I'm a novice trader. I like to invest long-term and do short trades sometimes. I have been holding Dogecoin since 2017. It's fair to say that it has treated me well. Back then, there were many talks about doge "crashing," and crashed it did. But I have been sitting on the greens since 2018. And now, I am awaiting the bullish wave again.
With Dogecoin, I like to zoom out and look at the yearly chart at one-week intervals. When I have a conversation about securities with my buddies, the conversation typically involves action-forcing events that trigger pumps and dumps. All of this is noise because we are talking about what happens on a daily interval. When I zoom out, none of the bear arguments matter, valid or not.
The chart shows that between 2017 and 2018, Dogecoin saw a meteoric rise from $ 0.0002 to $ 0.02. Now I have seen A LOT of bears fear-mongering that Dogecoin will go back to 1 cent. I disagree. I do not see Dogecoin returning to 2018 levels, which has yet to be visited when we tested the low levels at $ 0.05-0.06, many times, for years.
The years 2018 and 2019 share a lot of similarities. First, Similar to the 2018 rise, Dogecoin hit $0.7019 in 2021. And look at the similarities in the graph. It pushes, then pulls back, then pushes to the all-time highs. This is characteristically Dogecoin.
Second, both meteoric rises travel down in the M-pattern. After the M-pattern downward trajectory, it "pops" once and then falls (Red dipping line). At the end of each dipping line, Dogecoin undergoes a W-pattern. Now, the part that perplexes me is whether we have experienced "THE DIP." If you look at Arrow A, the Dip follows the W pattern. I can't tell if we have experienced that Dip recently or if there is a big Dip coming soon. Whichever the case, I see the next bullish wave coming. And I am not going to get shaken out if the Dip does come.
See you at $9. Then to $20.
With Dogecoin, I like to zoom out and look at the yearly chart at one-week intervals. When I have a conversation about securities with my buddies, the conversation typically involves action-forcing events that trigger pumps and dumps. All of this is noise because we are talking about what happens on a daily interval. When I zoom out, none of the bear arguments matter, valid or not.
The chart shows that between 2017 and 2018, Dogecoin saw a meteoric rise from $ 0.0002 to $ 0.02. Now I have seen A LOT of bears fear-mongering that Dogecoin will go back to 1 cent. I disagree. I do not see Dogecoin returning to 2018 levels, which has yet to be visited when we tested the low levels at $ 0.05-0.06, many times, for years.
The years 2018 and 2019 share a lot of similarities. First, Similar to the 2018 rise, Dogecoin hit $0.7019 in 2021. And look at the similarities in the graph. It pushes, then pulls back, then pushes to the all-time highs. This is characteristically Dogecoin.
Second, both meteoric rises travel down in the M-pattern. After the M-pattern downward trajectory, it "pops" once and then falls (Red dipping line). At the end of each dipping line, Dogecoin undergoes a W-pattern. Now, the part that perplexes me is whether we have experienced "THE DIP." If you look at Arrow A, the Dip follows the W pattern. I can't tell if we have experienced that Dip recently or if there is a big Dip coming soon. Whichever the case, I see the next bullish wave coming. And I am not going to get shaken out if the Dip does come.
See you at $9. Then to $20.
Comment:
I am now comfortable to say that "THE DIP" has passed. I expect generally sideway action until December 2023. Then I expect the bull run to last throughout the year until December of 2024.
Trade active:
I maintain that I expect generally sideways action until December. There might be a spike in the teens (low- to mid- 10 cents). But I expect the spike to die off quick. Then generally sideways action again. And then we fly to the moon in 2024.
Comment:
Okay. Now we hit that 10 cents mark. I expect this to go back down, cool down a bit, then we rocket 🚀
Comment:
Now we have entered the "cooling" off period I was talking about. I expect this to last over a month.
Alternatively, if we shoot up now, then I need to redraw my chart. In which case, my prediction will drop down to $10 max.
Alternatively, if we shoot up now, then I need to redraw my chart. In which case, my prediction will drop down to $10 max.
