Still a falling wedge...>

-

Still a falling wedge... >. June 19th I thought that would take us under .28 for a bounce back up, but I’m inclined to believe after last week’s drop to .16 that the whales wanna cash out soon, and we might just see sub .1 and below, possibly below zero as some have predicted the bottom to be.

See my posts about head and shoulders patterns and links to thoughts on that and the still evolving falling wedge. Looks like we may consolidate back to .05. Anyone notice after what looks like a retail buy-in big cash outs happen. Save your money for lower coin values, the whales are winning.

Bitcoin is said to only be at the bottom of its fall when Doge hits below zero. I’m holding my 1,111 coins for a bounce UP should that prove to not be true, but I’m not going all-in until I see that magical .009 or below. .009 = 22,222 coins, and .002 = 100,000 coins. Now I know that may mean many more years until another breakout near $1 occurs — if any, but since this is a big speculation play anyway, I’m willing to risk it that we’ll see sub .05 before we see $1+. I’ll win either way. But to win big, sub .05 is the way. Look at the original Dogecoin Millionaire himself. That young man went $250,000 all-in on Doge at .04, not .25. Dogecoin Millionaire.

Of course my approach is ALL guesswork and gut feelings as well, based on very little fundamental evidence. My gut is telling me this run may go back below .01.




Comments

Post a Comment

Popular posts from this blog

Almost back to .275!

-
Image
Yeah, that’s what I like about Doge! A little patience, don’t overreact...she’s back, baby! Still down $35, but loaded up with $200 in cash for any major drops under .10. I’ll take the upside back to $1! Account balance: $504.66; no trades pending. Was down to $378 at one point, I’ll take a patient recovery versus a panic sale.  Strategy, hold to .75 or $1+. Add in 10% trades IF the coin stabilizes again.  Hey, 75% return back to this point. Good example of how emotions keep us from executing on opportunities. How many Coudla, Woudla, Shoudla taken advantage of the move from .16 back to .275? I didn’t. Oh I thought about going in with $5,000. Believe me, but fear kept me out. And only guts kept me in as she dropped. Would I have stayed in with an account value of $5,000+? I dunno, but that’s the point. No regrets. Moving on... Do the math...$5,500 at 75% returns = 10 trades for $1-million. Could you stomach the fear at trade number 9? I couldn’t at trade 1...
Read more

The slow dwindling to .15

-
Image
This will test .15 and lower, gut feeling no fundamental analysis to support that thesis. Technically however, we are already seeing May 18th lows, but instead of positive momentum, we have stalled. As a result, I suspect this will test .19 again — as we’ve already seen .21. It’s a race to zero from there...just my opinion. Again, I see sub .10’s happening again, and I’ll buy some there and again at zero. Yep. Literally trading real dollars for ...emptiness.  My hunch is we will see $.75+ again within the year...just don’t know when, and worst case; I lose the bet... and I’m holding onto 15,000+/- Doge. Could be worse.  And this is all just that, a bet. Don’t delude yourself into thinking this is investing. But I like a good casino just as much as the next person; let it roll!
Read more

Long time no Doge...

-
Image
Welp, I’ve moved out of Doge for the moment. Played Da’HOOD for some nice IPO gains. Looking to flip this trade to a quick $350- to $500, and I’ll figure things out from there. Doge has lost my interest for the moment. Sometimes momentum needs to be capitalized upon...$191 to $375, back to $277. Onwards to $500. On the other side of the fence looking to SELL one PUT option on about $4,000 for around $200 to $250. Trade to come when/if the opportunity presents itself. 
Read more