why do we get these spikes? Well, the sell book is pretty thin - and whenever we have any news of any sort, you have a hoard of people FOMO buying the 2-5BTC sell orders per satoshi. It is realtively easy to break past these barriers.

What DGB really needs is an increase in marketcap + liquidity to help stabilize the price.

In summary, DGB is a premium coin w/o the premium market cap. This may be due to some "lack" of communication here on the Bitcointalk forum -however, this may be for a very good reason - and for those who wait, they may be rewarded in a big way.

Rock on DGB Holdings!




Nicely summed up! I really couldn't have said it better. Really!