What should I dump money into

Any guesses how high btc goes on this run? I'm wondering if 100k is the mark. I just want to sell high then buy the usual big dip that always happens. Easier said than done, I know!!

JD Shellnut said:

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Any guesses how high btc goes on this run? I'm wondering if 100k is the mark. I just want to sell high then buy the usual big dip that always happens. Easier said than done, I know!!

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I've about decided that other than trading with 10% of my IBIT shares, if it ever doubles or tripples I'll take out a significant chunk of my initial purchase and let it ride

DOGE

Brian Earl Spilner said:

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DOGE

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Diamond Hands

JD Shellnut said:

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Any guesses how high btc goes on this run? I'm wondering if 100k is the mark. I just want to sell high then buy the usual big dip that always happens. Easier said than done, I know!!

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how pissed are you going to be when you sell at $95,000

and then watch it move up to $125,000

https://instagr.am/p/DBG0fogxKuX

Just bought FET

Expecting a big move. It's setup exactly like it was in February.

What is DOGE expected to do? It has to pull back soon right?

Orome said:

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What is DOGE expected to do? It has to pull back soon right?

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It could continue running, but I'd be surprised if it gets over it's all time high.

Let us know when you plan to get out.

How high are you thinking?

Funny I rarely do anything with stocks. Bought like $125 worth of Doge a few years back and finally in the black. Probably would sell soon.

I had $188 sitting in Robinhood and bought BTC a few days ago and that is up like $38.

Obviously this is pennies compared to all of you. I had started playing and then got bored/sucked at it.

AggieT said:

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Let us know when you plan to get out.

How high are you thinking?

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$4.5 would be the first area of resistance. If it blows through that, the chart shows the plan.

Last time I listened to people tell me DOGE was a fake coin and sold for a profit at 10k. Little did I know a year later my profit would have been well over 800k had I held on. I read all the articles saying it would never get to .01 and I kick myself everyday for that trade. I have a few things I'm invested in but my lottery ticket this time is Shiba. If that hits .01 I will have enough to pay off my house by me an old bronco and never really have to worry about money again. Wishful thinking but I'm not selling this time, even if it turns out to be nothing.

Cowbird said:

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Last time I listened to people tell me DOGE was a fake coin and sold for a profit at 10k. Little did I know a year later my profit would have been well over 800k had I held on. I read all the articles saying it would never get to .01 and I kick myself everyday for that trade. I have a few things I'm invested in but my lottery ticket this time is Shiba. If that hits .01 I will have enough to pay off my house by me an old bronco and never really have to worry about money again. Wishful thinking but I'm not selling this time, even if it turns out to be nothing.

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diamond hands

You think DOGE can get to $4.50?

Orome said:

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You think DOGE can get to $4.50?

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I think he was setting potential targets for FET.ai

DOGE going back to ATH is the most obvious trade in any market on earth lmao

Heineken-Ashi said:

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Just bought FET

Expecting a big move. It's setup exactly like it was in February.

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Does falling below $1.28 invalidate the set up? I've been following your posts on the stock thread and trying to learn how to read these setups and set stops accordingly.

Double Oaked said:

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Heineken-Ashi said:

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Just bought FET

Expecting a big move. It's setup exactly like it was in February.

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Does falling below $1.28 invalidate the set up? I've been following your posts on the stock thread and trying to learn how to read these setups and set stops accordingly.

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Simply put - these are blueprints, not predictions, though sometimes a blueprint can play out perfectly. I use key Fibonacci and wave levels to show a high level of support and resistance. WIthin the bigger moves, things can break down in a myriad of ways and can get quite complicated. So try and stay high level. There's a lot of noise in day-to-day action.



Look at the numbers in blue and follow me as I explain..

1. On the largest degree (all time chart) there are 3 major moves. 2020-2021 saw a rise from the all-time low to a top. However the future unfolds, it's clear that this move was the first. So it's either going to become Wave (1) of a larger lightning bolt looking structure, or Wave (A) of a 3-wave upward corrective move. I've labeled it as (A) and will explain why later.

2. In the grander scheme of the chart, this was clearly the second move. And it held the MOST ideal support retracement fib, 61.8%. The Golden ratio. Phi. That area, if it holds, is almost always a buy for me with stop immediately below. It happens far more than a 50% retracement. That low could have been the (2)nd wave bottom, or the (B) of a 3-wave move. I have it labeled as (B).

3. Here's why I think this whole thing is a 3-wave corrective move. And corrective means pretty much anything that is not impulsive. The reason I think that is because of what has transpired for the entirety of the action from that (B) low.. it's been choppy and overlapping. To be impulsive, it would have needed to get above the100% green Fibonacci extension level at the top and then hold above 2021 top on a retracement. Instead, it barely made a new high short of the 100% green extension and then fell back below the 2021 high. This indicated that everything off the (B) bottom is taking shape as a choppy 5-wave diagonal move within the larger 3-wave structure. So 100% green becomes the ultimate target.

4. Notice the channel and the extension levels in gray. This measures the distance from bottom of (B) to the top of Wave 1 and then applies that measurement from the bottom of Wave 2 to project fib level extensions of Wave 1. An impulse would target 161.8% in a 3rd wave. But a diagonal targets 123.6% showing that bullishness is there, but muted and unable to maintain as strong as it would in a standard bull market. Another classic rule for diagonals is the 4th wave overlaps the 1st wave or gets very very close. That's not allowed in an impulse. That happened here with the deep selloff after the 3rd wave high.

5. Diagonals happen in series of 3-wave moves. Think of it as bulls and bears each getting a full turn with bulls ultimately winning. You will get an initial move off a low - an "a" wave - that should itself be a 3-wave move. You then get a "b" that will hold a higher low, followed by a "c". And no matter what type of correction exists, the "c" will always take shape as a 5-wave move. You can see that within the "c" waves of Waves 1 and 3. And it's what I'm expecting for 5. Notice the most recent "b" held the 50% retracement level of "a". That's good enough for me to signal an entry. I place my stop below the 61.8% level and let it ride.

6. I've lowered my target from the $9.20 area to $4.84 area. I only recently started charting alt coins. And one thing I've noticed is that major tops often come up short of the "ideal" target. So I simply went one fib level lower on the gray extensions to the 138.2% level which happens to line up with the ideal landing spot for a "c" wave hitting 161.8% extension of the "a" from the "b". If it gets to $4.80, I'll be selling 50-75% of my position and leaving the rest to run should it extend toward the ideal target.

I know this was very technical. I have a deep understanding of Elliott Wave, fib relationships, timing, and rules of waves. I don't expect anyone to take the deep dive and many years of practice to understand it in the same way. So take all of that and boil it down to.. This should hold above $0.98. Otherwise, get out and wait for clarity. If it does hold, we're aiming for $4.84 on the low end and $9.20 on the high end. And judging by the previous bullish moves within this same structure off the 2022 low, the final move should happen within about a month of it engaging. So you either get in now knowing the risk of losing nearly 30 cents per coin, you miss it, or you get in far too late and don't make near as much money.

Lastly, if this move happens, it's a finality move. There will be no mooning beyond maybe the $12 range. My expectation is a massive drop once it completes. Probably back to the level its currently at now and most likely below 50 cents over the next 1-2 years. Make your money. Take your money. Don't look back.

Elliott Wave is a way of measuring sentiment. Sentiment in equities can get distorted from actual operations, leverage, company performance, share dilution, manipulation, etc.

These alt coins have none of that. These things operate on 100% sentiment. And it's beautiful in a bull market. Just know when the bull is dead and run far away.

Incredible. Thank you for taking the time to provide such a thorough and detailed response! I feel like I should have paid for that much effort.

I can certainly understand the high-level components you've outlined but will need to read back through this a few times to really understand it. I'm a Bitcoin maxi so I don't plan to hold any alts long-term but am going to use this as a test for following your methodology. I bought in earlier today after your first post and will keep an eye on things.

Since this market is really just based on sentiment and no underlying financials, that makes this both more exciting in a bull run, and equally frustrating. I saw today that there was a proposed merger with PAAL.AI that has apparently been cancelled. I'm curious how much that news changes the sentiment that may have been part of the Technical Analysis you charted?

Double Oaked said:

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Incredible. Thank you for taking the time to provide such a thorough and detailed response! I feel like I should have paid for that much effort.

I can certainly understand the high-level components you've outlined but will need to read back through this a few times to really understand it. I'm a Bitcoin maxi so I don't plan to hold any alts long-term but am going to use this as a test for following your methodology. I bought in earlier today after your first post and will keep an eye on things.

Since this market is really just based on sentiment and no underlying financials, that makes this both more exciting in a bull run, and equally frustrating. I saw today that there was a proposed merger with PAAL.AI that has apparently been cancelled. I'm curious how much that news changes the sentiment that may have been part of the Technical Analysis you charted?

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Thank you for the kind words. I don't really pay attention to news. If it's meaningful, it will show up in the chart. I know my supports and my next resistance. And frankly, I'm still nooby at the underlying ecosystem of all things blockchain and crypto. I just really like charting and bull markets driven entirely by sentiment are the most fun.

Guess how much money you could have made had you bought PNUT the squirrel with $100 on genesis of the coin a week ago.

How do you play this bitcoin rally? Just hold forever? Its so volatile putting in a stop loss feels like I might as well sell now at the higher price and put in a limit order instead

Leander said:

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Buy Mog Coin

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I am once again asking you all to buy Mog Coin.

Heineken-Ashi said:

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Orome said:

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What is DOGE expected to do? It has to pull back soon right?

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It could continue running, but I'd be surprised if it gets over it's all time high.

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Why do you think it won't get past its ATH?

Leander said:

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Heineken-Ashi said:

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Orome said:

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What is DOGE expected to do? It has to pull back soon right?

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It could continue running, but I'd be surprised if it gets over it's all time high.

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Why do you think it won't get past its ATH?

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I mean, anything can happen. I have it going to $2 eventually. But I was asked if it was going to pullback "soon", and my answer is that I'd be surprised if it gets past ATH before doing so.

Playing the (c)=(a). Perfect setup. Stop at the 76.4% retracement in light red as below that it invalidates. Phenomenal R/R

SUIUSD - Enough to be considered complete, though I'd like to see it grind higher. Red box is support. Once complete, I expect a sizeable drop to between $1 and $1.5. So wouldn't take any chances if you are staring at good profits.

Xrp and xlm finally moving

SOL is approaching all time high. My bags are packed.