DOGEBTC trade ideas
Opportunity for this pair!Hello MEGAGENTE.! Here I bring you a simple analysis for this pair, What I see is that for a long time it had been driving in a lateral channel marking a floor in the 25satoshis and a ceiling in the 33satoshis point that is currently serving as support for the price. Mark the 37satoshis with a red line because as you can see from the 07 and 08 of July when at last it broke with force that ceiling is being a point of both support and resistance for the closing of candles. Both the EMA20 and the WMA50 are open above my MA100, which indicates that the price may have recovery on the way to those previous 60satoshis that marked MAXIMO. Success for everyone.!
DOGE/BTC (Bounce Strong @ Fib .786?)DOGE/BTC
-found support at the last Fib .786 area
-currently trying to get hold above the .618 fib
-acceptance above this level will give upside potential up to 47 sats
-otherwise, failure to sustain will likely retest the bottom at 31 sat
-breaking below 30 sats will signal a more bearish scenario in the future
3rd Elliot Wave Has Been Started ! (DOGEBTC)Hello traders,
Doge did first elliot wave. Afterthat it finished abcde wave corrections . Right now doge has started to 3rd Elliot wave. Macd and big volume show that doge in the bullish mode. I think doge will go in 3rd elliot wave ( 1.618 fib. appr. 80 sats.)
Note:It is not financial advise.
Doge coin is at a crucial point here - will the bulls wake up ?Doge BTC is at a 0.618 retracement zone, order books are stacked with lots of support at these regions.
Best case scenario is a surge in volume at these levels (38-40) with price closing above short term highs.
Would be very wary if price revisited 29 sats again.
Also, Bitcoin Dominance chart looks weak, with more money flowing into the alt coins. BTC itself is also trapped in a very long consolidation pattern between 8.9 and 9.5k.
A break in either direction for bitcoin could signal the end of the 'alt season' as people transition value into their favorite bluechip crypto.
Sentiment should become clear in the next couple of days. When examining previous pumps in doge coin it's clear that the full extent of the move can take up to 1-3 weeks to fully realise.
Fly $DOGE flyEvery move in asset requires news. People need to justify every change in price.
This time for one of my favorite fundamentally built Dogecoin was TicTac craze.
In reality, after a loooooooong accumulation this amazing shitcoin is ready to rip. Just that. No protocol updates. No platform expenditure. Nothing. Simple supply and demand. More people use DOGE - more demand - higher the price. Plus weird "DOGE only" trading cycles.
Chart is self-explanatory. Just buy DOGE and sit on it. If you want to take profits, then use previous highs.
Dogecoin [DOGE/BTC] on July 11 (#DOGE #DOGEBTC)DOGE has pumped so much from our buyzone at 25-26sts and now it is turning back.
We can wait to buy it once it hit the 35-37sts zone. I think it will pump to at least 50sts in next days
Remember, buying at this moment is very risky and you must prepare for the bad case when DOGE still has chance to drop to 29-30sts
Failed Pump, waiting for the bulls to show themselves.Looks like the bulls ran out of steam.
A close above 52 is uber bullish and would expect a pump similar to the pumps of ole'.
Making lower lows, volume dropping off.
Either we see capitulation from the bulls and this pump is cancelled,
OR we see the bulls step back in at a discount. Watching volume very closely when price returns to 38-40 sats.