Hi everyone. I’ve received a demand to share my thought about Dogecoin and I’ve hesitate a lot before this. The main problem is I don’t want my followers to think that I’m encouraging investing in project that haven’t a good fundamental. So, I want to warn all of you: THIS IS HIGHLY SPECULATION AND NOTHING ELSE ! Don’t invest in it if you have a small cap and don’t put more than 10% if you have a bigger one.
Fundamental: There’s nothing that can be put here as a real good argument for buying this coin, I mean nothing. But some mentions shouldn’t be forgotten:
Doge have a great and friendly community
Doge was created at 8 December 2013 and is still maintened
But I can’t stress it enough, there’s many drawbacks that makes the idea of investing in Doge is more a meme than anything else (the biggest one: infinite supply).
Technical: However (and fortunately for holders), the technical analysis is encouraging the long position. There’s two possibilities that may happen: • Dark Blue: the price may bounce at 0.00000126 and goes directly 0.886 level (Fibonacci) • Blue Blue: the price may go down to bounce in 0.00000108 forming a beautiful double bottom and then fire to the level 0.886 (Fibo) after breakout.
For selling strategy, I advice strongly to start selling just before 0.886 level (at the price 0.00000177) so you could have sold all of your cap at the level 0.886. Why 0.886? because there’s nothing that will help DogeCoin to make new hights (it mays but you would have increases the risks and I won’t help you).
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Unfortunately, there was not enough steam to move the market as I've predicted. My opinion in the latest changes is to dump all your positons in Doge and take the loss.
within 8 8 to 10 days it will touch 65 but again back
ahmedjatt62
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doge 3 months no chance 110% its playing only 44 44 44 50 again back no possible 2 to 3 months dont watch dreams its very very condition doge in crisis
sabirdeux
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@ahmedjatt62, Hi Ahmed, I don't know how you can predict the time frame because one of hard think to predict is this (especially when we are near the bottom). Anyway, time will show us.
asifzbutt
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thank you so much to sharing your thoughts and analysis, i will definitely keep an eye on target selling price just want to get rid of it as i bought them when they were at 0.00000130.
keep up the good work.
have a great weekend!!!
ahmedjatt62
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@asifzbutt, you bought at 130 sleep my dear dnt watch dreams no possible 2 to 3 months doge rock never
asifzbutt
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@ahmedjatt62, thanks for the info, dont worry mate this is one of my investment which i can even wait until next year :) not in rush..
seuncares
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Another brilliant idea you just released. Good job man!