joshuamarino

DOGE Repeating History!

Short
joshuamarino Updated   
BITTREX:DOGEUSD   Dogecoin
Everyone who has been watching DOGE closely for the last month probably noticed the similarities between the run up to Doge Day (4/20) and the run up to Elon Musk's appearance on SNL (5/8), and the quick crashes that followed each event.

However, the price action of DOGE immediately following these days is what this idea focuses on. By comparing the two charts, we can see the present-day trajectory of DOGE since Saturday night has almost perfectly mirrored its corresponding chart pattern immediately following DOGE day.

If this pattern continues, we should see a brief rally to .52-.54 range over the next 12 hours, and then a sudden crash to as low as .25 sometime Tuesday morning.
Comment:
Obviously, Elon's tweet this morning broke the pattern. Happy trading y'all!

twitter.com/elonmusk.../1392030108274159619
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