업데이트됨

How To Trade Dogecoin

As always, I like to take a look at the BIG PICTURE.

And for Dogecoin I see a fairly reliable sine wave.

We only skipped one wave at number 5.

Right now, we are at a critical support area, where it decides whether we skip the next sine wave or not.

We could see a basically 100% retracement like we did in the correction of wave 6.

I think O2 is more likely than O1.

And I actually think that if we see O1 and we don’t skip wave 8, that we will at least retrace to the yellow support line.

How To Trade:
Either way if we will see O1 or O2 I will use the same strategy.

I will enter the trade when we break through the 0.786 Fib (orange box)
And I will exit the trade at the 0.618 Fib (green box).

This results in about 55% profit in both cases.

And again I will use trailing stop losses in order to catch tops and bottoms.

More Updates/Details coming over the next couple of days.

노트

This is how I imagine O1 to play out.