DOGEBTC trade ideas
DOGE/BTC Channel of accumulation 19% Exit from this channel BowlSecondary trend of this DOGE / BTC trading pair. At the moment, we see the price exit (resistance breakout) from the accumulation channel with a step of 19%. Accumulation took place after a super pump with a pullback and a stop of price decline at 93 satoshi and limit at 111
At the moment, the price is at the beginning of the emergence of the 3rd phase of the bowl formation with a potential of 114%
Also, on impulses from the exit zone from the accumulation channel, we see an increased volume of the "buyer" on the chart, this is a good sign and it does not matter if it is fake volume or "breakdown of the walls in the market", the imprint on the chart that is seen by the majority is important.
For a clearer picture of what is happening, follow my previous trading ideas and, first of all, the ideas of training / trading on the example of this trading pair, which are below the description.
DOGE coin 40,000% Gains against the dollar! New ALL TIME HIGHS! Hello Friends and Welcome!
If you have been following my analysis on Telegram I posted back in August 2020 that we were entering a fairly large position into #DOGE.
Our average entry was around 25 sats or $0.00267.
Reason for our entry was based on a 5 year Bullish pattern identified against BTC (DOGEBTC)
Needless to say this entry has paid off!
Please watch the video for an in depth #DOGEcoin Analysis from monthly timeframe all the way to hourly!
If you enjoyed my analysis please leave a like and consider subscribing for more detailed analysis on many many other altcoins!
Thank you and stay Blessed!
DOGE update pfft againmy guess is consolidate this fibzone till next weekly or monthly candle
but you never know with doge
its printing a bullish div and respecting fib extenstion levels
potential for further retracement but doge hodlers dont sell much tbf
id assume they hodl till 1$ at least given the recent pump
i took profits mostly tbh
but if doge starts going full doge again
ill be jumping back in for sure
elliot 5 impulse and abc completed
so this could happen quickly tbh
DOGE is one of best alts from our golden list. +200% in 24h! 🚀At the beginning we want to congratulate everyone who is playing with our long-term strategy and made with as +200% in DOGE in last 24h! 🚀
This is the reason why we are holding these coins for long-term until late bullrun and we don`t selling them after 100% or 200%. Doge made already x18 before and now after natural correction rocket is starting again. Every coin from our list can give you huge profit like dogecoin, chz or btt. These coin will go to the moon one by on.
What we are doing now?
We are still holding our huge package of DOGE.
Is it still good time to buy?
We believe that DOGE will go higher in long-term. However you must decide by yourself if you believe in DOGE or if you prefer to invest money in coin which didn`t made 200% in last 24h. Diversification is the key to success - our strategy says to keep small % of your money in all altcoins from our golden list. Thanks to this strategy if one or even few altcoins will not grow up as much as we wanted we have still many many good altcoins which make profits. We suggest you to use our long-term strategy and buy all coins from our list but with very small amount for every coin - not big amount in 2-3 coins, because if one of these 3 coins would fail you would fail with 1/3. With our strategy if one coin fail you would fail just in 1/ 40 . After 8 years in cryptocurrency market we know all these things and we are really happy that we can share them on our website and here on this beautiful platform - on tradingview.
Remember it is better to learn from the mistakes of others than from your own!
🚀 This coin is on our golden long-term altcoins list. It may be very good project for long term investment.
❎ No TP for long-term investments. We can`t predict exact altcoins targets in long term, but thanks to our experience and glassnode we are able to predict exact bitcoin targets. Our long-term strategy is just to hold these altcoins until glassnode indicators will say us that we are close to end of bullrun. And then we will sell everything in 15% parts.
✅ Bullrun is easy. Just accumulate coins from our golden list (long) and play with our signals (short). Diversification is the key to success.
WILL THERE EVER BE A RETRACE?I said yesterday that i was expecting a price consolidation or price action to the downside before going up again.
But i also said i would never short it because there could be insane volume with huge amount of buyers. It happened.
Right now we have to ask ourselves where will this rally end and what will happen after the end?
There should be some sort of retrace and price action needs to cooldown.
I will look at the chart after the frenzy ends.