Dogecoin Prepares For Action | Promoted by Musk

BITTREX:DOGEBTC   Dogecoin / Bitcoin
One of my friends is telling me that Elon Musk is promoting Dogecoin ( DOGEBTC ) again and this can produce some FOMO and push prices up... But we don't trade based on fundamentals, so let's see what we can get from the charts... Let's start!

Dogecoin ( DOGEBTC ) has been printing higher lows and doing solid consolidation.

Prices are now challenging MA200 (28 satoshis / 0.00000028), this barrier will determine if prices for DOGE will start to fly.

If MA200 can be conquered, we can see a strong impulse move to the upside.
But if instead, DOGEBTC fail to break this barrier, we can see additional consolidation before the move up... But we remain bullish always.

The RSI is strong above 50 and the MACD starting to curve.

This is a good pair... Make sure to have a strategy/plan before you trade.

Comment: Looks like the Musk Dogecoin thing is fake... Just disregard any mention of Elon Musk here... It has nothing to do with Dogecoin, we stick to the charts.
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Far more he would be interested in Digibyte then some kind of joke like Dogecoin
+2 Reply
@damdamm, Tell him...
+2 Reply
damdamm alanmasters
@alanmasters, He is already rich enough.. :)

thanks for that info I would never never think that Elon will publicly admit to dogecoin..

I remember when he admit that he do not have even fraction of 0,00xx % of his portfolio in crypto.. That was 1 year ago..

As time goes position changes :)
Twinko damdamm
@damdamm, Elon didnt admit to owning any crypto, but he does joke around dogecoin. Which pump interest in it.
+1 Reply
damdamm alanmasters

By the way Alan.. how about DGB ? Any fresh views from you :) ?

I liked your DGB updates but no news from you here :)
Ralferator damdamm
@damdamm, Dogecoin was started as a joke but it is no joke anymore. It has a huge userbase and in the end it's all about adoption
+2 Reply
Khyber damdamm
@damdamm, lol what makes you think doge holders dont already have dgb?
+1 Reply
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 :)
Does someone have a link to him actually making reference?

I see a lot of people talking about $DOGE and @elonmusk on Twitter, BUT I do not
see any direct Twitter URL were Elon Musk himself has said any mention about DOGE on his Twitter profile.
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