From what we see, DOGE has a repeating pattern in that we have 3 basic trends in common. 1st, we seen an unpredictable spike of over 200% per cycle. Each spike being between 200% to 1,000%. 2nd, there is a price drop of ~50% with a short term recovery of 25%. 3rd, after steps 1 & 2, DOGE enters an accumulation period of about 30 to 70 days before seeing its next spike!
Why is this beneficial? One, this allows investors to cost average and continue to put money in over a stable period without fearing FOMO. Two, we can predict that large spikes (100% of the time as of right now) do not drop below previous valuations. This means that even if it takes 100 trading periods to cross into a new (ATH) all time high, we can confidently assume that a new ATH of at least 200% will be reach.
Hey! Thanks for the explanation. It’s great. Quick question, I had maybe 100,000
Doge. I was in in December. I won’t say what happened when I was pickin up my one year old. Accidentally sold all on RH at .07, one swipe up. I wanted to die. So now I’m accumulating again. I have 20,000 but I’m in at like .255. I’m not an expert. But I see a healthy run of from about there to .31 ish. Is this a range it will continue to go up and down and I can do day trades. I committed to holding for next spike. But there is clearly a pattern. Especially if next big spike is what may? According to this chart?
calisailor209
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@mamaNherGirlzz from what we’re seeing right now, DOGE is creating higher highs and higher lows every 33 to 70 days. So, yes, from the data it can be assumed that we’ll see higher highs again by mid year.
Keep in mind as well that DOGE not only is the most bought coin as of 2021 but the below highlights are going to make it the top crypto in no time. 1) Elon’s constant promotion of it 2) 1200 stores in the world now accept DOGE 3) Dallas Mavericks accept and retain all the DOGE used (Mark Cuban has promised to not sell any, creating demand) 4) DOGE developers are back together and working to enhance DOGE so that it rivals LTC once again 5) DOGE is preparing to go on Coinbase - this will do that same thing we saw happen to Cardano - price jump from $0.30 to $1.60
iceydayfunds
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@mamaNherGirlzz, i think .46 will be the target this pattern. probably retrace back to .25-.30 then run up again on 4/20 to who knows what. i plan i selling half my portfolio at the top today or tomorrow if it starts dropping then rebuy the dip and hold till its gets that reddit pump
calisailor209
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@iceydayfunds, Yeah, I just sold off my positions at $0.34 with a limit order to buy back at $0.28. I agree with you for the most part.
newyorkisheaven
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great analysis and explanation. thanks for sharing. keep us updated.
Doge. I was in in December. I won’t say what happened when I was pickin up my one year old. Accidentally sold all on RH at .07, one swipe up. I wanted to die. So now I’m accumulating again. I have 20,000 but I’m in at like .255. I’m not an expert. But I see a healthy run of from about there to .31 ish. Is this a range it will continue to go up and down and I can do day trades. I committed to holding for next spike. But there is clearly a pattern. Especially if next big spike is what may? According to this chart?