Hello,
I’m concerned that this is a big gap in the white oval… the heavy dotted resistance line should be the test of it as it turns support. . . Not sure if it will be as drastic as the big arrow shows, but that is the pressure that this gap is creating.
Follow along for more!
I’m concerned that this is a big gap in the white oval… the heavy dotted resistance line should be the test of it as it turns support. . . Not sure if it will be as drastic as the big arrow shows, but that is the pressure that this gap is creating.
Follow along for more!
Comment:
I see a variety of sideways moves for doge before the next burst. The traces here show behaviors following similar peak formations from 2 cycles back on any relevant scale.
BTC on the right is showing a strong bearish fractal at play, illustrated in the yellow trace. We can also see the tail of the big white bearish arrow i drew in my last BTC update from a larger time frame.
Bottom left… she sure is pretty, eh?
DOGEBTC (bottom right)
This one is cool… feels like we may have just changed attitude from bearish into a bullish formation. Also noticing the divergence between MACD bottoms and chart bottoms… thats a pretty strong indicator for a reversal. The RSI is also nicely loaded up on the over sold side,,, likely to start its upward oscillation. (Pink arrow)
So… could be a neat flow of money from BTC (at an over extended high position) into the alt coins. DOGE is my favorite, cause it’s the one coin that has love.