Tips & Tricks by CandleStyx
2025-02-15
Category: None

I was observing Dogecoin on the 1 HR and came up with all these observations and maybe you can learn some new ways to look at things if you can understand my scribbles. 

 Some clues I noticed: 

1. possible cup n handle formation 
2. The arrows are all copy pasta same lengths and time
 3. Apart of the big breakout arrow which measures the size of the cup from top to bottom.
4. Look at the date ranges numbers
5. See the Fibonacc Golden Pocket has ideal level for a Handle
6. It would also retest the breakout from the ascending green triangle
7. Target of the Cup and Handle pattern is right into the resistance & liquidity and would be the first deep test of its strength 
8. Interesting that the breakout is programmed to be exactly nearby the weekly and 2 week candle close 
9. Keeping in Mind the Biweekly Bitcoin crossing macd to downside could it be a failing outbreak?
10. Also they say that if the handle comes deeper than 12% it will most likely fail. 
11. Conclusion is to observe if we go lower than 12% as that could be a clue if the outbreak could be a trap or not. 
12. Grab this Chartlayout and make it yours!

Tell me in the comments what YOU think will happen and explain why.

More updates might follow. 
