DOGEBTC trade ideas
#DOGE, 20% on the daily... #DOGE
New 12H Buy signal by the UCTS indicator (1st since April that lead to a 10x)
Pushed above ~1k sats on increasing Vol based on the Coinbase listing news
~20% on the current market status is quite good tbh
Anyway, willing to let it run & see if it can go for the ATH
$DOGE
DogeBTC bullish PennantHey all,
DogeBtC now is situated into a bullish pennant which can lead Doge for a massive breakout.This is a powerfull continuation pattern.You can entry on this trade ONLY after a succesfully breakout from this channel and a succesfully RETEST of the upper line.
The possible target is 1180 sats and 1600
Personally i will not enter in this trade because in my opinion Doge it s too overvalued and the BTC dominance when will increase doge will plummet hard
After a succesfully breakout i will short this coin ,keep your eyes on this coin.
If the breakout and retest will happen ,this coin will take the first target
Tehnically:
-The pennant is a bullish pattern
-Macd sell volume slowing down which is a bull signal
-stochastic bullish
-rsi situated into a falling wedge which is bullish
Bear signal
-BTCUSD Long positions it s too high(check my previous TA on BTC)
-BTC dominance RsI on weekly too low
Personal strategy:I m waiting the breakout and after i will short doge
DOGE fib time zone fits pretty wellI have a hard time to decide between bullish and bearish attitudes, but it seams that the next extremity might be at 15. Roughly coincides with the next top predicted by www.lookintobitcoin.com
I generally noticed a sentiment that says that the alt season is over. However, history indicates that alt seasons tend to be longer than a couple of months. I am holding half of my doge and having the other half ready ti be dropped at a certain stop-limit.
much wow again? maybe who knows? why not?looking at the doge btc pair i see another idea. weekly is on a green TD 8 still and there is a chance that we close it green in 5days then id be looking for a huge 9 (with slight chances of dump to 600 sats and then or otherwise target to 2300 sats for wave 5 and to complete the TD sequence and of course reach measured target of the bull pennant which shows confluence with the 2.618 fibonacci.