Sell DOGE/BTC
My Twitter feed has been filled with doge things the past weeks and I've been here long enough that I think I'm getting pretty good at countertrading my feelings and distinguishing euforia when I see it in the markets. I am pretty confident, like atleast 95% confident that doge/btc will trade sometime this year or in 2022 below 100 sats, and probably 50 sats when the next bear market hits. I'm not encouraging you to short doge/usd by any means, that can lead to a disaster, because if btc is going to 300k, there is nothing stopping doge from going higher in usd terms. That said, the btc pair is sitting at a monthly RSI of 96 and the usd pairs monthly RSI is a stupid 99.69, which is the highest I've ever seen anywhere, it looks surreal, as if the RSI line is flatlining at 100, go and check it out for yourselves xd.
Tonight Elon Musk is going to co-host SNL and maybe talk about doge on air. I think this could end up being a sell the news type of event. On the other hand I saw rumors on twitter that Elon could own 1/3 of all doge and roughly 100k btc and the thread had some pretty solid arguments. The meme is doge to 1$ and I would love to see it but I really can't see how doge could rise much more in btc terms, I mean just look at doges market cap. Plus if btc finally starts climbing aggressively again this summer as I expect, that will also send doge/btc downwards.
Well where and how to short doge/btc? I've not been able to find out personally, tried to do it on binance but they only have dogeusdt futures which I shorted at 72c and took profit at 66c just a while ago. But as I said I don't want to short doge/usd but doge/btc. FTX has a 3x dogebear2021 erc20 token which should rise when the price of doge falls, Barry Silbert tweeted about it and it coul bee quite good R:R, you can't get liqudated, one contract is like 180$ and if doge crashes it could rise to thousands, but the contract seems sketchy and has very low liqudity. Would love to hear more about it if some of you know anything about it. And does anybody know how/where I could short doge/btc?
TLDR; short doge/btc if you can find it somewhere, I havn't been able to. If you know how, please comment!
Tonight Elon Musk is going to co-host SNL and maybe talk about doge on air. I think this could end up being a sell the news type of event. On the other hand I saw rumors on twitter that Elon could own 1/3 of all doge and roughly 100k btc and the thread had some pretty solid arguments. The meme is doge to 1$ and I would love to see it but I really can't see how doge could rise much more in btc terms, I mean just look at doges market cap. Plus if btc finally starts climbing aggressively again this summer as I expect, that will also send doge/btc downwards.
Well where and how to short doge/btc? I've not been able to find out personally, tried to do it on binance but they only have dogeusdt futures which I shorted at 72c and took profit at 66c just a while ago. But as I said I don't want to short doge/usd but doge/btc. FTX has a 3x dogebear2021 erc20 token which should rise when the price of doge falls, Barry Silbert tweeted about it and it coul bee quite good R:R, you can't get liqudated, one contract is like 180$ and if doge crashes it could rise to thousands, but the contract seems sketchy and has very low liqudity. Would love to hear more about it if some of you know anything about it. And does anybody know how/where I could short doge/btc?
TLDR; short doge/btc if you can find it somewhere, I havn't been able to. If you know how, please comment!
Disclaimer
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.