Brothers, a new round of increase is about to begin. Every last month of the bull's tail, Bitcoin experiences a surge, known as the Christmas market btc
Is Dogecoin's reversal imminent? DOGE approaches the upper trend line of the descending wedge, a breakthrough could lead to a 96% increase!
In the past 30 days, Dogecoin has been a 'slow decline player' - with consecutive lower highs and lows, the movements are compact and regular, causing quite a bit of anxiety for holders. But don't worry, the technical indicators are quietly releasing reversal signals: cryptocurrency commentator Clifton Fx's latest analysis points out that Dogecoin's downward trend is about to end, and a 'descending wedge' pattern is brewing. Once a successful breakout occurs, a 96% surge is expected! 🔍 What is a 'descending wedge'? A hidden signal of reversal Open the Dogecoin 12-hour price chart, and you can clearly see two downward sloping trend lines gradually 'converging' - this is what analysts refer to as a 'descending wedge'. This pattern is quite distinctive: the price fluctuates as if being 'wrapped', with each rebound becoming weaker, and the distance between the two trend lines is also narrowing.
With one strong effort, one becomes weaker, and with three efforts, one is exhausted. The strongest performance was the night before last, followed by last night, and today it's a bit hard to keep going. After touching the bottom at 123, it rebounded to 146.85. So far, there has been no normal pullback, and 146.85 is at the upper Bollinger band for the day. There's no need to add positions unless it pulls back below 140.
The resistance points above 146.85 are 150.75 and 157. If there's no pullback of more than 7 points here at 146, then there will also be a pullback of 8-11 points to 150-154 because 150 is a round number and won't be stable immediately. Therefore, a short opportunity will arise in the range of 150.5-154. Only after stabilizing between 144.25-141.85 will there be another push towards 157.
1. Sister is the co-CEO, it is well known that Sister likes memes 2. I saw a picture saying that Sister mentioned in the meeting that they want to create more interesting Binance memes 3. A while ago, the two alpha coins with low market value already gave signals
Dogecoin's Comeback? 5% Surge + ETF on the Horizon, Is This DOGE Rebound a Sign of a Bull Market?
After experiencing a significant correction previously, the price of Dogecoin (DOGE) has shown signs of recovery, rising about 5% in the past 24 hours and re-establishing itself above the $0.15 mark, with a weekly increase of over 10%. The market is currently paying close attention to whether this rise marks the beginning of a trend reversal or a short-term rebound within the overall market recovery. Improved market environment and capital inflow Recently, the cryptocurrency sector has generally rebounded, driving an increase in market sentiment. The trading activity of Dogecoin has significantly improved, with stronger buying power and increased trading volume. The price has gained effective support in the range of $0.13 to $0.15, providing a technical foundation for the rebound.
Reasons for the surge, BTC's favorable conditions: 1. Vanguard Group opens Bitcoin ETF trading 2. Bank of America approves crypto allocation advice of 1%-4% 3. Expectations for a change in Fed leadership and a shift in easing policies 4. CZ's "pie in the sky" prediction 5. Musk reiterates Bitcoin's energy-based value
① In the past month, it first stood above the middle Bollinger Band (90100) ② Yesterday, it recorded the largest volume bullish candle in nearly half a month (increase of 5.8%), while the same K-line on November 18 only had an increase of 0.81%
Overall, it is still within this wave of market oscillation range and is attempting to break through the upper boundary, with selling pressure being largely consumed and signs of volume support emerging.
From a technical perspective, there are still two key levels to break through:
① EMA20 (92000) ② The key resistance level of 93500
From a macro perspective, overall news is positive:
① Firstly, Vanguard Capital will open cryptocurrency ETFs and trading on its platform starting in December (assets of 110 trillion) ② The Federal Reserve has a change in leadership, and the probability of interest rate cuts in December has risen to over 90% ③ Bank of America recommends its clients allocate 4% of their assets to cryptocurrency ④ SEC's "Crypto Innovation Exemption" policy: allows for innovative on-chain product development
A wave of favorable policies has emerged, leaving MicroStrategy as the "lamb to be slaughtered." My plan is to first accumulate some spot positions, then add more once we stabilize at 92000 and 93500. If it breaks 88000, I will cut losses; it may not necessarily reverse, but it is worth the risk-reward ratio for BTC.
Dogecoin Price Prediction: With the Federal Reserve's interest rate cut imminent, can DOGE surge to $0.5?
Dogecoin's price has fallen below a key long-term support line, and market attention on its subsequent direction has sharply increased, with related price prediction search volume rising significantly across the internet. Currently, Dogecoin's price is at the 1 Fibonacci retracement level near $0.13, which has become a key battleground for bulls and bears. The upcoming trend will determine whether it is a rebound from the bottom or a continued decline, which may decide its trend direction for the coming months. If the closing price confirms a drop below $0.13, the downside risk will significantly increase, and the price may further drop to around $0.02 near the 1.618 Fibonacci extension, indicating there is still about 85% room for decline from the current level.
Looking back at the last bull market, we can understand the market's rhythm more clearly through several key price platforms.
First platform: $25,000. Bitcoin consolidated below this level for 9 months, and breaking through marked the official start of the bull market.
Second platform: $30,000. It went sideways for about half a year, never breaking below the previous platform's high point ($25,000), and after consolidation, the trend continued for about a month and a half.
Third platform: $50,000 (mainly around $45,000). It consolidated for 3 months, also not breaking below the previous platform's top ($30,000), and then rose again for a month and a half.
Fourth platform: $70,000. During an 8-month consolidation, it consistently held the crucial support at $50,000, and then continued to rise for a month and a half.
Fifth platform: $100,000. It went sideways here for 6 months, never breaking below $70,000, but the subsequent trend lasted a full 5 months, with a rhythm noticeably different from before.
During the first four platforms, my trading performance was very good. However, by the fifth platform, I began to clearly struggle and incurred significant losses. At that time, Bitcoin rebounded from $75,000 to $100,000 in just one month; based on my past experience, I judged that $100,000 might be the top. However, from May to October, Bitcoin slowly rose from $100,000 to $120,000 over 5 months, while Ethereum experienced a strong main wave during this period.
Now, Bitcoin has fallen below $100,000 and has not quickly recovered — the tops of the previous four platforms have not been broken. Considering the prolonged slow rise of the fifth platform over 5 months, as well as Ethereum completing its strongest supplementary rise during this time, this stage is likely to be a period of major distribution. #bnb
Pippin has not paid attention since the last time he shorted and got beaten. Now looking at it, the distance from the last short position has multiplied several times, which is exaggerated. Many of these coins keep rising when they go up, and when they go down, a single candlestick goes straight to the bottom.
Yesterday, after the CEO of MicroStrategy stated that they might sell Bitcoin, MSTR plummeted, leading Bitcoin to continue its decline, hitting a low of 83800.
However, MSTR closed with an exceptionally large hammer pattern, which suggests a high probability of a rebound for MSTR in the near future.
Therefore, the probability of Bitcoin continuing to drop further is low; it still has the potential to rebound and break through the 20-day moving average, testing the resistance level of 96,000.
DOGE ETF attracted only $2 million, while bears dominate completely! Why can't Dogecoin rise? What is the next focus?
Similar to the trend of mainstream cryptocurrencies, Dogecoin (DOGE) continues to be under pressure due to the overall market sentiment being low, consecutively breaking through several key technical levels. Outflows of funds, a weakening structure, and a reduction in speculative enthusiasm have collectively intensified its downward trend, and doubts are growing about whether it has entered a deep adjustment phase. Dogecoin has lost key support, and selling pressure continues to accumulate. Dogecoin has broken below the recent upward trend line on the hourly chart and further pierced an important support zone, continuing its recent downward trend. The current price is below the 100-hour simple moving average, hovering around $0.13. The MACD indicator shows increased momentum within the bearish zone, and the RSI remains below 50, indicating that bears are dominant.
The recent drop in BTC has reached a low of 84,000 today. Has it hit the bottom?
1) From the order book, the amount of buy orders is relatively small compared to the larger buy orders seen during the previous three rebounds. 2) Four-hour level: the bullish volume is not very strong, only a little more than half of the bearish volume;
Based on the above two points, the price is likely not to have reached a temporary bottom yet, and it is estimated to drop to around 80,500. Let's patiently wait and see. #ETH巨鲸增持
Old Horse's new avatar $santahat, definitely still needs to watch the SOL chain's market, already tripled!
I've said it many times, international events use SOL, domestic events use BSC, because there are more foreigners in SOL and more locals in BSC.
The Spring Festival Gala mascot can be on BSC, but Old Horse changing his avatar will definitely play the leading market of SOL, and people from all over the world will participate in the P!
$giggle was one of the most promising memes before it went live on bn. Why was it considered promising back then?\n\nIt is a charity meme, and the project team has been consistently donating and engaging, and cz has also been actively interacting and promoting it, so at that time, it seemed highly likely that it would go live on Binance's spot and futures market. As I expected, it indeed went live on both futures and spot, and I made a small profit from it!\n\nSince it went to the secondary market, I haven't paid much attention to it. Today, I took another look and feel that this cryptocurrency has already peaked in its future development. Many cryptocurrencies with strong narratives have basically dropped to their lows recently, while giggle is still lingering, so I'm waiting for an opportunity to short it, always feeling that this coin will drop below 50!\n\nLet's verify it over time!
12.1 (Monday): US October PPI, Q3 PCE 12.3 (Wednesday): US November ADP employment numbers 12.4 (Thursday): US weekly initial jobless claims 12.5 (Friday): US September PCE data
ps: The first week of each month generally sees larger fluctuations, be cautiously aggressive and pay attention to risk control. In the year, there is generally a significant drop between the 1st and 5th (or at the latest by the 7th) of each month, and a large drop is expected around 12.4. This morning's significant drop is not included. So today's rhythm is to first bet on a rebound and then short.