Rapid Fire Charts: $DOGE
Let’s zoom way out and look at $DOGE through an Elliott Wave lens going all the way back to 2014.
My count has us deep in Major Wave 4, waiting for the final Major Wave 5.
This is not me predicting that DOGE suddenly goes vertical tomorrow. It is simply what the long term chart structure is suggesting. And if this count plays out, the upside could be massive.
On my logarithmic chart, a full Wave 5 move could potentially take Dogecoin above $5.
And in crypto, Wave 5 has often been the most explosive part of the cycle. That is where euphoria, FOMO and speculation can really take over.
If Major Wave 4 is truly nearing completion, the next chapter for $DOGE could be the wildest one yet.
Bullish.
🐕
$BTC is now approaching its $92,000-$94,000 resistance zone.
Since November, Bitcoin has been unable to reclaim this zone.
If that happens, a rally towards the $100,000 level could happen really quickly.
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I am betting my money on the fact that this is a mere deep correction in Crypto and not the end of it.
All dooms day scenario are wrong. All deep dips on Bitcoin are for buying.
#BTC
History suggests Bitcoin will likely breakdown from this 2024 resistance/2025 support in 2026
Thus, breaking down from this level this year would be premature by standards of history
This offers BTC a chance to still rebound from here this year
$BTC #Crypto#Bitcoin
#BTC
Bear Markets confirm when the bullish structures that supported continued bullish momentum start to fail
There's a high probability the Weekly Candle Closes below the 50-week EMA and so the price reaction that follows over the next couple of weeks or so will be macro trend-defining
The question at this point is - can BTC produce enough upside in the coming weeks to invalidate this Weekly Close below the 50 EMA and reclaim the EMA as support?
$BTC #Crypto #Bitcoin
We still have a parabolic move ahead.
It's my goal to be all in when this happens.
When? Not yet.
I will post some scenarios in my trading group next week.