Doge - Q2 APRIL - DOGE/BTC/USDT - DogeCoin to be Considered as BTC's Store of Value?

in LeoFinance4 years ago
Disclaimer

@chuuuckie is not a registered broker/dealer/legal/tax advisor. All investments/trading positions/financial ideas opinions expressed by @chuuuuckie are from personal research and experience of the original poster is/are intended as educational materials. Although best efforts are made to ensure that all information is accurate and up to date, occasionally unintended errors and inaccuracy of ideas shared by this idea/blog/educational materials may occur.

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Doge Optimized

Note: Some charts are on a logarithmic scale

For all we know that this Coin is not really performing well in the past months, and its a Meme Coin, its a joke, and it should never exist. But here's the catch, Internet is full of memes and internet symbolism.

DOGE has been trading sideways and on its psychological price range at 100 satoshi, lucky for some traders they were slowly accumulating at 90-100 satoshis, and I as well agree that this is a good buy zone while Elon Musk is backing this coin also through hilarious tweets that affects the market BIG TIME!

An Idea came through me from the past weeks, what If DOGE will be pegged at 1USD? - good reasoning? I think not, but look at XRP today.

DOGE/BTC 4HR - Bittrex

I already bought small amount of DOGE at 100 satoshis, and my buy orders at 50 and 40 if DOGE goes lower, we can slowly average it by the time.

DOGE/BTC 1D - Bittrex

DOGE in USD pairs, a breakout is very obvious while BTC had a recent breakout and also had an obvious ascending triangle.

Read More Here, its a Proof that we Predicted the breakout with a little bounce almost near the Apex at April 3, 2021 -> 3.4.03 - Will BTC rally up to 70k-75k - A is for April, A is for ALTSEASON

DOGE/USDT 1D - Bittrex

Lets talk about Psychological levels, because its possible for DOGE to reach at 1USD but I also think only if BTC reaches at 110k-120kUSD per BTC, nothing is impossible when Binance also implements this

Binance Allows Users to Trade Tokenized Stock Tokens starting w/ Tesla

In terms of %, DOGE had a recent approx 800% change for a few days, and went below approx 60% but not lower than 100% in BTC

USD pairs in terms of % is approx 1200% and went below approx 50% but not lower than 100%.

In the mid-future, we will start to see more of it same as this.

Linking the topics TESLA and DOGE, I would say its very bullish for the both. Noting that XRP another joke coin, has a 45B of supply, almost half of current DOGE's supply.

DOGE/USDT 1D - Bittrex

Notes and Buy Zones

Please take note that not everything as accurate as per given disclaimer above. Long term, Id buy base from my current bias and if it hit the supply zone which is lower than 100 satoshis would in between 50 and 75.

Sell zones for DOGE would 900-1k Satoshis depending on how people would react to this price range. Why? - its because influencers are Shilling DOGE coin, and people are buying it without knowing the fundamentals of DOGE, some are just Buying it because they wanted to, just a 'Fan' of meme.

Thats it for now, TRADE SAFE! LINK/DOT/SXP Tomorrow I guess.

Last Note: Other Alts will be shared, but not everyday to avoid Spam

Index Blog

  1. Starting a Small group to help beginners in Trading
    1.x.x - Introduction x Start Trading w/ Binance preferably
    1.x.x - Rules of Trading
    1.x.x - Calculating and Managing your Trades

  2. HIVE
    2.2.14 - Is Hive really Bullish? - HIVE/BTC and HIVE/USDT
    2.3.30 - 2nd Quarter Update: HIVE/BTC/USDT - "$5 USD for HIVE is it possible?"
    2.4.08 - You should not worry about the Hive Price

  3. BTC
    3.2.18 - BTC Hits 51k, whats next 55k or 60k? Lets see the Charts
    3.4.03 - Will BTC rally up to 70k-75k - A is for April, A is for ALTSEASON

  4. ETH

  5. BNB

  6. ALTS
    6.XTZ.4.10. - Tezos - Q2 APRIL - XTZ/BTC/USDT - Tezos Parabolic Move?
    6.GRT
    6.DOGE.4.14 - Doge - Q2 APRIL - DOGE/BTC/USDT - DogeCoin to be Considered as BTC's Store of Value?
    6.LINK
    6.DOT
    6.LRC
    6.UTK.4.13 - UTrust - Q2 APRIL - UTK/BTC - UTrust is the TESLA of Crypto Payment Apps
    6.SXP
    6.STMX

Sources/Links/References

Similar Web - Website Traffic Analysis
Trading View - Live Trading Charts
Canva - Free Online Photo Design Editor
Coindesk - Binance X Tesla

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