DOGECOIN
11-13-2022
Daily Chart
◘ Today formed a Bear inside bar closing near its low with a gap under the 20ema ◘ Bulls failed to follow through break out above yesterdays higher low and 20ema
◘ Bears want a Low 2 break out short after the micro double top 11-10 + 11-12 ◘ Bear scalpers target under 0.078 - 0.070, Swing Bears target 0.05913
◘ Bull scalpers want to trap Bears for a break out rally up to the 20ema ◘ Bears want a strong follow through break out short after a Low 2
Weekly + Monthly Chart
◘ Wk#45 formed a strong Bear break out bar closing under its midpoint above the 20ema ◘ Bulls scalpers took profits at the Top of Wk#43 and 44
◘ Bears took profits from the low of this week to above the 20ema
◘ Strong close for the Bears may mean lower prices. ◘ The close above the 20ema may mean a trading range Bull inside bar for next week ◘ November is currently a strong Bear reversal bar with some buy backs
Q + A:
Could decentralized exchange (DEX) liquidity problems create a large scale run down or sell off?
Yes. It could. However, there are 524 exchanges with Binance at the Top.
How has volume changed since the FTX bankruptcy issue?
It has increased and become more volatile
What if there is no liquidity for scalping DOGE?
Trade a different market
Should Traders "worry" about institutions selling or borrowing from each other?
No. Traders should not have emotions when trading. Trades are based on price action and calculated strategies to respond accordingly to market changes.
Will the Government put a stop to crypto?
No. The government will look to gain a lot from crypto. The Government may more likely look to regulate trade rather than stop it. I think back to the immortal words of the great American lawyer of 2505, Frito, who once said and I quote, "I can't believe you like money too. We should hang out."
Do you think price action will still be adequate for traders other than bots to make money in the future?
Doge has a high probability to vary in volume depending on the market cycle. Professional Traders scalping smaller percentages between 3 - 10% may benefit.
When Lambo?
A trader may profit enough IF they bought $25K of DOGE at $0.084 and waited till 10x the value at $0.84. Totaling $250K.
Will we see the moon soon?
Going to the moon refers to DOGE reaching $1. IF DOGE continues its market cycle, there may be a 2 - 4x break out above the previous all-time high of 0.74 within 3 - 5 years from that last major break out reversal.
What are your thoughts?
Watch DC Charts Live and Stay Tuned For Tomorrow's Report!
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by Digital Currency World News, dcworldnews.com
11-14-2022
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#doge#dogecoin#crypto#priceaction#digital#currency#world#news#btc#eth#mana#ada#xrp
*This is not Trading Nor Financial Advice.