A couple facts: 1. Trend based Fib extension points to 0.23 | dogecoin_store on Binance Square

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A couple facts:

1. Trend based Fib extension points to 0.232 USD at Dogecoin. 
2. If to measure the previous high 0.208 to the 0.13 low, the relation shows to 0.202, 0.2256, 0.357 USD levels

That is about #doge⚡  

As for Bitcoin, i recognize the structure there as Zigzag, which may finish unfolding at 96k.

$BTC 

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DOGE

0.16976

-1.37%

BTC

104,625.02

-1.52%

261

0

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Different factors influence the price and it can change under their pressure. Let is analyze the facts of the recent market movements. 2025-05-7 22-00 The major part of Bitcoin growth lasted 24 hours: from May 7 22-00 CET to May 9 2-00 CET +9%; The next 3 days and 8 hours the price was consolidating on the same level. Bitcoin dominance was overheated. Domination began to fall on May 7 at 10 p.m. This downward movement lasted 4 days 16 hours, and reached 0.386 Fib ratio, (The wedge base to top 62.2%, -4.66%) Important takeaways: 1) Domination fell without looking at Bitcoin's rise. 2) Domination continued to fall in the days while BTC consolidated. 3) Now we see Domination rising, despite the fact that Bitcoin price started to fall, in the last hours! 4) The price of altcoins is falling right behind the price of Bitcoin. If we get confirmation of this trend continuation, we can make a logical conclusion: the altcoin season will start after the current downtrend is over at BTC. Earlier I gave the bottom target I expect for BTC. I assume that BTC.D may reach 72.98%, which is near the 2021 Jan top. Because Fib ratio of the wedge base to 1sw h points there. Conclusion: It seems that dominance has been falling precisely because there has been strong pressure to buy altcoins. However, as money flowed into altcoins, they sold with the same magnitude, following the bitcoin price. PS: I'll continue to investigate the move tomorrow and compare a couple more charts and metrics.

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If you look at BTC closely, you can spot a 3-5-3 structure. What is interesting, the B wave is taking form of regular Flat, the reaction norm for the figure usually between 100 and 165% as long as wave A, thus 56k. In other words, i think uptrend will end at 107K. The scenario will be invalidated if the price consolidates above the sloping trend line for at least 2 days, but it will not happen. At least, it is not my base scenario :) Have a fat profit!

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Take a carefull look at the blue/red degrees labeling and highlated rectangles. This is a wave degrees labeling and norms where any ensuring reaction should last. 1) If the markup is correct, the whole structure is a first wave. 2) The current reaction is a micro degree wave, the blue numbers. Consequently, a bearish 5 wave, micro-degree, may be ahead of us! 3) This fifth wave ends the sequence of wave 1, the minor degree. The first waves are usually corrected almost completely, 60-80%. That is, we could see another rise, within the 2nd wave, minor degree. However, the 3rd waves usually are the strongest in the sequence, that is, stronger than what we had from 2024 December to April. #Elliottwave $USDC

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This is Dogecoin dominance chart. The global trendline has been tested 4 times up to this moment. The 4th test gone under the line. Up to this moment the figure tested the global trend line and has not tested the pattern support trend line. The fact is - basement of the current pattern is 70% lower. The pattern does not look finished. It may turn out that the yellow rectangle is an independent component of this figure. This will be confirmed if price settles below the global trendline. If price will settled below the pattern basement trend line, this will confirm the pattern is - ENDING DIAGONAL. The target of the ending diagonal is 0.028 USD, at least.

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If you want to be in profit, subscribe me at X. I find it more convenient to publish some updates there. They are short but not less important. @_doge_store | on X - Dogecoin $DOGE #Dogecoin‬⁩ #Elliottwave

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How long will this delusion continue? For over 30 years, Is

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