Incoming 50% for Dogecoin ??

25 nov

**short term analysis - Days and weeks ahead**

On the above 3 day chart price action has enjoyed a massive 320% rally over the last 2 months thanks to you know who.

A number of reasons now exist to be “short”, despite the myriad of long ideas currently on the platform.

1) Price action prints bearish divergence.

2) Price action was recently outside the Bollinger Band. We know 95% off all price action trades around the mean, which is currently 50% below.

3) Remaining on the Bollinger Band notice the slight inward curve (red arrows)? This is informing you the current extension in price action is now exhausted.

4) Lastly, support and resistance. 20 cents was resistance for multiple months. Healthy market structure would see past resistance confirm as support before the continuation of the uptrend.

Is it possible price action continues upwards and onwards? Sure.
Is it probable? No.

Ww

26 nov

Operación activa

Is this time different?
3 day sell signal now prints. Look left.

27 nov

Nota

Upgrading the 50% correction to the full 90% correction until 5 cents.

Have you seen this 2 week chart before?
Remarkably, it is almost identical to the breakdown of the Litecoin legacy support channel.

2 week

29 nov

Nota

up another 2 cents since posting.
Topping up the "short" position!!

2 dic

Nota

Shorts making money!

4 dic

Nota

Are you ready?Seat belts fastened?

9 dic

Nota

Let the hammering begin!

9 dic

Nota

Hammered!

12 dic

Nota

Ready for hammer number 2? This blow will be somewhat heavier than the last, buckle up!

14 dic

Nota

Bulls must reclaim 40 cents before the weekly close. Otherwise it is off to 30 cents.

Bears, keep your shorts open, much more win to come.

18 dic

Nota

Broken market structure confirmed.
Parachutes are optional.

hace 7 días

Nota

Printed this chart out on A3 of the office wall to remind myself why I'm a contrarian.

The comments will amuse for years to come I'm sure.