DOGEBTC trade ideas
DOGE/BTC potential bounce soonI am generally not one who likes to talk much about DOGE as it already gets far too much attention, but the current trend looks a bit interesting in my opinion.
From what I am seeing, there appears to have been a breakout of a forming wedge (orange dotted lines) at the end of May after an initial bounce off of the 61.8% Fibonacci retracement level (based on the the all-time high to the initial low back in April). The ratio now looks like it has been riding the trend line from the breakout downward but has yet to break below it, but now it looks to be approaching the 50% Fibonacci retracement level. Hence it looks like there is a possibility for a bounce to occur here, further validated by a bit of bullish reversal divergence as fairly clearly evident on MACD, but it is also on quite a few other oscillators as well, however I didn't want to clutter the chart.
It should be interesting to see what happens here in the next day or so as it looks like there are not many options left for the ratio to go as it is now approaching the apex of a descending wedge based on the downward trend since the most recent breakout (thin green line), so it looks like it should be interesting to see which way the ratio will head, whether it breaks support and heads downward or potentially heads upward to form a potentially long term wedge (white lines) potentially forming a longer-term bullish pennant.
And of course, this is not meant as financial advice and is only my opinion, but please like or comment if you agree or have any thoughts.
Sell Dogecoin to get Bitcoin!!!Ok, right now, if you look, Dogecoin it's look bearsih in this par DOGE/BTC ratio. So, that mean if you see, Bitcoin it's strenghten and if you invest in Dogecoin, you can to sell your Dogecoin to conserve your Bitcoin power, and then, you can to buy Dogecoin when down to 500 satoshi. This it's your way if you want to accumulate more Dogecoins.
s3.tradingview.com
And this it's the 3 Daily timeframe and based in my opinion, I know when Bitcoin vs. Altcoins are up and altcoins suffer in front of Bitcoin for your investment in cryptocurrencies.
#DOGE, 20% on the daily... #DOGE
New 12H Buy signal by the UCTS indicator (1st since April that lead to a 10x)
Pushed above ~1k sats on increasing Vol based on the Coinbase listing news
~20% on the current market status is quite good tbh
Anyway, willing to let it run & see if it can go for the ATH
$DOGE
DogeBTC bullish PennantHey all,
DogeBtC now is situated into a bullish pennant which can lead Doge for a massive breakout.This is a powerfull continuation pattern.You can entry on this trade ONLY after a succesfully breakout from this channel and a succesfully RETEST of the upper line.
The possible target is 1180 sats and 1600
Personally i will not enter in this trade because in my opinion Doge it s too overvalued and the BTC dominance when will increase doge will plummet hard
After a succesfully breakout i will short this coin ,keep your eyes on this coin.
If the breakout and retest will happen ,this coin will take the first target
Tehnically:
-The pennant is a bullish pattern
-Macd sell volume slowing down which is a bull signal
-stochastic bullish
-rsi situated into a falling wedge which is bullish
Bear signal
-BTCUSD Long positions it s too high(check my previous TA on BTC)
-BTC dominance RsI on weekly too low
Personal strategy:I m waiting the breakout and after i will short doge