Before reading, get rid of your moonboy mentality and no emotions for dips/corrections! Cannot rule bearish scenarios! Dips are for buying!!
People are so focused on the hourly/daily timeframe that they get emotional on every dip! Take a step back to the weekly/monthly timeframe and see why I'm so bullish now. Stop looking at the short term dips/rise. Short term...
Hey Whats up!
Here are a couple scenarios that could play out on the large time frame for DOGE, normalized tot he value of bitcoin, which avoids the inflation fo the USD skewing the perspective.
It appears that this chart likes to make these wedding cake formations... in which case, we are at the top shoulder and headed down a bit as shown in the yellow...
Potential upside for DOGE coming. Retest of resistance on USDT chart and falling wedge on BTC. With upside for BTC hopefully coming this week I believe, we could see more accumulation for DOGE until BTC starts to consolidate.
We are deeply tempted to jump around between pairs, buy and sell without a plan which can lead to losses.
When things start to move...
When it is the Altcoins turn...
The best strategy is to be patient.
Plan before buying and then let the market run.
Dogecoin (DOGEBTC) is now showing a strong bullish breakout and this tends to move before the rest of the market...
In 2017 Xvg pumped in cycle with doge, with doge pumping to about the same of level of xvg in the early season and xvg out performing in the late season of the cycle. Prepare yourselves for the double bubble
Last week pump added nice amount of volume in the coin.
However the coin couldn't hold the price.
Main Reasons Could be:
1. Pump and Dump by smart money.
2. Sell off by the weak hands.
The coin is still under the trend line .
With SHIB dumping, money already started moving the good coins and BTC .
Still, #DOGE is the HERO of MEME coin. It got history and the...
BINANCE:DOGEBTC looks ready for the next move up,
If DOGE bottomed here, we should expect new uptrend soon.
Don't forget to manage your risk! 👌
Good luck and trade with care 🙏
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Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for...