DOGECOIN - Bottoming Out...

Dogecoin is quickly approaching the floor. Either this is going to be big flop or we may see it blow up like it did before.

Based on Elliott Wave theory, once we complete the C wave, we should be seeing the next bullish 5 wave impulse. We are currently in wave C, which is subdivided into 5 waves. We are currently on the 5th wave, which is also divided into 5 subwaves. We also have bullish divergence appearing, indicating that the bearish trend is going to end soon.

See lower timeframe analysis for the wave count for the 5th wave of C.
8H

For Dogecoin, best thing to do is wait for it to bottom out and then wait for the first bullish impulse, which will be our confirmation. After which we can just look for lower timeframe corrections and join in on the bullrun.

What do you guys think?