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Doge-btc

If the standard is based on trusting someone, you can't escape f Almost all the tokens in the market were spared this cascade dive. Bitcoin is down more than 50%, and shanzhai is down even more. But it is not surprising that the currency has fallen so much, as it always has. As I said before, take a map of the top 20 market values and look at them a year later. There are still a few more. Since 2018, those boastless Niucoin, EOS, DASH, XEM, ZEC, ONT... It is estimated that many new currency people do not necessarily know. Remember in 2018, there were only 20 billion dollar deals. Now there are more than 70. If the next bear market passes, how many will remain? Thanks to Musk's support, DOGE has now eclipsed 99% of the coins, and its market value is stable in the top 10. So as long as Musk's support, is it certain to be invincible? The answer is no, we've seen two retractions, both over 60%, and if you add leverage, the chances of survival are even smaller. Even spot, at least you will be terrified, long-term in such a market environment, it is easy to let people aging. That's why the currency circle has been around for ten years. If we look at the technical action of the DOGE, the rally happens to be subject to two trend lines, one is the downtrend line (blue), if it fails to break out, it will form a downtrend channel. Another is the extension line of the left high point (dashed line), if cannot break through, form form of head shoulder top likely. So from a technical point of view, if you can't break the trendline here, it means the downtrend is not over. Many people like to mindlessly believe in certain "leaders", let alone cheat or not cheat, but people have their own limitations, so if our standards are based on the so-called "trust in someone", it is very terrible. There are enough similar things happening in history. It is impossible to beat the market, but you can make the most of your greed and fear, and use trading discipline to help you escape your fate.
by peter-l
4
BITCOIN - WE REPEATED THIS PATTERN IN 2013! PRICE PROJECTIONAnalysis Bitcoin repeated this very similar price action back in 2013 In both cases, price had printed several consecutive green candle months This price action is highly unhealthy and unsustainable which resorts to extreme corrections as we have just seen recently in the week commencing Monday 17th May 2021 where we saw 60+% corrections from the ATH across the board for the whole market This was far different from the 2016-2017 bull market run-up where there were 1/2 red monthly candles printed after every consecutive set of a few green monthly candles As a result, this correction was inevitable as the market was far too euphoric and leveraged This is very similar to the price action in 2013 as it also was the case that several green consecutive monthly candles were printed without considerable retracement As expected, a huge 70% correction followed via 3 red monthly candles After this, price resumed it's action to print the bull market ATH as the cycle ended I believe this is exactly the situation we are in as of now (W.C Monday 17th May 2021) and believe that, after price consolidates and the monthly red candles are printed, we will resume the bull market to $200,000+ Summary: Highly unsustainable price action resorted in a massive crash akin to 2013. Price will consolidate for the rest of Q2 and resume it's up-trend to ATH's
INDEX:BTCUSDLong
by JayanVarsani
5
Crypto news & updates going into the weekend week 2This weeks main event was clearly Elon's Tweet dropping the Bitcoin price! BTC Who will be the next Tesla darling? Everyone is trying to woo Elon Musk after he dropped Bitcoin? Elon Musk once again rocked the crypto world, but this time instead of shilling Doge, the Technoking of Tesla dropped a bombshell that Tesla would no longer accept Bitcoin payments for cars and that they are “looking at other cryptocurrencies that use <1% of Bitcoin’s energy/transaction.” Almost immediately the crypto market lost $365 billion in value as people sold across the board. Now almost every project is clamoring for Musk’s attention as though the Imperator of Mars is holding a ball to select a new bride. But who will be his Cinderella? Source; www.crypto-news-flash.com Linked closely to Mr Musk - Doge Coin; How Elon Musk Crashing Bitcoin To Grow Dogecoin Is A Silly Move... Many cryptocurrencies are now showing off their “greenness” to a passing Elon Musk. Only two things are clear for the moment: 1) No other cryptocurrency comes close to the energy use of Bitcoin, and: 2) Whatever other coins Elon may be interested in, they are now on sale! Doge leaps as BTC retreats - www.reuters.com =================================================================================================================================== Cardano (ADA) Bitcoin plummeted nearly $9,700 in the two hours following Musk's tweet – a drop of about 17%. Most other cryptocurrencies, as they usually do, fell along with Bitcoin. But not Cardano (ADA) – after a brief drop, it reversed course and started powering toward an all-time high. Why the Cardano Price Hit a Record High Although Musk did not mention Cardano in his tweet, he did drop an intriguing hint that immediately sent crypto Twitter sleuthing. "We are also looking at other cryptocurrencies that use <1% of Bitcoin's energy/transaction," Musk said. It didn't take long for people to guess that Cardano could very well be at the top of Tesla's list. ================================================================================================================================== XRP Starting to see a theme here; Elon Musk handed Ripple the best ad campaign for XRP: Crypto Attorney... One crypto enthusiast, and a renowned attorney, believes this is the best ad campaign Elon could have handed to Ripple and XRP, and it was on a silver platter. Source; www.crypto-news-flash.com ================================================================================================================================== TRX - Tron Nothing major to report here. Can be seen in the price action - pretty sideways. =================================================================================================================================== THETA Similar again for this one; The Theta price declined today as investors continued to worry about high-interest rates and the decision by Elon Musk to stop Bitcoin payments. THETA is trading at $9.6835, which is about 40% below its year-to-date high of $15.88. ================================================================================================================================= XML BORING This week. ================================================================================================================================== BTT 5% + rise today Price Change 24h $0.0003166 5.36% Anticipating a rise here. ================================================================================================================================= ETH Ethereum Drops 9%. Is This a Buying Opportunity? Source; www.fool.com ================================================================================================================================ LTC Corrections over the last 24 hours notwithstanding, Litecoin, the silver to Bitcoin’s gold, has been consolidating its position in investors’ portfolios for quite some time now. After oscillating in the $40 to $60 price bracket for a few months in 2020, Litecoin managed to break its monotonous trend and gradually picked up momentum on the back of Bitcoin and Ethereum’s price performances. At the time of writing, the alt was trading around the $330-mark. "Van de Poppe further asserted that once LTC breaks past its previous ATH, its upward trajectory would be “pretty phenomenal.” He also pointed out, “ETH has broken from its old ATH and has rallied roughly 156 percent. If we do the same simplistic math and extrapolate this rally for LTC in the future, then we’re going to get closer to a $900 Litecoin.”" -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- As per usual - have a great weekend and for further & advanced education - Discord in the Signature below; Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
KRAKEN:XLMUSD
by Mayfair_Ventures
13
BITCOIN HAVE FIRST CONFIRMATION FOR INCREASE TRENDHello trading friends, I hope you have a great day, also with the last breakdown trend of bitcoin. we know all Elon musk did support the breakdown trend with the last tweet, and in our before chart, we did add if we break down 50K, we will break down more. What is next? As long we hold 46800, there is no reason to sell bitcoin for those hodl. Bitcoin tries to find an increasing way back into the trend, and we should see the second confirmation. 49500 should be a great second confirmation for the trend. # manage your riks fine, as there is also a way that it can break down if we break down 46800. As long it's above this price, there is no reason to sell bitcoin # ITS ONLY ABOUT TIME BEFORE SLEEPING GIANT DOUBLE 100% ---> IOTX For more updates like/follow Thank you
Long
by watchtrend
3
Doge plummet caused by 4-hour top divergenceTechnical indicators can not solve the problem on the left side, but when used on the right side, the effect will be very obvious. Doge, although we cannot know when he peaked and how much, we can strictly implement the strategy on the right. If you can stick to the standard every time, you won't be harvested. This is the value of technical indicators, which are more reliable than so-called news. More suitable for retail investors. But everything is beyond greed and fear. Because as long as you ultimately decide to trade, it is easy to be controlled by emotions.
by peter-l
Doge looks similar to BTC in 2012I was comparing Doge to the 2017 BTC bullrun, and then noticed that it looks quite similar to the 2012/2013 run. With all the hype, mania, and new people buying into Doge at the peaks, I think this could come down very hard when it gets up around a dollar. An 80% drop would bring it down to 20 cents or less, depending where it falls from. Although with all the Elon hype i'm not sure if it would drop that far, but I guess we'll see soon enough. A lot of new investors buying the top could have a very rude awakening soon enough.
BINANCE:DOGEUSD
by edwinbona
A crash to 0.3 with two golden ratio confluence of AB and AD legIf market will crash, 0.3 would be my price level to re-enter long or my price of interest for me to take a long/buy trade upon confirmation. A bearish divergence can also be observed! A confluence of two golden Fibonacci ratio of 61.8 AB and AD structure can be seen and a bearish APF has been completed already near 0.7 (psych. price) giving market a reaction right away. I could be wrong. Took a long/buy trade since 0.02 - 0.05 and will proactively managed my positions from there. Abbreviations / Keywords: LTF - Lower Time Frame HTF - Higher Time Frame TF - Time Frame TRS - Trend Reversal Strategy CRT - Counter-Retail Technique / Break-out APF - Advance Pattern Formation W4C - Waiting for Confirmation SL - Stop loss TP - Target Profit POR - Point of Ruin Risk Disclaimer: This is not a trade signal hence we'll not be held responsible for any losses that will occur in your account during trading. You and you alone are responsible for deciding if you are comfortable accepting the potential risk involved in trading. So trade at your own risk and do not invest money you cannot afford to lose.
by TheForexSamurai
Kiss the 200MA one time and then kiss it goodbyeAs we all know, alt season is in full swing and about to come to an end (you too, DOGE). Maybe not for a couple more weeks, but imagine Litecoin will have a blowoff top and that will end the fun and games. Once altseason ends, very possible we get an alt sell off which brings the whole market down, BTC included. I remain bullish overall, and we can easily see a new higher high in Bitcoin with for example an announcement of an ETF, or the US fed switching the reserve currency to bitcoin... but in all likelihood, the ETF announcement does not happen until June (which will cause a massive buy opportunity for BTC potentially), and for now we are at the BEARlin wall. 58k is the top for bitcoin right now, and I foresee a move to 40-43k, which is at the 200 MA, and from there a big pump up (maybe on ETF announcement in June), and a handle of sorts to create a beautiful inverse H&S to put us back on track and into the bull market. Best of luck trading. C
COINBASE:BTCUSD
by Casey22
2