Elijah144

Eight months... Doge has eight months left to bark

Long
Elijah144 Updated   
BITTREX:DOGEUSD   Dogecoin
Unfortunately, Doge didn't give us a nice bull run end of 2021, which just means that Bitcoin didn't do so. It was in my hopes that it would come that early because... come on, that would have been great right? This is no bummer though because that was just the tip of the iceberg. As I said, in hopes, it would have been great making a new all time high end of 2021, but, in actuality, I knew deep down it was most likely to be extended... as that is the nature of Bitcoin. The beginning time range projection didn't line up—end of 2021—but that's okay because we still have a good six to eight months left of hope—January to August. I see Bitcoin, Doge, and the crypto market going up in the long term regardless... the short term is just anxiety. There is a possibility that Bitcoin could test $28k again, and if so, then the whole market will get really bloody again, or maybe all the alts start performing like crazy—some inevitably will as certain cryptos move against Bitcoin. Ultimately there is nothing to fear about Bitcoin testing $28k again, as I wholeheartedly believe it will be going up regardless before 2022 is out. And if not, then that's how the dominoes fall. If Bitcoin tests $28k again Doge could potentially see $0.08 again, which I beforehand didn't think possessed enough likelihood to entertain, but it could very well happen if Doge decides to go down with Bitcoin and I'd imagine it would. The below chart is a more detailed elaboration of the posted chart:
I ultimately see two converging paths, and my bias is leaned towards the blue within the six to eight month time range of 2022—perhaps a few weeks or month behind as alts tend to lag. I know it is a big range, but broadly I'm expecting $1 to $28 for Doge's next all time high—$28 is my bias, which is backed up by plenty of evidence—the market cap argument is invalidated absolutely. The pink path in the linked chart is intentionally displaced to more easily differentiate it from the convergence with the blue path. The linked Bitcoin analysis is a must read.

Comment:
I do want to note that although I did say eight months, I have a leniency period of up until the end of this year. My general idea is that Bitcoin will top sometime this year and so will a lot of the alts, and the eight months idea is just my specific pick for a time range, which is actually according to my Bitcoin analysis. I will still be waiting until the end of the year if it does not happen in approx. eight months, but if by around eight months into the year things still haven’t moved hardly at all I will most likely be wrong.
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