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🔥 DOGE Breaking Out Of A 2-Year Downtrend - Twitter Hype!Last week I made an analysis on DOGE and the fact it was about to break through a 2-year downtrend. As of recently, DOGE has finally broken out, helped by Twitter's highly anticipated payment system. The hype is mainly based on Musk's earlier comments that he wishes to make Twitter part of the global financial system and that he sees DOGE tokens as a way to make financial transactions with. IF DOGE will be announced to be part of Twitter's financial system, we can expect the demand for DOGE tokens to soar to new all-time highs. Exciting times for DOGE investors.
Long
by FieryTrading
16
$BTCM chart analysis 👁‍🗨️*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* This morning my team purchased shares of Bitcoin Mining Company NYSE:BTCM at $2.70 per share. This post is mainly intended to allow others who are currently invested in this company to look at it through our own lens. NYSE:BTCM has strong ties with Hong Kong which is being used as a regulatory crypto hub for China. In addition, back on May 1, 2023 NYSE:BTCM announced its "Next Generation of Litecoin/Dogecoin Mining: LD4" which is designed for mining on the DOGE and LTC blockchains with "peak hash rate and energy efficiency." With Bitcoin now eyeing $35000-$36000 we can soon expect altcoins (particularly Ethereum and Doge) to run behind and catch a late run. Billionaire Elon Musk who now owns twitter may also be planning to utilize Doge and integrate it with twitter. This is speculation of course but if this becomes reality expect Doge to run hard and NYSE:BTCM will also share the glory. Our target right now is $4.66 if Bitcoin approaches $35k-36k. Good luck! Our Entry: $2.70 Take Profit: $4.66 Stop Loss: $2.53 If you want to see more, please like and follow us @SimplyShowMeTheMoney
NYSE:BTCMLong
by SimplyShowMeTheMoney
🚘 Elon Musk Presidential bid Bullish For Tesla?We have a very aggressive uptrend on the Tesla (TSLA) stock. This weekly chart allows room for additional growth but once the move is ongoing is really hard to tell. It is easy to predict the reversal as we did in early January 2023 but it is hard to predict the continuation. Reading the chart is also easy so let me tell you what I see. 1) Volume is super good and rising. 2) The RSI is super strong and has room available for additional growth. 3) Chart structure is bullish. 4) Fib. extension calls for more. #1 Is the initial bullish move. #2 Is the corrective phase. #3 Is the resumption of the bullish wave... Sounds familiar? Bitcoin & the Cryptocurrency market is set to follow and grow. This chart is the confirmation. Elon's Musk presidential bid is bullish for this stock. Namaste.
NASDAQ:TSLALong
by AlanSantana
18
MyMI Option Plays - TSLA CallsWe've been watching TSLA for the past few weeks waiting for confirmation of not only the compression zone breakout, but also support being found above that compression + above the $197 Price Levels. We were able to acquire our Calls around the $199 pullback right before it confirmed support above $197 with the expectation to sell out if TSLA loss that same support and fell back below those levels risking going back to the longer downward trend that it's been trading in since the second pullback from it's most recent breakout. We have a 2nd Level downtrend to breakthrough but even going from $199 to $220 on a longer-term call option play but we first have to break above $206.93. If we see resistance there, we will consider closing to conserve the funds for another opportunity. Follow for more! Check out our signature for links to stay connected!
NASDAQ:TSLALong
by MyMIWallet
DOGE - Critical Zone / Time ⏱Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. DOGE has been stuck inside a range around the 0.065 support zone in green. 📈 For the bulls to take over, we need a daily candle close above the last major high in orange. 📉 Meanwhile , as we approach the green support again, we will be looking for short-term buy setups again. Which scenario is more likely to happen next? and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
16
Dogecoin Chart Pattern Suggests Volatility Explosion AheadDogecoin (DOGE), the meme cryptocurrency known for its wild price swings, has experienced an unusual period of calm this year, lagging behind the performance of Bitcoin (BTC) and Ethereum (ETH). However, a technical analysis with the Bollinger bandwidth indicator suggests that this tranquility may soon come to an end. Understanding Bollinger Bands: A Tool to Assess Dogecoin's Volatility The Bollinger bandwidth is a tool that illustrates periods of varying volatility relative to price movements. It is calculated by dividing the spread between the Bollinger bands by the 20-day simple moving average (SMA) of the cryptocurrency's price. Bollinger bands are volatility lines placed two standard deviations above and below the 20-day SMA average. When the distance between the two bands widens and the bandwidth increases, it indicates a period of rising volatility. Conversely, when the bands contract and the width narrows, it signifies a lull in volatility. An unusually wide or high bandwidth suggests that the current bullish or bearish trend is approaching its end, while an abnormally low bandwidth indicates that the market is on the verge of a significant move in either direction. Recent data shows that Dogecoin's daily chart has experienced contracting Bollinger bands, resulting in a bandwidth of 0.06, the lowest level since February 2019. This suggests that Dogecoin could soon experience a surge in volatility, as the bandwidth has a tendency to alternate between expansion and contraction. It's important to note that this anticipated volatility explosion is independent of price direction, meaning that the significant move can be either bullish or bearish. Looking Ahead: As Dogecoin prepares for a potential volatility spike, traders and investors should remain vigilant and be prepared for a pronounced price swing in the near future.
by cryptohopper
🔥 DOGE Regaining Strength After Twitter Icon UpdateIn my last DOGE analysis I talked about the fact that Elon Musk updated the Twitter logo to the Doge icon, which naturally has led to a big move upwards. However, like often has happened, DOGE dumped right after the bullish news. Still, my first target got hit fairly quickly, so congratulations if you took the trade. Inititally, I thought that DOGE would go down further. But, as seen on the chart, the bottom support held and caused a decent bounce. Furthermore, Twitter has recently started a partnership with eToro to integrate trading into the platform, which is bullish in itself. If Elon wishes to pump his Doge bags further he could integrate Doge as a way to pay fees (like BNB for Binance), for example. Decent probability that Doge will be further integrated into Twitter, which would obviously be bullish for the token. Keep an eye on Doge!
Long
by FieryTrading
8