Personally: scenario No 2 (or If 64k breaks----> I buy again). Also, the probability of scenario 1 is not low.
Just an example (imaginary prices). Think-it. (see attached idea).
I am going to add more Dogecoins if and only if Doge sharply falls.
Personally: scenario No 2 (or If 65k break----> I buy again). Also, the probability of scenario 1 is not low. (see my previous ideas).
1-Weak market (scenario 1) (Very low probability, In rare cases) 2-Bullish market (scenario 2) 3-Strong bullish market (scenario 3), (Based on the large price drop in Wave 4, Wave 5 is predicted to be according to Scenario 3) Also; Wave 4 does not overlap with the price territory of wave 1, Therefore, Wave 4 has reached its lowest price!
Bitcoin approaching ATH Resistance. A slight reduction in price will be normal. be patient (New ATH coming soon).
But just before the dawn I awake and find Doge on the moon.
This is the result of the analysis and I removed unnecessary indicators for your convenience!
Above 55k we can see inverse head and shoulders!
In this market, one thing leading to another, therefore, things have a way of escalating out (or dumping)!
1- Now Dogecoin is very cheap compared to other altcoins (Tron ...)! 2- Undoubtedly Bullish!
1- The head and shoulders pattern is not yet fully formed (Personally: I expect scenario No 2). 2- In my opinion, there are still 4 hours left to a possible sharp movement. 3- We have to see if we can get support at 56k. If it falls below 56k a Stop Loss is required. 4- If scenario No 3-----> all altcoins are expected to fall again.