DOGE unleashed from da' f*ckin' triangle!

23 мая 2018 г.

DOGE seems not to be tangible on any of the typical chart analysis tools - triangles, channels, horizontal supports & resistances and all you learn in your dirty hell boring old text book! It is however reactive AF!
You also can not put DOGE on the short term - Highly swinging, no supports other than the zero - That f*ck of a f*ckin' indian jungle fly stinging your ass where it can in da'f*ckin' rollercoaster mode! WARRRRRRR!

Finding now through above shown jungle of an untypical liana chart view, I lead by some major demarcations:
1st BOTTOM: We look to some bottoming reaction trends (black lines, green+red arrows)...
2nd TOP: We look to logarithmic extrapolated highs catching trends (green and red curve)...
3rd RIGHT: We try a fundamental outlook (blue)...

BOTTOM:
After each top (green & red 'X's), we saw lower reaction highs (red down-arrows), setting up an each clearly defined downtrend (black lines).
After then each following NEW TOP (blue breakout up-arrows), these black trends defnined the bottom of the next subsequent downtrend (green up-arrows).

TOP:
You can try to scale DOGE between logarithmic and linear, back and forth, you'll see nothing but a joke in your face.
So we build our own logarithmic fly swatter!
For that we need at least 4 tip points on which we can line an arc on (try to do with only 3 - you will fail on drastically different outcomes on the long term end of an arc by moving your f*ckin' hell of a mouse or finger just a bit on that arc-handle).
So what I've done? I've put the first real reaction high (golden 'R') as the start reference price finding high (all before in golden area is defined as initial sell-off price finding range). And from here we concatenate:
- Higher Highs (green arc)
- Reactive Lower Highs (red arc)

RIGHT:
From that we dare an outlook.
You call it paranoid? I call it fundamental analysis.
Considering (I'm not joking! - that's fundamental analysis my friend) a come-back of surpressed Chinese crypto strength, combined with the real Chinese Year Of The Dog from Feb-16-2018 to Feb-04-2019 hyping the shit of a speculation, we can mark a first reaction Higher High in a typical strong autumn month like September, followed by a second full reaction Higher High in February 2018 right by the end of the Year Of The Dog. Subsequently, to fill the fractal, we will see a new Lower Reaction High on the red arc again.
A detail in the next upcoming reaction could be what is marked in golden up-arrow possibility, in a way of another test to the latest downtrend. This gets significance as it would range into the area of strong and cheap rebuy of big players at ~<20 satoshis, before spring to green arc's target marked golden cross.