DogecoinUpdated $DOGE is in accumulation Phase D: Get ready for liftoff.
NOT FINANCIAL ADVICE
NGL, I'm still a novice student of Wyckoff Method, but take this study with a pinch of salt, please.
19 MAY: Preliminary Support (PS)
[First signs of market distress is seen. Supply is being dumped.
22 JUN: Selling Climax (SC)
We see capitulation ending here
25 JUN: Automatic Rally (AR)
Because intense selling pressure has gone, bargain hunters push price back up easily.
20 JUL: Secondary Test (ST)
Price revisits near SC to test the supply/demand(support). Comparably low volume indicates we are seeing a bottom.
16 AUG: Signs of Strength (SOS)
DOGE advances as volume/demand increases gradually.
4 OCT: TEST (of supply)
Bulls give bears a last try to flex whileDOGE is within the trading range, but as seen here, bulls are currently winning and has begun attracting..
28 OCT: Signs of Strength (SOS)
.. whales! A lone, large green candle punctures the chart -- possibly a
SHIB whale throwing DOGE a bone?
Today: Last Point of Support (LPS)
This is where price backs up towards the 'spring' as bulls dare the bears to take back control.
Now I know what some of the disbelievers are going to say -- thatDOGE has too much inflationary pressure and will only go lower and lower and lower and..
While those words may ring true, in crypto though anything is possible.
The best that we can do is to utilize whatever tools we have learned and make the best educated guess at the market.
Thanks to Wyckoff Method, mine is that there could be one last time to give yourself a chance at the lottery.
As Wayne Gretzky famously said, "You'll miss every shot you never take."
Until next time, happy trading!
NGL, I'm still a novice student of Wyckoff Method, but take this study with a pinch of salt, please.
19 MAY: Preliminary Support (PS)
[First signs of market distress is seen. Supply is being dumped.
22 JUN: Selling Climax (SC)
We see capitulation ending here
25 JUN: Automatic Rally (AR)
Because intense selling pressure has gone, bargain hunters push price back up easily.
20 JUL: Secondary Test (ST)
Price revisits near SC to test the supply/demand(support). Comparably low volume indicates we are seeing a bottom.
16 AUG: Signs of Strength (SOS)
DOGE advances as volume/demand increases gradually.4 OCT: TEST (of supply)
Bulls give bears a last try to flex while
DOGE is within the trading range, but as seen here, bulls are currently winning and has begun attracting..28 OCT: Signs of Strength (SOS)
.. whales! A lone, large green candle punctures the chart -- possibly a
SHIB whale throwing DOGE a bone?Today: Last Point of Support (LPS)
This is where price backs up towards the 'spring' as bulls dare the bears to take back control.
Now I know what some of the disbelievers are going to say -- that
DOGE has too much inflationary pressure and will only go lower and lower and lower and.. While those words may ring true, in crypto though anything is possible.
The best that we can do is to utilize whatever tools we have learned and make the best educated guess at the market.
Thanks to Wyckoff Method, mine is that there could be one last time to give yourself a chance at the lottery.
As Wayne Gretzky famously said, "You'll miss every shot you never take."
Until next time, happy trading!
Note
SPRING condition has not been met.As pointed out by one of the great community member in the comments below, it is critical to note that 'SPRING' has not yet been achieved -- as price has not touched prior SC levels.
Any price uptrend heading towards $0.355 could be an SOS, even if it breaks previous SOS highs.
Will need a price confirmation again.
Seems like the lone 28th Oct whale, wasn't met by its peers, who are still lounging around $0.15.
So now, we waddle in the creek while we wait for the spring.
Note
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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.
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.