Join me in this analysis as we look at Dogecoin on the weekly timeframe, let's dive into this chart and also the altcoin market.
There is something about counting weeks. It's a strange phenomenon but it acts as a guide.
There aren't many projects that close more than four consecutive weeks in the red. In this chart, DOGEUSDT closed in the red for more than four weeks only once, and this chart has over two years of data.
The only time DOGE closed five weeks in red, there was a strong reversal in the sixth week.
Within a bearish movement, further bearish movement can occur after closing four weeks in red, but it is always very close to the reversal point. Once sustainable bearish action actually sets in, the market shifts.
This is the situation we are in now. Four weeks have closed in red and everything is very similar to August 2024.
DOGEUSDT started to decline in March 2024. Upon reaching the end of this decline, first some upward moves, which equal the green week we see here in late December/early January. Then consecutive red weeks and the start of forming the reversal.
Be cautious around these levels because there is always some sort of shake, looking for liquidity or flow.
Dogecoin is now trading within a good 'entry zone'. Bottom prices with support showing as an upward trend line and also the decline of October 2025.
There are two things to consider: this chart shows that a reversal can happen within two weeks counting this week. So the current active candle and then the next candle. This depends on previous moves and the size and duration of the bearish wave. We are very close to a reversal, but anything can happen here.
A market trader, investor, can buy as much as they want without any worries in the world. You cannot go wrong when prices are this low. Even if the market moves down, it will just be a momentary drop.
Secondly, the next move is expected not to last long. While we anticipate upward moves, the fact that Bitcoin will turn strongly bearish later, the most bearish since 2022, requires caution. After this bearish period, we can enter with full force.
This means it would be wise to prepare and plan to sell when the next upward wave appears. Once prices are high, enthusiasm is present in the market, there is a lot of hype and sentiment shifts from fear to greed; this is the moment to take profits. We will then have several months to re-enter when prices are low.
Any kind of upward moves will be short-lived, lasting from 1-2 months at most. Then we get a bearish peak, months of bearish moves, Bitcoin bottoming out, consolidation at low prices followed by a bounce.
If Bitcoin is set to suddenly move under 70,000 dollars now and reach 60,000 dollars, things can change. The upward period can last not just from 1-2 months, but from 2-4 months; we adapt to market conditions based on what is happening today.
We use the past as a guide but the moves are not really similar. They are similar, but as the market grows, patterns continue to change.
When futures trading started, the entire dynamics that the market was going through changed; all patterns were confused. Then we saw ETFs and again, major changes. Now we have options trading and this also makes it difficult to predict exact dates. With every new addition, we must adapt to new probabilities and we are open to everything.
Let's say from 1-2 weeks at most, it could be more but this is my expectation at the moment. We're heading upward and this upward wave can be moderate or strong, never small due to volume, strength, and duration of the bearish cycle.
Then this strong upward move will also support the major crash that follows. Those projects/pairs that are set to remain within higher low levels will really grow. Those pairs that are set to crash badly will perform poorly. There will be countless options; there will be a mix. Choose wisely.
Namaste.
✅ Trade here on $DOGE