DOGE - Pullback complete?We saw a MACD divergence lead to a nice corrective wave over the past few days. This is important to stabilize the RSI before the next run. Like how a dog takes little rests between playful runs.
Speaking of Dogs… did you pick up Ont he link between mans best friend and DOGE coin?
It is something unique to all of the other crypto currencies.
DOGE invokes the emotion of LOVE!
What do you feel for BTC or XRP? Fear? Greed? FOMO? ( also a fear)…
The blue trace is a high probability fit. It comes from the similar corrective wave just 2 back in our history… in the midst of the big run. I like that, because i see a foreground and back ground projection of these flying monsters propagating through space when i look at these charts… in 3D of course. Like those pictures you had to stare at in the 90’s.. and then the dolphins would appear in 3D.
Anyhow, my long running observations on the various time frames all suggest that there is a more significant influence coming from that 2 back pattern. It also nicely matches the RSI and MACD patterns.
Finally, we should be able to apply Elliot wave mentality to this… we left the bottom level, made it through the blips, and have just completed the background and foreground of the mid level…. so we should see another move up through the blips, to the top level.
BTC… on the other hand… tops already in! 100K pump and dump. Boom!
Pretty clear decision to sell that and buy DOGE.
Oh… the other traces… they are fit to other harmonic patterns or series on different time frames. They represent some of the other patterns of influence, and are very useful as DOGE likes to mutate a bit with each projection. I’d follow my dogs on hikes… same trail, but a bit of sniffing and chasing, and a different route or combination of routes each day. These projections are a bit like that also.
We do know that the resistance vectors (dotted) will turn to support and need to be checked in on. And the same goes for those support vectors (solid). Understanding the anticipated level behavior's helps us fit the projection to the forecasted levels… and it looks like laser beams at a festival when you zoom. :)
Thanks for being here as the crypto revolution unfolds!
Love, Doge.
