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Dogecoin / Bitcoin

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DOGEBTC trade ideas

Dogecoin completing bullish BAT for upto 62% profit moveHi friends hope you are well and welcome to the new update on Dogecoin. On 4-hour chart, the price action of the Doge with Bitcoin pair is forming different harmonic patterns 1st it formed a BAT then Gartley now again completing the final leg of bullish BAT and soon it will be entered the potential reversal zone. There is also a strong support of 50 simple moving average in buying zone. This trade has profit possibility of 62% and the loss possibility is only 8% Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Long
by moon333
1
Doge (1 hour Graph) BullishHello Traders, Artists and Seekers, You have arrived to a new analysis about DOGE/BTC. The perspective you receive is from an hourly timeframe. As you might have noticed, DOGE is being promoted in very extreme ways by people with a very large amount of followers on social media. It seems like as if DOGE is being used as "a fight against the establishment", because of the terms being used in social media like "Doge is here for the people" "Doge, the people's coin" Doge to one dollar" etc. Besides the fight being stirred in the minds of the people, I'm guessing that the leaders, who are in charge of the Doge movement, are testing what kind of influence they can yield, how far this price action/movement can go. From my personal personal perspective, I see the previous as a good thing, because without risking going to far, you'll never know the limit, if there even is one. As the price is determined by "what a crazy person will give to it" (a dutch saying), DOGE could indeed plant his dogprint flag on the moon and say high to the Russians and Americans or Americans and Russians. When looking at the chart above, we can see that Doge is forming two symmetrical triangles, a descending triangle (middle) and an ascending triangle (right). And those symmetrical triangles are forming within a huge bull flag. Taking all the above into consideration I see DOGE/BTC as extremely bullish. My price target is at 0,00000553. However we are living in a fast paced changing world and fear is, as always, just around the corner. Don't take the above as financial advice, it is not. My best advice for you is, learn the basics and be a student, not a follower. Make sure that your decision is the product of you own conclusion. Dear reader. We don't know each other. But through these lines, we have met. I hope u enjoyed reading the above and sincerely hope you will reach whatever goals you have set for yourself. A suggestion for you personally: set higher goals! Until we meet again. Some practical issue's: If you like, hit the like button; After hitting the like button, leave a comment below becasuse I like to meet you also (a simple hello or so will do, but feel free to share your thoughts) If you liked reading the above, hit the follow button so that I know that you want more of this. Thanks.
Long
by Aroundthesun
4
DOGEBTC (Dogecoin) – Coin of the WeekThis week’s coin is Dogecoin. Doge was created as a joke in December 2013 and is based on the popular “doge” Internet meme that features a Shiba Inu on its logo. The total market capitalization of the coin is 6,3 billion dollars and it has a 24h trading volume of 4,8 billion dollars. It is primarily used as a tipping system on Reddit and Twitter to reward the creation and sharing of quality content. Technically, we had a big up move at the end of January and then a sharp reversal that dropped the price nearly 80% from the top. After the reversal, Dogecoin is making a corrective structure that seems to give us a higher probability for one more down move. We have to watch carefully how the price develops between the resistance and support areas. If the price breaks the resistance area and closes strongly above it, we should expect the up move to continue to make new higher highs. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Short
by financialflagship
1
Is it time to buy Dogecoin?This chart appears pretty self explanatory to me... if you're holding DOGE, now may be a good time to exchange it for BTC. If you're not holding DOGE, then you may be better off buying BTC. Note that the last time DOGE saw a spike of this magnitude was right before BTC began it's parabolic expansion to the 2017 ATH. Some might argue that it looks like BTC is closer to the action around the 2017 ATH but let's take a closer look: - The last spike of this magnitude in the DOGEBTC pair came after a prolonged descent, followed by exponential rise in BTC. - A second spike came right after BTC's ATH. Perhaps DOGE is the canary in the coal mine... - 2017 alt season began around the same time that DOGE peaked. - Relative to BTC, DOGE has consistently lost value over time. It has no cap on distributions so the supply is constantly increasing, which means the value has no reason to go up over time. We can see that it always falls back to around 20 satoshi; several times over the last several years. That said, volume on the pair is nowhere near where it was at the last big spike. This could be an indication that volume has yet to reach it's peak but I'm skeptical that this volume measurement doesn't include all market activities. In any case, the value of DOGE and the light volume make it ripe for pump-and-dump. It seems to me the only thing it has going for it is Elon's tweets. Who knows? In the current market environment, that may be enough to keep the momentum going... BTC has had a great run and will likely run some more. It has a solid foundation with lots of support. DOGE has a stated utility but I don't see it actually being used in the real world. Maybe I'm not looking in the right place... This recent movement indicates to me that interest in crypto is rising, which is a good thing. However, there are far more interesting projects to invest in and perhaps alt season is just beginning.
by quickshoe