Quickpost:Doge Bitcoin Flagpole over 600% gains
Its a pretty simple idea. DogeBTC has found support on the 100 month Simple moving average and is currently nailing in a higher low. Not by much though. A zoom in also shows a downtrend resistance line has been broken and after a wee pull back of a couple of weeks price is resuming upward.
This creates a W pattern that gives DOGEBTC the structure to get out of the 3 year falling wedge it has been in since May 2021. The MACD is crossing the signal line in a bullish manner. Not as bullish if this cross was above zero, but I will take what I can get.
The chart shows the first two flagpole targets. This is a quick post so I am not looking to throw every indicator on and do 10 sub-charts.
I'll just throw one in because its charming. Here is DogeUSD. We can see that the gaussian channel contains price action in a bear market and mostly price consolidates around the midline. It takas a bit of effort but eventually price creates a lot of white space between it and the GC. Both black boxes shows where the Log MACD sags a bit as price struggles at the gaussian channel before breaking out. I expect to see some very expansive moves for Doge here shortly.
This creates a W pattern that gives DOGEBTC the structure to get out of the 3 year falling wedge it has been in since May 2021. The MACD is crossing the signal line in a bullish manner. Not as bullish if this cross was above zero, but I will take what I can get.
The chart shows the first two flagpole targets. This is a quick post so I am not looking to throw every indicator on and do 10 sub-charts.
I'll just throw one in because its charming. Here is DogeUSD. We can see that the gaussian channel contains price action in a bear market and mostly price consolidates around the midline. It takas a bit of effort but eventually price creates a lot of white space between it and the GC. Both black boxes shows where the Log MACD sags a bit as price struggles at the gaussian channel before breaking out. I expect to see some very expansive moves for Doge here shortly.
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