DOGEBTC trade ideas
The joke is overI have been trading DOGE for several years now. Selling off on pumps but I believe the joke may be over. DOGE has always beat the odds so I could be putting my foot in my mouth. Most likely its about time to take it off my watchlist.
It is not a good performing coin. The history vs BTC has the evidence.
The green dotted trend line is its lifecycle lows. As you can see it crosses zero, not good for long term. What is really disappointing is this pump is really weak compared to the previous pumps. Last 5 out of 6 pumps over 100 CCI have turned into corrections. It could bounce like in mid 2017 but I won’t bet my money on it. Not with much better projects in the space.
DOGEBTC AnalysisIf the candles are below the 32 Satoshi (1 BTC = 100 Million Satoshi) you can think about buying.
When the candles are comes at the 64 Satoshi, you can consider selling & when it's at the 78 Satoshi, you NEED to sell it!
Also, there are BUY 2, MOON, Super Buy signals given by EngineeringRobo so you can buy right now.
DOGE/BTC - time to get back in - falling wedge & strong supportDOGE/BTC is currently in a month-long falling wedge and very close to the tip of the pattern which is usually the best time to buy before a breakout.
We can also see it test the previous downtrend resistance which ranges all the way back to May 2019 and now acts as support, you can get a better view of it in Guapeva's analysis which you can find here:
The 25-29 sats range has been a zone of very strong support in the past and combined with the symmetrical triangle on the USDT pair that is showing signs of a slow breakout this leads me to believe that we'll see a proper breakout soon.
Here's my DOGE/USDT analysis which shows the symmetrical triangle:
Hello MEGAGENTE.! I published this pair recently but the trade wHello MEGAGENTE.! I published this pair recently but the trade went against us, the price is falling and it went to break the MA100, luckily apparently it is using it for support around the 29 satoshis, let's hope it stays that way and bounces to Up to look for our point of sale in the 38 satoshis, and do not continue going down to look for that floor of the channel already named in the previous idea that is in the 25satoshis ... Success for everyone.!
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.!