Dogecoin: Don’t Get Shaken Out!

A dip in the crypto market today as Bitcoin drags down cryptocurrency prices – looks like Greyscale selling more from GBTC. But we know what the bigger picture looks like, so don’t get shaken out of your Dogecoin!

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Hey everybody Chris here so little shake out in the crypto market today are you holding on we’re going to be exploring that in this video please be sure to subscribe to my channel hit that little notification bell too you can be notified when my new videos come out as

Well as when I do live streams and we were live on Monday night and we were talking about Doge hitting 9 cents and whether that was going to hold and I was talking about a retracement and we certainly do have that today and Bitcoin traded up over 53k just briefly before

Selling it looks like gbtc doing a lot of selling gray scale and I’m pretty sure the inflows are going to be coming back though for Black Rock and Fidelity and all those and Market’s going to turn around but right now we just have to hold on because the ShakeOut is

Happening let’s take a closer look at what I’m looking at so we start here looking at Dogecoin trading just at about 8.4 cents here we did break underneath this 8.5 support line This is where we were last night though up over 9 cents which was a good

Good pump that Dogecoin had but yeah selloff I kind of thought that selloff would be able to hold there right above 85 855 but that hasn’t been because that’s because of Bitcoin Bitcoin today had traded up just touched over 53k and now there’s this big drop so that is

Pulling the market down shaking out what what are we shaking out well here’s here we have liquidations right taking out the 52 million just in Bitcoin alone if we look at the hourly we’ll see that as Bitcoin came up to 53k it it took out some shorts a little

Bit of short squeeze there but then as Bitcoin has been dropping we’ve been getting the Longs one hour $33 million the next our $ 56 million in Longs being liquidated if we just look at Dogecoin alone we’ll see for Doge again those that were trying to you know

Buy on the dip and then do a leveraged long trading probably others thinking like like me that once it hit 8.5 or right above that that you know that that they thought Doge was going to turn around go back up and they we’re going to make some extra money on leveraged long

Trading but no liquidate out you got to be careful with that got to be careful with that kind of Leverage trading this is the kind of ShakeOut that we see across most cryptos happening so you got to be careful uh one one coin that I do

Have to call out is jasm jasm had a run up over a penny and it’s holding it is holding right there right at a penny just a little bit below now as I’m recording this so jasm finally going on a run if we zoom out and we look at this

Uh 4our chart you’ll see big run that we had for Jasmine been waiting for that to happen and now we finally do so as we were talking about particularly during the live stream of holding on to different cryptos and especially when things get really boring you just have to wait

Because they’re going to run they’re going to run and doge is going to have its day but today is not that day as we do see the retracement happening there so so hold on don’t get shaken out Bitcoin ethereum Dogecoin well earlier it was trade mixed right the idea of trading

Mixed is now more of uh a bit of a selloff happening so be careful there do touched 9 cents uh we talked about the Ferrari uh story where Ferrari in the United States now accepts Dogecoin yes you can you can use your Dogecoin to buy a

Ferrari but we need the price of do to go up first but we have this other guy Don crypto trades he is a contributor on X Twitter and he’s getting paid by Elon and x and he says that every cent that he gets through Twitter payments he’s putting into Dogecoin he’s putting it

All into Doge building a doge bag to hold during the next cycle what is better fit what is a better fit for that and will the $1 do prophecy be fulfilled one day we shall see we shall see about that but hey free money right extra money

Coming in why not put it into Doge Doge price prediction well we have seen this huge uptick in February of daily transactions 1 million daily transactions in February now look at this chart here January was dead absolutely dead in transactions but look at what happened near the end of January

And into of February we have had a big uptick in Daily transactions for Dogecoin so this is very good doge is not dead doge is doing very well and if we look at again the top 10 cryptocurrencies here’s Dogecoin still 10th here holding well that is good for Doge price predictions going forward

Well taking a little break from the bullish tendency that we had and again that’s due to bitcoin again pulling down the crypto market today we will see how long it takes before the market turns back around and starts going back up with 10 cents in our sites for Dogecoin

Dogecoin price will aim higher for that there are more key resistance lines now we’re going to have to trade back above but since Dogecoin was just up here at 9 cents turning around and getting back up to that level will not be hard with the bullish sentiment that we see so that is

What is happening with Doge again Bitcoin has just dropped below 51k now at 50,9 again when we zoom out though we see this is pretty much expected and not all that different than what we saw uh earlier in February with just a it turned right back around right here you

See that turns right back around I think we’re going to see that same thing here will we retest 50k come all the way down and retest I don’t know we’ll check that out and we’ll see but again Bitcoin leading with Bitcoin dominance that Bitcoin dominance had been going

Down and then over the past day we saw that Bitcoin dominance trying to reassert itself but it’s turning back around a lot of eyes on eth with eth dominance coming up we’ve been talking about ethereum coming forward with the denune upgrade next month and the possibility of e spot ETFs coming is

Going to be great for the ethereum ecosystem overall so that will be good going forward and again just another another thing just looking at jasm and what are going to be the next ones that we’ve been holding for a long time that are going to go on runs could it be she

Or is it going to be doa’s turn because that’s the kind of run we can see with any one of these coins so let me know in the comments below what you think about the your Doge you’re holding on you getting shaking out what’s going on

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