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[Ascend]

TA has nothing to do with anything here.

People love saying that, but ultimately, it is pretty much always relevant. That the pullback happened pretty much exactly at the previous all time high on Jan 28th is not a coincidence.
If you look at the image I posted a few posts back in spoiler tags, it retested the line it broke out of, exactly on it, and bounced. Again, not a coincidence. The bounce got rejected at 0.78, meaning that is our new resistance level.

The main time that TA is not relevant is when we just break all time highs. That's not the case here, because we're still lower than the ATH of January. And even when it goes beyond ATH, market cycles at the lower time frames can help with discerning how things are developing. You can't predict the top, because there are no resistance levels. But you can identify if something is parabolic, overbought, losing strength etc.
TA is based on the idea that every news, thought, idea and sentiment is priced in the market, and by looking at price behavior, you can discern what is likely to happen.

It is always possible we simply go higher. But we have a bearish top candle on the 2h. So... Yeah. What I think is likely right now is a retracement to around 0.55 - 0.60 and then another bounce. If it goes below that, the next target is 0.40 - 0.45.

Old and updated chart, without changing the info I posted on it before;

Spoiler

 

[Yoboman]

The Elon tweets are the only thing keeping Doge alive. Irs crashes are as big as its surges. And when the mem value dies off its just a shitcoin that everybody wants out of

 

[Tesseract]

The Elon tweets are the only thing keeping Doge alive. Irs crashes are as big as its surges. And when the mem value dies off its just a shitcoin that everybody wants out of

 

[Burger]

I cashed out of Doge a week or so ago. Average return of 67% which is fine. Getting jealous of these new highs but no way I'm buying.

 

[SidViscous]

I cashed out of Doge a week or so ago. Average return of 67% which is fine. Getting jealous of these new highs but no way I'm buying.

I'll wave to you from the moon, paper hands.

(But seriously, so much doge is held in that single address that the moment they cash out it'll revert to bring worthless, so every time it peaks I'm holding onto my butt that whoever owns that 50% of all doge isn't going to cash out)

 

[Burger]

I'll wave to you from the moon, paper hands.

(But seriously, so much doge is held in that single address that the moment they cash out it'll revert to bring worthless, so every time it peaks I'm holding onto my butt that whoever owns that 50% of all doge isn't going to cash out)

I'm not terribly interested in high risk short term gains. Did it once, was quite stressful but ultimately profitable. I'm much more interested in slowly accumulating a diverse set of cryptos - I think that's where the slower, larger and less risky gains will be.

 

[Irobot82]

Oh man crypto alts are stupid silly right now. I'm about to cash out on a bunch and push them to my BTC stack.

 

[Burger]

Oh man crypto alts are stupid silly right now. I'm about to cash out on a bunch and push them to my BTC stack.

It's on the back of Tesla announcing they spent 1.5 B on bitcoin...

 

[Thomish]

Seriously hate how much power Elon has on the crypto market...

 

[Ascend]

Why.. why would he do this.

Greed, over confidence... Dude heard a rumor of a 'Dogecoin Commercial' during the Superbowl... like, why run with that outlandish idea.

86k in at... .083

What do you do? Eat a giant loss?..or HOLD and pray it moons

I kept telling him, if your gonna go big, make it only go in MAX 10k ever again.. He made 36k since the big run on the 28th. Now is just bleeding it.

Welp, if this shit tanks I'm gonna be getting some OT when he ropes.

It looks like he will be bailed out a lot quicker than expected. We reached 6.2 cents and bounced back and are fighting to break 8.3 cents.

 

[Delf]

It looks like he will be bailed out a lot quicker than expected. We reached 62 cents and bounced back and are fighting to break 83 cents.

Yeah, he shot me a text as soon as it popped to .8

Dude keeps saying he's going for 10cents.

Id take the like 70k out asap. Leave that 16k in to go to 10cents.
Greed is a motherfucker.

 

[Ascend]

BTT is flying.

 

[haxan7]

It's on the back of Tesla announcing they spent 1.5 B on bitcoin...

yep

Tesla buys $1.5 billion in bitcoin, sending its price soaring

“I make jokes about Dogecoin, but they are really meant to be jokes,” Musk said.

arstechnica.com

also

The price of bitcoin rose to a new record above $43,000 on Monday after Tesla reported that it had purchased $1.5 billion of the world's most valuable cryptocurrency. In a regulatory filing, Tesla also announced that it expected to "begin accepting bitcoin as a form of payment for our products in the near future."

 

[Ascend]

 

[{insert code here}]

Bitcoin looks like it wants moar of that magic paper money.

Also, bitcoin dominance popping up over 2.5%.

 

[DonMigs85]

Safepal looking like a fairly safe bet on Binance. I think this can easily 4 to 5x or more in the coming weeks

 

[Relativ9]

Anyone know anything about eGold? Buddy of mine bought a bunch, had a quick look and it looks like dogshit to me when compared to it's competitors.

 

[DonMigs85]

Why is BTT pumping massively

 

[Azzurri]

Looking to buy some ADA, seems like it could pump hard.

 

[Ascend]

Why is BTT pumping massively

News-wise, I have no idea. What I do know is that it looked like it was going to do that in the charts. QTUM has the same setup right now, but has not broken out yet. I'm patiently waiting for it. Other coins that have a similar setup are;

ONT
NULS
NEO
MITH
EOS
DUSK
COS

They are not guaranteed to do the same thing. The charts simply look similar. It is completely possible for them to simply remain low value, but I do think they will break out eventually.

As always;
Not financial advice

 

[PSlayer]

I bought 12k BTT before the blow up(it was $0.0003) and then more 11k when it was $0.0007. Should i hold GAF?

 

[Ascend]

I bought 12k BTT before the blow up(it was $0.0003) and then more 11k when it was $0.0007. Should i hold GAF?

As long as it doesn't drop below 0.0011, you should be fine.

 

[Hnjohngalt]

Im in with atom and algo. So far im doing good with those. Not great but good

 

[DonMigs85]

Glad I bought some SFP when it was just $1.1. Deliberating if I should sell now or wait and see if it gets to $5 to 6

 

[Yoboman]

I got on the WINK train yesterday and got out at 80% gains

Should have got out at like 130% but tried to ride the dip too long

 

[Yoboman]

Why is BTT pumping massively

I think it was a regular pump n dump but name recognition brought in all the normies to help it sustain gains and keep pumping

 

[GHG]

How long before MUSK coin?

 

[Tesseract]

How long before MUSK coin?

 

[Yoboman]

This would legit be a great memecoin name

 

[Tesseract]

This would legit be a great memecoin name

 

[DonMigs85]

was expecting SFP to keep going to $5+ but it flatlined for now so switched my profits to ADA. But man BNB keeps going. Hopefully ADA's Goguen update in March triggers another pump

 

[Ascend]

And QTUM just broke out, as expected. If we break 8 dollars, the next target is 13 dollars.

 

[DonMigs85]

And QTUM just broke out, as expected. If we break 8 dollars, the next target is 13 dollars.

did they unleash any good news?

 

[Ascend]

did they unleash any good news?

Not that I know of. I don't generally follow news, just the charts. If the news is big enough I'll hear it anyway. I come from the perspective that all the news and sentiment is reflected in the price action, so... Yeah. But I'll take a look as I'm typing this..

Nope... Nothing out of the ordinary.

 

[DonMigs85]

Not that I know of. I don't generally follow news, just the charts. If the news is big enough I'll hear it anyway. I come from the perspective that all the news and sentiment is reflected in the price action, so... Yeah. But I'll take a look as I'm typing this..

Nope... Nothing out of the ordinary.

Just odd that a long-stagnant coin would suddenly start to pump, but such is the crypto market

 

[Ascend]

Just odd that a long-stagnant coin would suddenly start to pump, but such is the crypto market

I've generally given up on looking for real world explanations and I try to discern the result of human behavior instead. I think people will start looking for coins that did not break out yet, see those as a good investment opportunity, and they start buying it. Then, the price increases a bit, more people notice, and suddenly a bunch of people are interested and the price pumps. At some point you forget even that, and you only look at patterns in the price and charts.

I bought BEAM recently too. Let's see how long it takes for that one to break out, if it does. The investment I made in this coin is a mere 0.1% of the total value of my portfolio, so, I will barely notice it if it simply goes to zero. On the other hand, if it goes up 10x or more, then suddenly it's a 1% gain or more in my portfolio. It doesn't seem like much, but it's already higher than what I get per year from the bank in interest. And I'm up 21% already on the coin itself, without it really breaking out.

 

[Bunker Hosted]

Just odd that a long-stagnant coin would suddenly start to pump, but such is the crypto market

Why is it odd? Have you not read the last 25~ posts in this thread? Pretty much every single one recommending random coins, people don't care about the network or what the team is doing. People will buy absolute shat if they think its gonna go up, and I have a feeling this is only the beginning..

 

[TBiddy]

Why is it odd? Have you not read the last 25~ posts in this thread? Pretty much every single one recommending random coins, people don't care about the network or what the team is doing. People will buy absolute shat if they think its gonna go up, and I have a feeling this is only the beginning..

Crypto is the new dutch tulip mania, imo.

 

[Ascend]

Crypto is the new dutch tulip mania, imo.

Not yet. At least not for Bitcoin.

Based on the stock to flow model, BTC is pretty much on track with its price. Its "fair" price will be around 85k in May, and by the end of the year, it should be around 90k. Right now it's 40k, and we're at 46k. Slightly overextended, but nothing worrying.

In case you don't know what the stock to flow model is... In short, the stock to flow model compares the amount of coins in existence with the new supply of coins. By calculating how long it would take to double the amount in existence based on the new supply, you get a number, and the higher it is, the more valuable the asset is supposed to be. The same is used for metals like Gold and Silver to determine its rarity and therefore its 'fair' value.

 

[Hnjohngalt]

Bless my Porfolio! Algo just popped up .30 overnight!

And Holy cow at GRT!!!

 

[Bunker Hosted]

Crypto is the new dutch tulip mania, imo.

Yeah that is a bit ignorant if i'm being honest.. Tulips are literally a flower the grows in the ground; Bitcoin is one of the most secure networks in the world, not to mention a global payment network at that. Seems to me you just haven't taken the time to understand why Bitcoin is still around.

If you are throwing other crypto currencies into the same basket as Bitcoin, it proves you don't understand the value of Bitcoin. That, or you're willfully in denial about learning why its valuable.

 

[n0razi]

Holy shit ALGO.... I've been sitting on that for over a year now lol

 

[God Enel]

I have a coinbase account and watched only the "earn videos" of different coins. Never invested a cent over there. Now im sitting at 200$ of coins. lol Took me basically a minute to click through all the questions.

 

[n0razi]

I have a coinbase account and watched only the "earn videos" of different coins. Never invested a cent over there. Now im sitting at 200$ of coins. lol Took me basically a minute to click through all the questions.

Imagine if you had actually put in some money

 

[God Enel]

Imagine if you had actually put in some money

pssst....

 

[Ascend]

News in January;

Two of the Biggest Bitcoin Whales on Record Are Moving Millions in Crypto to Coinbase - The Daily Hodl

Crypto whale watchers are tracking two massive Bitcoin holders who are sending large amounts of BTC to Coinbase.

dailyhodl.com

News in February;

Bitcoin Whale Moves 2,292 BTC from Coinbase | Finance Magnates

Bitcoin whales are moving large amounts of BTC as an anonymous crypto user moved 2,292 BTC from crypto exchange, Coinbase to an unknown wallet.

www.financemagnates.com

 

[Hnjohngalt]

News in January;

Two of the Biggest Bitcoin Whales on Record Are Moving Millions in Crypto to Coinbase - The Daily Hodl

Crypto whale watchers are tracking two massive Bitcoin holders who are sending large amounts of BTC to Coinbase.

dailyhodl.com

News in February;

Bitcoin Whale Moves 2,292 BTC from Coinbase | Finance Magnates

Bitcoin whales are moving large amounts of BTC as an anonymous crypto user moved 2,292 BTC from crypto exchange, Coinbase to an unknown wallet.

www.financemagnates.com

I've been watching a few guys on YT like bitboy and TMG and the consensusnis that bicoin is gonna reach 100k by august. I rhink citigroup leaked that they expect 300k by Xmas. Not sure if that could happen. All i know is that theres plenty of money in Alt Coins now. Im new to cryptocurrency, yet so far im up 60% my stocks are barely 5%.

 

[TBiddy]

Yeah that is a bit ignorant if i'm being honest.. Tulips are literally a flower the grows in the ground; Bitcoin is one of the most secure networks in the world, not to mention a global payment network at that. Seems to me you just haven't taken the time to understand why Bitcoin is still around.

If you are throwing other crypto currencies into the same basket as Bitcoin, it proves you don't understand the value of Bitcoin. That, or you're willfully in denial about learning why its valuable.

I could turn out to be wrong in the end, but as it stands right now, it looks more like a pyramid scheme than something that's actually useful. I did make a decent amount in the last spike, when everyone was going crazy, so it's not like I'm opposing it.

There's so many shitty alt-coins out there, and it's obvious that a lot of them are pump and dump schemes. Eventually bitcoin might be a 'trustworthy' alternative, but as it stands right now, I maintain that cryptocurrencies (and that includes bitcoin) is more speculative investment than something that is useful in real life.

 

[Synless]

How do you determine what coin is worth a damn versus a shit coin? Because I think it is pure luck if someone just happens to start buying the damn things based off my observations of this currency.

 

[Bunker Hosted]

How do you determine what coin is worth a damn versus a shit coin? Because I think it is pure luck if someone just happens to start buying the damn things based off my observations of this currency.

You have to know what you are looking for, you have to remember that all coins have some sort of ecosystem behind them. People generally forget this as their coins just sit on exchanges and they watch the price go up and down.

Can you actually do things with "x" coin? Does "x" coin have a legit team behind it? Is "x" coin trying to solve a problem you think is worth investing in? Did "x" coin just yoink their code base from another project who is working on the same thing? Does "x" coin refer to themselves as a shitcoin? (Justin Sun *cough cough*)

It is pure luck if you are just buying random alts, but A LOT of effort is needed to spot these coins before they become popular. Not to mention, people don't understand the value of bitcoin; this causes them to go buy random shit coins that they think will replace bitcoin.