UnknownUnicorn5920815
Historically these are the fibonacci levels for every wave if this model holds true. Interesting levels to watch corresponding to the 37k - 31k range.
There is no need to write a long description for this. Its all on the chart.
Getting ready for max pain life where every dip is not a dip and every high is not a high.
Here is another view of the wyckoff idea, simply compared with the last distribution/accumulation. Looks like to me the next possible pump will be after the summer.
This would honestly suck. SPX does not seem to correlate but the similarity is uncanny.
I believe we are in Phase B ready to fall into the spring which will be around 0.07 - 0.1$. Supports turned resistances are declining as you can see for every pump which is the opposite of a parabolic rise.
Nothing strong about DOGE yet, no jumps to new price ranges. Still the same locked consolidation after falling further down. Cant see this as bullish until new price levels are broken. Note that there is a potential for price to drop to 0.07 if this current consolidation is a confirmation of the downtrend.
I just posted a comparison to the 2018 BTC price action before the huge capitulation. The target is determined after the break of the uptrend (parabola). DOGE looks identical. A descending triangle is established, and buy orders are only left defending a narrow support at the bottom. When buy orders disappear, a drop will take place with the potential of...
If DOGE cannot prove that this isnt the case. By all likelyhood this is what is going to happen. Please see the descriptions on the chart above. We are now witnessing the long term support since May, being eaten up by sell orders. If price cannot break above, we will reach the apex of the triangle where there are no more buy orders left. As a consequence, price...
Looks like everything is lining up for a 50% final capitulation on DOGE, unless there is some serious change in price action. Could be a good place to go long when/if it drops further.
Possible scenario playing out on DOGE going into this week
Elon pump looks like it turned out to be a local top, now getting ready for the drop.
DOGE only pumps when no one is looking. Tradingview is overflowing with bottom calls. Study BTC 2018 January - April for reference. Constant bottom calls on an endless downward trendline. A wish is not enough to keep the price afloat. As soon as people sell and stop buying the dip, is when a real bottom will be printed. Right now the sentiment is that maybe,...
DOGE is just getting weaker everyday. Check the candles, volume, price action = no strength. Its only natural for a joke-currency that has pumped 25000% to crash. Nothing here screams 1$. All weakness. Seeya in 2-3 years.
Bart Simpson is a well known character to show is presence in the charts. Seems like he found his way to Cocos. Who will afford the metaverse when Biden shuts down the artificial pump?
Artificial price for a preliminary prospect that could maybe be used for sports. Its all an illusion. Money has to be made both ways.
The bullrun is broken. Bagholders will hold it as it nukes and fill shorts during capitulation, the bankers play this game every time.
BTC is going down. Watch for a bounce next week "omg we are going up again". Too bad, it wont, it will retest to confirm the broken market structure only to make a lower low. All actors able to keep the price pushing has exited, and it shows on the market as a whole. See ya in 2-3 years.