After a significant market cycle, where predictions had the first crypto dog on the moon, we had a predictable fib retracement and consolidation. This would appear to be the perfect entry zone, as I don't see any downside whatsoever. You may have to wait a while, but everyone's favorite dog is climbing back into the rocket. Triangles have already converged, and DOGEBTC is tightening in the short term.
Nota
Nothing has fundamentally changed here. DOGE actually rode out the flash crash better than most alts. T/A analysis goes out the window when major events such as the GDAX b/s occurs.Nota
Posted this on another coin, but same applies. "Wow...market is in turmoil obviously. Remember, Fomo/Fud, then Fundamentals, then T/A in that order. Major FUD happening, likely due to ETH problems last week. I can tell you I believe in this market longer term, and believe it's only the beginning. If you're not over-exposed on margin longs....relax...take a walk, and buy some low points."
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.