UnknownUnicorn5920815
Looks very good for the holidays. Invalidated on fib break.
So BTCs historical roof has been hit twice and the probability is highest for it to regress. Everything is in favour of the bears now. There has to be some white swan event to push the price outside and beyond its natural range. Many argue we should have a 2013 "double pump", the argument here would be that it has already taken place.
Had a conversation with someone commenting inspiring me to take a more simple look at the chart. From a purely structural, no bias standpoint we are breaking out of a bullflag aiming at 100k minimum.
Gonna stick with these ideas for good, its binary, 0 or 1.20.
We are literally on support. If it breaks down this idea is invalidated but it may be in the cards to see 100k by new years...
If a bottom has been printed there might be hope to regain support for a breakout. This would be a rejection of a big dump.
Looking good at the moment. Target $25. Hoping for no breakdown.
Here are some thoughts on possible routes over 60k that can be valid options. Right now we are seing some kind of bottom that has formed. The question is how long it will last. Seeing the most bearish downside target as 31k as a capitulation before recovery. The bullish scenario would be to break out of this downtrend channel, but note that previously we have had...
Definitely very exciting to see how the next daily plays out on smaller timeframes. It has the potential to fall back within the triangle.
Basically waiting to either break up or down from this structure. There is a pretty deep bottom potential if we break down. If we break up its 100k by new years.
DOGE is technically still bearish. If we can regain the floor (yellow line) with closes above I will turn bullish immediately. At this point it is still bearish despite a pump as this may just aswell be a retest before a capitulation. A 40% drop would be painful.
Looking for a spike to 0.277x. This is the type of move that would lead me to believe that we will have a happy DOGE year. If we only get flat consolidation after coming out of this descending wedge... I´ll get more scared.
Unfortunately the majority rarely wins. I have no idea if these longs are just a ton of small positions of retail traders waiting to get rekt in a long squeeze or if there is smart money in there. Someone enlighten me how significant this is. My gut feeling is telling me that this is bearish. Would be sad if DOGE is to be abused by the institutions.
Looks like a possible short opportunity on DOGE. Its sad to speculate on the downside of DOGE, it would be lovely to see it pump but the trend is your friend until it changes.
There is absolutely no juice left. Barry will short this thing to the ground. Most probably it will just be remembered as the corona phenomenon as the supply grows and the price keeps on tanking.
Looks like an uptrend but its heavy as hell. If we dont see any major pumps or spikes that give us higher support levels its highly likely the price will collapse. What we are seeing now is buying volume competing with selling and we will reach an apex where either will win. At this point the sellers are ahead and we have longs piling up like crazy. If it...
Two paths I see DOGE taking, depends if its ripe for moon or not, longs are piling up which is not so good and might lead to pain.
Hopefully this an accurate interpretation of how the doge is programmed