Crypt0Jack

DOGE headed for 15 sats?

Long
BITTREX:DOGEBTC   Dogecoin / Bitcoin
Doge has recently broken down from support and appears to be "bleeding out" to new lows. What's interest about this is something very similar occurred last time Bitcoin broke its previous all time high. At the time, that was about $1,100.

Will be watching for two things to occur:

  • DOGE consolidates on prior support of 15 sats
  • Bitcoin attacks/breaks prior all time high of ~$20k

Note: The DOGE - BTC relationship is very similar to the LTC - BTC relationship that has been explored previously (linked below). As Bitcoin breaks above its prior all time high, alts tend to explode as speculators take on more risk for the impending bull market.

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Comment: NOTE: Please disregard the BITMEX funding indicator - it's irrelevant to this chart. I didn't realize I had included it.

Comments

We almost at the line now.
+3 Reply
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