ELON
ELON Accepts Doge, Pamp It, Dont Damp ItIf we can continue with sustained momentum up this could be a nice scalp if not bigger. Elon has officially accepted Doge as payment. We have consolidated into a nice bullflag since the news, if volume can follow through we can hit the upper target. NFA, DYOR
11:06Dec 14, 2021Benzinga
Elon Musk Sends Dogecoin Running Higher Once Again: Can The Crypto Maintain Momentum?
Dogecoin (CRYPTO: DOGE) skyrocketed 44.85% at one point on Tuesday after Tesla, Inc (NASDAQ: TSLA) CEO Elon Musk announced on Twitter the EV and technology company will begin accepting the Shiba Inu themed cryptocurrency as payment for merchandise.
The announcement was exactly what was needed to perk up Dogecoin, as a higher low printed Monday at the $0.151 level indicated the crypto may be ready to reverse trend.
Musk has been a strong proponent of Dogecoin and often communicates with the crypto’s co-creator, Billy Markus, over Twitter despite Markus no longer being involved with Dogecoin’s development. Last May, Musk announced he was working with Dogecoin’s current developers to “improve transaction efficiency” and on Nov. 10 sent a message of approval over Twitter after Dogecoin Core 1.14.5 was released, which lowered transaction fees.
Tesla (TSLA) Double BottomComing into this morning Elon Tweeted something or other that pumped Dogecoin. This was annoying because I had a remainder short but an annoyance does not make me ignore opportunity.
On the morning's scans came a Spike Alert on NASDAQ:TSLA . I have been looking to get long Tesla for a while and this morning presents the setup. The Spike Alert is the trigger and the price action pattern is a potential double bottom.
Doge is showing its teeth.Good morning folks,
I watch DOGE coin everyday, but it’s not by leap of faith or blind optimism. DOGEcoin actually has value written deep inside its culture and its purpose.
DogeCoin earlier this year found exaggerated heights after the first Great Bull Run of 2020. It was definitely manic buying, followed by panic selling, but what crypto currency didn’t have this narrative? I for one, watched the market crumble after the first bubble, and now again from the second bubble.
In a tremendous feat, after the declination of DOGE coin evaluations in mid-2021, when we walked our way through some seriously convincing charts. Dogecoin couldn’t hodl itself us any longer. BTC crash of November really was at the detriment of Dogecoin price.
For the last few weeks I’ve been watching doge heavily as it begins to show a new floor, I knew that it would be due for another great bull run, much like the ones seen in mid-2021 by most of the market.
Aside from many aspects of Doge which are upcoming, they recently have shown a clear marketing strategy and are moving towards some clearly concise goals as an ICO.
Elons decision an hour ago to allow the use of DOGE coin for mercy payments is no mistake. With the DOGE-1 rocket set for take off in 2022 (A project which will use DOGE as the currency to buy all materials) this one is a sure shot to the moon.
Thanks for taking the time to read my update!
SHIB's healthy consolidation! Establish a range between .xxxx29 and .xxxx44! This will likely consolidate in a pennant for another few weeks, don't expect a spike back to the highs just yet. I'm not gonna use hard stops on this beast but below 29, I'll likely exit. Let me know any thoughts about possible divergence anywhere. (I'm also building a position in ELON and DOGE once again, let's see what these puppies can do within the next six months.) Cheers mates!
LONG DOGE FROM SPRINGThe 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.
Elon, Dogelon Mars Cup and HandlePOLONIEX:ELONUSDT
Elon total history, after the pull back we found support on a major historical trend coinciding with sine and fib speed fan support.
Riding a long position to .000005 mid December at which point it should hit a consolidation period in to early January where we kill a zero.
Scalp the tops funnel low cap profits in to mid caps.
Tesla ~ TSLATesla I'm now flipping bearish on. Market just looks so weak unless this thing and the rest of big tech can randomly pop and carry the index (which will happen again) but i dont think it's that time now yet.
Short below 1090 and suspect 1050 to come next.
Buy shares anywhere under 1k on this one if offered.
1020 should be viable bounce zone and if not this could be up to 1000$ pysc lvl.
6 year old's Chart Analysis SHIBI think SHIB is too much fun haha... I've sold some today to buy ELON and DOGE again (same shitcoin category?). This SHIB dip seemed too calm, I guess the old heads were waiting to see a flush down. I'm not convinced that we are out of the woods yet, but if it's going up, I won't fight it. Kraken kids seem to have a lot of money lol.
ELON- Dogelon Mars getting ready for a 5 to 1 If Elon shows support at .00000125 I think that it has a chance to keep dropping to 0.000001 but it also has a chance to run to all time highs. Why not. If it gets lists on CB or Binance it's gonna go bananas.
ELON, IS THIS IT?Hello everyone,
As many have probably noticed, the crypto market took a small hit this morning in result of the stock market dump at market open.
A small dip in crypto as a result of a stock market crash is expected but crypto should see a nice and quick recovery imo as people move out of stocks and into crypto and other assets.
As far as ELON goes, it has been a frustrating week for us as ELON has refused to break to the upside but.. it also has maintained above our ORANGE line for the most part and always has climbed right back above it even when it wick'd below.
As is the case now. Currently, ElON is sitting right on top of our ORANGE support which is a good sign as long as it can stay above it.
I have also drawn out what appears to be bullish divergence on the 4hr chart, another good sign.
With that being said, there is always risk in trading and not all trades can go our way as much as we would like them too. Please manage your own risk accordingly.
Watch that ORANGE line closely. even an hour candle close below it at this point could spell disaster.
Also take note that our EMAs (that is a 20 period and a 200 period on my chart) have not yet crossed bearish which is yet another good sign but we will want to monitor those as well.
UPDATES to come...
:)