I am now a buyer of doge/usd between now and $0.45. Below that and things start getting shaky. My stop will be $0.33. As you can see on the chart, it nailed the last low, which on the Elliott count says this wave is valid until my stop. The RSI on the 30 min also states we are getting overextended on the sell side, which means we have a higher probability of reversal. The volume RSI is also showing that the door for another pump is open.
I'm planning on taking at LEAST 50% gains from this. Just have to be patient and wait incase we experience MAE (max adverse excursion) until the profits present themselves. Then I will move my stop up as we go to avoid green-to-red.
- NoScopeDaddy
I’ll give them a profit they can’t refuse.
--The Godfather, Probably.
Feel free to also checkout my blog where I post free trade ideas, and education, more often than on here - thebitfather.wordpress.com
I'm planning on taking at LEAST 50% gains from this. Just have to be patient and wait incase we experience MAE (max adverse excursion) until the profits present themselves. Then I will move my stop up as we go to avoid green-to-red.
- NoScopeDaddy
I’ll give them a profit they can’t refuse.
--The Godfather, Probably.
Feel free to also checkout my blog where I post free trade ideas, and education, more often than on here - thebitfather.wordpress.com
Comment:
Forgot to add - you can see the fib zone we are in, and I prefer for it to hit at least one fib of 38.2% or lower. I am half in position now.
Comment:
Another add-on - I am fully self-aware that I am not the best with calling exact timing. Such as I think this will occur within the next few days, but it could be 1-4 weeks out. It all depends on when the algos decide to pump it again.