calisailor209

Dogecoin - Repeating Past Behavior

Long
BITTREX:DOGEUSD   Dogecoin
From what we see, DOGE has a repeating pattern in that we have 3 basic trends in common. 1st, we seen an unpredictable spike of over 200% per cycle. Each spike being between 200% to 1,000%. 2nd, there is a price drop of ~50% with a short term recovery of 25%. 3rd, after steps 1 & 2, DOGE enters an accumulation period of about 30 to 70 days before seeing its next spike!

Why is this beneficial? One, this allows investors to cost average and continue to put money in over a stable period without fearing FOMO. Two, we can predict that large spikes (100% of the time as of right now) do not drop below previous valuations. This means that even if it takes 100 trading periods to cross into a new (ATH) all time high, we can confidently assume that a new ATH of at least 200% will be reach.
Haftungsausschluss

Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.