Dogecoin / Bitcoin
0.00000162BTCR
−0.00000001−0.61%
As of today at 11:18 GMT
BTC
No trades
DOGEBTC trade ideas
DOGE - Great Setup for 100-200% ProfitDOGE has gained over 30% since our analysis in August and looks prime for a pump. We are several weeks of steady weekly growth and it appears to have broken overhead resistance. I think this momentum could snowball into some very solid gains of 100-200% here in the short-term. I suspect there will be significant resistance at the .000001-11 levels and for the sake of this trade, will likely consider this my exit point.
DOGE - Long OpportunityI'm accumulating DOGE since May, and opened a long position at 26 sats.
I do think that we started an uptrend.
Put some arrows showing where I'm specting (max lows) this retrace. The last IMO before the stratosphere at 80 sats, and another one before moon, at 100 sats.
I think that we need to see how DOGE is going to react to Binance liquidity. It may over pump DOGE to the 150 or even 200 sats. We'll see.
I wish you a great weekend. Thank you for reading.
The DOGE CycleChart pretty much speaks for itself. I try not to be overly optimistic with my moon targets as I am still relatively early into my foray as an analyst however given my personal sentiment analysis and overall observation of consistent irrationality in this market I find it far outside the realm of impossibility for another 5-10x. Would love someone to verify me on this but there seems to be some correlation between DOGE hitting it's cycle pump coinciding with BTC long term trend reversal which would show BTC slowly grind back up after a retrace towards the halvening. This is of course when I start teetering into hypothetical territory. I've been watching DOGE for years but never understood it from a trader's perspective but as of this chart I have opened my first position in DOGE and am rapidly accumulating at these lows.
DOGE growThere is a tradition in Crypto world to say, that when DOGE start to grow, alts season begins. Can't say its absolutely true, but if you think of DOGE, as a symbol of absolute worthless coin having no fundamentals of future development roadmap, it becomes very logical, that if THAT coin start to grow, any other shitcoin should =)
Buying DOGE is very RiskyDOGE is trying to break the rectangle inside which it is ranging for weeks now (23-30 sat). When loooking at the weekly chart, we notice:
1- DOGE is downtrending,
2- the oscillator shows an oversold situation,
3- DOGE evolve inside a funnel (sign of a probable breakout),
4- for the breakout to be confirm, volumes have to be high which is not the case here.
All these make me say that there is a high probability that DOGE will not continu its downtrend move.
Let's be patient with DOGE!!
DOGE / BTC such wow much amazeIt's interesting to look how doge is looking like a good proxy for the BTCUSD reversal hypothesis.
If bitcoin dump while doge pump (in usd). We could see trendlines breaking and RSI Histogram following through into bullish side.
Depending on what happens to bitcoin. Either a btc dump but specially sideways could be beneficial for doge here.
My biggest concern at the moment is the lack of accumulation volumes. Would expect to see some strong volume signatures forming to sustain major move and drive all the much amaze such wow.
On the other hand it is also like we could see major dump if bitcoin process with massive dump.
As of now better wait and see for some signs like volume and break of trendiness.
