kamalzakhoy

DOGECOIN & BITCOIN--DAILY--The price retests the crucial support

Short
BITTREX:DOGEUSD   Dogecoin
As shown on the daily chart for the BITCOIN, the price broke down the triangle last time, and it's now retesting its crucial support between 31,000 and 30,000. This is the same time the DOGECOIN is slowly moving toward its crucial support as well, around 0.165, as shown on the daily chart for the DOGECOIN. If the BITCOIN breaks down it's crucial support, we expect the price will fall down to the next support around 24,000 which might be the same time when the DOGECOIN breaks down 0.165 and falls down to the next support around 0.08. But BITCOIN's crucial support has been very strong until this moment, and the price failed to break it down three times in the past. If the price fails to break down the support between 31,000 and 30,000, the BITCOIN price will bounce back up to at least the dynamic resistance area around 34,000, also, this might be the same time when the DOGECOIN bounce back up to it's dynamic resistance area around 0.25.

For holders, the good places to buy more are at 0.165 and 0.08.

We will update the chart if anything changes.
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Good luck

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