DOGEBTC trade ideas
DOGE - Bull Penant SqueezeI am reloading into DOGE on this bull penant. The price is squeezing hard and a lot of buys are still coming in, with bids holding huge walls. With the momentum and hype surrounding DOGE we have potentials for another climb. I would say this is a very risky trade, but worth the potential high returns. Entering at 130 sats here with a tight stop loss at 118 sats. Good luck everyone!
DOGE COIN Mission AccomplishedMission accomplished DOGIES! I have been sharing this chart for years, believe it or not DOGE is a SOV , it has been around since 2014. Regardless of the dev team leaving, no improvements, DOGE exploded yesterday. Wall street bets got shut down from robinhood and started buying DOGE.
DOGE is very cyclical as you can see. DO NOT GET CAUGHT BUYING THE TOP. RSI IS WAY OVERBOUGHT!!
This is different then GME, nobody is shorting this, no short squeeze can happen. $1 is very very unlikely to happen. Bitcoin would hit $250,000 before DOGE hit $1
Looking at this chart (who trades on Poloniex, we on Binance but this has more history) you would be buying at MAJOR sell areas, DOGE has not held 150+ sats for a long time, it comes down quick, especially with BTC bulling it will not hold its value, I sold my DOGE and doubled my position, could have made more but I am happy with the gains! DOGE coin will be under 30 sats this year, maybe within a few months and Il be buying it at those prices. Be patient dont FOMO
Dogecoin (DOGE) Massive Boom! We Knew This Would HappenIf you are into trading altcoins, you knew that it was a matter of time before Dogecoin (DOGEBTC) printed a candle just like what we are seeing now...
This is just part of the normal market cycle.
You can blame it on the news, p&d, or whatnot but that isn't the case...
Every time, every year, after massive bearish action we get a very strong bullish wave.
After Bitcoin grows more than 10X...
The altcoins follow...
This is what we have been experiencing for weeks.
This is what you are seeing today.
It is the altcoins turn.
Enjoy the profits.
Previous chart:
Now, can there be more?
The answer is YES!
This is only the beginning, the altcoins market is switching from a bearish to a bullish trend.
We will see higher highs and higher lows for very long.
Namaste.