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Dogecoin / Bitcoin

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DOGEBTC trade ideas

Log Charts Are BrokenThe image speaks for itself mostly. The way a log chart works is such that a 100% move should have the same height anywhere on the log axis. I suspect it's because something in the way TV deals with large negative numbers in its log conversion isn't working as intended. Posting this as an idea because it's so visually clear what the issue is. This is a huge problem. Not being able to chart low satoshi coins with log scale is going to hurt analysis in general. I believe TV has been like this for many years now because I don't remember these kinds of coins ever displaying correctly.
by Murch
4
Dogecoin is at very historical supportDogecoin has reached a level of support that it has held for the entire life of the chart and is now making slightly higher lows it may be setting up to atleast test the downsloping resistance . Along with that Doge appears to be in a range bound environment and it's currently making higher low quite close to the bottom of the range. A low balled Measure Move of this double bottom/range like pattern would take us to around 130 sats But it's risky to fully bet on a breakout so for now just remember to take some profits at the downsloping resistance at around 58 Sats and whatever you may have left you can try to ride upwards
Long
by RizeSenpai