Doge Loading 45? | The Charts Say This | Dogecoin News

Doge Loading 45? | The Charts Say This | Dogecoin News

Welcome Back YouTube uh I wanted to point out cu I hinted at it in my last video but as the markets are shifting and we are um pretty much we broke into the The Zone above where we Consolidated I wanted to point out some indicators that we have and kind of look at the near history because sometimes it’s important to look at what’s Happening Now versus comparing it to 2016 2020 all that matters but obviously recent history certainly has a more of a weighted advantage on some type of price action we can expect to happen and the more so I want to kind of point it out is because we’re seeing evidence that this is still happening even on the downtrend so I believe it’s going to reflect on the uptrend as well what I’m referring to is the potential for Doge to on the next leg up pretty much at the at the conclusion of the next leg that the next leg is not just a uh singular this because I know um if we have a a run like this and then the consolidation oh it’s it’s it’s over it’s over then when we have the retest ultimately have the retest here we Peak at right this is what I’m referring to so it’s not necessarily the next lag which means that we run two or three days and they consolidate and it’s say oh lag over like no I’m referring to as far as for the peak and then we go down and have some of that liquidity from the previous um from the previous low right so this is the potential for do to run to 45 Cent from around the 15 cent which would be this um this test here and I want to point this out because two of the indicators I like to use here is the 14 and the 72 because you can use on your you’re talking about moving averages I know U for those of you that U chart as well I know you can use other moving averages you can use a 50-day a 100 day a 7 day uh 21 day whatever you can you can customize it you can do 23 days you know it’s up to you but these are the ones that I’ve been using for years and they’ve U they they’re I use them because they’re very strong indicators and they’re not going to be necessarily skewed by um new shock value because of the the amount of days that’s in there that stuff kind of gets weighed out over short term versus if something if you’re using like a a 7day and there’s like a war or a jpow thing or something like that um and you’re trying to trade it it’s going to affect your data that you’re kind of reading um so what the point of this is I’m looking at the 14 to 72 I’m back here in January when we had the cross to the downside now an indicator of like a 14 Crossing at 72 would be known as a death cross which would mean that we are expected to have a pretty sign against selloff did we get one not really uh we didn’t even go down to a major level of liquidity here like even the beginning of it because there’s technically if I scoot up here there’s technically three levels where we typically grab liquidity at and we didn’t even go there we had the death cross here this big candle down and we much remain sideways uh even rallying above it a few times um even here and here prior to uh ultimately the Golden Cross but the Golden Cross had a lot more significance than um than the uh the death cross right because when we had the the death cross we pretty much turned it sideways but when we got the golden cross we had this huge run right a historic run actually this is when this is the most aggressive run we’ve had in Dogecoin at least since 2016 I didn’t go back prior to that but at least since 2016 this is the most aggressive um period that we’ve had the most consecutive green days um going back that far the last two cycles so um and then we had the obviously the test at around like 20 cent and then we had the consolidation then we rallied to around 22.8 almost 23 Cent and then of course we came back down to the 15 so it is and I know sometimes people uh look at the the videos and they’ll look at some of the flash crashes and say oh well um when I said Doge doesn’t close below 15 we a couple closures but it cannot be argued at this point that 15 is not the equilibri for the price of do um the evidence here is overwhelming 1 two three four five six 7even eight 19 rejections off of the 15 Mark now did we have a closure down here yes but we had an engulfing candle where it rallies back up right and that’s more so even more evidence that you need that the market is pricing in uh Dogecoin at at least 15 cent and that when it’s below it that’s really the best time to buy because of the the aggression that comes into the coin and you can verify that by looking at the Wicks here right 15 cent so coupling that with what I just said we can use that as a a mediator between where we are now because we got the cross here as well this will be known as a death cross right and we went down to pretty much previous support right same thing we had happened here when we had the death cross where was Do’s low right previous support around seven seven. 753 not a significant effect to the downside but the upside obviously had a huge uh effect so that indicator here if we’re holding true what what happened here on the death cross well we went down to roughly where we were before around the 15 cent even prior to the uh we were still on the high from the initial runup prior to the 14 crossing the 72 we were bouncing off the 15 Mark right uh we had a little bit of overshoot like for um less than a day but we still close at around uh the uh 13 and 15 Mark right so we had uh this is the 13 sorry U but so we had the uh the bouny off of the 13 and we this is where we were grabbing liquidity from before before we red back up here to the 15 right so it hasn’t done anything that is diverges from what happened the first time we had this 14 cross into 72 so what that means is if we are following this trend to the T right we got a 3X here on the cross so what that would mean is if we’re looking at something like this then we’re positioning ourselves to have uh that run from as a multiplier for somewhere between 13 and 15 cent right putting us at a high of around 45 Cent for the next major leg right so um it’s pretty much like a 3X from uh 15 so even if you want to say 40 to 50 cents somewhere in that range um would be for as far as for like the next leg up that’s the case that you can make uh for this based off of recent Trends this isn’t even Gathering data from some of the older Trends we’re talking about the last four or five months here we’re talking about 2024 Trends right so this here is the most um I guess you can consider up to date right uh charting that we can see here as far as for the the trajectories of this trend and I think this is very important here to see to kind of measure if we’re going to have this similar aggression because as we get closer to um Peak bull run as we get closer to liquidity coming into the market even from the institutional level we can expect to see these kinds of moves and sometimes it happens even faster because once we start talking about U Peak Bull Run we’ll start to see even greater swings uh overall in the market then of course we have Catalyst and news as far as for doge acceptance um X payments all that kind of stuff out there they’re still Brewing but we’re talking about here just off of um the allocation of capital from an Institutional perspective right that’s really what happens when you look at like something like a coin market cap and you see all the charts matching up and they all get money flowing at the same time or money leaves at the same time we’re talking about institution allocation of capital right so just from that perspective here if we’re looking at the next bullish trend for uh crypto right obviously this is not just a Dogecoin thing but obviously we would see this reflected on uh Bitcoin as well so we’re talking about the next major allocation of capital going into Bitcoin um could put Dogecoin somewhere between 40 and 45 Cent on this next leg remember this is not going to be a smooth run um I expect Bitcoin to have we’re not there yet um we can do some cross references between like Bitcoin and Doge but I expect Bitcoin to have a sell off somewhere around 90 to 100,000 and obviously that’s going to have a sell off across the market so we’ll have to monitor that but we’ll start looking at that once we get around like 80 85,000 unless we’re just on like an absolute tear we’re running then we’ll have to chart it a lot sooner but overall we’re talking about the next alloca next huge allocation of capital um something something like similar to this run here from around 40 to the 50 uh 51 range and then this run here so we start jumping around $10,000 in the next two or three days be looking for that strong move up um and do going because I believe that puts us in position to uh hit that higher Target so um we’re going to be covering a a wide variety of topics here for Doge and some of the Catalyst coming up uh this week so make sure that you stay tuned and have the notification Bell on for the channel um have some good stuff coming out this week for you guys so that’s my uh position for uh Doge loading point 45 let me know what you think in the comment section um if you can if you found value please consider subscribing to the channel we’re going to try and beat Bitcoin to 100,000 by getting 100,000 subscribers first thanks and I’ll see you guys in the next video TR [Music] [Music]

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