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MOON DOGE? by wildtrader

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doge · @wildtrader · (edited)
$65.36
MOON DOGE?
![DOGE.jpg](https://cdn.steemitimages.com/DQmbDeeinKJY7ts5cm8GodAZqvFqRT9DhxCWU2VLN6Pc7Sw/DOGE.jpg)

![banner logo.png](https://cdn.steemitimages.com/DQmVngVC3d3dEcR2Y9DPRR4x8QKgnzRLnimnGgW9nKqRYyY/banner%20logo.png)

With the announcement of the DOGE to ETH bridge, DOGE is off the charts today. Is it time for the DOGE dog to moon? Or, this is a fake out?

Truth is,  I've been bullish on Doge for a long time. This is purely trader thinking based on the charts. I don't see much fundamental value in the Dogecoin, other than it being a clone of early bitcoin. But in the end of the day, what makes a basic payment coin, with similar code better than another.? Really, this comes down to market sentiment. While 'modern' bitcoin has seen some forks, DOGE's code, as I understand is very close to the original bitcoin code, yet is worth much less. That alone is not a reason to buy. But the chart is, with it eventually pointing north of 10 cents. Sentiment speaks, and someone is buying, at least for a trade. 

Don't worry. I see no cause for DOGE competing with Bitcoin in price base even though the code is similar. But the chart does suggest that the coin continues to find liquidity from traders like me who love its volatility that quite often exceeds Bitcoin's volatility. 

The challenge with this chart is it is a large ABC in the making. This is not the typical 5 wave structure us Ellioticians look for to trade. That means we can have many of our trade signals thwarted by the market and the chart will see more 'morphs' than we see in a standard impulse. Yet we've seen a very tight flat correction since January, in proportion to its long term movement. This should be bullish to any market technician no matter which method. This move up may be signalling that correction is over. However, first I do need to see 5 waves here, as is standard in the start of a C wave. If we continue to push, holding .0038 from here, and completing 5 waves, I'll assume wave 1 of C is done and we'll pull back for the larger move. 

Many pumps like this have failed in the market lately. But that's a symptom of a bear market. This isn't the symptom of scams or other irregularity as many like to blame. If you were trading post NASDAQ tech wreck in 2000, like I was, you saw the same thing in biotechs, or bioslime as some would say. Some of those stocks are still with us, some aren't. More importantly, rallies in thes stocks sold in the 2000-2003 bear market. And, so we've seen seen the same phenomenon in coins since January. 

If we are near a bottom, we may see some of these pumps begin to hold. Is it DOGE's turn? I don't know. If we break support the red B wave path, is the likely level lower- slightly lower than the bear market bottom we've just seen. But if we can fill the white count out, I'll look higher.

![DOGEUSD - Primary Analysis - Sep-01 0908 AM (1 day).png](https://cdn.steemitimages.com/DQmQtE3nSBfskVMRCWAZfMe5E1y81xQpM9fbAYynPKe1kvh/DOGEUSD%20-%20Primary%20Analysis%20-%20Sep-01%200908%20AM%20(1%20day).png)

Note that free 15 day trials are available for our trading room and community on Elliott Wave Trader, where I am a full time analyst. You'll rub nose with, professional, amateur and traders in the learning process, while getting trade calls and ongoing direction for the market. No credit card is needed for a trial.

https://www.elliottwavetrader.net/cryptocurrency
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vote details (215)
@albertot · 
Great article, maybe you are interested in the one in these links related to **cryptocurrency,bitcoin**:


-  **[Demonetisation Was A Failure! Banning Cryptocurrencies Would Yield Similar Fate?](https://steemit.com/india/@firepower/demonetisation-was-a-failure-banning-cryptocurrencies-would-yield-similar-fate)** by [firepower](https://steemit.com/@firepower)

-  **[Dogecoin and Dogethereum, Such WOW](https://steemit.com/cryptocurrency/@drakos/dogecoin-and-dogethereum-such-wow)** by [drakos](https://steemit.com/@drakos)

-  **[A story](https://steemit.com/bitcoin/@lifenow/a-story-0bbf9e361daa)** by [lifenow](https://steemit.com/@lifenow)

-  **[Bitmex Rekt Like A Pro 50x Talk #bitmex #BTC #BITCOIN](https://steemit.com/bitcoin/@sku77-poprocks/bitmex-rekt-like-a-pro-50x-talk-bitmex-btc-bitcoin)** by [sku77-poprocks](https://steemit.com/@sku77-poprocks)

-  **[BTC - First Resistance line broken - Diagonal resistance line is blocking us](https://steemit.com/bitcoin/@cryptopassion/btc-first-resistance-line-broken-diagonal-resistance-line-is-blocking-us)** by [cryptopassion](https://steemit.com/@cryptopassion)

*Il this comment you think is useful please consider vote it*
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vote details (1)
@bitbrain · 
I would take quick profits from this one. DOGE is a joke. Literally. Its team doesn't care about it and I don't see it succeeding in the long run. If I was holding then I would set some stop losses and update them frequently. I would not buy.
👍  ,
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@steemek ·
$0.03
Whatever..just trade it and take profits. :)
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@wildtrader · 
Yep people tell me that all the time, but I don't trade fundamentals. Of course I have a stop. I do on every trade.
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@boomerang · 
This post has received a 44.36 % upvote from @boomerang.
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@carleone · 
Big Week In Crypto.Because come my post :)
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@cloudspyder · 
Is there a possibility for doge to go $1.00 a coin?
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@wildtrader · 
I cannot get a projection to $1 yet.
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@eddymac87 · 
I mine dodge and hold it until it pumps then I trade it for some other crypto currency, My latest trade was for EOS,
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vote details (2)
@wildtrader · (edited)
I do like EOS. Far more than DOGE. I wrote a post on it a few posts back.
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@feelsomoon · 
I see doge remaining as the top meme coin for the next few years but I would not put my money into a memecoin that has more than doubled in the last few days.
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vote details (1)
@imowaisab · 
65% increase in its value.  I think people loving it.
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vote details (1)
@leonyaniazi · 
Best Dogecoin Investment Plans 2018 + Free DogeMiners 2018 (Withdrawal Proofs)
https://steemit.com/dogecoin/@leonyaniazi/best-dogecoin-investment-plans-2018-free-dogeminers-2018-withdrawal-proofs
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@leonyaniazi · 
Free Dogecoins + Best Dogecoin Investment Plans 2018 + Free DogeMiners 2018 (Withdrawal Proofs)

https://steemit.com/dogecoin/@leonyaniazi/best-dogecoin-investment-plans-2018-free-dogeminers-2018-withdrawal-proofs
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@leprechaun · 
much Elliot.   TA wow.
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@lifeofjustkoko · 
https://dogemoon.cc   DogeMoon closed. scammmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
👍  
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vote details (1)
@wildtrader · 
I usually use the word scam for something that is not transparent. The creator of Doge has been open that the whole thing is a joke. He's been quite transparent, to the point of being on NPR, saying the whole thing was silly. Yet the market still has bought it at times. Why? (rhetorical)
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@michealb · 
nice!
👍  ,
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@nado.bot ·
re-wildtrader-moon-doge-20180901t181647574z
You got a 100.00% upvote from @nado.bot courtesy of @wildtrader!

Send at least 0.1 SBD to participate in bid and get upvote of 0%-100% with full voting power.

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@nurseanne84 · 
i just heard that Dogecoin is devalueing again. Is this a market correction?Or, is this the beginning of the decline?
👍  
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vote details (1)
@wildtrader · 
I haven't heard that. But if you're familiar with Tesla stock, as an analogy, they've diluted shares since the beginning, well as long as I remember. But the market hasn't eaten up. It's a great example of sentiment not caring for crappy fundamentals (from a balance sheet perspective). With respect to whether this ultimately breaks out, or follows the red path, is down to price action. So far it bounced off .0045. I took some profit, but will decide the rest based whether this bounce can stick.
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@nurseanne84 · 
you and I both.I just want to see how this whole dogethereum bridge will affect the currency.I am honestly holding on to my doge because I feel that it might be worth more than it is today.
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@pheonixdown-dee · 
Great article thanks for the information. I am curious to see where DOGE goes as i feel it's sometimes considered just a big joke.
👍  
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vote details (1)
@philipkavan · (edited)
I don't know why people have started to talk about Dogecoin again.This coin almost went into oblivion before.The price of it keeps going down and down.There are only a few websites or platform which accept Dogecoin.I don't know who buy Dogecoin these days.

I think it is one of the cheapest cryptocurrency of the world right now.So mining Dogecoin could be a good idea.It is because mining Dogecoin is very easy than mining any other cryptocurrency.Who knows if the price of Dogecoin suddenly goes up then the people who hold a lot of Dogecoin today can be the real gainer.
👍  
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@sinkfish · 
wow, very crypto, much awesome.

Dogecoin to the moon.
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@spydo ·
re-wildtrader-moon-doge-20180901t180214083z
Congratulations, your post received 16.41% up vote form @spydo courtesy of @wildtrader! I hope, my gratitude will help you getting more visibility.
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👍  
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vote details (1)
@steem-ua · 
#### Hi @wildtrader!

Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation! Your **UA** account score is currently 2.907 which ranks you at **#10870** across all Steem accounts. 
 Your rank has risen 133 places in the last three days (Your UA has improved by 0.000).

In our last Algorithmic Curation Round, consisting of 204 contributions, your post is ranked at **#104**.
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* The readers appreciate your great work!
* Your contribution has not gone unnoticed, keep up the good work!


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👍  
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vote details (1)
@steemek ·
$0.03
I don't know..i buy doge when low,and sell all at pump.That works great for me. :)
👍  , ,
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vote details (3)
@steemitboard · 
<center>[![](https://steemitimages.com/175x175/http://steemitboard.com/@wildtrader/level.png?201809012159)](http://steemitboard.com/@wildtrader)
**Congratulations @wildtrader**!
You raised your level and are now a **Dolphin**!</center>

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properties (22)
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@tts · 
To listen to the audio version of this article click on the play image.
[![](https://s18.postimg.org/51o0kpijd/play200x46.png)](http://ec2-52-72-169-104.compute-1.amazonaws.com/wildtrader__moon-doge.mp3)
Brought to you by [@tts](https://steemit.com/tts/@tts/introduction). If you find it useful please consider upvoting this reply.
👍  
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