kurtkemo

kurtkemo

Headlines today: Fed Chair Powell says interest rates are ‘likely to be higher’ than previously anticipated. DXY was at a solid resistance cooled off for a bit under it, and it just broke that resistance to the upside. If interest rates need to continue to be raised we would expect more upside in the DXY. Rate hikes continue as expected -> DXY will follow...

kurtkemo

The Wyckoff Accumulation schematic and DOGE/USD price look very similar. We'll know really fast if this idea is invalidated because the schematic suggests very quick appreciation in price after the spring. Price has been rangebound for months and if I've learned anything about long accumulation ranges on meme coins its that they break upwards.

kurtkemo Updated 

Descending Triangle simply means we go fucking down. Made a quick 300% on this and dropped it. Short this shit or sell your positions.

kurtkemo Updated 

At a time last year sentiment felt very similar after a large correction, many calling for lower prices, yet we went up. We have consolidated for long enough at these prices. I used the "Bars Pattern" tool to take the part of the chart highlighted in the circle and overlay it with the recent prices action. Obviously, this is just a generalized idea of where price may go.

kurtkemo

A large up channel has acted as support on the bottom of the channel and resistance at the top of the channel, obviously. Within the last week, we saw a strong reaction off of the bottom of the channel. A break of the falling wedge to the upside may send DOGE to the top of the channel. The green circle highlighted at the top resistance line is a possible reversal area.

kurtkemo

I'm waiting for a lower low in the price with lower levels of negative momentum. As well as, a higher low in the RSI at the lower low in price. (I have the upsloping lines already drawn on the MACD and RSI waiting to see what happens). Two good bullish indiactors to enter a trade with. Waning negative momentum on a lower low and bullish divergence. I compared the...

kurtkemo

In anticipation of the upcoming SNL skit with Elon Musk price spiked. Now it is consolidating between heavy resistance at $0.75 and support at $0.68. The ascending triangle pattern being printed breaks to the downside considerably more often than to the upside. After reaching a measured move from the LTF bull flag a pullback here is imminent. Bids set at mid...

kurtkemo Updated 

All about falling wedges: ibb.co The Pattern Site is a great resource created by Thomas Bulkowski to educate those interested in financial markets and trading. This graphic is from his site, all credit to thepatternsite.com I wanted to show the similarities between the DOGE 1hr chart and a falling wedge with a dip. Is it this easy? Because the retest on the...

kurtkemo Updated 

MACD showing signs of waning negative momentum on a lower low - BULLISH RSI showing divergence, higher levels of buying pressure on lower lows - BULLISH Uptrend - follow the trend. 3 BULLISH indicators now... Conservative estimate of 0.5 fib, out at 0.786 fib.

kurtkemo

Kinda funny how price action reacts to a line you draw in space. After breaking out of the broadening wedge overhead diagonal resistance is next. I expect a pull back here.

kurtkemo Updated 

Bitcoin was in an ascending wedge and then broke down. It fell below long term rising channel. Within the last day BTC/USD has recovered, breaking back above the long term rising channel. If we can break back into the rising wedge then 14K+ is in the cards. Currently we are in a parabolic move. A parabolic move doesn't continue to rise and rise, we stop and take...

kurtkemo

Ascending triangles go up. LOL

kurtkemo

Just first post, messing around.