#bitcoin #ethereum #doge Today, we observe that the candle for ETH and Doge is quite good. However, Bitcoin is still quietly choosing its own path. I explained in the previous article that Bitcoin has not yet reached the 0.5 ratio on the bullish Fibonacci chart that I outlined. Meanwhile, Doge and ETH have reached the price level at this ratio. Therefore, this week, the price of Bitcoin may continue to drop a little. On the other hand, ETH and Doge may rise again. Notably, all three coins I mentioned earlier, when the market bounced, all faced resistance and were rejected, then went down. This is quite normal. Thus, if ETH and Doge want to rise, they will need very strong buying power. If not, we will witness a fierce battle between the bulls and the bears. Based on the daily candle, along with the fact that these two coins have reached the 0.5 ratio, I believe the bulls will prevail. We should consider making a Buy decision right now. A stop-loss below the 0.5 ratio should be considered. As for Bitcoin, I really do not have faith in its recovery. Let's look at the weekly candle; the daily candle is quite bad. I will wait and see. In summary, I think ETH and Doge will rise again but not strongly. Meanwhile, Bitcoin will continue to decrease. Note: this is just a personal opinion; I am not an expert.
This morning, everything is moving up. The chart looks quite nice.
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Bullish
#Dogecoin I have assessed that the market will decline, but honestly, I do not want it to drop dead like this. My condolences to everyone.
Well, in misfortune, there is fortune. The optimistic signals are still uncertain, but observing the chart, I noticed some quite noteworthy issues. Both $BTC , $ETH , and my beloved Doge have hit the important threshold of my Fibonacci chart.
What’s noteworthy is that while ETH and Doge hit the 0.5 ratio, Bitcoin has only just reached the upper threshold. Wow!!! Should we consider buying at this moment? It is entirely possible that Bitcoin could continue down to the 0.5 ratio. At that point, the worst will happen; the entire market, not just ETH and Doge, will flow down the waterfall.
However, if we miss the current moment to enter, it really shouldn’t be the case, as that could make us miss the train if it manages to swim against the red waterfall upwards. So if we buy now, we need to allocate capital according to each price threshold based on the Fibonacci ratio above. The next important thing is to observe the signs from the Bulls.
That is my assessment of Bitcoin, ETH, and Doge. I have not researched other coins. Note: I am not an expert. All assessments are personal opinions.#bít coin☀️
#Dogecoin I have assessed that the market will decline, but honestly, I do not want it to drop dead like this. My condolences to everyone.
Well, in misfortune, there is fortune. The optimistic signals are still uncertain, but observing the chart, I noticed some quite noteworthy issues. Both $BTC , $ETH , and my beloved Doge have hit the important threshold of my Fibonacci chart.
What’s noteworthy is that while ETH and Doge hit the 0.5 ratio, Bitcoin has only just reached the upper threshold. Wow!!! Should we consider buying at this moment? It is entirely possible that Bitcoin could continue down to the 0.5 ratio. At that point, the worst will happen; the entire market, not just ETH and Doge, will flow down the waterfall.
However, if we miss the current moment to enter, it really shouldn’t be the case, as that could make us miss the train if it manages to swim against the red waterfall upwards. So if we buy now, we need to allocate capital according to each price threshold based on the Fibonacci ratio above. The next important thing is to observe the signs from the Bulls.
That is my assessment of Bitcoin, ETH, and Doge. I have not researched other coins. Note: I am not an expert. All assessments are personal opinions.#bít coin☀️
#Downtrend As I mentioned in the previous post, if Bitcoin breaks below the lower trendline, we may witness a strong price drop. The unwanted has almost occurred. $BTC has currently broken downwards. I think it's time to open a short position. Consider a stop-loss to preserve capital. $BTC
#bitcoin☀️ The moment when $BTC touches the lower trendline has arrived. In the previous post, I expressed my perspective on the market. If it bounces back, there will at least be a new price increase, and we hope to see a recovery level of around 107k or higher. On the other hand, if $BTC continues to plunge, we will witness thousands of billions of USDT disappearing. In the case of a Bitcoin decline, I think it will take a few weeks to recover. At that time, I predict the price will drop below 90k, and worse, it could be just above 80k. The chart I drew below can be used as a reference for the price. Note, this is just a personal opinion, I am not an expert.
#etherreum #bitcoin☀️ Many people are pessimistic that a downtrend is coming. However, I think this is a great opportunity.
This morning, I tried to switch to chart $BTC and $ETH , my observation shows that these top 2 coins have not yet fallen below the lower support line. Both are approaching an important threshold. If it breaks down, then perhaps the thought of a downtrend should be considered. If it hits the trendline and goes up, we should Buy immediately.
What we, the wise ones, should do right now is wait. Please do not rush at this moment.
#Dogecoin Currently, the situation of $DOGE is quite dangerous. I think it will continue to decline. The downtrend is forming quite clearly, and I have not seen any strong enough moves from the buyers to lift up this cute 'dog'. If this trend continues, the possibility of $DOGE returning to the 0.2xx range is within reach. However, who knows, in a few days, optimistic signals may appear. In this market, no one knows what will happen. We can only observe the market and wait for new signals to help us reduce risks.
#Dogecoin $DOGE if this week’s candle closes like this, it is clearly very bad. In my opinion, we should not Long at this moment. The only positive thing we currently have is $BTC is on the rise. But that does not mean Doge will rise sharply.
If it goes down this week, it will go up again next week.
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Bearish
#Dogecoin $DOGE hit the trendline and went down. At the same time, it also reached the 50% mark of the downtrend. What will happen next? I still lean towards the downtrend at this moment. I hope this time I'm wrong!!!
#Dogecoin $DOGE hit the trendline and went down. At the same time, it also reached the 50% mark of the downtrend. What will happen next? I still lean towards the downtrend at this moment. I hope this time I'm wrong!!!
#Dogecoin Brothers, be careful entering the market again, make sure to set your stop-loss properly. Currently, the market seems to be recovering. But I don't think it's the right time to buy in. Why? Because usually there will be a pullback to the trendline and then a dump. That's also why we should wait.
I still hold the view that in the coming days, there will still be turbulence in the market. $DOGE
So I either give a reason or blame someone. Before I enter a trade or cut a trade, I analyze first. Winning or losing is my own responsibility.
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Bearish
#bitcoin☀️ #Dogecoin Sharing the sadness with many friends. I myself have also lost 2/3 of my accounts, profits have gone back to zero, both my FT and Spot have hit stoploss. This is the third time I am back at the starting line. Now I have to start over. But luckily, I still have preserved my capital. That's why I always advise everyone to set stoploss before going to bed. In the near future, I expect continued turbulence. As for $DOGE , it has escaped the lower trendline. Haizz. I think it might decrease further. I only study $DOGE , so I only write about it. I am just sharing my personal opinion; if anyone doesn't like it, feel free to ignore.