DOGEBTC trade ideas
Doge new long cycle. A history that repeats itself?Notice is the trend of the RSI below.
Looking at the Monthly chart, you can see that Doge had 3 "small" pumps (numbered) and then a big one (with the rocket icon), after that, it made 3 other "small" pumps. Is history going to repeat itself? We're not sure. Better play safe. I set my target, for now, to 84 sats. after that I'll see how the market behaves.
Will Doge matter during alt season?During 2017 rally when the market shifted to alt coin focus. Doge come would pump way up as it was a cheap viable way to move small amounts of money between a bunch of small exchanges. After all the hacks and closures have happened with exchanges it will be interesting to see if Doge can remain useful or not.
DOGEBTC: DOGE Starts To Gain MomentumDogecoin, altcoin market indicator, seems to get out of hibernation and has already overcome the mark of 30 satoshi and many people already declared altseason 2020.
But I think, even if we rely on the readings of this indicator, it's still too early to talk about the beginning of any altseason until this coin didn't make at least 100%, not 20%.
It easily can be a fakeout like one of these in July / October 2019.
Information is just for educational purposes, never financial advice. Always do your own research. Such thanks.
Dogecoin Is Done Preparing, Up To 600% PossibleOur last chart for Dogecoin (DOGEBTC) was titled: Dogecoin Preparing For A Massive Jump | 105% to 645%
The preparation is over... DOGEBTC is now moving and breaking above resistance. EMA100 and EMA200 have been conquered.
MA200 was also left behind opening the doors for a strong bullish move.
The only barrier left is EMA300 (gray line) at 0.00000033, once this level is conquered, we will aim at 100%+.
Additional targets are marked on the chart if you zoom out... Here is my previous chart for Dogecoin:
Dogecoin Long-term (1150%) | Aug 23, 2019
Thanks a lot for reading.
Namaste.
Doge Has Completed The Bullish Setup To Breakout The ResistanceSince Oct 2019 the price action of Doge with Bitcoin pair is moving within falling wedge in the meanwhile it has hit the support of this wedge in the month of Oct , Nov 2019 and Jan and Feb 2020, and this the 3rd time it is hitting the resistance of this wedge 1st it was hit in Oct 2019 second touch was in Nov 2019 and 3rd touch is on 5th Feb 2020.
Sofar it was failed to break out the resistance neither break down the support as well but this time more chances are in favor of breakout the resistance rather than break down the support of this pattern.
This time the price line has hit the resistance at 0.00000029 sats and pulled back to 0.00000026 sats during price correction period in the meanwhile it has crossed up the center moving average of Bollinger bands after hitting the support and this is in actual the 20 moving average if the price action closes above this moving average then there will be strong chances of breakout very soon.
Moving Averages:
The price action is likely to close above the exponential moving averages with time periods of 10 and 20 after Nov 2019, today it will be confirmed whether the candle sticks will be closed above this level or move down again however if the price action will be successful to close above these exponential moving averages this EMAs will provide a very powerful up lift to Doge’s pricline and it will be great help to achieve the breakout from this wedge pattern.
The Bigger View:
On week chart the relative strength index (RSI) has already visited oversold zone for two times 1st in Jun 2019 and second in Sep 2019 and now turned bullish.
The stochastic has also given bull cross from oversold zone after Sep 2019.
The Harmonic Move:
The most strong signal that is received on week chart is the formation of bullish Gartley pattern which the price action of Doge has formed.
The formation was started in Sep 2019 and now the price action is moving within the potential reversal zone of this Gartley and there are strong chances that the price action can take bullish divergence at any time which will also lead the price action to breakout the resistance of falling wedge pattern which we have discussed earlier on one day chart.
Here we can set our stop loss the support of potential reversal zone and that is 0.00000025 sats.
Regards,
Atif Akbar (moon333)
DOGE/BTC | Altseason Leader Started Moving..!!DOGE/BTC (Update)
In 2d & Daily Chart, Doge has breaking the Falling wedge Pattern with strong volume.
Majority of ALT/BTC Follow it, So We Might See Rally in ALTS Too If DOGE Follows our plan.
It Might test the Key Resistance (36 Sats) in Coming Days Because it's Turning Ultra Bullish.
So grab it with low risk & Hold with Patience.!!
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FLYING $DOGE SOON? 100%+Dear traders,
Right now DOGE is in my buybox for a massive swing trade to 3x my account.
With the decrasing BTC.D i think DOGE is able to fly soon. So you can better not mis the rocket dog.
Above 30-35 sats i will confirm a run up. So im watching for a daily & weekly close above 30 sats.
My targets are:
} 64 SATS
} 70 SATS
} 80 SATS
} 100 SATS
And a small position for higher prices. 100+
Also dont forget to watch to other ALTS because of the decrasing BTC.D
Goodluck.