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Dogeforecast

$DOGECOIN Fractal'sFractals Fractals Fractals... I feel blessed for the opportunity to trade these beautiful formation. What is a fractal you ask? Well, a fractal is a recurring pattern that exponentially increases/decreases in size and structure. The more geometric the fractal, the higher the probability is of the pattern continuing either bullish or bearish. Ask yourself, "Which side of the trend am I on?." Now that we know what a fractal is, can we see any repetition of structure inside Dogecoin? Taking a look at the 12hr chart, I have marked down three fractal patterns in which i feel have very strong bullish implications. Remember that fractals can vary in geometric size and proportion, so the next thing to watch for is repetition. Can we see any similar patterns playing out repeatably? If so we may be inclined to believing a fractal is in its progression. Now, enough talking... How about we analyze this chart! Fractal 1 gives us a very large bull run followed by an ABC falling wedge retracement back to the trend line. Break outs from falling wedges are a very profitable trade set up that we often see inside crypto. Large rallies often produce these falling wedge patterns due to the fact crypto is very explosive and 70-95% retraces happen quite often. Dogecoin happens to repeat this falling wedge fractal often and if we look through the history of Doge's Market Cycles, we can see this very clearly. Once prices fell back onto the trend line, buyers moved back into the market. This caused a breakout of the falling wedge, and a nice bull rally immediately pursued afterwards. Now, this is where we see the first signs of a repetitive fractal pattern forming. If we look closely at the second fractal we can see prices retrace in the same ABC Falling Wedge as the first market cycle, The only difference is the size of the market cycle compared to the first. The size is smaller because this is only the first bullish move inside an even bigger market cycle forming. Lastly, we take a look at fractal three. It may be beneficial to zoom closer and get a better view of what is going on. Like the first two fractals, once price lands on support of the trend line we see a major bull break followed by the ABC Falling Wedge retrace. Now are you beginning to see the repetitive market structure inside of Doge? We are nearing an end to the ABC retrace of fractal three and a breakout of major descending resistance marked by the Grey line. A breakout of the Grey line would ensure a major bull run will follow along with a bigger more explosive market cycle similar to the one we experienced last summer. Get your backs packed, were nearing alt season once more! Thank you for tuning into todays fractal lesson! I hoped i was able to teach you something and show you one of my favorite patterns to trade. Please message me or comment any questions you may have below :) God Bless, JolleyCrypto
by UnknownUnicorn846565
2
DOGE TO A NEW ATH THIS YEAR - Future Bitcoin?Chart is self explanatory, without even looking at it you should know that DOGE will erupt this year like never before. Future Bitcoin is just a joke that was seriously talked about on BBC and CNBC. We will be going into this trade harder and stronger this year for maximum profits. Members will get more info regarding how to trade this coin. Chart is self explanatory - target in USD is $75 - Stop losses might be necessary for investors not watching ETC market continuously.
Long
by CryptoManiac101
13
DOGE on major profit potential this year? - (L)This is a low risk trade if you follow guide to Stop loss at 35 and re-entery points at demand zones with further SL at 5% - 10% We are currently in a falling wedge with Doge and as it is visible on chart we have hit our 'bottom' in terms of form bounce on demand zone. This is a very positive sign in terms of future movement of Doge. MACD has been in accumulation faze for quite some time now. RSI is healthy and is neutral, meaning that it is not bearish to bullish which is a positive state of RSI in our current situation. Despite what your thoughts on DOGE might be, worthless or undervalued, we are looking at signs here and historical movement. Question? Comment below and leave a like! Invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors.
by CryptoManiac101
3
Dogecoin, Much Upside, Year of the DOGHello friends and welcome to my analysis of Dogecoin. Taking a look at the 1 day candles, you can see that Dogecoin has retraced considerably, at one point reaching the 78.6% retracement for a brief moment before recovering above the 68% fib level support zone. Important to note here, is the overall trend line serving as support for Doge during in recent failed attempt at a breakout. While Doge has retraced considerably, one must keep in mind the overall state of the Altcoin market due to the fluctuations of BTC. Taking a look at the previous rally, it is important to note the two circled areas of increased strength which allowed Doge to reach its ATH. While previous performance is by no means an absolute confirmation of future performance, there are many reasons to consider a possible second breakout from this coin. 1) The retracement of Dogecoin was in part largely impacted by BTC fluctuations. If you have been paying attention at all to the most recent price action of the Altcoin market, in general most coins have retraced considerably in the ensuing bloodbath. 2) While purely speculative, February 14th, marks the beginning of the year of the Dog. If there is any moment in time for Dogecoin to make a run to break its current ATH, the time is now. 3) Confirmation of work alongside Etherium to solve scalability issues. While it is difficult to know exactly how this will play out in the long term, this gives insight to the usability of this coin. twitter.com 4)Personal pure speculation. If you had been watching the most recent price action of coins such as XLM and XRP, they recently surged in price and volume due to rumors that they may be added onto coinbase, until the CEO of coinbase shut down such rumors. While we do not know which coins will be added in the future, I dont mind taking a small risk on a coin that has potential as a candidate. Dogecoin has the cheapest(percentage) fee involving transfers of digital currency across exchanges. Thinking into the mind of a multimillion dollar exchange such as coinbase, there is plenty of upside for coinbase adding such a coin in the near future. I do not make these statements as truth, but rather a personal opinion on the future potential of the market. As a short term target, look for a breakout near 93 satoshi flying towards the 1.6 fib extension of 174
Short
by P1ratekingLuffy
2
YEAR OF DOGE 2018 - over 10x Potential (HIGH RISK)Robinhood NEWSDOGE is a phenomenal coin is sense of its growth. It has enormous upside to it, including getting listed on Robinhood exchange this Q1-Q2 of 2018 which will just make the market go wild, especially since Doge is very cheap and although that plays no role in reality, it has a great effect of psychological state of people. We tend to think that the, "Cheaper this coin is, the bigger is the potential to get 'rich fast'." - that is not true, however you will not change how people think, only take advantage of it. I wish you all luck, plus to give you guys a rumor... Coinbase is said to be adding several new cryptocurrencies to its platform, and one of those will most likely be DOGE Coin. INVEST ONLY WHAT YOU CAN AFFORD TO LOSE
Long
by CryptoManiac101
2
DOGE Wave Coming To A Close - Historical Analysis Vs NowDOGE has been working like clockwork. It has gone up and down several times in 2016 and one time last summer in 2017. Now it is finishing its most recent wave. The question remains - are we done with DOGE or is this part of a bigger wave trend? When we compare our current DOGE position with the last pump which peaked in May of 2017 we notice a few interesting things based on the RSI, MACD, EMA, wave counts. and candles. 1. RSI. DOGE's relative strength index has peaked will be dropping soon. It has spent too long in the overbought zone above 70 RSI and needs to consolidate to gain strength. Typically, two major bounces above 70 are a best case scenario for a coin. DOGE is the exception and has demonstrated that it can handle up to 6 bounces before down turning. 2017 Historically: DOGE reached into the overbought zone 5 times over the course of April and May 2017 pump (with two other points very close). The RSI support zone was around 51. Now: DOGE has spent much more time in the overbought zone during this current wave. It has had two definite peaks, but it is resetting to an RSI support zone of around 65. This may not give it room to continue bouncing. A break in this RSI support could signal a continued downtrend. 2. MACD. DOGE's MACD follows a great pattern to follow on these pumps. It shows a steady climb, double crosses on the way up, and "snaps through" at the top to signal a downtrend. When there is a major "snap through" (lines directly cross like an X) at the top and the MACD line (blue) crosses the signal line (red), DOGE begins its down trend. This is demonstrated historically in all pumps except for the June 2015 pump where the lines crossed a second time after the top before trending downward. 2017 Historically: The MACD double crossed on the way up, and the histogram trended down after a MACD major snap through. Now: We already saw the double cross on the way up, and the histogram is beginning to trend downward. I appears that the MACD is setting up for a snap through, but we need to confirm that it will actually happen. 3. EMA. DOGE's EMA can help up define our position over the longer term. I am using a 9 bar EMA on the chart. We can using this to help find our wave counts later. 2017 Historically: The EMA formed peaks during each wave and shows a great wave count. Now: We are lacking clearly defined EMA peaks. If our current downtrend continues we should get a peak and can use it to confirm or change our analysis. 4. Wave Count. DOGE's wave counts recently showed a 5-3 pattern with a 12345 up and ABC down. The clearness of the waves depends on the market makers conducting the pumps, amount of money moved, and can be hard to find in earlier pumps in 2016 (on the 1 day scale for example). 2017 Historically: We have a clean 12345 wave impulse with an ABC correction. The graph is distorted though since waves 4 vs A and 3 vs B are not consistent. The EMA helps us confirm the waves. Now: We can find a rough 12345 wave movement on our last impulse wave. The EMA doesn't help us confirm it as well as the last pump. If we are setting up for an ABC correction, we could see a dip to around 70 Satoshis and a bounce to near 90 Satoshis. 5. Candles. DOGE's wave tops are highlighted with wicks. 2017 Historically: We can see the resistance and huge push back at 150 Satoshis with the three wicks. Now: We did see a push back at 100 Satoshis with three smaller wicks. This signals the end of the wave, and an extended consolidation phase based on the RSI, and MACD indicators. So, is the pump done? Looking at everything we have here, this wave is over. We topped 100 Satoshis, trending well with past pumps, and are ready for a correction. There is a possibility it could consolidate around 60 Satoshis and climb higher, but its unlikely at this time. Set stop losses to avoid getting stuck in this coin until the next pump
Short
by jollygreen
14