DOGEBTC trade ideas
The DOGE CycleChart pretty much speaks for itself. I try not to be overly optimistic with my moon targets as I am still relatively early into my foray as an analyst however given my personal sentiment analysis and overall observation of consistent irrationality in this market I find it far outside the realm of impossibility for another 5-10x. Would love someone to verify me on this but there seems to be some correlation between DOGE hitting it's cycle pump coinciding with BTC long term trend reversal which would show BTC slowly grind back up after a retrace towards the halvening. This is of course when I start teetering into hypothetical territory. I've been watching DOGE for years but never understood it from a trader's perspective but as of this chart I have opened my first position in DOGE and am rapidly accumulating at these lows.
DOGEBTC Seems Bullish!DOGEBTC Seems bullish on the weekly chart. I had a long position open from 26sat for a small amount.
(It is just my opinion, not a/an investment/trading/financial advice. Do your own research before trading any cryptocurrencies; trade safely.)
Nice opportunity for DOGE to go BONKERSIdea is that doge will go to around 66 sats where it has its weekly resistance and supply zone and drop back to the 99 MA on the weekly chart and pump to newer highs.
DOGE Countdown to LaunchChart pretty much says it all. Built a strong position already, but still holding out for another dip even though that's probably not gonna happen.
DOGE growThere is a tradition in Crypto world to say, that when DOGE start to grow, alts season begins. Can't say its absolutely true, but if you think of DOGE, as a symbol of absolute worthless coin having no fundamentals of future development roadmap, it becomes very logical, that if THAT coin start to grow, any other shitcoin should =)
Buying DOGE is very RiskyDOGE is trying to break the rectangle inside which it is ranging for weeks now (23-30 sat). When loooking at the weekly chart, we notice:
1- DOGE is downtrending,
2- the oscillator shows an oversold situation,
3- DOGE evolve inside a funnel (sign of a probable breakout),
4- for the breakout to be confirm, volumes have to be high which is not the case here.
All these make me say that there is a high probability that DOGE will not continu its downtrend move.
Let's be patient with DOGE!!
DOGE / BTC such wow much amazeIt's interesting to look how doge is looking like a good proxy for the BTCUSD reversal hypothesis.
If bitcoin dump while doge pump (in usd). We could see trendlines breaking and RSI Histogram following through into bullish side.
Depending on what happens to bitcoin. Either a btc dump but specially sideways could be beneficial for doge here.
My biggest concern at the moment is the lack of accumulation volumes. Would expect to see some strong volume signatures forming to sustain major move and drive all the much amaze such wow.
On the other hand it is also like we could see major dump if bitcoin process with massive dump.
As of now better wait and see for some signs like volume and break of trendiness.
#Doge coin Very particular and its movements are very predictable and its height is likely to be in the month of November.
Doge Kicks Off Alt SeasonLooks like DOGE/BTC has double-bottomed and setup a higher low. A break of the descending wedge pattern above 30 sats is the trigger here. I set my fib retracement to the mid point of the spike to account for the volatility. Don't get too cute on the price for a long entry this one moves fast.
GLTA
Doge - Started A Trend...This is usually good news!Whenever Doge pumps we all know that the whole market pumps. With this and XRP moving up, this will always be good for the overall market.
Key is to see if the dominance of BTC does fall.
Better HOLD DOGE: We are right on top of fractal events here!So, we have a breakout, as many have mentioned.
My take is also, that price have defended, .24 sats, and indicating that there simply not enough sellers left to push the prices lower.
New and old buyers are piling in, and ain;t selling quick enough, creating a demand.
Don;t wait for volumes to tell you if this is a buy on doge, as you can see in 2016, no volumes, yet price rocked.
If you look at my fibs carefuly, you will see a pattern.
Fractals are in, and we are in one right NOW! and the next one is on FEB, so whatever is happening, BETTER HOLD DOGE
**LEGENDS**
BLUE = Bear/Resistance
Yellow = Bull/ Support
Vertical Lines: Fractal dates are moments of interest, where price and time collide to create oscillation.
~Explore the chart for possible scenarios of price actions - use zoom and scroll for better view.~
/*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
If you want your coin to be analyzed, JUST ask.
If you got a question, ASK away!
And please keep those Stop losses in place!
Thank you,
Ajion
