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DOGEBEAR2021USD trade ideas

DOGE - Brief Warning Please refer to our previous post. After calling the rising wedge pattern DOGE did breakdown. Now price has rebounded and we are currently testing our green line again. However, at the current point in time we cannot confirm that that liquidation hunt was the bottom. There are a few warning signs that have developed that are crucial to watch over the next few days. I hate to be the bearer of potential bad news, but the data could suggest one more major move down. Here's why: -12H RSI under median: If strength gets rejected here it would be old support acting as new resistance -Price action below Rising Wedge pattern: This price action retest could also represent old support being flipped into new resistance to complete the move to the downside. -Price trading below 21D MA: Could also be an example of old support being flipped into new resistance All of these bearish signals can be negated if we see closes above that levels in the next 24-48 hours, but for now be very cautious of these things.
COINBASE:DOGEUSD
by VIAQUANT
3
In depth #Dogecoin price movement basing on previous history (2)Dogecoin's Post-Bitcoin Halving Trend: A December-January Surge This is the update to my BINANCE:DOGEUSD analysis from 2nd December 2024 Dogecoin's price movements have always intrigued traders and investors alike. Upon analyzing historical data,I have uncovered a fascinating and repetitive pattern: Dogecoin tends to experience significant price increases in December of the same year as a Bitcoin halving and January of the following year. Key Observations Bitcoin Halving Events: These occur approximately every four years and historically impact the entire cryptocurrency market by reducing Bitcoin’s mining rewards, creating supply scarcity. Halving years: 2016, 2020, and the upcoming 2024. Conclusion: The 2024 Bitcoin halving, which occurred in April, sets the stage for potential bullish activity in Dogecoin during December 2024 and January 2025. Traders and investors should monitor Dogecoin’s performance closely during this period for opportunities. Trading Tips: Track Dogecoin price trends and market sentiment in the weeks leading up to December. Watch for volume spikes and social media activity, which often signal Dogecoin rallies. Combine historical data with technical indicators to make informed decisions.
BINANCE:DOGEUSDLong
by Adilforgood
DOGE - Another Picture Perfect Prediction (LTF)Wanted to take one more look at the DOGE prediction on the lowertimeframe (12H) that we made exactly one week ago. After seeing price breakdown from the rising wedge pattern, price quickly rose to retest our green trendline. This green trendline acted as a level of support all the way to the upside and once old support is broken, it is usually flipped into a new level of resistance. We warned a week ago this was likely turning into a new level of resistance around $0.416, but we need to watch the 12H RSI to confirm this was the case. Where we said "Watch for a rejection" was because the 12H RSI was fighting the median line (50). When strength is above the 50 it has bullish momentum, when strength is below the 50 it has more bearish momentum. Therefore, once the RSI did get rejected below that 50 level, the bears took over, flipped that trendline into new resistance, and pushed price into our "downside target" measured move box of support.
COINBASE:DOGEUSD
by VIAQUANT
DOGE - Another Picture Perfect Prediction (HTF)Just wanted to revisit our prediction from Dec 8th so that traders can continue to improve and understand how to read charts. When I made this post most people were still extremely bullish and expecting a bull flag to propel Dogecoin to the upside. We were in the same camp until we started to identify some warning signs for on the daily time frame. I am here to reexplain those concerns and to show why price has dropped the way it has. Here is that previous prediction: First, we identified there could be a rising wedge forming (which is generally a bearish pattern) and usually sees a break to the downside. The second main concern was our daily RSI. On our daily RSI strength was starting to fail at overbought conditions showing that buying pressure was slowing down. (red circle with message "very important to watch") This signaled the third main concern. Although price was continuing to rise, strength was slowing which lead to a bearish divergence being created. From our post we made around $0.45 giving this warning, price has already dropped 25% and our RSI has dropped 44%. Now price is nearing completion of it's measured move dump. This does not mean price cannot drop further, but the technical measured move of the rising wedge target was between $0.32-$0.34. Therefore, if we start seeing buyers step in at this range we should see the dump completed and a new leg to the upside start. Absolute worst case scenario at the current moment would be one final capitulation to $0.22-$0.23, but that is the less likely outcome.
COINBASE:DOGEUSD
by VIAQUANT
DOGE - Only Other Coin I own - Give Me a Reason?So someone asked about DOGE and ironically it is the only other coin I own right now other than Bitcoin. I like DOGE for one reason, and one reason only. Elon Musk has supported DOGE so I give it a slim possibility of making it to the next level. As for other alts, NOPE!!! Eventually zero is the answer, at least for most. Technically DOGE has broken out of resistance and is consolidating nicely. I posted a long at 16-17 cents and that is doing nicely here and with the current consolidation there is no reason not to stay long. Major support is found at 20 but as long as we remain above 35. Let us take a look at the larger picture. If I have said it once, I have said it a thousand times, history repeats which is why we see the same patterns over and over in the markets. Of course I have also said "history repeats until it doesn't" also but let's not focus on that. Had a long broad consolidation between rallies and it appears we are getting the same sort of setup. I believe once we take out the high we make a strong move higher and we are getting closer than most think. You want to be positioned before the move here and this is the reason I will probably be adding to that position in the near term. This is a coin I still think has potential for a 10 bagger. I do not think $4.00 is out of range for DOGE which is why I am buying more. IMHO I believe this is going to be the last hurray for alt coins and there will be few survivors. Bitcoin and likely a couple others but this will play out in the charts. There is absolutely no reason to own 100 alt coins, none!!! If so give me a reason? Target with DOGE $4.00 and I don't need another home ;)
COINBASE:DOGEUSDLong
by goldbug1
16
$DOGE isn't ready yet?Looking at the previous bull run with CRYPTOCAP:DOGE , we should correct to 50% from here. Then the correction is also completely complete for the bull run. I think 50% is also the maximum for the correction. But in these crazy times, I wouldn't be surprised if we made some deeper corrections. For now I expect a slightly deeper correction, but once it is complete we can only go up from there. I secretly hoped for a CRYPTOCAP:DOGE Christmas, but I'm afraid we'll have to test our patience for a while. Be kind to the world and each other!
BINANCE:DOGEUSDShort
by RidgerR
$DOGE has gone deepCRYPTOCAP:DOGE is experiencing a major correction and as a fairly large coin with a large following, it has brought a lot of stress with it. For now the correction has gone well, slightly deeper than I initially thought. But when I look at the repeat of 2020/21, it matches just fine. This would mean that we can expect a good run with CRYPTOCAP:DOGE and that there is still a lot of potential here. It is currently well below its trend and we first have to see whether it can catch up more than the other currencies. I have a lot of hope for CRYPTOCAP:DOGE and hope that it won't break my confidence and that we can make good progress. But for now we'll keep an eye on it and we have to get back into the trend. Be kind to the world and each other!
BINANCE:DOGEUSDLong
by RidgerR
$DOGEHello Shibs, hope you still HODL Dogecoin. Thi the accumulation part, market correcting itself for another run. Bitcoin also down today, keep that in mind. A crucial support level I’m looking at is .35 to close above in the daily. If that breaks buckle up, and HODL. Dogecoin was recently attacked, and hacked. “Exploited a vulnerability called “DogeReaper” crashing 69% of nodes. A fix was quickly deployed, and network’s functionality was not severely impacted.” Which makes me to believe a lot of people are panic selling. How could you sell DOGE? It’s literally the Department of Goverment Effeciency!! Anyways, don’t panic sell. DOGE TO DA MOON!
COINBASE:DOGEUSD
by forstockzonly
2