DOGEBTC trade ideas
It's a great buy opportunity in DOGEBTC @dogecoin @BitcoinTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.00000094800). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GOGEBTC Dogecoin Bircoin is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 45.
Take Profits:
TP1= @ 0.00000109621
TP2= @ 0.00000119858
TP3= @ 0.00000128000
TP4= @ 0.00000140000
TP5= @ 0.00000153400
TP6= @ 0.00000187100
SL= Break below S2
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It's a great buy opportunity in DOGEBTC @dogecoin @BitcoinTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.00000094800). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GOGEBTC Dogecoin Bircoin is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 45.
Take Profits:
TP1= @ 0.00000109621
TP2= @ 0.00000119858
TP3= @ 0.00000128000
TP4= @ 0.00000140000
TP5= @ 0.00000153400
TP6= @ 0.00000187100
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
DOGEBTC - At a big support levelI am not a big Doge fan but I would like to share this chart.
Dodge is @ a big support level.
You can see this on the yellow support line. It is even more supported by the 4h 200 Moving Average and the double bottom.
I bought some @105 sats.
My fist target is @ the yellow resistance line.
I will sell if it does not break through that line.
My Stop Loss is @ 89 sats in case it breaks the support line.
Don't forget to get profit or set alerts when we hit the resistance line.
You can always buy it back on a retrace. It will not go in one straight line to its previous ATH (All Time High)
Also keep a close eye on BTC . If BTC starts to pump it is better to move some of your profits into BTC.
Your end goal should always be to increase your BTC amount.
Cheers and have fun.
° Be Patient – Don’t panic – Trade Emotionless.
° Never lose a winning trade. You can always get back in later.
#DOGE : Yet Another Trial Without Elon?!#Accumulation_Recommendation #DOGE
Pair : #DOGE / #BTC
Accumulation Area : 95 sats - 98 sats
Distribution Area :
🎯Target 1 : 102 sats
🎯Target 2 : 108 sats
🎯Target 3 : 113 sats
🎯Target 4 : 119 sats
🎯Target 5 : 126 sats
🎯Target 6 : 135 sats
🎯Target 7 : 162 sats
🛑Stop Loss : Close below 85 sats
@Togetherweaccumulate
Another good way to kill your deposit (3 part)We have already told you why you should not trade based on news about the asset and proved that the short-term trading style only seems profitable at first sight. Well, let's move on to part three of this series and discuss why not every 'hold' position in cryptocurrencies can be called an investment.
You may have already heard in our previous posts or live streams that you should not rely on Altcoins fundamentals. The market capitalization of some Altcoins is so small that it makes analysis of the fundamentals of this asset meaningless. Other coins don't allow you to view their fundamental data.
You can't always analyze the number of active wallets, transactions, the amount of stacking, etc. This tells us only that long-term investing in such assets is a real lottery. If you did not have enough information about an asset at the time you decided to invest in it, it means that the next time you will find in your account x10 or an amount close to zero. At best, the amount will not change.
If you are good at technical analysis and can build a resistance level and even determine when that level becomes support level, then don't be too quick to apply that approach to all assets without exception. Even though the connection between Altcoin's growth and the patterns on the BTC chart is not always obvious, Altcoins are highly dependent on bitcoin. As practice shows, sometimes especially strong growth of Altcoins coincides with BTC consolidation. Strong BTC corrections of 10-20% could have happened at any time, this is an ordinary correction for Bitcoin. In that case, Altcoins could exceed this correction many times over which will break any expectations you have for the market situation and break your technical analysis patterns. That's why your trading decisions regarding low-cap Altcoins should take into account fundamental parameters if this asset allows you to do so.
If you do want to try your luck and invest in Altcoins whose parameters you can't analyze, then the first advice we can give you is don't do this. The second piece of advice, if you don't take the first one, is to diversify your money in dozens or better several dozens of promising Altcoins.
We hope that this series of educational posts and our stable profit figures have shown you why Pennygene prefers long-term investing and takes a conservative approach to trade.
DOGE / BTC After the super pump, a triangle is formed. Elon MuskDOGE / BTC After super pumping the price, a symmetrical triangle is formed. We see the ransom squeeze from its lower border. If a given triangle forms, its base is 300%. Let me remind you that the accumulation pump, depending on the exchange, was about + 1500%.
If we assume that a triangle is formed, then it will be fully worked out in cases of a breakthrough of the resistance of 300%, and if, after working out, the upward trend of insanity continues and the "new advertising personality" announces that his toys for adults and wealthy uncles will be sold for "national coin", then the triangle can act as a canvas of an upward pennant (unlikely). I think the real targets at the moment are a potential upward movement inside the triangle (about + 70%) and then in cases of a real breakout of the triangle - a movement to the previous maximum.
This is not just a risky trade, but an extremely risky one, since the price from accumulation is currently about + 10X. I covered this topic in more detail in related ideas on DOGE (see below). Also, the price of this coin is based on the accumulation of 16 satosh, as well as the previous pumping before that.
The new advertising personality of the crypto market is pulling the dog in every possible way. From time to time we see his different statements exactly at those moments where the price chart needs it.
For example now:
"If major Dogecoin holders sell most of their coins, it will get my full support. Too much concentration is the only real issue imo."
He also did not mention that about 20% -30% of the positions after pumping on the dump were distributed to linked wallets, it is not difficult to guess which group of people they belong to. Yes, saint, he has no personal benefit). But, he could not make such a tweet when the position of 16 satoshis was recruited, but at 10X from the set, the very thing ... And it doesn't matter what the price will be next.