DOGEBTC trade ideas
Another good way to kill your deposit (3 part)We have already told you why you should not trade based on news about the asset and proved that the short-term trading style only seems profitable at first sight. Well, let's move on to part three of this series and discuss why not every 'hold' position in cryptocurrencies can be called an investment.
You may have already heard in our previous posts or live streams that you should not rely on Altcoins fundamentals. The market capitalization of some Altcoins is so small that it makes analysis of the fundamentals of this asset meaningless. Other coins don't allow you to view their fundamental data.
You can't always analyze the number of active wallets, transactions, the amount of stacking, etc. This tells us only that long-term investing in such assets is a real lottery. If you did not have enough information about an asset at the time you decided to invest in it, it means that the next time you will find in your account x10 or an amount close to zero. At best, the amount will not change.
If you are good at technical analysis and can build a resistance level and even determine when that level becomes support level, then don't be too quick to apply that approach to all assets without exception. Even though the connection between Altcoin's growth and the patterns on the BTC chart is not always obvious, Altcoins are highly dependent on bitcoin. As practice shows, sometimes especially strong growth of Altcoins coincides with BTC consolidation. Strong BTC corrections of 10-20% could have happened at any time, this is an ordinary correction for Bitcoin. In that case, Altcoins could exceed this correction many times over which will break any expectations you have for the market situation and break your technical analysis patterns. That's why your trading decisions regarding low-cap Altcoins should take into account fundamental parameters if this asset allows you to do so.
If you do want to try your luck and invest in Altcoins whose parameters you can't analyze, then the first advice we can give you is don't do this. The second piece of advice, if you don't take the first one, is to diversify your money in dozens or better several dozens of promising Altcoins.
We hope that this series of educational posts and our stable profit figures have shown you why Pennygene prefers long-term investing and takes a conservative approach to trade.
Doge rhymes with Joke - that is no coincidenceDoges like to run, sometimes they run away. But when asked to sit, they like to sit. Doge has been asked to sit, and that is what it's going to do.
DOGE / BTC After the super pump, a triangle is formed. Elon MuskDOGE / BTC After super pumping the price, a symmetrical triangle is formed. We see the ransom squeeze from its lower border. If a given triangle forms, its base is 300%. Let me remind you that the accumulation pump, depending on the exchange, was about + 1500%.
If we assume that a triangle is formed, then it will be fully worked out in cases of a breakthrough of the resistance of 300%, and if, after working out, the upward trend of insanity continues and the "new advertising personality" announces that his toys for adults and wealthy uncles will be sold for "national coin", then the triangle can act as a canvas of an upward pennant (unlikely). I think the real targets at the moment are a potential upward movement inside the triangle (about + 70%) and then in cases of a real breakout of the triangle - a movement to the previous maximum.
This is not just a risky trade, but an extremely risky one, since the price from accumulation is currently about + 10X. I covered this topic in more detail in related ideas on DOGE (see below). Also, the price of this coin is based on the accumulation of 16 satosh, as well as the previous pumping before that.
The new advertising personality of the crypto market is pulling the dog in every possible way. From time to time we see his different statements exactly at those moments where the price chart needs it.
For example now:
"If major Dogecoin holders sell most of their coins, it will get my full support. Too much concentration is the only real issue imo."
He also did not mention that about 20% -30% of the positions after pumping on the dump were distributed to linked wallets, it is not difficult to guess which group of people they belong to. Yes, saint, he has no personal benefit). But, he could not make such a tweet when the position of 16 satoshis was recruited, but at 10X from the set, the very thing ... And it doesn't matter what the price will be next.
DOGECOIN AND BITCOIN | Could dogecoin go up ?Hi Guys !
On the technical side, we have a pattern which is showing some loss of momentum on the 4H timeframe so we can anticipate a continuation to the upside. Based on that keep your eyes on 15 - 1h timeframe for your buy setups before entering the market without having this setups don't get in. Don't chase the running candles.
There is the move with +150% to be made (if this dogecoin chart follows the script) and the trade has a nice protentional reward.
Any strong break to the downside will invalidate the setup.
Day trading dogecoin can give a nice profit. We have a dogecoin discussion yesterday on a live stream. If you want watch the recordings.
The Risk:
As trader, it is your job to mitigate the risk and only trade structures that provide high probability and great reward to risk ratios.
For analysing the chart and predicting the upcoming wave I use upgraded version of Wave Analysis. This strategy is easy to understand and it is totally without fundamentals ( It doesn't matter if Elon Musk buy dogecoin or if Elon Musk tweets about dogecoin) . However if you don't over risk and follow the plan than there is noting to lose in this crypto trading.
Trade with care !
It's not a DOGE it's a BEAR!Well I was optimistic we would see some new heights to DOGE, but It took out my bullish support and now I must change my view. This is a fractal of the previous pump in to accumulation, there are still some great bounces ahead if this plays out! This coin went 10x against BTC in a week, smart money tends to not want to invest in a coin that has already done that. It will need to go through accumulation again most likely, I still think we see one mega pump again out of it by the end of the year! Now if Elon would just tweet Litecoin...
DOGEBTC 4H The big news is coming, and you should bear in mind that risk is the biggest part of a great opportunity, so only you can make the right decision.
Possible last chance to get out of DOGE into BTCfor you goofy DOGE hodlers, this may be your last chance during this run to trade your DOGE to BTC. see the smart ones back in at 20 sats.
dogebtc 120 Satoshi in Moving Average 100 at 4h important levelDOGE at important support 100 Moving average at 4h.
It can shot again into high, which is very possible.
Or crush -80%, but this will mean end of altseason, which is just started.
Doge to 278 satoshiDoge hit the trendline and the 61.8% fib.
Once it crossed the 50 EMA I am looking for a target around 278 satoshi.
You can't keep a good DOGE down!Well I woke up this morning and was popping through the alt charts, doge is right on my support line, all my hopefull buys from long ago still way down there! Elon still tweeting doge every week, I half think hes going to buy it. Naaa. But the people will, we got bag holders who bought at 250 sats to save! If only they can keep holding on.
DOGE TO THE MOON / DIARY CONFIRMED after a dark correction the price held on the support, confirmed in the daily chart, in the next few days we will see a new strong upward trend, which may be driven by elon musk
DOGEBTC - At least one more upTrade with care.
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. We do not recommend making hurried trading decisions. You should always understand the risk that trading implies and that PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
DOGEBTC - We were right, and we will be againTrade with care.
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. We do not recommend making hurried trading decisions. You should always understand the risk that trading implies and that PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
DOGEBTC still supported. Will it go higher or not?Hi everyone, this is another update on dogebtc. As per chart we can see that for time of writing we have a nice reaction from fib 50%, but i would like to point out that after almost 1000% gain, we may see a 61.8% retracment on doge before any futher upside.
This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
"A is for my attitude working through the patience
Money comes and goes so the M is for motivation
Gotta stay consistent, the P is to persevere..."
If this is Bullish, how to trade DogeIf you are looking to buy Doge, this is how I will do this
1. buy a breakout above the channel
2. wait for previous support levels lower, also bottom of the channel
3. buy at the 800 Ema support line
