If Doge were to begin to slip on us for whatever reason our first area of support would be the orange box indicated on the chart, and if that doesn't then we are going to the red box, which is where we started the year out. I don't believe this is very likely, but anything is possible. The other day on my post providing evidence for why Doge can most definitely reach $28, I used my variation of Doge that had cycle-phasing that decayed differently than BTC from $28 and onward, but in this chart I have adjusted Doge to adhere strictly to what BTC has done since launch, as it has been in a fractal pattern all year. Within the related idea, I used my variation of BTC that had this years phase two reaching up to 500k, and then proceeding as it has in the past, therefore attaining far higher values after this coming top, but below is the variation of BTC if it continues to strictly adhere to its cycle-phasing, repeated fib levels over the last 11 years, and return decay; this chart also extends to the 2080's, and lands us at ~250k for the upcoming top, ~$1.5 million for the end of this decade, and ~$270 million by the 2080's.
BTC analysis:
Also, you've got to think that the last Bitcoin won't be mined until around 2140... this thing will go so high. Also, if Doge were to follow as it does in this analysis, or perhaps even more bullish, it would take out the market cap of Bitcoin quite fast, which, honestly, at this point, I don't have an issue with that. BTC will be a great and massive store of value while Doge is a form of currency with larger day-to-day trading volume. Once people realize that Bitcoin only goes up overtime and that your money will ultimately only appreciate overtime, the dam is going to burst. You must remember that without Bitcoin, Doge, nor any of the other, could have done what they have... this all predicates off of Bitcoin. All of this being said this is a backed up observational idea, so don't scold me.
Comment
⋅
Another important thing to note is that the fib extension for the beginning of Doge lands $28 right on the 4.618.
It seems like your fib extension say it can go down to 0.13 and 0.06.
Elijah144
⋅
@Sirsiu I mean that’s what the purpose of this post was… if we are going up I see $28, and if we are going down I showed the next two zones of support. It’s my opinion that we are going up.
Sirsiu
⋅
@Elijah144, Ah okay. So that means we may still have great buy opportunities haha.
B_Musk
⋅
Is there an expected token burning to justify this? I can buy a market cap of Doge being 10T-20T one day, but Doge being worth hundreds of trillions to quadrillions is outlandish even for me.
Elijah144
⋅
@B_Musk No, I didn’t think of that being a factor into this. I’m simply just applying the entirety of the fractal and saying that there is now enough money available for $28, and that I believe crypto and the blockchain can take us economically, and as a society, into very prosperous times. Essentially what I’m saying is that I believe Bitcoin is going to propel us as a society into a civilization where Doge could very well be supported at thousands of dollars. Will any of this happen… I don’t know but it’s a foreseeable outcome I don’t have an issue with; mainly because I think anything is possible. We’re still in the infancy of crypto and blockchain, we’ve got a long way to go and I think where will go is going to be shocking regardless of bias.
B_Musk
⋅
@Elijah144, Got it, I generally agree with what you're saying. I still think DOGE being worth 100k+ is a bit absurd, but who knows, maybe in 20 years paired with some inflation and we might just get there. Either way, the future should be very bright in some regards. I appreciate the optimism, too many pessimists these days.
Elijah144
⋅
@B_Musk, Yeah, while I am being so optimistic about where crypto is going because it is possible, I believe the world is ending within my lifetime—I’m 20—and I think the world will only get worse until then, so honestly… I have no idea what is going to happen, but if things happen to go well then we have a bright future. Super off context and out there, but we are currently living in a global mass depopulation plan being carried out by global elite, and they want to kill the vast majority of the population.
B_Musk
⋅
@Elijah144, the world doesn't end, it evolves with or without humanity. as for humans, every century or so we hit the reset button (some say its driven by debt cycles (Ray Dalio), others by some natural rhythm of human nature.Whether or not that is driven by a cabal of elites or not I can't say, but we humans have a way of getting ourselves into these messes that end up acting as cleansing of sorts - lots of death, geo political power shifts, new technological and cultural paradigms emerge, etc. Unless an asteroid or nuclear armageddon take place, we'll likely get through it, but not at some cost. thats life. use it to your advantage. also f*** the media, they make everything seem 10x worth than it actually is.
to add, you are right to feel that the world is ending, because it is. change is about the ending of one thing and the beginning of something else. I once read this book that discusses how throughout the ages when society drastically changes there's always this since that the world is ending. And it always is in the form that people were once use to.
It seems like your fib extension say it can go down to 0.13 and 0.06.