Long

DOGE to play dead again?

Updated

It's no secret I am a DOGE bull :D But I don't talk too much about low timeframes because the case for DOGE is on the macro chart. But there is an interesting pattern about it. It plays dead. So the idea is that it plays dead again for 1-2 months.

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The idea would be reacc with a spring. SHIB is also interesting here. It moves first?

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I don't think SHIB would explode before a month at least too. It would be probably like "Look it's nothing I'm crawling up but I'm so weak." for a long time.

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Retail is still excited about DOGE. You can see it. Nothing comes close.

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Maybe this time is different :D I think we should do this at least. Key point is it's clear that you better have some DOGE.

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Don't look at SHIB. It is so weak ;)

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Yeah yeah it's absolutely nothing man. It's immediately over after a solid explosive move.

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SHIB looks insane.

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DOGE LTF is being more unpredictable than I thought it'd be honest. Like I said in the description of this idea, the bull case is on the macro chart. And I can't see a bear case on it. This is pretty much it. If it does something that we can identify as significantly bearish, we can reconsider.

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You open up the weekly chart and say "OK this makes sense." You go lower than that and it's honestly chaos.

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If you ask me I'd still say we need a pullback and accumulate type of thing but again hard to predict.

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What if it keeps looking ugly like this? Idk.

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So I think all this probably means "No easy money." And that is perhaps a good thing for the coming months.

mitsandwits

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