Doge-btc
DOGE - 10% Drop Before Next Bull RunDoge is in the process of forming a perfect cup and handle. This last little run has DOGE severly overbought on the 1d RSI and the 1D MACD is about to form a bearish cross. The handle target is around 54 or 55 sats. If we see a breakout above the neckline, the first target is 79 sats, followed by 91 sats. From here, if the bull run continues, the next two major resistance levels are 114 sats and 144 sats.
*My opinion - Not financial advice*
DOGEBTC ,Weekly update: TP3 hit. Total profit 1618 in 21 days.!!New trading suggestion:
*The price is in an up trend and we forecast the uptrend would continue.
*There is possibility of temporary retracement to suggested support line (0.0000004), if so, traders can set orders based on Price Action and expect to reach short-term targets.
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Trade Setup:
We opened 7 BUY trade(s) @ 0.000000399 (day close price) based on 2-day reversal candle (2-day Hammer ) at 03.30.2018 .
Total Profit: 1618
Closed trade(s): 498 Profit
Open trade(s): 1120 Profit
Closed Profit:
TP1 @ 0.000000482 touched at 04.11.2018 with 83 Profit.
TP2 @ 0.000000549 touched at 04.15.2018 with 150 Profit.
TP3 @ 0.000000664 touched at 04.18.2018 with 265 Profit.
83 + 150 + 265 = 498
Open Profit:
Profit for one trade is 0.000000679(current price) -0.000000399(open price) = 280
4 trade(s) still open, therefore total profit for open trade(s) is 280 x 4 = 1120
All SLs moved to Break-even point.
Take Profit:
TP4= @ 0.000000757
TP5= @ 0.000000921
TP6= @ 0.000001075
TP7= Free
Technical analysis:
Dogecoin/Bitcoin is in an up trend and Continuation of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
Relative strength index ( RSI ) is 81.
DOGEBTC 40% + 60% +DOGEBTC 40% + 60% +
Good day!
It looks like DOGE found a new level of support.
The Bollinger Channel narrows. Another shot is possible.
But you need to be very careful in this deal. DOGE is a very speculative coin and the historical support level is very deep at the level of 15 satoshi.
If you take a chance, there may be a chance to try to earn 40 - 60%.
All good luck and good trade.
DOGE - possible head and shoulders pattern?Doge maybe showing a pattern called head and shoulders. if so I used a white line to start from the top of the head to the neck line. this measures how far down the minimum price will be.
Then I simply made an exact copy and put it under the neck line. going down.
this is how you determine where prices could stop.
lets see what happens.
Comment below if you are aware of this chart pattern and let me know if you have ever used this pattern before :)
DOGEBTC close to breakoutBullish :
- Stoch RSI is looking good
- Triangle is forming and volume is confirming this triangle(declining volume)
- TK cross above the cloud and green cloud is forming
- Fast EMA 50 crossed slow EMA 200
- Same thing what we are seeing now happened around may 2017
Note :
Sadly regular RSI is little oversold so after breakout there is a possibility for somewhat bigger pullback/retest, so don't FOMO.
Strategy :
Buy when triangle breaks out to above and in other to prevent from buying into a fake out.
1. Wait until candle actually closes above triangle.
2. It should have some good volume supporting it.
3. If you want to be really safe maybe start buying when resistance broke 78 sat.
Target :
Not a fan of setting target always come up with your own risk management. But I personally am probably gonna look to sell
around the fib levels 1.618 and 2.618 so this is around 119 sat and 184 sat.
Stop loss :
Again decide for your own on the risk you are willing to take. So here I am not gonna give a opinion.
Long the DOGEDOGEBTC has broken the 144SMA on the daily which has been its long term resistance. A break of 0.00000045 from the daily Ichi cloud would confirm this to be a bullish trend reversal with a potential 100-400% upside.
We can enter long trades based on this with a stop loss at 0.00000028
With Bitcoin being bullish, finding bottomed alts like this which are showing signs of trend reversal are gems.
Goodluck.
DOGE looking to break the internet"Don't let your dreams be dreams" - the internet as $DOGE/BTC adds 10 sats. With it's market value around $0.01 USD / coin this isn't something you want to get into but fun to watch non the less as people goof around with the satoshi's they're making in BTC push right now.
Who said you can't have fun while sweating, right?!
1)btc 2)ltc 3) DOGE up for grabs. open source micropaymentOpportunity:
-Doge is old and technically similar/fork to BTC and LTC.
-Investors are biased "can money be funny?" - Money should be popular/well distributed. Micropayments should be funny. You prefer a big lovely community or a small greedy one?
-Doge got low transaction fees to enable Micropayments, which are not feasible with BTC or LTC
-Doge is popular: trends.google.com
-Current price in $ USD is still just below DOGE's high in 2014.
-Why are shady ICOs from 2 month ago more expensive than doge, dont even have a git repository yet:D?
and Why is LTC ten times more expensive?
-By amount of open source contributors on github Doge is number three! Only BTC and ETH got more. Twice as many contributors and issues fixed compared to Litecoin.
-Doge got 4.7% inflation now. In ten years it wil be 3.2% and so on. To ensure miner rewards. This may also help distribution. The decision may be a sign big holders arent greedy or very patient.
- Distribution: Despite it a 1000% increase would improve distribution it is now better than litecoin. bitinfocharts.com VS bitinfocharts.com . Doge even got more than half a million addresses who hold about $0.5 to $100. Many of those may be geeks, games and youth who grew up on the internet, many who dont hold other crypto currencies. If we can make those people's balance grow by a few times that may be enough to reactivate them and make them crypto enthusiasts. What a steal for the whole Crypto community.
MORE/MISC:
-In 2014 events like sponsoring the jamaican olympia bob team would double the price of the currency.
-The biggest DOGE holders could/should make a charity fund of a few million and DOGE may be set to go to a billion.
-Doge was sleepy. Now the doge founder may be up to plan some charity again in 2017. I suggest his employer Adobe to let him free for a significant amount of hours without reducing his salary, so that he can dedicate those hours to doge charity. Even quietly/indirectly this will raise DOGE communitie's-sympathy for Adobe, worth a lot.
-By technical anaylsis/repeating patterns. DOGE may fly while the rest of the crypto bubble is winding down soon. just like DOGE was mocking the crypto bubble in 2014.