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DOGEUSD trade ideas

DOGE - THE BOTTOM INDICATOR FOR CRYPTO?The "DOGE/USD" is since May - 2021 in a downward trend, and it is obvious that we can expect a trend reversal if necessary. > The meme coin "DOGE", has among other things by "Elon Musk", a large degree of awareness and will be known to most "RETAIL" investors. > Regardless of the media notoriety and the wildest stories of "new" millionaires, this "crypto coin" brings an incredible opportunity. = I'll let you know what this opportunity looks like and the price increase it could bring in the following lines. table of contents - 1st part = WHAT MAKES DOGE COIN SO VALUABLE? - 2nd part = TECHNICAL ANALYSIS - 3rd part = CONCLUSION PART ONE "WHAT MAKES THE "DOGE" COIN SO VALUABLE?" Due to the promotion of Elon Musk and other media relevant people, most people should know about this coin. > Everyone associates this cryptocurrency with "opportunity" - for quick money and possible wealth. And exactly these last two points target the "standard" - retail investor: "FAST MONEY" + "POSSIBLE WEALTH" . The Standard Retail Investor serves us as a "SENTIMENT-INDICATOR", with which we can better assess the current market situation with a closer look at the past. For this, I compared the past of the "DOGE" Coin with the "BTC" to come across the following result. = THE "DOGE" COIN BALANCED WITH THE "BTC" (in the last two "major" movements). = THE "DOGE" COIN BOTTOM. And by simultaneously, I mean - ONE AND THE SAME DAY -. = 09/15/2017 (bottom for BTC+DOGE). = 03/13/2020 (bottom for BTC+DOGE). SECOND PART TECHNICAL ANALYSIS As soon as you look at the "DOGE" Coin in the weekly / monthly chart, you immediately notice the "Falling Wedges" . > THE TERMINATION OF THESE "FALLING WEDGES" SIGNALED THE LOCAL BOTTOM IN "BTC" AND "DOGE" SINCE 2017. Additionally, we are in an upward channel, which has been - respected since 2014 . > In the beginning / middle of 2021 - we broke out of this "temporarily". > Since the beginning of 2022, we are on the way to the "trend channel center line" and could reach it shortly. > The "trend channel center line" represented a "point of interest" in the past, which means that a final bottom is not that unlikely. > The current "falling wedge" converges with the "middle line", which provides further support. Looking at the MACD in the daily chart, a divergence formed since September this year. > This would even support a bullish thesis, before the point of contact of the "middle line" and the "falling wedge", however, such a divergence cannot yet be found on the higher time levels. THIRD PART CONCLUSION "The past repeats itself, however it does not have to." With the current "macroeconomic" environment, at best, one can make guesses as to how the markets will behave in the coming weeks / months. > Nevertheless, keep in mind the repeating pattern. What would again support the thesis of a near "local bottom" are the emerging rumors of large accumulations (hedge funds / sovereigns) . The existing fear in the markets is the best time to set up for the long term, for people with good "risk management" and no false expectations of quick (=1-year) riches (=10-years). > Let's feel free to discuss this in the comments and share our perspectives, I'd be "burning" to hear your take on this. If this idea and explanation has added value to you, I would be very happy to receive a review of it. Thank you and happy trading!
BINANCE:DOGEUSDLong
by ZielIstDieAutarkie
8
Ripple: Why the Price Will Rise in the Next YearsCryptocurrencies have taken the financial world by storm in recent years, and Ripple (XRP) is one digital currency that has garnered significant attention. In this blog, we will explore some reasons why the price of Ripple could potentially rise in the next five years. 1. Increasing adoption by financial institutions: Ripple has formed partnerships with numerous major financial institutions worldwide, including banks and payment providers. These institutions utilize the RippleNet network and Ripple's technology to facilitate fast, efficient, and cost-effective cross-border payments. As the adoption of Ripple by financial institutions continues to grow, it can positively impact the demand for XRP and ultimately drive its price. 2. Potential for broader applications: While Ripple primarily focuses on cross-border payments, it also has the potential for other applications within the financial sector. Ripple's technology, for instance, can be used to make payments more efficient in other sectors such as the insurance industry or real estate market. If Ripple can expand its presence in these areas, it could have a positive effect on the value of XRP. 3. Increased liquidity and stability: One of the challenges cryptocurrencies face is price volatility. However, Ripple has taken several initiatives to increase the liquidity and stability of XRP. One example is the escrow system, where a predetermined amount of XRP coins are placed in escrow and released periodically. This can enhance confidence in XRP and promote price stability, making it more attractive to potential investors. 4. Regulatory progress: Regulation of cryptocurrencies is a significant focus for broader adoption. Ripple has actively collaborated with regulatory authorities and committed to transparency and compliance. As the regulatory environment surrounding cryptocurrencies evolves and provides clarity, it can create a favorable climate for Ripple and contribute to positive prospects for XRP. Conclusion: While predicting the price of any cryptocurrency carries uncertainties, there are several positive factors that could drive the price of Ripple upward in the next five years. Increasing adoption by financial institutions, potential for broader applications, increased liquidity and stability, as well as positive strides in regulation, are all factors that can elevate the demand for and value of XRP. However, it is essential to conduct thorough research and consider the inherent risks of investing in cryptocurrencies before making any decisions.
BITTREX:DOGEUSDLong
by Sharona_vf
DOGETime to shift your goal posts anon. With the Not A Security ruling today for XRP, market participants are extrapolating that other coins like DOGE are not securities either, which is adding fuel to the fire of the short squeezes already under way. This may be the inflection point we have been waiting for. If can continue closing above its Yearly Open then first quarter retracement of the whole move (.092) is within reason. Notice how mid of range from lows to first quarter retracement is at same approximate price as Yearly Open.
KRAKEN:DOGEUSDLong
by jhonnybrah
DOGE -BULLISH: BTC Halving, ALTS RotateHi Traders, Investors and Speculators of Charts📈📉 The cryptocurrency market is constantly evolving, and one of the most interesting trends to watch is the rotation of liquidity between BTCUSDT and altcoins. This refers to the movement of capital/cash/dollars between BTC and alts as investors seek out the best opportunities for short term gains. Historically, Bitcoin has been the dominant player in the crypto market, accounting for the majority of trading volume and market capitalization. However in recent years, altcoins have begun to gain traction and there has been a growing trend of investors rotating their liquidity from Bitcoin into altcoins. Not to mention the fact that Mr. Elon Musk himself is always bullish on Dogecoin and this has resulted in increased adoption for the altcoin DOGEUSDT. The Bitcoin halving is an important factor to keep in mind in the coming months as this affects the rotation of liquidity between Bitcoin and altcoins. (The halving is an event that occurs every four years, when the reward for mining a new block is cut in half) . This reduces the supply of new Bitcoin entering the market, which can lead to an increase in price. If the Bitcoin halving leads to a significant increase in the price of Bitcoin, it is possible that some investors will rotate their liquidity out of altcoins and into Bitcoin (meaning that the price of alts will INCREASE up until the halving, where it will then exit alts and enter BTC market again). The next Bitcoin Halving is scheduled to take place around April or May of 2024. Order of the Rotation Based on the Market Cap of the Altcoin The order of the rotation of liquidity between Bitcoin and altcoins is typically based on the market capitalization of the altcoin . The largest altcoins, such as Ethereum, Litecoin, and Ripple, tend to see the most liquidity rotation, as investors move their capital into these assets in search of growth opportunities. As we have recent seen significant increases in Solana, Litecoin and ETH, we can now expect liquidity to rotate into the next class of alts with slightly smaller market caps then the previous class, including DOGE. These are some of the fundamental reasons on why I am bullish on DOGECOIN up until the point of the BTC halving next year. The technical reasons for my bullish sentiment have been discussed in the video, including Technical Indicators and Macro phase analysis. _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck _____________________ CRYPTOCAP:DOGE BINANCE:DOGEUSDT BINANCE:DOGEUSDT.P OKX:DOGEUSDT COINBASE:DOGEUSD KUCOIN:DOGEUSDT BINANCE:DOGEBTC CRYPTOCAP:DOGE.D COINBASE:DOGEUSDT
BINANCE:DOGEUSDLong
by CryptoCheck-
19