Man, That's Dope!There's a lot of hype around the weed coins at the moment. Apparently there are a lot of countries going to legalize weed in the new year. I don't trade based on this info, but here's a chart with my thoughts.
Dope
DopeCoin (DOPE-BTC) forming cup and handle pattern TA updateDopeCoin (DOPE-BTC) has seen bullish momentum since it broke out the long term descending triangle last week. Three days ago, in my previous DopeCoin trade analysis, I predicted the forming of a cup and handle continuation pattern. This is an update to my previous TA.
After retracing the first peak, the trend got in perfect sync with the direction of the previous ascending trend line (extrapolated in the chart).
On december 26th Bitcoins price was volatile and most alts, including DOPE, dipped during this moment of sudden market panic. Dope has recovered by now and is heading back to the plotted course I predicted in my previous TA on DopeCoin.
DopeCoin has kept its head up high during the recent times of BTC volatility, it has dipped a bit, but bounced from strong support at Fibonacci lines and shows a bullish trend towards the aforementioned cup & handle pattern.
With weed legislation enrolling on January 1st 2018 in many countries all over the world, the weed coins have a very bullish momentum. The developer op DopeCoin has recently announced enrolling a payment system throughout the weed industry.
You can enter DopeCoin at the stars (break points) indicated in the chart. Do notice that the actual break points may shift if/when the trend deviates from my predicted path. Always enter only after confirmation of an upwards break while finding new support. Learn more about cup and handle patterns and how to trade them on Investopedia: www.investopedia.com
1st sell target: 1090 satoshi (only for yellow trend scenario/low cup)
2nd sell target: 1290 satoshi
3rd sell target: 1625 satoshi
Stop loss: below the lower blue dashed trend line (depending on time of entering 750 ~ 950 satoshi
As always trade safe: monitor your trades and set (phone) alerts and stop loss orders, especially at times when BTC is more volatile
I hope you can put my TA to use and make a good profit based on my signals. If you want, you could tip me after a good profit. Thank you!
Bitcoin -10.18% address: 13MJSpaqqpBm9JfqNUFt424CQZBF8TKHYa
Ethereum -6.52% address: 0x105e37a11abfcfa80ab51c00bc6837f65183af64
DopeCoin DOPE-BTC bullish break continuation Followup on my DOPE-BTC DopeCoin TA from yesterday. As predicted DOPE broke out the 500~575 zone to the 600~650 zone.
Dope is on the right track to break out for handle confirmation on the big multiday cup at point A. If it however fails to break out at point A it could target point B for the smaller cup handle.
Mid/long term TA history combined with this short term TA shows a bullish break for DOPE, there is a lot of momentum and hype for "weed coins" at the moment (THC right now for instance, which I predicted as well). January 1st a lot of weed legislation will become active in many places allover the world. DOPE could give good short or even mid term profits because of all this.
Buy target: 675~690 satoshi at handle break confirmation A or B (if A fails)
Stop loss: 500 satoshi
Sell target 1: 990 satoshi
Sell target 2: 1190 satoshi
Sell target 3: 1640 satoshi
DopeCoin (DOPE-BTC) TA: bullish, possible cup and handle DopeCoin (DOPE-BTC) has seen bullish momentum this week since it broke out the long term descending triangle.
The current trend is in perfect sync with the direction of the previous ascending trend line (extrapolated in the chart) and wedging upwards between the 23.6 and 38.2 percent Fibonacci Channel lines.
The predicted trend, based on the observed trend en Fibonacci retracement / channel mentioned in the previous sentence, has a high probability of forming a cup and handle, a bullish continuation pattern. I have also indicated alternative trend movement and possible downward breaks to keep tabs on (the red arrows).
You can enter Dope after the descending first part of the handle bounces back up from the red 23.6% Fibonacci line or at handle confirmation (break out of the yellow trend prediction/near the green arrows).
First sell target: just below the 78.6% Fibonacci line (blue), depending on time stamp reaching target
Second sell target: 1625 satoshi
Stop loss: 650~750 satoshi, depending on time stamp entering
Always trade safe: monitor your trades and set (phone) alerts and stop loss orders.
I share my TA free of charge, if you make a good profit and would like to tip me that is something I will certainly appreciate, thank you.
Bitcoin address: 13MJSpaqqpBm9JfqNUFt424CQZBF8TKHYa
Ethereum address: 0x105e37a11abfcfa80ab51c00bc6837f65183af64
Trend Pump DOPEIf there is volume to break the green triangle, DOPE will search for Targets.
Rectangle 1 = Target 1
Rectangle 2 = Target 2
Rectangle 3 = Target 2
DOPE - Buy opportunity - Breakout confirmed (Safe trade)Morning friends! I hope you all are doing well!
Welp, if you've been following along, it's hard to imagine that you are not doing well.
So, pat yourself on the back. You did great! And the fantastic thing is, you can even do BETTER!
Today, I came across this chart - daily of DOPE.
And immediately I see this: NATURE IN HARMONY!
This idea is based on chart pattern.
As we can see, we crossed MA50 back in early December, but we have have not have our major spike yet.
Do you guys and girls think: the structure in all BOX A have similar look and structure? --> Our chart is in harmony! Geometry is great!
MACD has been bullish for a bit, but we can definitely grow more.
I reckon that there will be a dip soon before the next spike as the market gets rid of weak hands.
Buy in: 360-600
- Target:
- 1100
- 1600 (sell most here)
- 2000 (if we are lucky!)
- stoploss: 281
Good luck trading! And have a great day!
*Stay calm before you make every decision. If you feel the back of your neck and chest tightening up, if you feel the adrenaline rush from huge profit, or if you feel shocked by a huge red candle, please walk away from the screen.
*When you make dumb mistakes in the past, you know that you are making them. But because you are emotional, you commit those mistakes anyway. That is okay, because it is a new day, and you know, when you are stressed, you will WALK AWAY!.
**
If you find this analysis helpful, please help me out, too!
- BTC: 12L635hTz12ZcwBzdixwKyWYpkpUa5ve8p
- ETH: 0x05f171e02092ce9200779ace56ff1b1411e1ec26
- LTC: LTFr3Jp445vENZUZQopQPoqRgeSyGs36fe
I deserve my cookie! Greatly appreciate it, much love!
DopeCoin (DOPE-BTC) short term bullish breakDOPE bullish forecast. DopeCoin broke out of a midterm descending triangle/pennant and has formed a cup in the past week. The handle could break upwards soon at point "1" or "2".
Yesterday I have correctly predicted the THC run. DOPE could be the next weedcoin to profit from this momentum combined with the trend that it is showing.
Buy at break signal 1 or 2. Stop loss order around 400. First two sell targets are just under 700 and 1000 Satoshi.
DOPEBTCAnother explosive cycle to watch.
First Pump: 927%
Second Pump: 293%
Third Pump: 489%
Fourth Pump: 322%
Fifth Pump: 245%
Sixth Pump: 68%
Average correction length after pump = 20 Days
Current correction Length: 46 Days (overdue for pump)
Notes:
* wait for reversal candle such as Doji for entry
* watch out for volume spike & volume of DopeCoin on exchanges
* RSI is overbought, watch out for this..
If I helped you out, feel free to donate at:
LTC: LQdNvC29EzF9LRkEpegQ7tab5svzaSdKCf
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