Dogecoin's peak at @ $0.088 on Jan 29th and retracement over the past four days resembles Bitcoin's rapid decline following it's December 2017 peak. The difference... BTC's slump extended over the course of a year
Blue line = BTC daily price pattern (Dec 2017 - Dec 2018)
Candlesticks = Dogecoin 60 minute intervals
If Dogecoin follows through with the BTC price pattern shown in blue, which occurred over a year between Dec 2017 - Dec 2018, that would suggest a DOGE bottom at ~$0.016 in the near term and a target in the low-to-mid 5 cent range. These are guideposts, and expect buyers to protect the $0.02 range. Initiated a small Doge position on Saturday, with additional limit orders set.
* I am not a financial advisor, or crypto expert, and this should be used for informational/educational purposes only.
2.1.2021 9:21pm EST
Blue line = BTC daily price pattern (Dec 2017 - Dec 2018)
Candlesticks = Dogecoin 60 minute intervals
If Dogecoin follows through with the BTC price pattern shown in blue, which occurred over a year between Dec 2017 - Dec 2018, that would suggest a DOGE bottom at ~$0.016 in the near term and a target in the low-to-mid 5 cent range. These are guideposts, and expect buyers to protect the $0.02 range. Initiated a small Doge position on Saturday, with additional limit orders set.
* I am not a financial advisor, or crypto expert, and this should be used for informational/educational purposes only.
2.1.2021 9:21pm EST