alanmasters

Dogecoin Starts To Move, Playing Out As Charted

Long
BITTREX:DOGEBTC   Dogecoin / Bitcoin
Dogecoin ( DOGEBTC ) moved back above MA200 and is preparing for a very strong bullish move.

We've been looking at this one frequently, it tends to move first and go for long when the action starts.

Notice the "above-average" trading volume coming in with bullish indicators ( MACD and RSI ).

EMA200 (0.00000030) and EMA300 (0.00000032) still needs to be broken, but DOGEBTC is looking bullish and continues to print higher lows.

Make sure to have a plan/strategy BEFORE you decide to buy-in/trade.

Thanks a lot for reading.

Namaste.
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Comments

any targets ?
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Yes
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Weekly chart RSI and price just above 21 Weekly MA is phenomenal even in this blood bath.

Awesome catch. I did not notice this coin as I really underestimated as joke coin. Thanks a ton! You are genius.

Now, I just bought 500K of Doge coin for long run. Wish me good luck :)
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Thank you, you are predicting correctly pretty much everything lately. :)
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I think waiting for a squeeze accumulation would make more sense. The crypto space as a whole is likely to shrink if the rest of the economy is shrinking because of an unprecedented travel ban.
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@mljones, It can shrink as a whole yet we will still see the altcoins growing.
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mljones alanmasters
@alanmasters, it would be one thing if it were possible to buy toilet paper with dogecoin but as far as I know you can't do that. I am bullish long term on cryptos but until the virus thing is done and forgotten about I think cash will be king, unfortunately for dogecoin.
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@mljones, I thought we were talking about the charts here...

TA says DOGEBTC will go up, forget the toilet paper... The world will continue to be.
+1 Reply
mljones alanmasters
@alanmasters, what I'm saying is the market right now looks like this. The BTC market cap is $120B, its 24 hour volume is $53B, so almost half the entire market changed hands in one day. To me that means wait for a squeeze consolidation because it's still in redistribution.
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Cachingman alanmasters
@alanmasters, Unfortunately you are very very wrong this time.
TA is one thing, but you need to take into account what is happening in the world as well.
I read your 'prediction' about bitcoin too...NOBODY could have seen that coming, it has nothing to do with TA whatsoever. This is worldwide panic. Unexpected. There is no way to predict the direction right now. Just look at DOGE now. It's already dropping again...
Better is to wait a bit and see what happens with this pandemic.
Just my opinion.
Anyway, I wish you all the best, or as you would say: namaste :-)
Reply
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