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Title: Dogecoin TA solicitation please... Post by: DieJohnny on September 16, 2014, 02:54:03 AM Can any of you chartists make some comments on Dogecoin right now.
I am not a technical trader but as I look at the chart things like the hallowed "consolidation" and "ascending triangles" come to mind. Appreciate your technical analysis, thanks! Title: Re: Dogecoin TA solicitation please... Post by: thefunkybits on September 16, 2014, 03:14:17 AM Can any of you chartists make some comments on Dogecoin right now. I am not a technical trader but as I look at the chart things like the hallowed "consolidation" and "ascending triangles" come to mind. Appreciate your technical analysis, thanks! I'm calling for a sharp drop in DOGE, I think we'll see the price bottom out between 40-55 satoshis before any exciting pumps (I'd give it 2 weeks - a month) 4 Hr. MACD is about to turn red, and bulls have run of steam IMO This baby is going down! https://i.imgur.com/Vb1g14t.png Title: Re: Dogecoin TA solicitation please... Post by: 0OI1laou1IlEuo on September 16, 2014, 03:21:57 AM Such nice doggie :) https://bitcointalk.org/index.php?topic=783280.new#new (https://bitcointalk.org/index.php?topic=783280.new#new) Title: Re: Dogecoin TA solicitation please... Post by: DieJohnny on September 16, 2014, 03:38:28 AM Can any of you chartists make some comments on Dogecoin right now. I am not a technical trader but as I look at the chart things like the hallowed "consolidation" and "ascending triangles" come to mind. Appreciate your technical analysis, thanks! I'm calling for a sharp drop in DOGE, I think we'll see the price bottom out between 40-55 satoshis before any exciting pumps (I'd give it 2 weeks - a month) 4 Hr. MACD is about to turn red, and bulls have run of steam IMO This baby is going down! https://i.imgur.com/Vb1g14t.png Ok, I somewhat agree with you, however, i look at the buy orders in cryptsy and there is a LOT of BTC waiting to buy Doge before 55 satoshi, 260 BTC by my approximation. There would need to be a huge amount of sell pressure to bust through all of that, and I don't see that happening. Maybe down to 60.... Title: Re: Dogecoin TA solicitation please... Post by: thefunkybits on September 16, 2014, 04:11:28 AM Can any of you chartists make some comments on Dogecoin right now. I am not a technical trader but as I look at the chart things like the hallowed "consolidation" and "ascending triangles" come to mind. Appreciate your technical analysis, thanks! I'm calling for a sharp drop in DOGE, I think we'll see the price bottom out between 40-55 satoshis before any exciting pumps (I'd give it 2 weeks - a month) 4 Hr. MACD is about to turn red, and bulls have run of steam IMO This baby is going down! [/img] Ok, I somewhat agree with you, however, i look at the buy orders in cryptsy and there is a LOT of BTC waiting to buy Doge before 55 satoshi, 260 BTC by my approximation. There would need to be a huge amount of sell pressure to bust through all of that, and I don't see that happening. Maybe down to 60.... You're right about that, i could see us hitting 60 within 24 Hours though... But longer term this thing should hit the 40's before turning back up (I've learned that it's best to sit back and let things bottom out before even thinking of getting back in) Never let the orderbook fool you into thinking another pump could happen...look at the charts and make your decision (for the most part) :) |
