Total marketcap = $2.3T
Total Marketcap excl Top 10 coins = $390B
That's ONLY 17% of total marketcap! OMG THAT'S NOTHINGGGGGGG!!!
The percentage should go up to 30% at least!
If the total marketcap is $5T, 30% is $1.5T
That's a 4x from here!
Some ALTS are going to 10-20x easy!!
BULLISH AS F#@!(*
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The top chart compares ETH marketcap vs marketcap of all excluding top 10 coins.
Bottom chart compares ETH marketcap vs marketcap of all excluding BTC and ETH.
You can see ETH profits are going to coins outside the top 10. Super interesting!
Buy MID SIZED coins between 1B to 10B marketcap.
🏛DOGECOIN broke out of the local wedge
And is making a pullback to retest falling resistance
Where the I think it will bounce off the resistance confluence
And fall down towards the local support
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This buy and sell strategy is intended for long term investment specifically for Dogecoin. It is intended for the Dogecoin trader to find easy entry points in to this volatile asset. It is recommended to also follow Elon Musk on twitter so you can find the supreme entry timings for pure moon profit.
Looks pretty oversold and it bounced on a major long term trend line. I do think that we bounce back at least to retrace (fib levels). A lot also depends on ETH so watch that chart. If ETH dumps more, doge will as well. But I do think up is higher than down right now.
DOGE coin has been setting itself up for a breakout since May 6th, which could be coming very soon.
What we are looking for is an increase in volume and a push past the downtrend resistance line to break free.
Currently holding a position @ 0.311
Stop loss is set at 0.295
If we break to the upside,
1st Target: 0.47
2nd Target: 0.63
This is a play you don't...
Is mirroring in growth as the past few weeks it will go up again to 0.89-1.28 usd this just before end of month June. Beginning of next month is just about to explode as Tesla announces the purchase of 90% reserves of BTC exchanges to Dogecoin.
Here is my trend i have started to try, i am super new, so appoligies for the amount of graphs, i was seeing how best to put what would possibly help me figuer out the life wave of the people in this market.