Dogecoin / TetherUSShort
DOGECOIN CRASH 2023 🚨
What's good traders/tradingview fam 🙌🏾 hope all is well, here are my thoughts on DOGECOIN
I believe strongly that DOGECOIN will continue to crash going into 2023 because of these 3 reasons which are aligned with my trading strategy
1. I found a profitable Bearish Candle that has 4 specific principles (1. The (RED MA) is above this Bearish Candle and (BLUE EMA), 2. This Bearish Candle has a flat top, 3. This Bearish Candle is below the Ichimoku cloud, 4. The previous wick of this Bearish Candle is greater than 217 ticks
2. This profitable Bearish Candle has 2 advantages over the last Bearish Candle that was successful
- The (RSI INDICATOR) on this Bearish Candle is lower than the last bearish RSI (4), by 1 (THE LOWER THE RSI IS - THE MORE EFFECTIVE AND PROFITABLE THE BEARISH CANDLE BECOMES)
- The previous wick of this bearish candle is greater than the last bearish previous wick (217), by 17 (THE GREATER THE PREVIOUS WICK - THE MORE EFFECTIVE AND PROFITABLE THE BEARISH CANDLE BECOMES)
3. This RESISTANCE LEVEL #3 as you can see on the chart has the power to push the price down 40% in the next 10-15 days because it has more bullish candle wicks touching it than the previous RESISTANCE LEVEL #2 which was able to push the price down 29.50% in 10 days (DECEMBER 9 - DECEMBER 19) - understanding that for a resistance level on this pair to be effective and influential = 39 bullish candle wicks must be touching that level of resistance.
THIS NEW RESISTANCE LEVEL #3 HAS 93 BULLISH CANDLE WICKS TOUCHING IT MAKING IT EVEN MORE EFFECTIVE AND INFLUENTIAL THAN IT PREVIOUSLY WAS
(BETTER VIEW OF MY CHART 🌇)
(MY TARGETS 📊)
1. 0.05600
2. 0.04500
3. 0.04000
RISK MANAGEMENT APPLIED
*MAXIMIZE WINS MINIMIZE LOSSES
click the boost if you support this idea I would really appreciate it, family 💚
GLORY BE TO GOD AND THE LORD JESUS CHRIST 🤴🏿
I believe strongly that DOGECOIN will continue to crash going into 2023 because of these 3 reasons which are aligned with my trading strategy
1. I found a profitable Bearish Candle that has 4 specific principles (1. The (RED MA) is above this Bearish Candle and (BLUE EMA), 2. This Bearish Candle has a flat top, 3. This Bearish Candle is below the Ichimoku cloud, 4. The previous wick of this Bearish Candle is greater than 217 ticks
2. This profitable Bearish Candle has 2 advantages over the last Bearish Candle that was successful
- The (RSI INDICATOR) on this Bearish Candle is lower than the last bearish RSI (4), by 1 (THE LOWER THE RSI IS - THE MORE EFFECTIVE AND PROFITABLE THE BEARISH CANDLE BECOMES)
- The previous wick of this bearish candle is greater than the last bearish previous wick (217), by 17 (THE GREATER THE PREVIOUS WICK - THE MORE EFFECTIVE AND PROFITABLE THE BEARISH CANDLE BECOMES)
3. This RESISTANCE LEVEL #3 as you can see on the chart has the power to push the price down 40% in the next 10-15 days because it has more bullish candle wicks touching it than the previous RESISTANCE LEVEL #2 which was able to push the price down 29.50% in 10 days (DECEMBER 9 - DECEMBER 19) - understanding that for a resistance level on this pair to be effective and influential = 39 bullish candle wicks must be touching that level of resistance.
THIS NEW RESISTANCE LEVEL #3 HAS 93 BULLISH CANDLE WICKS TOUCHING IT MAKING IT EVEN MORE EFFECTIVE AND INFLUENTIAL THAN IT PREVIOUSLY WAS
(BETTER VIEW OF MY CHART 🌇)
(MY TARGETS 📊)
1. 0.05600
2. 0.04500
3. 0.04000
RISK MANAGEMENT APPLIED
*MAXIMIZE WINS MINIMIZE LOSSES
click the boost if you support this idea I would really appreciate it, family 💚
GLORY BE TO GOD AND THE LORD JESUS CHRIST 🤴🏿
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.
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.