Dogecoin has transitioned from a bear market to a bull market, but more slowly than many other cryptos. However, we know how $DOGE trades when bullish, with strong moves up followed by quick pullbacks, but higher lows then higher highs.
With Small Caps now anchoring Market Phase, capital has moved to the most speculative end of the rotation, allowing altcoins to decisively outperform.
For bitcoin:native, these phases often coincide with local-top formation, followed by consolidation or a mild pullback as capital rotates outward.
This is not a breakdown or a strong reversal signal, not yet.
But the deeper capital moves into higher beta, the more dependent the entire rotation becomes on Bitcoin preserving its underlying structure.
Monthly open pivot approaching.
6/7 times, $BTC has seen a pump around the monthly open, usually because PA was bearish heading into it.
So if we dump into October, I’d expect a push higher afterwards. If we pump into it instead, I’d be far more cautious.
Seems like there's more room in this move over the coming 2-4 weeks before it's overbought and needs cool down.
PS. the recent cool off in this oscillator (late Aug to mid Sep) while price remained strong was a sign that buying demand was winning over short term profit takers.
@martypartymusic@Leytonstoneblue Regardless, I don’t believe this is the move to handle your “win” Marty. You’ve both been wrong in the last year, at different times. You’ve both been right, at different times. Co-exist.
The “Everything Is Priced In” chart.
It documents the biggest catalysts and news events throughout each cycle, and more importantly, what tends to happen shortly after them.
During every bear market, $BTC gets hit with endless bad news that fuels downside. But once the HTF trend starts shifting, that same negative news becomes what I call FUD through the bull cycle.
People become so conditioned to shorting bad news because throughout the bear cycle, negative headlines usually led to lower prices. But when BTC enters a bull cycle and begins doing the inverse, (absorbing the bad news and moving higher), they get caught completely off guard.
The headlines still create panic. People still expect lower. But instead of continuing the downtrend, BTC begins absorbing the fear and trending higher regardless.
There is usually one major catalyst that confirms the continuation. Last cycle, it was the ETF approval. This cycle, I believe it will be the Clarity Act.
We have already seen the early signs of it. The rate hike, Clarity Act speculation and then the failure of the Act were all treated as reasons for BTC to sell off further. Instead, BTC swept the lows and showed strength.
That is the difference between a bear market and a bull market. In a bear market, bad news pushes price lower. In a bull market, bad news is used to make people capitulate before price moves higher.
Now we have had the rate hike, the Clarity Act failure, and even World War 3 narratives trending. Yet BTC is starting to react positively to the fear rather than negatively.
To me, that resilience is one of the clearest signs that the trend has changed. I see no reason these catalysts should play out any differently to previous bull cycle FUD events.
Likes/RTs are appreciated, spent a while creating this.
I see the US selling with the failed Clarity Act (on Coinbase)
Meanwhile the more dominant global offshore continues accumulating (on Binance).
Bullish.
$BTC 📈
Whether the bottom is actually in or not...
...refusing to buy spot #Bitcoin around these prices, and around this time, because you're trying to time the exact bottom is just stupid if you ask me 🤷♂️
DOGE is quietly building a bull flag on the daily.
Buyer strength is increasing. Volume is waking up. Now $0.089 becomes the level to watch.
A confirmed breakout could put the next major levels in play:
🎯 $0.118
🎯 $0.155
🎯 $0.207
🎯 $0.270
Dogecoin shocked the world in 2021.
Never overlook a meme that refuses to die. 🐕
$DOGE did exactly what it needed to.
Friday's jobs print dumped it back to the $0.083 base, six flat 4H candles held it, and today one 4H candle ripped $0.0876 to $0.0952 straight back through $0.088.
Old resistance is the new line. Hold $0.088 and I think $0.095 goes next and $0.10 comes into play. Lose it and this was just a wick. #Dogecoin