If this CnH plays out then Dogecoin is on the road to 1.09 or the 2.16 fib "safely" being 50% of the measure move along side using the previous J Hook it produced before hand. But this must maintain the .5 Fib. If we manage to sustain the .5 Fib but fail to break above .44834 (1 Fib) then it's possible that we are in 3 waves pattern. Good luck trading!
Following what I believe is going to be the Great Melt Up/Inflation during the Presidency of Trump, The value of the DXY and the 10 year yield will come down while assets, inflation, commodities, metals will rise. Good luck to y'all traders. Everyone seems to be running from bonds too. All in due time. DXY has one more pump inside it, which in correlation should...
Despite the recent price action and most of my moves being cancelled, I'm still very bullish, but a drop to 87k is very possible. It lines up with the 200ema on the daily and there's a huge block in the same area. I feel another liquidation hunt will come.. Be ready! All part of the process
It's been quite the ride eh? lol As we near February, I expect everything to be very volatile. Dogecoin still has bullish volatility on the Weekly while developing a gnarly Bullish Pennant Pattern on the Daily. Both measurements lead Dogecoin possibly reaching 1.85. But if the Bullish Pennant doesn't hold and we break the .382 Fib.. expect pullbacks to .236. Stay...
With Trump wanting to start refilling the SPR and with what seems like the FED probably having to pivot so the US doesn't defunct, we will usher in an era of inflation by the printer coming back on and QE happening. Rates are dropping which along with it the DXY and printing.. WTI loves DXY dumps!
If this is a retest, which to me looks solid as hell.. the measure shows it reaching 1.618 on the Fib Levels for the week.
Depending on how this week closes.. 95.6 would be the perfect place for us to bounce of the weekly. Wyckoff pattern to show relevance to how this cycle should go. Will update by end of week.
Retesting channel on hourly for Dogecoin leads me to believe we are in for a pump very soon!
Just a bit of compare and contrast between the 2 cycles and oh my does BTC look like it's going to run high soon.
The only way I would change my mind on this would be a break of 76.5k. Other than that.. Enjoy the ride my fellow Apes
4hr time frame looks prime for a comeback .43! After words, could be sideways and more downturn. We shall see!
4hr close with 100.8k for Bitcoin would be ideal for it to be above the 9ma and continue going forward to 104k. If it can't there's good chance BTC will revisit 97k. Breaking the daily Rising Wedge @ 97k and hit the Bottom of Channel @ 94k, breaking further down to 86k. If it can maintain keep 100.8k we hit 101.7k, find a foothold and continue to 104.2k towards...
After an hourly Falling Wedge that drug out into a Ascending Triangle, measuring off the AT we can see a possible break out for it's Descending Wedge on the 4hr at 0.453, move to .48+ on the hourly and retrace to retest the 4hr Descending Wedge Resistance. Pop to .61 from there
Just some TA given ranges for the next price target, after retesting resistance of the Falling Wedge. Price after .41 should be .48
3 wick taps on the bottom and projecting to make the 3rd on top. Keep an eye on this one.
teehee.. sometimes you just gotta flip the chart to see a different perspective.
Going off the December 7 2020 mark and where we currently are.. I believe we are on the cusp of producing similar moves. This cycle isn't over by a long shot.
Dogecoin has gain traction and in doing so, reached an area in it's Fib levels called the Golden Pocket. With this in mind it is very possible that Dogecoin can retrace to .236 Fib Levels, but would solidify a stepping stone for it to continue forward. Future Black Swan Event? War? Who knows what'll cause it, but keep your eyes peeled! Gl;HF!