Dogecoin to the moon... Jump on the rocket before It's to late!
So I've been following dogecoin for a while now. Since It started It's journey upward to the top ten crypto coins by market cap. Things are building up for a great set up. Every day doge get's more attention. Good or bad doesn't matter. Now since the Super bowl was put up on youtube with Elon Musk's support on twitter we had a nice little rally. I'm on kraken and wow the price reached the exact same price of .088 as a high In this rally that It did In the recent pump and dump. A perfect double top. The next four hour candle following had a Instant correction of ~25%. Since breaking out of the bull flag shown recently It has been trending upwards In an ascending triangle pattern. It's looking to be bullish In the next four hours. After finally dropping out Of the bollinger bands for a full candle It bounced back up of the first moving average It hit.
Now the PR effect from the superbowl ad will take some time to have It's full effect. But more people are searching doge on google than BTC. That was before the ad. The target market consists of people that I feel are less risk aversive than average. It will take time for them to go through kyc and buy doge. The noobs anyways. Also on Kraken the traders of doge In general seem very sophisticated. With over 50 percent of doge In the top 20 addresses, and one containing 27 percent I can see why. But these are going to be aggressive buyers. Especially as the market start's to rally, and they can't get filled. I predict we will be seeing a lot of market buy's or limit buy's Into sell positions. Giving the price a nice little boost that the current trader's will facilitate as the market move's towards equilibrium. The question Is will there be another rally before this. Doge Is picking up more Interest by groups on social media looking to pump and dump assets to come up. Elon will be there with me. Snoop dogg, Soulja boy, Gene Simmons, That one Jonas brother, and more celebrities continue to endorse doge In their own way. The snoop doge meme was dope. Plus the .05 cent meme on 50 cent. But even the naysayers of doge, and crypto In general only half smash doge. They all end up boosting It In one way Another to. Like Peter Schiff, professional crypto hater went Into doge as he saw the opportunity was ripe. Ending by saying that doge does Bitcoin better than Bitcoin. Even Bitcoin advocates see dogecoin as a potential BTC killer. So one of the big thing's that motivated this whole movement Is Elon Musk's constant support of doge on twitter. With his millions of followers the fallout of this movement will be seen for the rest of the year. Now one of the motivators for the creation of cryptocurrency through distributed ledger tech created In the early 1600's was our Institution's were In power given their centralization. Leading to BTC being made as a decentralized crypto. Well The CEO of Binance argues doge Is fairly centralized given It's distribution. But those addresses consisting of most of doge have been Inactive for long periods of time. They are long positions. They are In power. I'm good with that. Our Interest's are aligned. With that being said we are In for one heck of a climb. Just make sure you don't stay on this bus If It start's crashing. One of the reasons I'm one of the under 6 percent of people that are non-institutional investors, and are actually profitable Is because I know when to take my profits and walk away. It's hard sometimes. I'm a perfectionist. But overall It's not optimal to push your limit's to the max every time. That's why Elon Musk's constant haters that actually think he lost them money due to their Inability to perform actually lost money. Which I pointed out that the sad thing Is they don't realize they suck at what they do. This Is why I emphasize continuous improvement, and constant growth on In Intellectual level are critical to being a successful day/swing trader. Ask yourself every day, did I learn something new today that Is critical to achieving my goals? If not, I would suggest you make that change. It's ok to not be profitable when you start trading. But the way you look at things completely changes day by day when you're willing to put In the time!
Let's push doge to mars screw the moon!
Now the PR effect from the superbowl ad will take some time to have It's full effect. But more people are searching doge on google than BTC. That was before the ad. The target market consists of people that I feel are less risk aversive than average. It will take time for them to go through kyc and buy doge. The noobs anyways. Also on Kraken the traders of doge In general seem very sophisticated. With over 50 percent of doge In the top 20 addresses, and one containing 27 percent I can see why. But these are going to be aggressive buyers. Especially as the market start's to rally, and they can't get filled. I predict we will be seeing a lot of market buy's or limit buy's Into sell positions. Giving the price a nice little boost that the current trader's will facilitate as the market move's towards equilibrium. The question Is will there be another rally before this. Doge Is picking up more Interest by groups on social media looking to pump and dump assets to come up. Elon will be there with me. Snoop dogg, Soulja boy, Gene Simmons, That one Jonas brother, and more celebrities continue to endorse doge In their own way. The snoop doge meme was dope. Plus the .05 cent meme on 50 cent. But even the naysayers of doge, and crypto In general only half smash doge. They all end up boosting It In one way Another to. Like Peter Schiff, professional crypto hater went Into doge as he saw the opportunity was ripe. Ending by saying that doge does Bitcoin better than Bitcoin. Even Bitcoin advocates see dogecoin as a potential BTC killer. So one of the big thing's that motivated this whole movement Is Elon Musk's constant support of doge on twitter. With his millions of followers the fallout of this movement will be seen for the rest of the year. Now one of the motivators for the creation of cryptocurrency through distributed ledger tech created In the early 1600's was our Institution's were In power given their centralization. Leading to BTC being made as a decentralized crypto. Well The CEO of Binance argues doge Is fairly centralized given It's distribution. But those addresses consisting of most of doge have been Inactive for long periods of time. They are long positions. They are In power. I'm good with that. Our Interest's are aligned. With that being said we are In for one heck of a climb. Just make sure you don't stay on this bus If It start's crashing. One of the reasons I'm one of the under 6 percent of people that are non-institutional investors, and are actually profitable Is because I know when to take my profits and walk away. It's hard sometimes. I'm a perfectionist. But overall It's not optimal to push your limit's to the max every time. That's why Elon Musk's constant haters that actually think he lost them money due to their Inability to perform actually lost money. Which I pointed out that the sad thing Is they don't realize they suck at what they do. This Is why I emphasize continuous improvement, and constant growth on In Intellectual level are critical to being a successful day/swing trader. Ask yourself every day, did I learn something new today that Is critical to achieving my goals? If not, I would suggest you make that change. It's ok to not be profitable when you start trading. But the way you look at things completely changes day by day when you're willing to put In the time!
Let's push doge to mars screw the moon!
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