DOGEBTC - Daily Cloud Breakout

Nov 23, 2017

Doge had an E2E trade play out and now appears to be breaking out of the Daily MA cloud and moving up. I have opened op a few positions at the breakout and have stops tight in the MA cloud.

Nov 23, 2017

Trade active

Positions opened.

Nov 23, 2017

Trade active

For a possible first target before a correction, I am looking at the weekly FAMA of ~48 sat.

Nov 24, 2017

Trade closed manually

Closing Doge for -15% due to loss of 4H momentum and close under 30M MA cloud. I will be watching for reentry.

Nov 24, 2017

Note

With Doge completing the e2e trade on the daily and retracing back to the 4H MA cloud, it looks momentum in price is slowing down and a trend could shift to the upside with a bounce off the cloud.

I will be watching for good momentum on the 4H candle before opening up positions.

Dec 8, 2017

Note

Doge is still looking bearish at the moment. The daily close and high momentum move below the cloud is an indication price will continue lower. I will be waiting for price to come back near the red MAMA area before looking to enter long positions.

Dec 16, 2017

Trade active

Opening up some positions on Doge with the break out on the daily MA cloud.

Dec 17, 2017

Trade active

Ichimoku cloud update. Doge is currently in an e2e play and TK-lines have crossed in the daily cloud indicating a medium strength bullish signal. I will expect price to pierce the top of the cloud and retrace back down to the flat Kumo level ~35 sats before making new highs.

Dec 21, 2017

Trade closed: target reached

+40% closing out some positions since we made it out of the cloud and letting the rest ride.

Dec 21, 2017

Trade closed: target reached

+60% closing out some positions since we made it out of the cloud and letting the rest run.

Dec 21, 2017

Note

Dec 21, 2017

Note

One main reason for the close was due to the price action on the daily candle. Statistically 95% of the time a bar will create a wick on the open end.