I think what is happening with Elon Musk and Doge is amazing. I think it could become one of crypto's greatest experiments. I agree with Musk that Dogecoin is "the people's crypto". For one thing, the coin supply is a better fit for a global population.
Dogecoin's liquid coin supply is: 128.6b
World Population is: 7.6b
So 16.76 DOGE exist per person (.67$)
There is a sequence of events happening that is very similar to 2017.
I call it the Bitcoin Tsunami Effect. Like a tsunami it begins with a tectonic shift at the bottom of the market (ocean) that releases a supply shock. The Halving date comes and the mining reward is halved, like in 2012, '16, and '20. Money then moves...
The similarities between these 2 charts are pretty overt. I've been following this for about a year and a half, posting the progress on my twitter thing. It seems like a cyclical fractal for bitcoin's sidekick basically. Litecoin was the main alt back then and now Ethereum is so it is going through the same motions now.
It obviously makes sense to look at the...
Im pretty grossed out by what this market has become lately. Everything is so stupid, everybody is talking about it, Kodak has a scam miner, companies add blockchain to their name and it pumps, KFC has bitcoin buckets. I watched my friends and others disregard my interest and do no research from 200$ to 10k$ and then start throwing money at it, having still done...
Monero looks a lot like early bitcoin . The stoch rsi shows a hidden bull divergence in the same place as the bitcoin rise, and it just kinda looks similar, respecting the 61.8-78.6 retrace with each move up. I guess there will be 2 big pushes.
If silver can make it below that 13.77ish level then Id expect 9ish to show support but Im expecting something of a safe haven migration with the dollar moving higher so I think its more likely it will bottom here. The threshold is the area between the .786 of the last rise and the bottom it rose from. I expect that area to define what happens next. Also fwiw, the...
yea, I think the dollar is going up, so... Raoul pal pointed out that its under that longterm trendline and that oil has been closely inverse to the dollar. The RSI shows a hidden bull divergence. 39.30 is the .786 for the whole range since 1999, below 39.30 forms a double top and should set it off. Full retrace, epic pump and dump, lol.
Levels I'm watching on Monero right now.
420 and 666 are obviously the most important.
the market will probably find significant support at 420.
666 is a trap.
Worst case scenario is 187.
And of course everything goes back to 911, so I anticipate that being my bounce target.
Yea, I think the dollar is gonna go up, so that means I should explore what that means for the euro. There is a monthly order block shown by the box, and generally it looks like the .80 area has the support in the event that this decades long trend breaks. That is a pretty big deal I'd say. The Euro has had a pretty defined trend for decades and that could break...
These are the support levels I'm watching,
~2115, ~2000, and ~1800.
2115 is a very important level imo. When it broke above it
I had to suspend my bearish expectations. A break back
below it turns the bear alert back on. when you consider
what a joke this election is and also that there
is now reason for the Saudis to dump, and deutsche bank
is rekt or...
I don't know how to explain whatever role the "market maker" has in this situation but it matches the profile well and has played out the whole profile the last time it went up. Using that measured move technique or harmonics or whatever you call it, a second move up of the same proportion would put it at around 114 where it would top. I'm imagining this as being...
yea, I think there is a refund bounce coming up. I dont expect ltc/btc to do anything big until 2017, in the mean time I plan on exiting my litecoin position at at least break even. I bought before that hump in may, looking for the refund bounce. There are bull divs and shit
bullish divergences in the macd , a fractal kinda thing in the rsi , its setting up a double bottom pretty much under the 2 year range. Lots of similarities. buying here in the 4ks and selling between 15-20k is what I take away from this. If not august then in september, over the course of the next 2 months I suppose, looks like it could happen soon tho.
Yea, there is a lot going on here, Doge seems to have a pretty simple pattern to it tho. There is always a pre-moon dip and the rallies are explosive and quick (have orders set and waiting). In the macd histogram you'll notice that the bullish momentum has been gaining each rally. And if you looked at the 1w chart you'de see the bearish momentum is decreasing....
Crazy similarities with BTCE 2012. Hidden RSI bull div, both in OTE, MAs playing out the same pattern basically. A break of the 25D MA might be a good signal to buy if this thing is just gonna full on repeat this.