Elonmusk
Dogecoin (DOGE) -> Don't Miss OutMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️
I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term wealth!
In today's anaylsis I want to take a look at the bigger picture on Dogecoin.
Since May of 2021 Dogecoin has been declining quite significantly and dropped from $0.7 to $0.07 which is more than a 90% correction from the highs.
However Dogecoin is also forming a bullish continuation triangle and after a breakout I think that we will see another bullish pump on Dogecoin with new all time highs in the process.
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I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy.
Keep the long term vision🫡
Big accumulating for Massive Move??? Weekly Chart
455 days that is accumulating phase until now
Doge's touched 3 times and bounced back from support
Daily Chart
Zoom out to easily this accumulating phase
Chart 4H TF
Now, Doge is trading around 0.0616x
BINANCE:DOGEUSDT has resistance zone around 0.0667 and support around 0.0575 if Doge's downed
If BINANCE:DOGEUSDT can break and close above resistance, I expect Doge will go up 0.08
Otherwise, Doge's downed...0.03 is support
Time will tell
DOGE Dogecoin Price Target after Court approves FTX LiquidationGiven the recent developments in the crypto space, there are several factors that point towards a bearish outlook:
FTX Liquidation of $3.4 Billion in Crypto Assets: The approval by the Delaware Bankruptcy Court for FTX to liquidate $3.4 billion in crypto assets is a significant event. This influx of a substantial amount of cryptocurrency into the market could potentially lead to an oversupply situation. When a large amount of assets is dumped into the market at once, it can put downward pressure on prices.
Limited Sales in the First Week: The imposed limit of $50 million for the first week indicates a controlled release of these assets. This may imply that FTX anticipates potential market disruption if a large volume is sold at once. However, even with controlled release, the market could still experience downward pressure.
Potential for Increased Limits: The provision for increasing the limit with the approval of the creditors’ committee and ad hoc committee, or potentially even up to $200 million weekly with court approval, shows that there's room for further selling pressure in the coming weeks.
Binance US CEO Resignation: The resignation of Binance US President and CEO, Brian Shroder, could potentially signal internal challenges within the exchange. Leadership changes in major crypto exchanges can lead to uncertainty and can impact market sentiment.
Asset List: The assets listed for liquidation include some of the major cryptocurrencies in the market such as Bitcoin, Ethereum, WBTC, WETH, USDT, SOL, XRP, STG, APT, BIT, DOGE, MATIC, FTT, TON and more. If a significant portion of these assets are sold off, it could have a widespread impact on the market.
Market Sentiment and Confidence: These events combined might lead to a loss of confidence in the crypto market, especially if investors perceive them as signs of instability or potential oversupply.
Regulatory Considerations: The fact that a bankruptcy court is involved in this process highlights the regulatory environment surrounding cryptocurrencies. Heightened regulatory scrutiny or intervention can have a dampening effect on the market.
Considering the above, my Price Target for DOGE Dogecoin is $0.053.
Looking forward to read your opinion about it.
DANGER for #DOGE2 pennies is definitely on the the cards as potential target ...
The bigger question COULD
#DOGECOIN collapse to levels WELL BELOW a PENNY
Log scale Head and Shoulders target 1/3rd of a penny
taking it back to price levels and congestion zone of the previous bear market
THIS could potentially be life changing opportunity if you could fill your doggy bags down there.
📈 DOGE: Potential for Explosive Growth 🚀Hey crypto enthusiasts! Today, let's dive into the fascinating world of Dogecoin (DOGE) and explore a pattern that has caught the attention of many traders and investors.
🔍 The DOGE Range: Did you know that Dogecoin traded within a relatively tight range for a whopping 554 days? That's right, over a year and a half of relatively stable prices and limited volatility.
💡 The Power of Range-Bound Trading: Range-bound trading occurs when an asset's price moves within well-defined upper and lower boundaries. During this extended period of range-bound trading, DOGE seemed to be in a state of hibernation.
🚀 The Explosive Growth: What's truly intriguing is what happened next. After trading sideways for an extended period, Dogecoin suddenly skyrocketed, surging to incredible heights and increasing in value by a factor of 11 or more.
🔮 A Glimpse into the Future: Now, here's where it gets exciting. Many traders and analysts believe that history might repeat itself. The previous extended period of range-bound trading could be a precursor to another explosive growth phase for DOGE.
📊 Trading Strategy: For traders, this presents an opportunity to keep a close eye on DOGE. If it follows a similar pattern, a period of stability within a range could be a prelude to a significant breakout.
⚠️ Always Do Your Research: While historical patterns can provide valuable insights, remember that the crypto market is inherently unpredictable. Conduct thorough research, stay updated with the latest news, and consider various factors before making investment decisions.
In conclusion, Dogecoin's historical trading behavior suggests that it might be gearing up for another exciting chapter. Whether you're a DOGE enthusiast or a crypto trader, it's a space worth watching closely. Who knows what the future holds for this popular cryptocurrency?
Stay tuned, stay informed, and remember - in the crypto world, surprises are around every corner! 🌌💰
❗See related ideas below❗
Follow + Like this post and share your thoughts in the comments; your engagement fuels the crypto conversation! 💚🚀💚
17000s by October 2023BTC is showing signals that the B-wave of its corrective phase has completed and it will be starting its C-wave to complete the structure. The C wave will take it to new lows in 2024, this idea projects the first leg down to kick off the C-wave.
Initial target 17793 by 10/10/2023
The breakdown level was 27791, so as long as it stays below that I am expecting it to continue down along the black trajectory. A break above could open the door to 37k as a best case for bulls.
On the way to 17000s it needs to breakdown 24-25k.
This is bearish people.
The abyss ? The finality ?
Maybe, we could to see the abyss again for the lasr time before the earth.
:D
TESLA BULLS TARGET 280$Technical Analysis suggests the TESLA stock trades between two trendline from the top price.
It pays handsomely to not use the single trendline in your analysis.
TESLA was recently in our BUY signal list.
We send daily 10 stocks to buy and hold during the same trading day, perfect suit for day traders.
-Signalwyse Team
Tesla -> Wait For The 3rd Timeframe!Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Tesla 💪
After Tesla stock broke out of the parallel channel all the way back in 2019 there was a super solid rally of more than 1500% towards the upside on this stock.
You can also see that Tesla just retested and started to reject previous weekly structure and in confluence with bullish moving averages we could see more continuation towards the upside.
Finally I am waiting for a daily shift back to a bullish market which will happen if Tesla breaks the current daily resistance level and then all 3 timeframes are pointing towards a move higher.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
DOGE$ 2 the Moon -15/NOV/23 is Elon Musk's Doge 1 rocket launchPart 2# Bullish Version
Hey all Doge coin community,
It looks like Doge's prices will fall by the end of the year, because on November 15th-23 of this year, Dogecoin needs the eKraft to get off to a flying start with Elon Musk's space mission to the moon. The course will literally explode, but there will be no new ATH! We won't see the new ATH until around 2030 in Klaus Schwab's Great Reset.
Until then you will know for now
Resuming the ascent.After that extended fall, which didn't actually last long, comes the continuation of the rise or simply the other shoulder of a head and shoulders pattern. I believe what we will see is that where everyone wants it to fall, it won't, and it will continue until completing the massive flag at $380.
Elon's Bitcoin Crash, Spy Bounce Coming, Crypto Longs, and More!Traders,
What an unexpected set of events in the crypto world! At least from my perspective. We are going to discuss what just happened with the Bitcoin crash, where we now stand from a price perspective, and what needs to happen for us to recover again.
We'll also be discussing the usuals. I think I have found a target bottom for the SPY? If I am right and the market bounces a bit, this should also help out crypto.
Timestamps are provided below:
00:00 - Intro
06:45 - Dollar
09:45 - VIX
10:15 - SPY
13:45 - KRE (Regional Banks)
14:39 - Bitcoin
20:00 - All of my recent trades including: stop outs, re-entry prices, what my targets will be, what my new stop outs will be, and why I am still long all trades.
Unfortunately, Tradingview limits the time of these videos to 20 minutes. Apologies to my TV friends.
Best,
Stew
Decoding the Crypto Market Dump on August 17, 2023Introduction:
The crypto market encountered a significant downturn on August 17, 2023, leading to substantial drops in cryptocurrency prices. This article delves into the potential reasons behind this market event and offers insights from various angles.
Possible Factors Behind the Crypto Dump:
1. SpaceX's Bitcoin Sale:
According to the Wall Street Journal, speculation arose that SpaceX, owned by Elon Musk, might have sold its $373 million Bitcoin holdings. Given Musk's influence on the market, such a move could have triggered a cascading sell-off.
2. Regulatory Strictures:
Global regulatory actions tightening the noose on crypto activities (e.g., banning mining, trading, and payments) have impacted market sentiment. These measures curtailed demand, liquidity, and escalated investor uncertainty.
3. Technical Glitches:
Major crypto exchanges, including Binance and Silvergate, experienced technical glitches and outages. These disruptions could have sparked panic-selling and margin calls, eroding trust in the crypto ecosystem.
4. Emotional Market Sentiment:
Psychological factors such as fear, greed, FOMO (Fear of Missing Out), and FUD (Fear, Uncertainty, Doubt) played a role in amplifying the market's volatility. Shifting sentiment from fear to greed, and now neutrality, underscores market instability.
5. External Shocks:
Broader economic conditions and events like the Covid-19 pandemic, inflation concerns, fluctuating interest rates, and geopolitical tensions influenced demand for alternative assets. This likely altered investors' risk appetite and asset diversification strategies.
Conclusion:
The August 17 crypto market dump stems from a complex interplay of factors, including potential SpaceX Bitcoin sales, regulatory interventions, technical disruptions, emotional sentiment, and external macroeconomic shocks. While these insights provide a comprehensive understanding, remember that this analysis isn't exhaustive, and other variables could have contributed. This article does not offer financial advice; thorough research and analysis are vital for making informed investment decisions. If you have further questions, feel free to inquire. 😊
it's time to going down for DOGEUSDTbefore buying, please check for being sure about your opinion about this CRYPTOCURRENCY!!!
(in every target you want closed the position but our target is the third one)
be rich...
and
doing and living in the best quality *-*
(Guy's the entry place is importance things in enter in a position and be careful do not going up your leverage over 7x ,all things it's about risk management)
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if you want to enter in this position:
Enter Price: when candle crossing down our trend line with a good body
Target1: 0.07364
Target2: 0.06846
Target3(Final Target): 0.06600
Stop loss: 0.08074
Long Tesla Long Tesla here 60% of position allocation. Deviation out the wedge, Daily RSI crazy. Stops set at -2%. Still plan on shorting Tesla to the 200 weekly MA but think we get a reversion to mean here on daily. I posted my $281 tesla short and closed those positions yesterday. Perfect stop sweep on the June 23rd low. News is noise. Not advise, good luck.