$DOGE- TEST, 4H : #2 (UPDATED)
Morning, guys.
Hate to be the bearer of bad news but ZB went from 2nd, with a modest lead over 3rd, to almost dead last in traffic since this chart was made. Disapointing to see their traffic slashed by 90% vs. the peak (since the debut of Doge on their exchange). Looks the shiny new toy got old fast after the gains stopped being automatic. I'm sure it''ll pick up once the gains start coming back but to what extent? It was more than doubling Gate easily at the peak for the first few days. Another thing I noticed is how badly Doge is doing on US exchanges but better in foreign exchanges. That should change as Bittrex added another pairing recently. Either way, nice dips presented themselves recently and still do ATM and the trend is still favorable as a massive pullback was needed after the insane run Doge has had.
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I am trying to visualize the price action as if I were entering a position based on the data until I am confident enough to do it in the market.
DISCLAIMER: I AM PERSONALLY GOING LONG WITH DOGE BUT WANT TO TRACK/TAKE NOTE OF PRICE MOVEMENT IN DIFFERENT SCENARIOS, MORE THAN ANYTHING ELSE, WHILE LEARNING TO USE THE TOOLBOX + LEARNING TECHNICAL ANALYSIS .
These are just theories I am testing out to see what I need to adjust based on results.
________________________________________________________________________________________________________
Leave me a comment if you see something I need to change, I'd appreciate it.
THIS IS NOT FINANCIAL ADVICE.
Hate to be the bearer of bad news but ZB went from 2nd, with a modest lead over 3rd, to almost dead last in traffic since this chart was made. Disapointing to see their traffic slashed by 90% vs. the peak (since the debut of Doge on their exchange). Looks the shiny new toy got old fast after the gains stopped being automatic. I'm sure it''ll pick up once the gains start coming back but to what extent? It was more than doubling Gate easily at the peak for the first few days. Another thing I noticed is how badly Doge is doing on US exchanges but better in foreign exchanges. That should change as Bittrex added another pairing recently. Either way, nice dips presented themselves recently and still do ATM and the trend is still favorable as a massive pullback was needed after the insane run Doge has had.
________________________________________________________________________________________________________
I am trying to visualize the price action as if I were entering a position based on the data until I am confident enough to do it in the market.
DISCLAIMER: I AM PERSONALLY GOING LONG WITH DOGE BUT WANT TO TRACK/TAKE NOTE OF PRICE MOVEMENT IN DIFFERENT SCENARIOS, MORE THAN ANYTHING ELSE, WHILE LEARNING TO USE THE TOOLBOX + LEARNING TECHNICAL ANALYSIS .
These are just theories I am testing out to see what I need to adjust based on results.
________________________________________________________________________________________________________
Leave me a comment if you see something I need to change, I'd appreciate it.
THIS IS NOT FINANCIAL ADVICE.
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