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Recent DigiByte trades on Crypto Parrot
11 Nov, 2019
+120,764.5526 DGB1 x Closed Long @ $ 0.007306
Ok, this week's set of USD-basis trades is up, this being the last one. Resisting the urge to fiddle too much. The only change is this week's positions have SL points at 0.5% NAV if my maths are right. Buys are at 25% or better with respect to last week's history, take profit at the average. Full details + free trade planning sheet at the link below. https://docs.google.com/spreadsheets/d/18fb_f37EE9ungfVcjgSD3MQndECghzmQ8bFdDF4NDcU/edit?usp=sharing
2 Nov, 2019
+704,225.3520 DGB1 x Closed Long @ $ 0.006760
Like I've mentioned before, trying to homebrew a strategy where I can set up a week's worth of trades on the weekend. Still could use some work, but I think it's complete enough to start forward testing. The Google Sheets are up here: https://docs.google.com/spreadsheets/d/18fb_f37EE9ungfVcjgSD3MQndECghzmQ8bFdDF4NDcU/edit?usp=sharing if anyone's interested.
27 Jul, 2019
+459,106.4686 DGBBought @ $ 0.010891
20 Jun, 2019
-825,000.0000 DGBSold @ $ 0.014492
Limit sell didn't go through due to liquidity limit. Selling a little less, manually, at market price. Will do this for all DGB future transactions. Important thing is I made profits! Also, good news is DGB confirmed a 3rd higher low on the DGB/USD chart and bounced perfectly on the 0.618 and 200 Day MA. Aiming for a higher high at $0.02. Cheers!
29 Mar, 2019
+81,685.9990 DGBBought @ $ 0.012242
DGB $1000/Day Cost Averaging: Day 100. Accumulation completed. Too bad I didn't reach 10M DGB, but I can't complain, my average buy price is about 0.0106. Next step is to sell 1/2 every 100% increase and to buy back every 25% dip. More about this in my next part 2 article. Cheers!
27 Nov, 2018
+248,262.1648 DGB1 x Closed Long @ $ 0.014000
14 Nov, 2018
+603.7918 DGBBought @ $ 0.016562
Today's movement is a prime example of an event which many can learn from, including myself. Those who say they have nothing to learn are kidding themselves. So... How many people hit stops? How many had stops in the first place? How many over leveraged? All questions you can ask yourself when looking to better your approach. As for DGB I gave 2 scenarios the other day with the least likely playing out. The aggressive nature of the sell off has come from BTCs break of support and I believe this has dragged the whole market down. We can see we spiked through the $0.017 level I had highlighted before however with aggressive breakouts the initial move tends to over extend hence our pullback to this level. If we can close above this will continue to act as support with the $0.0157 region our last major support to the downside. Many indicators suggesting oversold so I wouldn't surprised if we bounced a little tomorrow. However such a move should be traded with caution as we are in unchartered territory for BTC in 2018.
+4,916.9043 DGBBought @ $ 0.020338
With this simple strategy, I want to show everyone the power of Cost Averaging (in this case $100/day) in a massively undervalued coin with great potential (in this case DGB). This is also called Position Trading, in which you average into a position during consolidation periods, and average out of the position during parabolic cycles/overvalued markets. The key is patience. With this strategy you have the potential to make huge profits with even just a few trades per year. Enjoy!
9 Nov, 2018
+48,426.1501 DGBBought @ $ 0.020650
8 Nov, 2018
+600.0000 DGBBought @ $ 0.020000
DGB Analysis: Price tracking towards the current support region at $0.02019563. The region has held since August. It has been tested 3 times, the more a support is tested the weaker it will become therefore a break could see a move down to $0.017, the low from late June. This however is the less likely scenario right now given both RSI and Stochastic on the 4H chart are oversold. You will notice I have highlighted 3 resistance lines. Each has been a key level in the past. Notice how each one happens to be a round number $0.022, $0.023, and $0.024. Psychologically we naturally see round figures as "nice" prices to buy and sell. The concentrated buying and selling around these prices forms these key levels. Should we bounce from this level I would expect a fresh test of the $0.022 resistance where we could then pullback. The $0.02019563 is by no means impenetrable and for that reason any long position (buy) should be coupled with a stop just below the 0.020 line. A more aggressive stop would be to double sell the break and ride the trade south. As always this analysis is purely my opinion and not financial advice.