Dogecoin

Doge coin now introduced into the TOSOPTION algorithm

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The price of crypto coins is mooning and I have decided to apply the TOSOPTION algorithms to a few popular names such as Doge, ETH and many more. The algorithm does a great job in identifying asymmetric moves and short term pull backs and potential crashes; however, the algorithm does not do a great job in identifying Max target to the penny - i don't think algorithms can do such things. Regardless, one way to identify MAX target is to use a Fibonacci extension. Based on the current status of the algorithm, it continues to maintain a LONG position and it is a matter of time and price to decide when to close partial of full position. Keep in mind, markets move in cycles and retracements can develop up to 50% of the initial move. If 50% retracement can happen, then risk managing profits into strength and psychological targets is good practice similar to brushing your teeth every morning and night.

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.