Potential Shark or Double bottom Potential Shark from C to D: in progress. Double bottom in progress. Double bottom Target agrees with Cloud value. Who’s ready?
DOGEUSD trade ideas
Dogecoin Fib levelsDOGE/USD has clearly made a breakout the past few days. But how do you even make sense of the DOGE/USD charts since it has gone parabolic? It seems like no technical analysis is accurate anymore. Elon Musk's acquisition of Twitter, completed on Thursday, also included a $500 million commitment from crypto's largest trading platform Binance. I think the only chart that makes sense now is the DOGE 1 week chart with FibSMA levels 89, 144 & 233. Here's those Fib levels on the 1 week chart:
FibSMA89 = .1676
FibSMA144 = .1059
FibSMA233 = .0667
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
www.tradingview.com
DOGE - EW Count - Daily
My primary count suggests we should soon test June 22´s low at 0.0491, to complete wave 5.
The only buying signal we have right now is called hopium. 😏
✴️ DOGE Trade Signal (8X)Dogecoin went through a strong cycle and even with the long lower wick 10-June it stilled remained within a long-term higher low.
With all the weak hands removed it is now the time for it to go up.
Notice how it takes much longer than expected... When we think the bullish wave will resume in a matter of weeks or months, it can take up to 8 months before the next wave shows up.
I am opening long 8X on this pair and many more.
Namaste.
DOGEUSD (4H) - Bullish wave We2Hi Traders
DOGEUSD (4H Timeframe)
A high probability, entry signal to go LONG will be given with the upward break of 0.0683 after the market found support at 0.0650. Only the downward break of 0.0650 would cancel the bullish scenario.
Trade details
Entry: 0.0683
Stop loss: 0.0650
Take profit 1: 0.0737
Take profit 2: 0.0791
Score: 8
Strategy: Bullish wave We2
DOGEUSD- Possible descending triangle breakout - Target 0.1249 Doge has formed a descending triangle and tested the bottom of the trading range at 0.054.
Id expect an impulsive move back up to test the first area of resistance at 0.12 followed by 0.15
But what if Doge is unable to move to the top of the range at 0.1249 ?
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.....Then id expect upwards traction to fizzle out at around the 0.096 area.
DOGE Fractals - which one?There are two fractals on the chart, which one do you believe will most likely resemble DOGE's future price action?
this is not trading or financial advice
tg
✴️ Dogecoin Ultra Bullish Signal Explained!The summer is here and Cryptocurrency always grows in the summer.
Why does this happen?
How does it work?
Well my dear friends, when you are all in the computer, watching, working, ready to make money... You get the downside, red.
When the year was starting and you had doubt, everything grew. As soon as you get adapted and ready to play, the market makers start to take profits and you get discouraged and leave the game.
When the summer is up people go on vacations, after a long correction, you are ready to give up.
The smart money, traders and whales are ready to buy everything up... While you relax on the beach, for us it is the time to work.
It is a very complex game and it messes up with your nature, human psychology but we can win if we pay attention... Let's look at Dogecoin today!
There is zero need to go into tons of indicators nor a million details, the market moves down and it moves up and what one does, the rest follows.
June 2022 last year, everything hit a low.
After this low everything produced a recovery rally...
Now Dogecoin has been left behind compared to say Bitcoin, Ethereum and Litecoin but it is still trading within a higher low.
There are tens of thousands of Altcoins and they can't all move at once.
When a group rest, the other group moves ahead.
Many pairs were crashing in November 2022, Dogecoin at this time had a bullish wave.
While other pairs were undergoing a bullish wave earlier this year, Dogecoin was in long-term correction mode.
Now everything matches, most of the Altcoins produced a major low around the 10-11 June... What follows is additional growth.
Of course, if things change and support breaks, you would get a lower low but this wouldn't change the fact that after this low, the market resumes growing... The worst case scenario is a longer period of wait.
That's why I enjoy trading spot... You buy each time prices drop, when red/low/support and then just wait.
When the excitement starts to build up, when we reach the top of the bullish wave it is time to sell.
You can sell short-term, mid-term or long-term... It is up to you, or you can do a mixture of these, that's the plan that you need to build before you trade.
Do your own research and thanks a lot for your amazing and continued support.
I love you so much.
It has been one hell of a ride.
A very long, hard, painful journey but truly packed with great people, enlightenment, growth!
See you on the next one.
Feel free to hit like and comment to show your support.
Namaste.
DOGE/usd longterm analysis (2016-2023) DOGE/usd longterm 1w (log) analysis. (2016-2023)
We can see very similar pattern here. (1 to 6)
First cycle >798 days (top to bottom)
Now > 784 days.
There s not much time left.
In the near future ''UP-ONLY'' mode will open.
Doge Coin – High Risk, High RewardTLDR:
DOGE has been in a downtrend since May 2021.
Overall DOGE’s price depreciated more than 90% since its ATH to its current value of 0.0619 USD.
Although the chart looks bearish, I have some reasons to be optimistic about DOGE’s chances of future recovery (Twitter).
This is a Degen play, not something to bet your house money on.
DOGE Coin Long Term Chart Analysis
If we examine the DOGE chart on the weekly timeframe, we can see a steady downtrend. DOGE’s downtrend has lasted more than two years.
A closer look at the chart reveals a Descending Triangle within a Descending Triangle.
Surprisingly, the Descending triangle broke to the upside and generated a 167% price appreciation.
DOGE remained within the larger Descending triangle but now it is forming a Falling Wedge.
The target of this Falling Wedge is a 125% price increase.
We do not know if and when DOGE will break out to the upside, much less if the breakout will generate much profit. A breakout of the weekly RSI line resistance could be a clue but by then a lot of profit could be already made.
This idea is far from certain. My approach is to buy a small bag and just sit on it until 2025. If it works-great, if not- also great. This a taco money trade. I don’t think that DOGE justifies more than that until it proves it has what it takes to break the downtrend.
Trade Idea:
Entry: 0.05 USD (wedge support line)
SL: 0
Target:0.34 USD
TP: 0.16, 0.34 USD.
DOGECOIN: ONE MORE DIP BEFORE RALLYThe 1 month stochastic RSI is failing to gain momentum, rather the opposite, we are losing bullish momentum
The last time we saw this "rally then dip" pattern play out before going to ATH was July 2019 - March 2020
This could potentially signal that we may need 1 final correction, 1 final dip to take place between now & November
Before Bitcoin & the rest of the altcoins rally
I would be buying crypto in 2023 with NO EXPECTATIONS of a bull market rally materializing until at least 2024
One last time downIt descended from the historical peak of the currency in three compound waves, and approached the last bottom after the decline in five waves, the remaining currency in the shaded area, which will be a beautiful area for gathering again to rise to the historical peak.
Note: The analysis was done based on Elliott's rules and the school of support and resistance
My goal is to protect your money from loss and pay attention to the bottom
The ROAD to DOGE Dogecoin - A monthly time analysis
- 35 month Decline / Consolidation Period
- Current D/C period ends in April 2024
- Whether the ATH from prior cycle is reached or not,
time will tell. That will require lower pennant exit.
- Upper pennant breach, get in.
My prior TOTAL 2 and TOTAL 3 analysis of the altcoin market suggested altcoin season would not start until between Dec 2023 and Mar 2024. We now have a chart for DOGE that suggests a good window for entry of a trend would be April 2024. You can really see why so many pundits are requesting you to hold back on Altcoin allocation until later in the cycle when probability is in your favor.
Nothing is guaranteed here. We are looking for more probable outcomes and time patterns can help us time the trade with less risk.
IMPORTANT TO REMEMBER THAT DOGE IS ONE OF THE FEW PROOF OF WORK CHAINS THATS BROKEN OFF FROM BTC WITH A LONG HISTORY OF PROOF OF WORK WITH LITECOIN AND A FEW OTHERS. DO NOT WRITE IT OFF. AS SILLLY AS IT IS, ITS SILLINESS SELLS AND ITS BACKED BY A PROOF OF WORK ALGO THATS STOOD THE TEST OF TIME AND RESULTED IN BTC BECOMING THEE GREATEST ASSET OF THE DECADE. PAY ATTENTION TO PROOF OF WORK COMMODITIES, THEY WILL NEVER BE SECURITIES.
PUKA
As a previous Drop Chart I publish still Active Active Trade.
DOGE Drop hit as I pubish befoure $0,065 and $0,06.
Now leading to $0,045 $0,04 even posible $0,035.
DOGE downtrend Traget Areas from $0,06 to $0,045DOGE could easily reach $0,065 $0,06 after braking those levels it could drop til 0,045
Is DOGEUSD bottomed in !? DOGEUSD seem to be bottomed in.. but the dip. It’s time to go to the moon.
Hold it when you buy .. do NOT sell ! I repeat DO NOT SELL .. until DOGE reach 1$ or higher
Let’s get reach this year until 2024 which means you will retire early even early age.
DOGECOIN - Big Move Coming!We can see that Dogecoin is giving us a perfect example of an impulse. We are currently in wave 4 and looking for a breakout. For confirmation, we are waiting for the break of the red trendline.
Trade Idea:
- Watch for breakout using the red trendline as confirmation
- price to stay above blue structure = invalidation level below blue structure
- Targets: 0.75, 1, swing target 4
Goodluck and as always, trade safe!
Doge Pizza Dip FormationDoge monthly chart showing a second slice of pizza formed and ready to be dipped. Moving onto slice 3 soon. Bullish.
doge planting seed and moving for sunas you can see, doge turned into grass for the hills and the hills also plant trees, therefore, the trees will grow and eventually look to reach the sun as the trees meet the sky. now is always a good time to plant a seed in doge because it has no choice but to move up over time.
Dodge to the moon or will it?I am looking at Dodge Coin as a bull run which is interesting.
I would like to know you thoughts on this I have been watching Dodge and trying to understand the thought process behind Elon Musk and this coin.
I do see a nice push along side BTC this looks like it can move to the upside but lets see if we get the retest that we are looking for.
Now if we do get the retest and it sits above as shown in my chart I am looking to go long Dodge looks like it could go to the moon.
I will be happy to see this play out for sure.
What do you think?
