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Dogeforecast

Another good way to kill your deposit (3 part)We have already told you why you should not trade based on news about the asset and proved that the short-term trading style only seems profitable at first sight. Well, let's move on to part three of this series and discuss why not every 'hold' position in cryptocurrencies can be called an investment. You may have already heard in our previous posts or live streams that you should not rely on Altcoins fundamentals. The market capitalization of some Altcoins is so small that it makes analysis of the fundamentals of this asset meaningless. Other coins don't allow you to view their fundamental data. You can't always analyze the number of active wallets, transactions, the amount of stacking, etc. This tells us only that long-term investing in such assets is a real lottery. If you did not have enough information about an asset at the time you decided to invest in it, it means that the next time you will find in your account x10 or an amount close to zero. At best, the amount will not change. If you are good at technical analysis and can build a resistance level and even determine when that level becomes support level, then don't be too quick to apply that approach to all assets without exception. Even though the connection between Altcoin's growth and the patterns on the BTC chart is not always obvious, Altcoins are highly dependent on bitcoin. As practice shows, sometimes especially strong growth of Altcoins coincides with BTC consolidation. Strong BTC corrections of 10-20% could have happened at any time, this is an ordinary correction for Bitcoin. In that case, Altcoins could exceed this correction many times over which will break any expectations you have for the market situation and break your technical analysis patterns. That's why your trading decisions regarding low-cap Altcoins should take into account fundamental parameters if this asset allows you to do so. If you do want to try your luck and invest in Altcoins whose parameters you can't analyze, then the first advice we can give you is don't do this. The second piece of advice, if you don't take the first one, is to diversify your money in dozens or better several dozens of promising Altcoins. We hope that this series of educational posts and our stable profit figures have shown you why Pennygene prefers long-term investing and takes a conservative approach to trade.
Education
by pennygene
2
DOGECOIN AND BITCOIN | Could dogecoin go up ?Hi Guys ! On the technical side, we have a pattern which is showing some loss of momentum on the 4H timeframe so we can anticipate a continuation to the upside. Based on that keep your eyes on 15 - 1h timeframe for your buy setups before entering the market without having this setups don't get in. Don't chase the running candles. There is the move with +150% to be made (if this dogecoin chart follows the script) and the trade has a nice protentional reward. Any strong break to the downside will invalidate the setup. Day trading dogecoin can give a nice profit. We have a dogecoin discussion yesterday on a live stream. If you want watch the recordings. The Risk: As trader, it is your job to mitigate the risk and only trade structures that provide high probability and great reward to risk ratios. For analysing the chart and predicting the upcoming wave I use upgraded version of Wave Analysis. This strategy is easy to understand and it is totally without fundamentals ( It doesn't matter if Elon Musk buy dogecoin or if Elon Musk tweets about dogecoin) . However if you don't over risk and follow the plan than there is noting to lose in this crypto trading. Trade with care !
Long
by kristijanslatinsek
20
With measurable risks, it is expected to get a proper profitseeing the trade of this trendline line with the combination of the SnD area for DOGE, now there is an opportunity to Buy. Technically, Doge has not shown any indication for Bullish, the initial indication of a bull is when the price can break the red line, where the red line is the trendline as resistance There's quite a bit of speculation here, but it also offers a reward that fits more than 3x the risk With measurable risks, it is expected to get a proper and appropriate profit
BINANCE:DOGEUSD
by Hokusai_FX
DOGE prediction if bullish volume picks up from this dip... Bullish volume does need to pick up, but this is what I think. Volume has slowed down, not picked up during this dip. Indicating a possible natural price dip that people are happy with, and happy buying in to. The first major resistance took about 10 days to break. This one may take a little longer since the price went dramatically higher. Notice the 100MA indicator, and the old resistance, new support line all in the same place. We're now seeing a small bounce in the blue circle. My case for DOGE... • Smart and trendy billionaires are chatting about it. Celebrities are chatting about it. • DOGE is entertaining, unlike ALL other crypto currencies. Elon even said that "The most entertaining outcome and the most ironic outcome would be that dogecoin becomes the currency of Earth in the future." • I also believe in what Elon said. Unlike stock, crypto currencies are created out of thin air and only have value if people decide to give them value. Bitcoin has done this and got VERY popular years ago from the Bitcoin Documentary that Netflix released. When the general public found out what Bitcoin was, interest took hold. People only gave it value because it was entertainment and trendy. Now, Dogecoin is doing the same thing. Billionaires and celebrities aren't talking about Ripple, Iota, Litecoin, etc., they're talking about Dogecoin. Elon was even talking about Dogecoin this time last year. • Unlike most other coins, no one person is "getting rich" off Doge. The developer sold his position off years ago and hasn't made any money off it. Doge can truly be "the peoples coin". • Dogecoin is 6 cent. Bitcoin is almost $50k, which scares off the common person from buying it. Who doesn't have extra cash to buy a few hundred Doge? • Tweets, Reddit, Memes, all matter. They are fueling Doge like no other currency. Information like that, spreads fast. Why? BECAUSE IT'S ENTERTAINING!!!! • Last major point... when the common person who knows nothing about investing or technology asks "What"s Dodgcoin and should I buy it?" Then you know it's reaching into the deepest parts of society. I'm literally getting people from high school I haven't talked to in 10-15 years ask me about dogecoin on Facebook. Dogecoin, not bitcoin, not ripple, not ethereum, not cardano. Dogecoin. This is the way. (AND REMEMBER: All crazy ideas and new ideas start with massive negativity and pessimism from everyone, until... all those people wish they got in early when you did)
BITTREX:DOGEUSDLong
by DontmessupAAron
9
Doge ready to bullish again??continue the analysis of the past doge. At the moment, it seems that the Doge is still unable to show a reversal to bullish, but that does not mean that the Doge goes into Bearish. The doge is still in the corridor of the bullish trend as long as the doge does not fall more than validation 2 at 0.04 There is a possibility that at this time a minor correction move such as the yellow line and the Doge will continue its bullish trend again. But whatever can happen, we still have to keep the risk to a minimum, so let's invest wisely in this coin. I personally believe Doge will be able to hit the 0.4 price level for some time to come, but that doesn't mean Doge will go straight to 0.4 right? that's the importance of minimizing the risk of investing.
BINANCE:DOGEUSD
by Hokusai_FX
1
DOGEBTC still supported. Will it go higher or not?Hi everyone, this is another update on dogebtc. As per chart we can see that for time of writing we have a nice reaction from fib 50%, but i would like to point out that after almost 1000% gain, we may see a 61.8% retracment on doge before any futher upside. This information is not a recommendation to buy or sell. It is to be used for educational purposes only. "A is for my attitude working through the patience Money comes and goes so the M is for motivation Gotta stay consistent, the P is to persevere..."
Long
by Coder775
DOGE - Buy a break setup.Dogecoin - Intraday - We look to Buy a break of 0.0876 (stop at 0.0839) Daily signals are bullish. Pivot resistance is at 0.0875. A break of bespoke resistance at 0.0875, and the move higher is already underway. Trading close to the psychological 0.10 level. We look for gains to be extended today. Short term indicators have turned positive. Our profit targets will be 0.0989 and 0.1122 Resistance: 0.0835 / 0.0875 / 0.1000 Support: 0.0800 / 0.0760 / 0.0700
Long
by Signal_Centre1
DOGE/USD SCENARIOSHello fellow traders, as much as I hate this coin, there is money to be made on it. So I am currently looking at which way this price channel will break to decide a good entry point. I am clearly going for quick profit, not a long term hold given the volatility, and quite frankly the fundamentals behind the coin were made as a joke. This chart shows fibinacci levels whether to act as good TP levels or buy in levels. Also, the bearish divergence should be in consideration as well. Be patient and wait to see which way this coin will break. *In my opinion we see a pullback before another push forward, I am pretty much all in on BTC, but might throw a couple bones at this one given correct circumstances :)*
BITTREX:DOGEUSD
by KYLEKILLJOY
4 hour renkos doge to the moon. I would like to point out some key trends I've notice over dogecoin recently. First of I trade on kraken. It was very wild to see that doge has moved up so fast. I've been messing with doge since It was viable to me for two things. Consistent market making profits, and a low transaction cost way of moving currency between exchanges. XLM still works well for the lower transaction cost. Than I turn back Into what I'm really Interested In. But Kraken was moving up perfectly to break the high from the recent pump, and dump. But It ended the following rally at the exact same point of .088. Wow scary but the market recorrected ~25 percent In the next four hours. But after Doge was still In a parabolic state. In my opinion It overstayed It's welcome. Since than On kraken I'm currently looking at a beautiful four hour chart. After pushing towards a new local low at .0617330 on kraken We've seen higher lows, and higher highs. It's Important to not these are extreme velocity movements. 15 minute candles going down 10 points from .08 to .07. Yet over the past four hour periods things have changed as the velocity has dropped continuously. So what does this tell us? Well Doge Is taking In all of that recoil posing Itself for extreme movements In one direction. It's looking primed for breaking new high highs after coming down to earth to balance the technical side. This could be a beautiful rally. But this does not constitute any investment advice. Simply pointing out what I see. Let's dip Into the chart I posted on renkos of doge. Renkos are great for analyzing overall direction of markets. This Is because they are very difficult to make. Put simply whatever chart your'e using they take that integar x 14 periods default. Now If you the Average True Range over that period It has to break a certain point to make a block. Or to move down break blow a point. As you go down with Renkos In charts from say this you will see a lot more Insight Into where doge Is, and has been heeaded. Notice the four hour renkos starting to form for doge. Than pull back. Note these higher level renkos for doge are a much less frequent occurrence. So I'm keeping my eye on the market for that next step up to hopefully breakthrough 10 cents and push up hopefully to the 15 cents range. Although technically speaking the fundamentals are what's bringing our Analysis of past data out of proportion. 12 or 12.5 Is more realistic from just a technical perspective alone. It's very Important doge was able to match the pump and dump on It's own. Now I'm watching for the velocity to move one way or another. When we do push up and make our next new high high the market Is Ready for that. Compared to when we were going parabolic recently. Yolo! I'm getting started on trading view. I very much appreciate any feedback, follows, likes, and comments. I'm working to continuously prove. I truly appreciate the support I've received so far
BITTREX:DOGEUSDLong
by Cryptohustler247
4