blade87
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September 29, 2014, 03:46:32 PM |
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Some real Technical analysis on Doge please.... anyone...
Lots of resistance to 120. Lots of support down to 85. No epic dump has yet to occur, and the DOGE price action from 75 to 117 back down to 100 puts it above 50% Fibonacci suggesting more upside. Flattening out as well but with also slight uptrend (maybe 1-2 sat per day) also suggests more upside. It's still well above the minimum uptrend, and can stay here for another few days before the minimum uptrend crosses 100 satoshi, suggesting it could be over. And this coincides to block halving. DOGE has always been dumped around halving, but this time around it doesn't seem like halving played much into the price rise. And finally, we don't know what the whales are doing. For all we know they could be setting up the market to dump into. The higher this goes, the less DOGE I own. So far I've done well selling near the peaks, and waiting for the stable periods before deciding to buy back in if they look good. 100+ satoshi is a tough call. It could either be very expensive, or very cheap in 1-2 week's time. It's a gamble. TA sort of goes out the window in the manipulated alt market.
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Foerster
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September 29, 2014, 03:48:47 PM Last edit: September 29, 2014, 06:15:52 PM by Foerster |
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Some real Technical analysis on Doge please.... anyone...
Doge is in an (possible exponential) ascending trend channel. The 117 Satoshi high from last Thursday was a natural 38.2% Fibonacci resistance. Indicators such as RSI, MACD, Stochastic etc. all are strongly confirming the trend. But I guess most here already knew that there is an upward trend. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) The chart could not look much better in the current situation. However interpreting indicators is not easy and especially in (Crypto-)currencies, trends are oftentimes very strong until they break big time. Drops into the 70's could seriously question the whole upward move. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fdl.dropboxusercontent.com%2Fu%2F73829561%2Fdogeta.png&t=665&c=E5zdb0EknzrG2w)
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brookefinancial
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September 29, 2014, 06:23:33 PM |
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^^^ Some real Technical analysis on Doge please.... anyone...
Ouch, those analysis are going to give you a headache. If you are worrying about your position I can tell you that you are fine, the recent price activity in the last 2 days stopped the drop and now the recent momentum/moving averages are giving a little push to the price. Like some people mentionned, of course a drop to 70-80 satoshis would affect the ride...but you will probably realize it at that point when youre down 20-30% lol. Looks like we're in for another ride this week, you can reevaluate your position 150 satoshis, good trading week P.s.: My TA guru send me an email last night to watch the price of DOGE again because of bullish activity on the charts.
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3D Printing and Bitcoin, that's pretty cool.
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DieJohnny
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September 30, 2014, 10:44:28 AM |
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^^^ Some real Technical analysis on Doge please.... anyone...
Ouch, those analysis are going to give you a headache. If you are worrying about your position I can tell you that you are fine, the recent price activity in the last 2 days stopped the drop and now the recent momentum/moving averages are giving a little push to the price. Like some people mentionned, of course a drop to 70-80 satoshis would affect the ride...but you will probably realize it at that point when youre down 20-30% lol. Looks like we're in for another ride this week, you can reevaluate your position 150 satoshis, good trading week P.s.: My TA guru send me an email last night to watch the price of DOGE again because of bullish activity on the charts. Shiiiiiiiiiiiitttttttttttt i hate crypto
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Those who hold and those who are without property have ever formed distinct interests in society
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vinipoars
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September 30, 2014, 12:07:09 PM |
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Another day of great stability.
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naaktslak
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September 30, 2014, 05:40:37 PM |
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The last time when doge halved the price went down, will it this time be different? 2 days to go
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Spink
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September 30, 2014, 06:02:32 PM |
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The last time when doge halved the price went down, will it this time be different? 2 days to go
Sorry, what date of halving you talk about? Price went down right at halving only once - 14 february. But after it doge had 3 more halvings, and nothing was happened. As we went down before halving, so we still went down after. But right now we have uptrend for a month, so don't you think affect to price will be different?
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Vlad2Vlad
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www.ixcoin.net
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September 30, 2014, 06:08:27 PM |
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The last time when doge halved the price went down, will it this time be different? 2 days to go
Big difference this time as the subsidy (inflation) isn't just halving but getting cut by a massive amount.
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iXcoin - Welcome to the F U T U R E!
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brookefinancial
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September 30, 2014, 07:26:09 PM |
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The last time when doge halved the price went down, will it this time be different? 2 days to go
Sorry, what date of halving you talk about? Price went down right at halving only once - 14 february. But after it doge had 3 more halvings, and nothing was happened. As we went down before halving, so we still went down after. But right now we have uptrend for a month, so don't you think affect to price will be different? From what I can see it's pretty much the first time DOGE price is really going up lol (with the inception) ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Price was always going down anyway So yeah it's hard to compare but we will see what the halving will do.
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3D Printing and Bitcoin, that's pretty cool.
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jeffersonairplane
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www.bitkong.com
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September 30, 2014, 07:30:47 PM |
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Something tells me it will go back down shortly after the halving, like all the other halvings that happened ![Sad](https://bitcointalk.org/Smileys/default/sad.gif)
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DieJohnny
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September 30, 2014, 09:06:52 PM |
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Something tells me it will go back down shortly after the halving, like all the other halvings that happened ![Sad](https://bitcointalk.org/Smileys/default/sad.gif) this run isn't because of the halving IMO. I think it is anticipation of the 100 billion doge mark. Mining will slow to a trickle and there are a lot of people that use Doge so the equilibrium price was certainly much higher than it was 50 days ago. We will run up in anticipation of finding out what that price will be. it will be a a bumpy ride though as we are still several months away from 100 billion coins.
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Those who hold and those who are without property have ever formed distinct interests in society
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kronicblazer
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October 01, 2014, 09:58:47 AM |
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Does anyone know a good site that teaches basic technical analysis so I can start understanding all these different lines? Thx
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manfred
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Energy is Wealth
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October 01, 2014, 11:04:02 AM |
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The top chart just shows exponential moving average (probably 20,50,100,200 )and the light blue line is the Stochastic RSI The purple line on the bottom chart is RSI 14 from what i can tell. He also uses the ichimokuTechnical analysis in crypto is pretty much useless at this point and time. Dogecoin is way to small for it as other factors play a much bigger part.
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blade87
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October 01, 2014, 11:49:28 PM |
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More TA : DOGE has lost the exponential upward growth trend. I expect a test of 90 and if that doesn't hold we're going back into the 70s. If it does hold and we bounce back up to 100 and stabilize, then we could see another explosive growth. If it bounces off 90 but only reaches 95-ish max, then it's just delaying the down trend. Don't take any of my TA seriously. I just do it for fun. Crypto is like a crash course on TA since it happens so much more quickly than anything else. Practice TA in crypto for a year and you'll be set trading for life! And don't forget... Typical Doge Trader............. - ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fmedia.giphy.com%2Fmedia%2FwpoLqr5FT1sY0%2Fgiphy.gif&t=665&c=W4l6NfSIKxIkaw)
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devphp
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October 02, 2014, 05:03:36 AM |
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Practice TA in crypto for a year and you'll be set trading crypto for life!
FIFY ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Crypto is the only free market in the world. Forex/stock/commodity are not free markets. There is a big difference in trading.
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EFS
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Crypto Swap Exchange
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October 02, 2014, 09:41:44 AM |
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Practice TA in crypto for a year and you'll be set trading crypto for life!
FIFY ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Crypto is the only free market with the biggest manipulation in the world. Forex/stock/commodity are not free markets. There is a big difference in trading. FTFY.
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devphp
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October 02, 2014, 10:32:47 AM |
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You haven't seen the real biggest manipulation, man ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) And that ain't in crypto.
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