Doge BTC is at a 0.618 retracement zone, order books are stacked with lots of support at these regions.
Best case scenario is a surge in volume at these levels (38-40) with price closing above short term highs.
Would be very wary if price revisited 29 sats again.
Also, Bitcoin Dominance chart looks weak, with more money flowing into the alt coins. BTC itself is also trapped in a very long consolidation pattern between 8.9 and 9.5k.
A break in either direction for bitcoin could signal the end of the 'alt season' as people transition value into their favorite bluechip crypto.
Sentiment should become clear in the next couple of days. When examining previous pumps in doge coin it's clear that the full extent of the move can take up to 1-3 weeks to fully realise.
Best case scenario is a surge in volume at these levels (38-40) with price closing above short term highs.
Would be very wary if price revisited 29 sats again.
Also, Bitcoin Dominance chart looks weak, with more money flowing into the alt coins. BTC itself is also trapped in a very long consolidation pattern between 8.9 and 9.5k.
A break in either direction for bitcoin could signal the end of the 'alt season' as people transition value into their favorite bluechip crypto.
Sentiment should become clear in the next couple of days. When examining previous pumps in doge coin it's clear that the full extent of the move can take up to 1-3 weeks to fully realise.
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Remaining bullish so far, as price has not made any lower lows.We are seeing volume beginning to increase.
I am waiting for some conviction here before adding any more to my position.
A breach of 37 sats is a bad sign I think will signal to the market we are poised to go lower and may result in price drifting back to 30 sats.
A break below 29 sats and I believe it's all over.
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Have also just noticed this falling wedge - high probability in a bullish alt-coin market, which is indicative when we see BTC dominance falling.Much wow,
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We're at the apex with a lot of time spent within the falling wedge. Typically falling wedges that move to its extremes like this result in more explosive moves. Seeing large buys and sells on either side. If alt coins are in a bullish market then this is a nice high probability set up, if we're not in a bullish market then this is coin flip.come on u goode boye
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good morning good boyes and girls. Doge is sitting pretty here, waiting on volume before getting too excited. My confidence will increase when we take out 44 sats. And i'll be convinced it's a rocket ship if we take out 52 sats. Target anywhere from 80-110Note
no action from the bulls. no volume. disappointing efforts. a break below 32 would be invalidation for me
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.