Last Chance To Buy These Prices? Doge & BTC | The Weak Trend | Dogecoin News

Last Chance To Buy These Prices? Doge & BTC | The Weak Trend | Dogecoin News

Welcome Back YouTube so I wanted to
point out something even though we
haven’t got to those um what I would
consider critical markers yet but I did
want to point out what it looks like
it’s because we are developing a trend
right now so um it’s far as more like a
major selloff in the market one of the
things I said was this would happen um
around the 58,000 mark for uh for
Bitcoin and as you can see I’m going to
do some jumping around here just to kind
of make my point because I know it
hasn’t happened yet but I want to
just going to show you what it looks
like so we can be on the same page here
so what we’re looking at here is uh the
coin market cap and you’ll see that I
know sometimes people just focus on uh
Doge and like the price depending on
what what your favorite crypto is but
the entire Market’s red right so we can
take a look at this here on the 7 day um
for the coins here it it’s red Tron is
up but other than that it is an absolute
blood bath and we’re
seeing uh some some slight differences
here but overall like you see like
salana
xrp Doge it’s very similar patterns here
so that’s why I meant you know SCE like
Divergence it’s
still um it’s still relatively the
trending together uh even the the coin
the crypto that’s the uh Capital that’s
coming into the coins are are being very
low right so because right now for do
even in the last 24 hours it’s less than
a billion dollars that’s coming into the
coin um cardano has
we’re still doing three times the volume
of cordano and you know uh what is this
about eight times the uh value of uh
with the volume excuse me of ton coin
but overall there isn’t much Capital
coming into the market so what does that
mean that means that there is fear
coming into the market of about a
potential selloff or they believe that
you could potentially get a a good price
coming at so and even here we’re not
we’re no long based off with the numbers
here if you look at the fear greed index
we actually are in neutral now so it’s
not the extreme greed that we’ve been
seeing over the last couple of months uh
we’re actually in neutral so you can see
like kind of like this retracement
that’s going on here so the reason I
charted this um let go back to the Chart
here but the reason I put this here in
the first place is as you guys know for
the ones that follow me I like to give
to keep an eye on both aspects of the
coin right the positive bullish aspect
and the
as to the downside right U that’s why I
put this here a while ago um as far as
for the 58 Mark uh well excuse me this
is for do now but uh this is for uh do
this is around that 12 cent Mark for
Bitcoin go back that’s why I put the
58,000 work there because that it’s a
possibility right and the reason I put
it there is because historically these
things happened during the bull run
right this is um that’s a historical
percentage that these coins have
corrected and before they did the
Ascension or um started going toward
their their Peak Bull Run so the
interesting thing here is that you want
to see the strength of the trend and you
always want to monitor that right so
zooming in here you can see these are
daily candles you can see the difference
and this is what I pointed out the uh
the volume for is there’s very little
Capital coming into the market so you
can see the difference in these candles
here and you have obviously the 7 the 14
crossing the 72 that’s a signal but the
most important thing is here look at the
size of these daily candles right the
volume is shrinking so what does that
mean that means that this trend is
becoming weak so when you have a weak
Trend you are going to go where there is
liquidity and if the trend is weak and
you’re not pushing up into levels of
liquidity you’re going to go down to
there’s to where there’s levels of
liquidity and when that happens
what you’re basically doing is you’re
enticing the market which is why we
looked at the fear greed index you’re
enticing the market to see where are
there going to be people willing to come
in and purchase this asset where do they
believe that if they believe that it’s
going to go down or potentially based
off of the market based off of the
macros they believe that this isn’t a
fair price for it where do they believe
that it is a fair price for and that’s
where you can expect typically to get
some rejections or a lot of capital
flowing back into the asset so for
Bitcoin we know uh that next level next
major level is going to be somewhere
between 60 and
58,000 right we’re getting some um some
rejections here so people are buying you
can see some of the Wicks here on the
candle here I’m going to try and zoom in
for you you can see some of the Wicks
here on the candle where some some push
back but overall this is a downtrend and
the the trend is getting weaker so but U
the question is are they going to have
enough money to generate it to keep it
from going to grab this liquidity as of
right now it does not look like that’s
going to be the case so what does that
mean overall for the market well that
means that the market will react and do
something similar so obviously I’m going
to take a look here at um Doge doge is
projecting the same pattern really you
have the 14 crossing the 72 which is u a
uh signal uh for a a current downtrend
you have the trend weakening here same
thing uh people are coming in and buying
but it’s not going to be the volume is
relatively low compared to what it would
take to sustain current prices and stuff
so typically what we’re looking at for
because we we’re actually here now
around that 1388 Mark but that would
mean that the next period as far as for
where people would feel comfortable
buying the asset is going to be
somewhere between this um this 12 and 13
C Mark right and again that’s why this
line is here this this is one of the
things that we track we track both sides
where have we gotten uh these uh these
tests from and and to be honest we’ve
done this um even from 18 we came down
here retested and then we had that
that’s when we went out to test that 22
22.9 23 C range that we’ve been um
ultimately that we’re going to have to
retest again on the way up so this is
the reason that this lines here this is
absolutely normal for uh this period of
the Bull Run we typically have the
sell-offs after the having you have the
having selloff then you have a rally and
then depending on the cycle determines
the level because after the having you
can have somewhat of a selloff or just
kind of like a flattening or you can
have an aggressive selloff but nothing
that’s has happened is abnormal based
off of the trends U you can take a look
at a video I made like last week and we
went over like 2016 and 2021 and
compared the trends but um as of right
now there’s not much of a Divergence
this is all you know uh this is all
highly probable after the the selloff
but the well excuse me after the having
but ultimately these numbers here to the
downside are uh like around the 12 13
cent Mark the 58,000 for Bitcoin these
are all in place those numbers are not
going to adjust just like the numbers to
the upside on the upside when we have
the Ascension it’s still going to be the
next targets are still going to be 18
and 22 to break through and then we’ll
have that run to the 25 and 30% range
now initially um I was thinking that we
wouldn’t have this aggressive selloff
just because of the amount of people
that were coming into the coin and how
aggressive and early we ran uh just
because I was thinking us way well based
off of the amount of retail that’s in
crypto right now maybe we can U have a a
Divergence and create a new trend a new
um level of expectation that happens
prior to having and and crypto so that
it’s not necessarily that aggressive
selloff well that’s not playing out they
still are going to uh have these
aggressive selloff prior to the having
and after the having so right now um
this is one of the reasons we look at
history but as of right now history is
um I’m not going to say it’s predicting
the future but it’s certainly rhyming
with what it has always done for the
previous few Trends which is we’re
getting this Sol so um right now again
if we have like a big Divergence then
obviously I’ll report on it but right
now this is just normal really um this
is not abnormal um the only thing that’s
I’ll say that it’s abnormal especially
for doge
is we the reason I mentioned this here
and the reason I came up with that
theory saying that we may not have that
aggressive sell off is because of this
run right here uh because even if we go
down to let’s say we go to the full
correction here around like 12 13 cent
that is still 100% above where we where
we would normally be historically in
this cycle so there is some Divergence
but it’s just not as much um as as I
initially thought because um this is one
of the things that I I really found
intriguing about this was this run right
here because technically speaking do
should still be at around six to8 cent
until like September through like
November like D should start moving
around that time like like so even right
now we’re still above
like way above like like
110% 120% above where we should be
historically so it’s very interesting
but you know hey again um I’ll count it
because the higher we consolidate and
the higher we have these resting points
ultimately that that can translate to um
a higher number on in the in Peak bull
run right so instead of launching from 6
to 8 cent you know launching from 12 to
15 can mean just that much more to the
top of the coin so you know ultimately
we’ll have to kind of keep an eye on
that but overall nothing major here I
want to point this out the trend is
weakening so right now we have somewhere
between 58 and 60 loading for Bitcoin
and somewhere between I’ll say 12 13
loading for uh for Doge and I believe
that this um historically can play out
for maybe like another couple weeks or
so and then we should see uh and
Ascension here and some retest to get
out of these zones so um that is what
we’re looking at now obviously if we get
a Divergence in some of the bit bigger
charts then we’ll take a look at that
but um ultimately that is what’s loading
for uh for right now so let me know your
thoughts and what you plan to do uh
during this period here if you’re going
to take advantage of it or if you’re
just going to uh wait because you
believe that it can potentially go lower
or if you’re going to or if your DCA is
much higher you’re counting this as a
blessing because you want to be on the
next uptick you want to be in a better
position just let me know in the comment
section um if you found value please
consider subscribing we’re going to get
to 100,000 before Bitcoin and I Bitcoin
is giving me some more time to make this
possible so I’m sharing that with you
guys um please help with that if you can
thank you and I will see you guys in the
next video
[Music]
TR

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