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Dogecoin Has Now Headed Down 4 Out of the Past 5 Days

The Hourly View for Dogecoin

  • Currently, DOGE’s price is down $0 (-0.36%) from the hour prior.
  • Dogecoin has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls.
  • As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe.
  • Of note is that the 50 hour changed directions on DOGE; it is now pointing up. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Dogecoin’s hourly price chart is shown below.

The Daily View for Dogecoin

  • At the time of this writing, DOGE’s price is down $0 (-0.57%) from the day prior.
  • Dogecoin has seen its price go down 4 out of the past 5 days, thus creating some compelling opportunities for bears.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe.
  • The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Below is a daily price chart of Dogecoin.

The Latest From DOGE’s Blockchain

  • Over the past 29 weeks, DOGE’s daily large transaction count has been in a clear downtrend, falling by about 6.29 per day.
  • DOGE’s average transaction value now stands at 227485.5559.
  • DOGE has a count of active addresses of 67098, up 2.52% from its value day prior.

Featured Dogecoin Idea From TradingView

Below is a trading comment entitled Nostradamus 101: BTC USD 1 Cycle Ahead 2022-24 you may find interesting:

Prologue – we are in one big shit show so get some popcorn NSFW. TLDR – a 30-minute read that could give you cold sweats Now that I’ve re-read it, it’s a hard read, some things might be slightly out of context, but there is just too much, all I try to do is offer as broad a perspective as possible.It has come to this – our governments have never been more full of shit than they are right now, blaming inflation on who? us? the retail investors? entrepreneurs and producers? Really? Spineless…Before I begin with this educated/emotional rant about Power, Money and Greed – go on Youtube and watch a 3-minute video and let it be our baseline, only then continue reading this analysis – ” Milton Friedman – Only Government Creates Inflation “. Now that you have, let’s begin. Nothing is ever what it seems. Divide everything in half and make your own conclusions. This is not financial advice. I publish this forecast to convince myself that in fact what I perceive and see of the world is no conspiracy but rather a conduluded game. Disgusting to say the least; for a sentient species we are surely primitive savages.Do your own research. Here goes a lot of things you might not want to hear. Sorry to burst your bubble, but someone had to. Chapter 1: We are full of shit ourselves and better realize this soon This first chapter talks about our state of mind and about all the BS that we continue telling ourselves. It will allow us to reflect on how full of ourselves we might actually be; only then do we have the opportunity to be otherwise. People in crypto/stocks/commodities/real estate you name it are so full of themselves (or are so all-in invested) that they do not see beyond their microcosm (or don’t want to…because they do not benefit from it since they are knee deep themselves), hence you get these weird projections that really have no macro basis, sure their projections are applicable to their industry, and many projections are correct (mathematically that is), BUT, they are inaccurate when it comes to the broader picture…and actual global implications..For instance, how can Crypto evangelists talk to me about halving cycles (today) when inflation is actively eating into the salaries of retail investors who now have to use their undervalued fiat to purchase overvalued food (and this is the most basic equation that many crypto gurus do not take into account – as if they do not have a sense of the real world and real people), hence you ask yourself, which retail investors will buy into uncertainty when their very daily life has become uncertain? (basics, as in, affording food, let alone servicing debt like mortgages or otherwise).. and all this makes you wonder……If banks and institutions make money by moving money, and they make it from us the uneducated retail investors, then how will they make money now? From each other? Press X for Doubt. The first step to understanding the state of the crypto market, is to unfuck thyself and take into consideration the bigger picture that is “the Great Reset Agenda” aka “New World Order”…As for the “50% of all BTC holders are now whales argument” – you’ll understand soon enough that it means squat.For now the stark overview of our reality… Chapter 2: The basics of World Order, the Great Reset and all the inbetweens There is no way to keep this short, for it started a long long time ago… this second chapter will focus on some historic context; for once we understand where we came from can we figure out where we are headed….post WW1 the world was somewhat multipolar with multiple spheres of influence (or countries that excert influence in their respective regions: US, Germany/France, Russia, Japan/China), after WW2 the world to a great degree became bipolar (US vs the Soviet Union or Capitalism vs Communism) and throughout the Cold War it was so, until 1992-4 when the world all of a sudden became Unipolar (US as hegemon and absolute material and moral authority in this world – or at least self proclaimed).Ironically enough, even before that, US as any other empire started to over-extended (not geographically, but financially) – since the 1980s when Fiat was born, and ever since the sovereign has experimented with the debt-economy which was only possible due to the Petro-dollar policies, and the notion that all other countries would trade (import/export) through the greenback…this allowed for the dollar to become a reserve currency, and the US economy to boom beyond reason (on the thought of never ending growth and absolute use of $$$)….Now in the early 2000s, a shift occurred, notably because US as the absolute hegemon was sending mixed signals, from one point of view everything was booming (right before the Dot Com bubble) from another, there were serious structural problems that were hidden under the rug, notably the fact that deficit spending was reaching unprecedented levels, and this only meant one thing – more printing, more circulating supply.. but for there to be equilibrium, you need demand… and demand was slowing down (only so much we can trade on the ‘spot’)… until 9/11….What happened next was the single biggest money laundering campaign of the 21st century and a way to keep the dollar strong (by exporting weapons to a war that was not only unjustified but arguably inhumane) – but how? Simple, through loans.. when you manufacture wars and make the disadvantaged party buy your exports, you inevitably create a stable income for the economy, hence economists can now forecast a more favorable ‘future’ price… besides….leading to 2008, FreedieMac and FannieMay – two insurance companies were created, to bail out the same bastard bankers that probably had something to do with the war (hence why many call 9/11 a conspiracy… and sadly, and reasonably sure sounds like one particularly when we hear about the Rothschild involvement in WW2…)… anyhow why say all this? To understand the following: …in 2001 the US went all in in the Middle East (as per their 1980s strategy to destabilize the Middle East and move instability up into the Soviet Union – you can find this in US gov archives….) – what did this mean, this meant that they put all their marbles on the idea that modern Russia would be destroyed and eventually implode on its own weight, thereby partitioned into a dozen puppets through which the US could regain any losses that they might have had, except, Putin came to power, and as a statesman, in the first years of his presidency did a lot to safeguard the Russian ‘state’ – hence what we see today is not surprise….not the 2022 Ukraine war (but that too), but rather….The migrant crisis of 2015 in EU, why? Because two Georgian wars, Chechen war later… all of Russia’s south border became secure, hence instability moved elsewhere, Europe…. and the killing of Gadaffi only expedited the process, and this is withstanding Ukraine so far, this is old news…marinating for 4 decades…Now you ponder, why? Because as long as another major economy suffers, the US will always stay afloat with their printing press… remember, the belief in a currency is what makes it strong or weak… the ‘future’ value of that currency… it’s stability…supply and demand…are factors that suggest it is worth anything…and obviously earnings (as in government spending/earning; profit/deficit)… hence as a sovereign, the US went all in in Iraq/Afghanistan…Now that you have historic context can you understand the following: New World Order was a 2000s doctrine to ensure that the US is the defacto ‘boss’ of the world, not ‘leader’ but boss (there is a difference), now… that failed with the BRICS resistance, and so, for the next decade or so we thought that this agenda is history, until the new version of NWO – the Great Reset (circa 2018-2020 pre-pandemic)…The long story short of this agenda is this: -Geopolitics -War -Pandemic -Famine -Poverty -Uncertainty -Control (body, mind and will)To summarise the agenda and how it came to be you need to understand the Bielderberg Group and WEF – ‘the greatest trick the devil ever pulled was to convince us he didn’t exist’ . The Bielderberg Group is comprised of the richest individuals in the world who meet (literally under a mountain) in Switzerland once a year to discuss the ‘World agenda’ – Clintons, Bushes, Bezoses, Gates, Buffets, Soroses of this world g…

— epiclegendaryman

The post Dogecoin Has Now Headed Down 4 Out of the Past 5 Days appeared first on CFDTrading.



This post first appeared on Complete CFD Trading Guide, News And Analysis, please read the originial post: here

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Dogecoin Has Now Headed Down 4 Out of the Past 5 Days

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