DOGE is a coin has an absurd discrepancy in the list of people who own that coin. This makes this coin easily manipulated by bear / bull trap. In the last interview with Elon Musk on Cryptocurrencies, he mentioned that he, Tesla and SpaceX have a huge amount of Dogecoin, BTC and ETH. There is a great possibility that Elon Musk will enable purchases on Telsa...
Using the test and retest pattern for the $41k resistance line, there is a high possibility that the BTC will have a stretch of approximately 8% (to the next Fibonacci and Resistance line) on August 1st at 10 pm German time. As I've shown in my posts, every time the BTC chart touches the dotted uptrend line, there's an absurd increase right thereafter and this...
Whereas every time the BTC hit the dotted uptrend line, it rose incredibly in the following hours. There is a possibility that BTC will easily break the $41k resistance in the next few hours. End of month coming: high volume expected
Considering that BTC is the cryptocurrency with the most market cap and it guides all other currencies, it is necessary to observe the BTC value to define DOGE. ONLY IF Bitcoin continues to rise, these are the possibilities for the next few weeks.
When using Fibonacci retracement, these are the results.
Considering that BTC is the cryptocurrency with the most market cap and it guides all other currencies, it is necessary to observe the BTC value to define DOGE. ONLY IF Bitcoin continues to rise, these are the possibilities for the next few weeks.
A situation like this is unfortunately unlikely. However I would like to register this idea that I had in case someone has something to comment. The main idea above is that every 2 or 3 days (when there is a resistance) BTC jump to the next Fibonacci retracement channel. The time span between the bullish stretches of these last 9 days is happening around 2 days...
Using Fibonacci retracement. There is a possibility of QNT going up 90% by the 9th of August, AS LONG AS bitcoin lateralizes or continues to grow
Result obtained using downtrend and uptrend channel; breakout with re-test; Fibonacci retracement
Analyzing BTC using Fibonacci retracement, uptrend channel and 4-year BTC cycle ending in December
After BTC hit $41k, BTC entered a downtrend channel . There is still a good chance that Support 1 or Support 2 will cause the BTC value to grow again and cancel this downtrend in the next few days. If that happens, BTC will try for the second time to break through the $41k resistance
SECOND POSSIBILITY I just want to document the possibility of the CYPHER pattern. I'm considering the $41k resistance and that during a bullish trend, the BTC value takes a long time to rise and falls quickly.
I just want to document the possibility of the CYPHER pattern. I'm considering the $41k resistance and that during a bullish trend, the BTC value takes time to grow and only
Just following the bullish pattern... calm down Blue line = uptrend line Probably BTC drops again as soon as it hits resistance close to 41k dollars
RESISTANCE = In the graph above I consider 3 important lines: - The 50% gray channel line (marked with red dotted lines in the graph) - The 0.5 Fibonacci Retracement line with the base marked at the beginning of the high in December 2020 (marked with red dotted lines on the chart) - At this 5-day high, I create a Fibonacci Retracement and the last line is marked...
Using fibonacci retraction. First scheduled high for $0.28. It's time to buy our ticket :)
RESISTANCE = In the graph above I consider 3 important lines: - The 50% gray channel line (marked with red dotted lines in the graph) - The 0.5 Fibonacci Retracement line with the base marked at the beginning of the high in December 2020 (marked with red dotted lines on the chart) - At this 5-day high, I create a Fibonacci Retracement and the last line is marked...
RESISTANCE = In the graph above I consider 3 important lines: - The 50% gray channel line (marked with red dotted lines in the graph) - The 0.5 Fibonacci Retracement line with the base marked at the beginning of the high in December 2020 (marked with red dotted lines on the chart) - At this 5-day high, I create a Fibonacci Retracement and the last line is marked...