We are bullish on the DOGEUSDT pair but we are also seeing a potential recovery on the Dogecoin vs Bitcoin (DOGEBTC) pair...
Do you remember this trade idea from late November 2022?
✳️ Dogecoin vs Bitcoin | Correction & New Bullish Wave Target 200%+
What we see on this chart is a classic ABC correction based on Elliot Wave Theory.
After a bullish wave there is always a correction, this is normal... After the correction we see a resumption of the initial move which in this case means additional growth.
Since we have a lower high, we expect to hit a higher high on the next jump.
In case things change, the blue space is the stop-loss. Any trading above this level, 0.000004, and our bullish bias stays valid.
Thank you for reading and for your continued support.