Last time DOGE retested R4 in 2021 it went on to blow through R5 on a 55x run.
I am not saying it can do it again, but history rhymes and things can, do and will get wild.
TP1 hit. Not quite the way I imagined it, but we are here.
Breaking out multiyear ranges, mostly air above.
TP2 next on the way to a 44x $2200 sometime in 2025.
To add to my previous post: I drew the previous cycle range (blue box) almost 2 years ago. We are currently reclaiming midline of the previous cycle range. With confluence of fibs and pivots, BTC may test previous cycle range highs on short order, with much volatility at along the way.
A wick above FWB:48K is very likely imo followed with massive sell off post ETF announcement.
This may well be different, there was no institutional money or retail ETF before.
Maybe worth being a little cautious.
Not my idea, @CryptoJack brought this up months ago.
This thing completed its consolidation, holding yearly pivot and is looking to blow up.
Long term hold, will keep buying on the way up.
RLB almost hit the TP1 and got rejected. Was looking for positive reaction off the channel midline, but it failed. Worse still, it failed to reclaim midline, got rejected hard and broke down from the channel, completing 0.5 fib retracement.
I was away to take any action on this and would have traded it at midline reclaim rejection. As this is my long term...
