How I made this: took the fib levels from a bearish perspective for the previous two big bull runs to ATH. Marked the levels in the fib where the majority of the trades happen, and observed the trend. You can clearly see them bouncing off those levels.
For all those drawing triangular wedges, 99% of the time they don't work and price goes down. Stop giving bullish perspectives based on these wedges.
I posted two DOGEUSDT analyses in the past based on simple harmonic patterns that were confirmed because they passed the Fib levels tests. The most recent one highlighted a H&S which is bearish, price went down. So, right now we don't know where it will stop going down and it hasn't made a nice clear pattern to observe.
Thus, I am giving a bearish perspective and pointing out the levels where the market will either be indecisive, meaning it may continue going down or do a small bounce up.
And a resistance levels where it will face a good amount of resistance (open your exchanges, look at the volumes of buy and sells if you want to confirm with me).
And support levels where it may be wise to place a small buy order and get the profit from a bounce up. Everyone and their dogs will have placed buys there for quick 10% profits.
So please, I am actually concerned at how many times I see these triangles and wedges bullish perspectives that get posted here.
Do your research: a. look at large orders, where the walls are. b. draw your fib levels. c. observe bollinger band levels. d. look at your rsi levels. e. go to vcdepth.io or coinmarketflow.com and look at the real time volumes and Bids/asks.
For all those drawing triangular wedges, 99% of the time they don't work and price goes down. Stop giving bullish perspectives based on these wedges.
I posted two DOGEUSDT analyses in the past based on simple harmonic patterns that were confirmed because they passed the Fib levels tests. The most recent one highlighted a H&S which is bearish, price went down. So, right now we don't know where it will stop going down and it hasn't made a nice clear pattern to observe.
Thus, I am giving a bearish perspective and pointing out the levels where the market will either be indecisive, meaning it may continue going down or do a small bounce up.
And a resistance levels where it will face a good amount of resistance (open your exchanges, look at the volumes of buy and sells if you want to confirm with me).
And support levels where it may be wise to place a small buy order and get the profit from a bounce up. Everyone and their dogs will have placed buys there for quick 10% profits.
So please, I am actually concerned at how many times I see these triangles and wedges bullish perspectives that get posted here.
Do your research: a. look at large orders, where the walls are. b. draw your fib levels. c. observe bollinger band levels. d. look at your rsi levels. e. go to vcdepth.io or coinmarketflow.com and look at the real time volumes and Bids/asks.