SUMMARY
DIGIBYTE (DGB) has retraced deeply like the rest in Cryptosphere. The abc (red) retracement fit very well into a wedge pattern and this is bullish. While the decline has been as far as it can be from pleasant; thought a good experience for any who hadn't been through a major correction; the bullish nature comes into perspective because as the sellers have done all they can; the bulls are the only ones that remain. The expected impulse wave of five has started with waves 1 and 2 complete and 3,4,5 remain next.
The longer term perspective is what becomes truly mind steadying. IF the coming wave 3 (white) is 2.618 the length of wave 1 (blue); then all time new highs are not too far off. Wave 3 could often be 3.618 extension. This is likely because unlike most Altcoins, DGB is a bit more mature in wave progression. What does this mean? Wave 1 and 2 are complete and wave 3 is in progress and already subwaves 1 and 2 of 3 are complete. This means wave 3 of 3 is soon, if not already, to start!
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