** The weeks ahead **
Following the vitriol received by the public on the short idea (below) it is time once more to extend that audacity with a long idea. Apologies to the 90%, I know how upsetting this must be for you.
On the above 3 day chart price action has corrected (as forecast) 70% from the short publication (red circle). Now is an excellent moment to consider a long position. But why?
1. 90% of the people reading this are selling, fear is not your friend right now. When there's blood on the streets, start a Black Pudding business.
2. Price action and RSI resistance breakouts.
3. Support on past resistance (red arrows).
4. Regular bullish divergence, just as before. Look left.
Is it possible price action continues to correct as a number of tradingview ideas are now calling for? Sure.
Is it probable? No.
Ww
50% short idea
Following the vitriol received by the public on the short idea (below) it is time once more to extend that audacity with a long idea. Apologies to the 90%, I know how upsetting this must be for you.
On the above 3 day chart price action has corrected (as forecast) 70% from the short publication (red circle). Now is an excellent moment to consider a long position. But why?
1. 90% of the people reading this are selling, fear is not your friend right now. When there's blood on the streets, start a Black Pudding business.
2. Price action and RSI resistance breakouts.
3. Support on past resistance (red arrows).
4. Regular bullish divergence, just as before. Look left.
Is it possible price action continues to correct as a number of tradingview ideas are now calling for? Sure.
Is it probable? No.
Ww
50% short idea
Trade active
Trade active on publication.Note
"Very soon" was not hyperbole... Note
Don't get all bullish at forecast, exit between 65 and 70 cents or be my exit liquidity!Note
An volume sized move to 23 cents inside the next 10 days.Note
Price action resistance now confirms support. A safe hold until the 70 cent area. Red circles where the short and long ideas were published ;-)
Note
Was asked "Isn't Doge in a large bull flag?" The flag is in reference to the structure below on the 5 day chart. Yes, technically this is a bull flag structure with confirmation and circa $20 per token forecast. The two flags shown are those with the most confluence.
I just don't know how or why a $35billion market cap becomes a $3.5 trillion market cap. Is the mother of all currency debasements just around the corner? I don't know.
5 day
Note
Resistance breakout. Forecast remains as with main chart to the 60 cent area and not more.Note
At resistance.. will it break through or reject?The answer I hope is obvious.
Note
If you can ignore your emotions (90% cannot) today would be an excellent moment to increase existing long positions.The original flag 3-day, notice the flag backtest?
Note
Forecast area is unchanged, not higher not lower, just as it was published.Exit into real cash when it's over. DO NOT use stable coins! You've been warned!
Trade closed: stop reached
Broken market structure.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.