Doge, This Happened In 2016, 2020, & 2024 | Dogecoin News

Doge, This Happened In 2016, 2020, & 2024 | Dogecoin News

Welcome Back YouTube so um if you watch my last video I made a video a few days ago and I was talking about the fact that we were going to grab reach for liquidity uh for Doge that means 12 to 13 cent which is what I titled the thumbnail on the video and for Bitcoin that meant around 58,000 Mark now as you know we’ve obviously hit those numbers so the question is where’s the bottom going to be and what does this mean going forward into the uh the bull market so I wanted to explain a couple things because I believe it’s important to put things into perspective when it comes to the prices that we hit over the last couple of months where we are now and where we’re going so the biggest thing and what I uh want to start with are the prices that we hit um over the last couple of months we’re going to start with Bitcoin then we’re going to go into Doge and draw the comparison so the things that were unique about this cycle was the aggressiveness prior to the having right um we hit an all-time high on bitcoin uh we if we take a look here at Doge uh we had so two things that H that happened during this cycle that we’ve never seen before that gave a hint of how aggressive this capital is and it’s obviously it’s not uh retail pushing that we’re talking about Bill hundreds of billions of dollars here um and the first thing is Dogecoin uh well excuse me Bitcoin hitting an all-time high prior to the hav right uh Dogecoin all right we’re going to take a look here and compare that the tear that we had had um not only did we run alongside Bitcoin prior to the having which has never been done before but we’ve also this period here this aggressiveness the initial breakout where we had roughly around nine green days consecutively right this is a daily chart we’ve had nine green days consecutively and then we went on to do a test um at around like 2286 roughly around 23 Cent right um so about we had about a 300% rally now the reason that uh even when it comes down to this price aggression and saying okay hey where where’s the top going to be you know where we’re going to hit 30 Cent and stuff the reason uh that I was cheering for these coins especially initially when I was talking about the fact that there was a Divergence in the aggressiveness and at how early these coins were running is when you have the the having dip uh the preh having dip and that kind of stuff what things that which we’ve talked about it matters about that initial runup right because in order to have that dip typically you have the runup but how high you run up the aggressiveness of how high you run up it’s it’s almost like a foreshadow for what happens during that run right and we’ll take a look here at history in a moment but the obviously the higher those numbers are the higher the consolidation is going to be right and the higher the consolidation is going to be the higher the the the bottom is going to be from where it would have been normally and of course that kind of translates into where you end up during Peak Bull Run so you know it’s better to obviously have to run to 22 Cent have the bottom at 12 or 13 and then run to the all-time high versus what would historically happen is Dogecoin would have been moving right now and it would have been somewhere between six to8 cent we would have had this selloff at around uh we still would had this sell off with Bitcoin because that Bitcoin ethereum that those would have been the only coins running and Doge would have dipped down to around 4 Cent uh somewhere around there and then we had that initial run up from there to we when altcoin running we’ have that run up after uh somewhat I say somewhat maybe like September through October we’ll typically get that run and then we’ll run that period through the last half of the uh the bull run but obviously we’re running a lot earlier now and a lot more aggressive so this is a much better uh position so the um those numbers really matter as far as for the where we ran during the run and where we are now now the pattern that we’re seeing here the reason I think this is really important because a lot of times people are say oh the coins is dead and stuff like that we we we need to a get that uh deal with that level of some because sometimes I believe it’s trolls and then sometimes I believe that’s people that mean well but they’re obviously just ignorant of cycles and sometimes people they focus only on what they’re invested in and kind of ignore the world so for those of you this in case this is your first video watching or you didn’t just or you simply just didn’t watch the video where I covered the three things that affect the market the three things that affect the market are obviously going to be U Ma grows um a a specific whale or a catalyst for let’s say like Dogecoin like we had when that whale sold like 83 million coins stuff like that or a Bitcoin selloff which causes an evaluation reevaluation of institutional percentages that they have allocated to certain coins so if they say that hey we’re not heavy enough in Bitcoin you’ll see some sell-offs to kind of raise Capital so I they can take positions or they say hey we’re too heavy the macros aren’t looking good you’ll see that adjustment as well so these are all things that affect not just Dogecoin but obviously Dogecoin is affect it’s a top 10 coins so that allocation uh certainly gets affected but those three things are going to um affect price so obviously uh sometimes people believe that oh the coin is a coin specific thing and it’s not right so I’m going to pull up this chart here this is what I like to do to show the patterns that we’re seeing here right because even here we’re more so in neutral for the entire market so which is um we’re not in extreme greed anymore but we’re not in fear so this means somewhat that stability is uh setting in we’ll take a look at some other charts here in a moment but I want to point out that these chart patterns this is what you want to look for if you ever wonder if there’s a Divergence or if something specific is going on with your coin or with Doge or something like that you can come here coin market cap it’s free take a look here at these graphs and see if it’s a Divergence here right so take a look at the chart patterns and see if they’re lining up as long as the institutions are pulling money money at the same time putting money in at the same time in a similar fashion you are on track with the market there’s no Divergence so you can cry and scream and say Dogecoin is getting picked on all you want but it’s not this is not a Dogecoin exclusive thing here it’s simply not getting picked on um you can see these charts here like with all these coins they’re very similar almost identical and if you want to believe that retailers are doing this and aligning um you know if you want to believe millions and millions of people coming together and aligning themselves and pulling money at the same time and putting money back in at the same time and it’s all a coincidence that’s your business but um you know for those of us that have done the research we’re going to believe that this is a few institutions that are swapping money around and creating these identical patterns here so your coin whether this Doge or any other coin that you see on this list if it’s following this pattern it’s not being picked on right um ethereum here even here you can see that there’s some slight aggressiveness and you can do have retails obviously playing in this market as well because this calendar this chart here everybody’s in it right but when you’re talking about sways of you know like here we’re dealing with $33 billion doll in the last 24 hours uh even for Doge here over a billion dollars in the last 24 hours and then you look at the wallets and the average uh amount of coins per wallet the average dollar amount per wallet you’d have to be insane to think that retailers are dumping these coins or coming in or this is retailers doing so um please just do a little bit of research and you’ll get some answers before you start um leaving comments like that or making uh suggestions it’ll it’ll it’ll certainly become uh clear we want to take a look here at let’s go back to the Chart here before we get into long shorts all that kind of good stuff so for Doge what we talked about was around this 12 13 cent Mark which is where we’re holding pretty nicely here we got some solid rejections on the biggest thing is where Bitcoin is going to hold up at around that 58 56 to 58,000 Mark that’ll determine how well U we hold here as far so retailers they’ve certainly been buying that’s what these long Wicks are uh this is what these pushies are because it actually came down here but we didn’t close we closed it around the 12 13 set Mark um typically we’ll have those zones because where Dogecoin likes to close is around the 15 cent Mark now obviously you have those huge Catalyst that can um push the coin down but typically that’s why you see the aggressiveness in these candles here when we close below that 15 cent Mark um and we have these sell-offs that there are um aggressive buys that take place and you start getting these really long Wicks on the candle on the on the candles here that pushed the price up and you will see kind of like where the market is pricing in U that equilibrium so for here um this support level is going to remain intact unless we get a further breakdown and Bitcoin somewhere probably around like 56,000 um so we’ll take a look here at um the the longer chart here in a moment but it makes a big difference as far as for where you’re a if especially if you’re trying to get in it’s going to make a big difference as far as for where um that bottom is going to be so here obviously we have this around like the 58 Mark which is what we’ve been talking about 58 59 and we had this the same similar price action where we having this pushup here the biggest thing is where this candle closed that because when I did this um when I put this line here this was the math of around like 40% or I did the the calculations between a 2016 and 2020 run and gave like the average um Range that Bitcoin pulls back after having prior to that uh that climb and then that that transition into Peak Bull Run so that’s roughly where we are now um I would say if you’re looking to say okay is it potential for us to get to further downside we can look at that at around the low 57 Mark High 56 and then we’d be looking at a drop probably to somewhere around like the middle of the 50 rang or so depending on like if obviously what’s driving that but we’re just talking about simple supply and demand that puts that but either way right now we’re about 3,000 above that and the market is showing neutral um so not necessarily extreme fear going on so that’s just depends off of um what the big boys want to do when it comes to uh allocation so for shorts and I want to point this out shorts did not play a role they’re trying to come in now to capitalize off of this but even now you’re not seeing the bigger candles because these candles as I was talking about on uh on X and in the community section shorts came in later they weren’t um they weren’t jumping in on this uh prior to this wasn’t like necessarily like shorts doing they kind of piled on it once the the coin started like us once the market started selling off but this is this isn’t shorts doing they’re trying to capitalize off but even now they’re not showing much confidence because if they believed this was going to go down they would have been putting up candles something like this in uh these positions here so right now even here they thought it was going to go uh this here was basically like the opposite of what you would see for like a positive candle so this is them piling in and but them closing lower because they changed their mind throughout the day and this is that that very low movement kind of what we’re talking about with the grabbing liquidity for the candles when the candles get weak we were talking about U the fact that they would uh be this would be on a short chart this would be showing lack of confidence as far as for the direction of the market so right now they’re trying to capitalize on it they believe there’s a chance that it can go lower but they are not the reason that you’re seeing this uh this dip here they’re just trying to capitalize off of it because the only way you can say allude to say okay well this is short pressure doing this is if the shorts if you see these big spikes prior to the dip if it happens after the dip don’t give the shorts more credit than they due uh because that was not um it was not they’re doing so you don’t want to never give them more credit than what they are do because technically what one of the things that they capitalize off of is fear and the market so that they can inight fear and cause the market to sell off after so you have a non-organic sell off and then you can actually produce fear then you can have um an additional push down in price and then they can kind of come in later like they’re doing now and hope they can recruit some of that uh some of the money that they can come in and take a profit so we’re not helping them out in that regard uh we’re going to take a look here I want to talk about 2016 2020 2020 uh 2024 what we’re seeing now just to kind of go over everything and show you that this is normal nothing nothing yet has happened that is abnormal um bitcoin’s climbing back this is let’s go to all pull this data here and I made a post the other day um matter of fact sorry about this jumping around but I think it is relevant to to point out because it’s very important to kind of put things into uh perspective here um when we’re looking at charts to get an idea of let’s see here trying to copy and paste the link so that way it’ll be a smoother transition there we go okay so this is what I posted yesterday I said Remember When dos dropped from 5 Cent back below a penny and was struggling at around 2 cent remember when BTC dropped from 17K to 3K all before the big runs of that cycle so if you guys are wondering I’m talking about the Cycles I’m talking about 2020 and 2016 right those Cycles where we had the big run up before and everybody was calling the bottom saying that it was all over and then uh that was it turned out that that was just the beginning uh the reason you cheer for the initial run is because it sets the marker for the cycle tune out the BS both of these assets have multiplied the initial runup many times 100% of the time since their creation please don’t get short-term targets mixed up with long-term targets if you’re longterm the only reason to pay attention to short-term noise is for increasing position imagine watching your 401k or Vanguard account and panicking every fat meeting or drop you wouldn’t do that the best thing retail can learn about crypto is to pay attention to the cycles and adjust their mindset from shortterm to long term your mindset needs to match what you’re doing in your portfolio unless you are day trading no there’s unless you’re day trade no need to fret if this bothers you as soon as you hit profit you should probably get out these ups and downs are nothing compared to what’s going to come what I mean by that is that we’re going to see uh some extreme volatility coming once we hit some of these higher numbers once the market gets really going I and those of you that were here in 2020 2021 you know better like you you know about the swings here I know it’s exciting when it’s uh when the market is mostly going up but you know about these swings here there’s no no there’s no need to have uh Amnesia and pretend like oh okay the Market’s only supposed to go up I can’t believe we’re having a pullback there’s at no point in time even during Peak bull run where we’re not going to see extreme volatility so you know better if you’ve been here um since the last cycle so um I know impatience can play a part but um there’s no need to pretend like uh you were in a situation unless you got in like the last week or two of The Bull Run um then you certainly saw the ups and downs especially on the daily candle you can do this here but if you’re looking at like the hourly and stuff like that that thing was up and down like it was a roller coaster but overall let’s get into these prior price action here I want to what is this okay that makes sense I want to do this so 2016 we are let’s go to having let’s go somewhere around May or whatever okay so uh BTC is around $5,000 right and the 2016 uh the initial runup where is where you had the run up until let’s say say um 2000 let’s see uh so around June you’re looking at around $2,600 and you had this initial run up here to around 3,000 some what a sell off back down to like seven and and remember this is let me zoom in here because I don’t want to miss out on any of the meat here because sometimes the time frame because over time these these Peaks and valleys look like they nothing but during the moment it’s extreme Panic going on here so we had a lot of sideways movement here right going in 2017 we had a Peak at around $4,000 and dipped down to around 3,000 so we’re talking about 25% dip down in 2017 a run up again and then a big dip down to um the what is this around $5,000 right and then we peaked at 19,1 one8 right and then of course uh we had the consolidation period uh the people that bought there would have obviously said that it was over went down from1 19,000 1888 to around $3,000 right then we had the run back up in what was this right up to right before 2020 to around 13,000 right this is prior to the having right this is this is just going to keep this in mind this is the run up prior to the having running up to around $133,000 didn’t hit its all-time high at that time but a big run up and then you had the selloff right all through the having period after the having not doing much pumps dumps all that kind of good stuff and then you then you got into the groove of this Ascension here and even then you still had some big sell-offs and and I’m not even zooming in to show you the extreme volatility that’s going on this is more so of um what I’m looking at on like a this is like a 30-day chart here so you’re not even seeing the extreme swings really but you’re you’re getting an idea of the speed at which this kind of happened it wasn’t necessarily quick even on this uh candles here but you saw that the fact that they have sell-offs and the gradual Ascension right it was not a smooth transition you’ve seen that the coin go from 19,000 back to three to 12 from 12,000 back to five we’re talking about 50% plus Cuts here and at any time if You’ have been in that moment and you know if you’re complaining about a cut from 18 Cent to 13 cent I can only imagine getting cut from $199,000 to $3,000 or from 12,000 to $5,000 right um so you have to kind of keep in mind like like I said in that that Twitter chart if you’re longterm you your your mindset needs to match that and say okay historically when do these coins perform best is it normal for us to be having this volatility now and um based off of where we uh where we are in the cycle and then where what typically happens at a later point in the cycle that’s really what matters the the best thing that would happen was kind of like what I said in that U that Twitter post that X poost which was the reason you cheer for those coins to set that higher high is because that sets the the marker for the run right you want like prior to the having you want those to hit you know 20 cent 30 Cent 50 Cent all that kind of good stuff you want it to go as high as humanly possible prior to the habing so that you that can set the market because typically well not even typically 100% of the time thus far in the market these coins have performed uh multiples of what they did prior to the having so that that’s the part that uh excites me so let’s compare that overall to um do so let’s go back here because I want to show you I show you with Bitcoin I’m going to show you with Doge because people like to have shortterm Cycles here short-term memory and say oh it’s just it’s just do excuse me this is it trading view uh it’s just Doge uh you know doge is getting picked on that um doge is a trash coin it’s only happening in Doge and then literally every coin is following the exact same cycle like I’m I’m going to start saying show evidence of your uh when people say oh doge is trash and this is is doing this here I’m going to start to say show me evidence of a coin not show not showing a identical pattern right now right because prob people like to do price action and compare a supply and demand coin to a currency but I’m talking about the actual tone up the market here you’ll see the uh comparisons right and the the unique thing is this is prior to Doge even going mainstream uh because now um because I believe 2024 will kind of mirror more of 2016 compared to um 2021 2020 it’s because it’s being more organic but overall you’re going to get similar price action right so let’s go back to let’s say am I do uh 20 let’s go right 2016 I want to show the ups and downs here all right so yeah this is technically where it gets to the good part but you can kind of see like the Flatline during the 2016 run uh this is would be around Bitcoins having up here uh you see the price here 0 237 uh volume on the one volume on a 24h hour was less than a quar million dollar we’re talking about like $127,000 in a 24-hour right 2017 rolls around we’re talking about 53 U million 88 in a 24-hour period I don’t even want to do the math on that but I’m I’m pretty sure that’s like um let’s see from 100,000 to 53 10 per million um what is at like 5,000% 50,000% so 5,000% so we’re talking about a huge increase here overall in the pricing but but the biggest thing that we’re going to talk about here is the fact that this is trending along with Bitcoin and this is when Dogecoin I want to say it was a was a nobody but it wasn’t certainly wasn’t a top 10 coin uh like 90% plus of the people of that’s in the coin right now didn’t know it existed at that time this is before Tik Tock before Elon um it was still following the pattern of Bitcoin so even with Dogecoin not even being probably not even a top 100 coin at that time uh probably top 50 coin at that time we are seeing it still mirror the trends of Bitcoin so if you’re seeing that if that happened then and then we’re seeing it this peaked what is this 2018 at 23511 million in 2018 uh getting to 1711 on the prank 0711 on the price heav KN so still trending along with Bitcoin so as Bitcoin is going from 177,000 to 3,000 to 12,000 to to five it doco is still chugging along liquidity in the market is still following those price that that price action and then people are worried about a Divergence now in the price now that Dogecoin has more followers than ever now that Dogecoin is growing on the monthly basis the number of wallets is hold that is of holders now that Dogecoin is a top 10 coin they’re saying oh this is when we’re going to get the Divergence not when nocoin was U wasn’t even thought of as far as the mass market and didn’t even really have liquidity didn’t had absolutely had zero utility anywhere wasn’t even being talked about that much besides like on redit now we’re going to get that Divergence like you have to kind of put things into uh perspective otherwise you’re going to be uh be talked out of your positions here uh especially listening to the tone of the market or from people that shouldn’t be and crypto anyway and should probably probably be investing in index funds and and Vanguard accounts so liquidations uh 24 hours 3.1 uh long liquidations 1.2 shorts are leading liquidations right now um long short ratio has not changed much despite price action it is still overwhelmingly long 5 minutes 73 to 26 30 minutes 73 to 26 1 hour 73 to 26 4 Hour 7 74 to 25 and one day 74.99 to 2.03 so almost a literally about three to one across the board has not changed much at all uh over the last couple of days let’s check the oi and see I think we’re around one point let’s see yeah so still hovering around what is this like half a billion um we yeah I don’t think we’ll we’ll probably start to see a peak in that once we get like above 15 cent again it’s still up 18% on the day um right around 580 million on uh open interest binance leading the charts on that um I don’t think we’ll see that billion Mark until we get around the 18 Cent Mark or until um Bitcoin probably is around like 65k again and then we’ll start to see that extreme bullishness in the uh the opt but right now the ones that are coming in are still long it’s not uh making a a huge Divergence between that and price action um people are still despite the price action 18 Cent they’re still going long at 13 cent they’re still going long that’s the question as far as for where uh the bottom is being priced at so as far as for the entry and uh coming into the coins um where the bottom is all that kind of good stuff like lot the questions and things that you’re seeing the biggest thing that you’re going to to uh look for is what are the macros seeing are we going to get U some Divergence in the uh the crypto Market from uh fed rates I know we had a big scare and and they kind of remained unchanged so now we’re seeing stability kind of come back into the market from uh the power announcement and the rates being unchanged and whether or not we’re having like macros rewards and stuff all of that and I’m not saying it doesn’t matter all of that is it has what what I would call shock value in the market right it’s kind of like uh if the CEO of a prominent uh company did was involved in some kind of Scandal right yes it can affect the market for that day maybe even a few days or you know leadership if this is the CE going to step down all that kind of stuff you can see the sways in the market but overall it’s just a little blip on the radar and it doesn’t change what’s fundamentally going on with the company and it doesn’t change what’s fundamentally going to happen over the long term right the cycle has is a historic 18 months it’s not in um a a trajectory where this is where it needs to go I can understand if Bitcoin peaked at 72 and Bitcoin was still running and Bitcoin was like over $100,000 and Dogecoin is going the opposite direction yes that would be um a cuse for concern but there as far as for like we saw in coin market cap the charts uh ascending and descending together uh the entire Market having a sell off like like like simultaneously and now we’re saying that oh okay so not the entire Market is screwed not Bitcoin is screwed not ethereum is screwed but just Dogecoin like come on guys right so uh I wanted to um just point that out that the chart and it kind of get some history as well just to kind let you guys know that um historically there there still isn’t any Divergence we’ve all seen this before we’ve seen these dips we’ve seen plus 50% cuts on um coins uh before the initial runup um the thing that I was kind of hoping would save us from such an aggressive cut was the initial aggressiveness of the runup and I was hoping that can kind of provide a cushion where we wouldn’t see an aggressive selloff like we did historically and it’s turning out that may not be the case we may still get that aggressive uh selloff regardless and just just can let you know a 50% cut on uh Doge excuse me on bitcoin from 72 would put Doge I mean Bitcoin around 35 to 40 ,000 before the runup so even if it went that low that is still historically within normal within the normal state of what happen so you know even so we’re talking about 50% cut in Doge U Doge would typically um we we see more aggression uh to the downside but even then I’ll still put it somewhere between like 10 and 12 um but even now with the Wicks that we’re getting um it’s hard to say if it’ll go that low because we typically have uh the bigger numbers on the sell-offs and for like these coins and the lower that they go because people know where we are in the cycle aggressiveness with the buying orders comes in and we typically are we we may hit those numbers but it’s only like for a split second what you consider like a flash crash or um we get that number and then we see like a bounce back up just because of the amount of volume that comes in at certain numbers so um I wouldn’t necessarily try and time it but if you are say looking at the charts and you’re like hey you know what that makes sense this historically has happened and you’re saying um okay well since we had this initial runup um where the pools I have an idea where the pools of liquidity are at least for the next 10 15 cent I want to make some entries now these are great positions here based off of the charts so the charts are not God but they certainly help you from just saying I’m just going to see what happens it’s a um it’s putting some fundamentals and taking a look at pools of liquidity and seeing where um things are likely to happen as price action it’s like uh it’s more so instead of just saying I’m taking a gas it’s taking the educated gas based off of you know history and price action price action and bundling it all together so that it makes sense and uh you can have a more sophisticated way of investing so history certainly plays a part and right now we are in alignment with that so I hope this video makes sense and hop it provides some uh value for all of you so you kind of get some perspective on where we are in the cycle and where we are going forward and the fact that this has happened 2016 2020 and again in 2024 this is nothing new so if you found back in this video please consider subscribing to the channel like the video help us get to 100,000 subscribers before Bitcoin gets to $100,000 I appreciate all of you leave me a comment and I’ll see you guys in the next video [Music] [Music] TR

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