Wriggleys

DOGE-BTC Update: Hype is over?

POLONIEX:DOGEBTC   Dogecoin / Bitcoin
5
The last big increase up to the maximum of 22-May-2017 seems to be over. The price now seems to settle in the same manner like in the other major increases that occurred in 09-2014 and 01-2016. If one looks at the overall doge-btc chart with 1Day candlesticks it can be observed that the increase periods with the following "crash" have a distinct shape. If I extrapolate this distinct shape, I get the red steadily decreasing trendline. Of course the major highs of 2014 and 2016 as well as 2015 may work as support.

Of course, this is only my opinion.
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