We're at a super crucial point within the Bitcoin market where we are in a strong resistance zone. This should be turning point or we are within $1000 of the top due to the rising wedge we are in. It's possible to short here but I don't think the drop will happen immediately. We are going to consolidate upwards in this wedge in my opinion. Let's take it day by...
I’m pretty sure this is what we are going to see play out for today and tomorrow until structure is broken and goes it’s chosen direction. I like to use trend angles to identify where the buying might begin within the range. They are pretty accurate for consolidation.
What is happening here you might ask? Enormous amounts of money have been rumored to be put into crypto advertisements for the Super Bowl. In my opinion, this is going to end badly after or during the day of the Super Bowl. A lot of the time, markets will be bought into when huge news is going mainstream, then sell off when the news actually happens. We...
I can honestly see one more tremendous drop for Dogecoin before crypto goes up significantly. This would also put Bitcoin right around its support area with its drop as well which would be around 25k-30k.
Head and shoulders just formed along with a failed retest of the previous diagonal trend line. I’d have to estimate that BTC is going to continue its downward momentum a bit further. NOTE: We are currently (if you zoom out) in a sideways symmetrical triangle.
I spotted a double pattern here that could indicate a temporary drop soon on Bitcoin.
Bitcoin is not going down to ridiculous low levels. At most maybe 25K but I highly doubt it. There are a lot of people who are noobs in this space that are spreading FUD. I'm not saying the market will follow my exact arrows but have an open mind. Too many people are so bearish off YouTube and other social media misinformation right now it's making people closed...
Dogecoin may just turn around at the 0.50 and move to the top of resistance which is approximately $0.18. Mr. Beast will also potentially accepting it for currency as well which will be phenomenal for the price when people start buying merch with it.
Market movers are going to need to take this down a bit to force retail to sell to them in order to proceed with the next retrace up.
We all know this downwards wedge pattern too well. And Amp is cheaper than it has been in months, perfect opportunity for whales to get in a great position to ride this thing to .10-.20
Now that the news has happened and we've seen a decent selloff, I am assuming Dogecoin will be going down from this point. I'm expecting as low as $0.1250 before reversing.
$0.14 marks the spot of a major trend line and the selling pressure is getting weaker through the days.
This was a clean break out of the downward wedge and just as it made its second leg up BOOOOM, market makers formed a double top and gained better short positions. I look to around 35K for short term targets.
Bitcoin is continuing its path down. I honestly think it will go to mid 20K before turning around. It’s very very possible. It would complete a megaphone pattern on the weekly that I’ve been anticipating for a while now.
Dogecoin is going to take a poop soon! You know it, I know it, we all know it.
Anytime you get a rejection candle that’s only slightly higher than the previous resistance, there’s a high chance of reversal. Down is the direction.
Megaphone pattern forming! This will find support around the 20K - 25K price area. It’s literally written right in front of our faces. Trade safe!!!!
There is no doubt in my mind that Dogecoin has the potential to go well above $1 due to its massive following amongst followers of the coin as well as Elon Musk supporting it. One reason I think Dogecoin will go down to around $0.10 is because of its previous support level. Usually price will test major support levels before extending to new price...