DOGEBTC trade ideas
DOGE pump and dump / is this a start of alt season?OK, so we all saw this pump and dump manipulation by whales - typically lot of news at twitter to catch ppl emotions and start fomo buying - If u want to be succsefull trader, u should avoid emotions otherwise u will lose your previous gains and end it up with loss and head full of stress
What happened basically - price went parabolic - parabolic move is not healthly move in trading = as fast it went up that fast it will go down again
Price broke 58-62 area which was previous resistance and did another 40% to 86 (total 300%+) - another resistance...till we are under 62, we might not see another pump - but it all depends on whales
Green area is another Support which should hold for another move up. It is hard to say if this will go up or needs some time for rebreath -i dont like pump and dumps - hard to predicts anything ....basically it's from hero to zero very often sadly
And now i would like to guess few thought in YOUR HEAD during this pump
- institutionals twitter accounts are posting only about DOGE - MOON - USDto DOGE and other bullsh.. (in fact they need you to fomo because they will sell to you their big bags of coins at great price - thanks to twitter hype and FOMO - dont be stupid they bought it weeks ago, not now)
- moon lambo
- great it can go to 200 sat
- it is still going up
- ok should i sell i see first red candles on minute chart
- oh no it is still going up, i am safe
- wtf is happening is it dropping now? should i sell at 80?
- oh no it is at 60 now i am sad that i didnt sell it at 74
- ok selling now at 55, good profits
- oh sh..it is going back up, 65 lets buy it with market buy
- nooo it dropped again to 52 and i am in loss:(
- my profits are gone, what should i do now
- emotions, emotions, emotions, feeling bad etc
I am here to help you so we can discuss it in comments if u want
NOT FINANCIAL ADVICE
EDUCATIONAL PURPOSE
Dogecoin - Dog is bull nowThe plain and simple explanation of some real bullish uptrend in makes
The idea doesn't assume we will go for new ATH but it's rather a guide through possible outcomes
Most of what we see right now is bullish breakouts happening across the chart with proper historical sentiment for past years.
But again, Bitcoin was not $30K+ back then, so I would focus USD pair of DOGE and treat this idea as a proper guide instead.
All the best,
@KRMA_0
$DOGE Valhalla is beautiful When going to a much larger time frame you will see we are at a key placement we have bullish momentum but we are at the moment going through sell pressure though it’s much weaker showing that we tested the ceiling 28 Sats
we just hit 25 sats key support
this was sponsored by a private client
Once we crack that which we will retest in a 6 days or more we rally really hard for a long time this is basically bloody February early (last buy in )
Dogecoin to $3 Do people realize DogeUSD has been in an uptrend since it started and still in a Parabola? My first Altcoin I started mining when it first came out and haven't let go yet, let Elon pump it to it's destination.
Also look at the BTC pair, every time it hits demand if you bought and sold at supply you would have banked, we're in the demand zone now, altseason!
DOGE/BTC (1 hour graph) Possible bullflagDoge is forming a symmetrical triangle pattern on the 1 hour graph.
Recent events like mister Musk's tweets are still floating around in the thoughts of the masses.
Doge trading around strong historical support level.
Possible break out incoming
A new tweet of mister Musk could boost the breakout.
Wait for confirmation bullflag
$ DOGE vs BTC 08 January: Dogecoin very simple chartWe have the highest trading volume since July 2020, which is a strong bullish signal as well as the Stochastic in 25, RSI indicator at 66 and the MACD just entering the bullish zone.
Besides we have Elon Musk in Dogecoin always giving him good winks: D
DOGE - so long, much pump, very gains, wowDOGE pumped back into the accumulation range and now retracing to the 0.618 fib at 25 sats. It probably gets front-run so going to get some at 26 too. Looking for the range highs minimum, I wouldn't be surprised if Elon Musk and Tiktokers can push this into the 100's.
Dogecoin (Can hold monthly support ?)DOGE / BTC
The last Bullish move was Impressive
Dogecoin jumped from previous low at 15 sat to 40 sat (more than 150% gains)
Now looking at Monthly chart :
Its Important for bulls hold above Monthly key support level (23-27 SATs) to remain in Bullish momentum
If bulls successed to hold that support there will be a chance to break strong trendline resistance that i draw in my chart.. after that we will enter moon phase with the targets according to fibonacci (grey color )
🚨 Invalidation : if Monthly support broken by weekly or monthly candel closing below, it can drop making new low
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Doge/BTC guaranteed targets Here are the targets.
Buy Price 26 to 28
Sell at any target you prefer from those three.
The first target is the safest one.
Target 2 also possible
Target 3 is the new record that doge going to, will it be in this run, not sure. But if the pattern continues then yes it will be in this run season.