WIF #108
Meme coins have been decimated since November and dogwifhat was recently down a whopping 92% since November high.
This coin was a pump chaser favourite this time last year and if it pumps again then it could yield significant multipliers from down here.
It recently had a small bounce from the 1:1.618 Golden Window extension.
This extension is often but not always a significant ratio band.
For example it was a similar distributive extension that captured the TOTAL low for this cycle:
But this is still quite dangerous here because the downtrend is unbroken and we're only seeing the early signs of crypto potentially warming up.
In addition stock indexes look very dangerous and if they dump then a dog coin like this will go tumbling down.
But I think the signs are that crypto really is coming out of a high time frame correction...
So an ideal positional buy may be possible here.
And I may add more if we continue to see positive signs in crypto.
I dont like to hold too much meme coins but I think it can be good to own some because they can pump very hard when the time is right.
I bought some here ✨.
Not advice
Meme coins have been decimated since November and dogwifhat was recently down a whopping 92% since November high.
This coin was a pump chaser favourite this time last year and if it pumps again then it could yield significant multipliers from down here.
It recently had a small bounce from the 1:1.618 Golden Window extension.
This extension is often but not always a significant ratio band.
For example it was a similar distributive extension that captured the TOTAL low for this cycle:
But this is still quite dangerous here because the downtrend is unbroken and we're only seeing the early signs of crypto potentially warming up.
In addition stock indexes look very dangerous and if they dump then a dog coin like this will go tumbling down.
But I think the signs are that crypto really is coming out of a high time frame correction...
So an ideal positional buy may be possible here.
And I may add more if we continue to see positive signs in crypto.
I dont like to hold too much meme coins but I think it can be good to own some because they can pump very hard when the time is right.
I bought some here ✨.
Not advice
Trade active
WIFThis low time frame fractal looks quite nice and shallow.
Its all snowflakes down on LTF but this might be cause building for a move up 👀.
Trade closed manually
Bitcoin is printing a bearish fractal and is threatening another dump.So I have exited all high risk altcoin positions for now.
I may make a Bitcoin video in the next day or so if it hasn't yet dumped, so have your notifications on for my pages if that is of interest to you 👍
Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
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.
Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
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.