Incoming 50% for Dogecoin ??
מעודכן
**short term analysis - Days and weeks ahead**
On the above 3 day chart price action has enjoyed a massive 320% rally over the last 2 months thanks to you know who.
A number of reasons now exist to be “short”, despite the myriad of long ideas currently on the platform.
1) Price action prints bearish divergence.
2) Price action was recently outside the Bollinger Band. We know 95% off all price action trades around the mean, which is currently 50% below.
3) Remaining on the Bollinger Band notice the slight inward curve (red arrows)? This is informing you the current extension in price action is now exhausted.
4) Lastly, support and resistance. 20 cents was resistance for multiple months. Healthy market structure would see past resistance confirm as support before the continuation of the uptrend.
Is it possible price action continues upwards and onwards? Sure.
Is it probable? No.
Ww
On the above 3 day chart price action has enjoyed a massive 320% rally over the last 2 months thanks to you know who.
A number of reasons now exist to be “short”, despite the myriad of long ideas currently on the platform.
1) Price action prints bearish divergence.
2) Price action was recently outside the Bollinger Band. We know 95% off all price action trades around the mean, which is currently 50% below.
3) Remaining on the Bollinger Band notice the slight inward curve (red arrows)? This is informing you the current extension in price action is now exhausted.
4) Lastly, support and resistance. 20 cents was resistance for multiple months. Healthy market structure would see past resistance confirm as support before the continuation of the uptrend.
Is it possible price action continues upwards and onwards? Sure.
Is it probable? No.
Ww
עסקה פעילה
Is this time different?
3 day sell signal now prints. Look left.
הערה
Upgrading the 50% correction to the full 90% correction until 5 cents.
Have you seen this 2 week chart before?
Remarkably, it is almost identical to the breakdown of the Litecoin legacy support channel.
2 week
הערה
up another 2 cents since posting.
Topping up the "short" position!!
הערה
Shorts making money!הערה
Are you ready?Seat belts fastened?הערה
Let the hammering begin!הערה
Hammered!הערה
Ready for hammer number 2? This blow will be somewhat heavier than the last, buckle up!הערה
Bulls must reclaim 40 cents before the weekly close. Otherwise it is off to 30 cents.
Bears, keep your shorts open, much more win to come.
הערה
Broken market structure confirmed.
Parachutes are optional.
הערה
Printed this chart out on A3 of the office wall to remind myself why I'm a contrarian.
The comments will amuse for years to come I'm sure.
הערה
A run to 38 cents is very probable in the near term, which will provide fresh exit liquidity.הערה
As mentioned on the last update, expect a near term run to 38 cents.
That has now occurred.
Are you now ready to provide Elon with exit liquidity?
הערה
Did you sell the 38 cents?
Or did you run in like an idiot with your exit liquidity for us whales?
If the latter, you can change this approach, just ask... don't fall for all that social media gubbins.
Get a plan. Manage risk. Act when required.
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
כתב ויתור
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