Dogecoin making itself ready for a 300% move.

2020년 1월 12일

Yes, yes, yes. It’s still a funeral in the altcoin/BTC pairs. However, as long as there’s a funeral, that would give tremendous ROI opportunities to the people that are patient and smart.

The moment the sentiment switches, the coins are already up a significant amount, so the best entry is gone.

Remember, the best money is made when you think contrary to the rest of the trading landscape. The same with being bearish on the equity markets as we speak.

But Dogecoin. Usually a signal for altcoin movements in the coming period, as the bottom always signaled a reversal on the market of altcoins.

There’s basically two zones that are good to take. You’ve got the excellent entry zone around 15/16 satoshi that has been hit a few times before.

The next best entry is the 23-25 satoshi zone in which we’re hovering around right now.

If this green zone here holds (might also be 26), a breakout to the upside could be occurring in which the upper targets are my main targets;
Target 1; 69-70 satoshi
Target 2; 90-91 satoshi (main target)
Target 3; 108-110 satoshi

Given that every bottom is signaled with a bullish divergence, I find it hard to believe that we’re going to see 15-16 satoshi back again and rather make a slightly higher low or double bottom here in the 23-26 satoshi area.

Therefore, I’m already interested.

Depending on the market movements I’d be either closing below 23 for a re-entry at 15 or we’ll be swinging it up.