DOGE/ETH/ETC SNL Potentialities: Short Squeeze and The Sell-Offs
Despite the insane volatility, there have been indications throughout the daily and hourly ticks that suggest an incline for all 3 graphs shown (DOGE / ETH / ETC). We're likely going to see a sell-off, then a gradual build-up to the bullish pattern, particularly in DOGE.
DOGE (DOGEUSDT):
Elon Musk's anticipated SNL appearance spiked this a few days ago, prematurely forcing a lot of short-sellers, and due to this dip and the anticipated SNL Elon musk appearance, we may see a significantly bullish short-squeeze. (I'm willing to say that due to this anticipation and the time of appearance, there will be many people selling off quickly after the squeeze dipping the price far below recent highs).
Ethereum (ETHUSDT):
Although still indicating a linear incline, its volatility is increasing within shorter increments. The mass buy-in and sell-off of DOGE will incur consequences for ETH as people trade/swap, as seen in the past few days. Despite this, I'm hedging my bets that the DOGE short-squeeze will force those mass sell-offs and a significant boost to ETH (and potentially ETC) Post-Elon SNL appearance.
Ethereum-Classic (ETCUSDT):
Assuming like before ETC follows ETH; pattern-wises, it's important to note that if both ETC and ETH suffer significant losses due to the trade/swap for DOGE post-SNL, there will be double the losses incurred on individuals opting for the bullish DOGE.
This means, if there is a shorting right after the post-SNL DOGE price spike, there will be a sell-off double the size and therefore a buy-in of ETC and ETH increasing profits 2-fold for their diamond-hand holders. To delineate further, as DOGE above has the 'n' style dip, ETH and ETC will have a 'U' style incline, days after Elon's appearance on SNL.
Note: The sell-offs could force most people to reduce risk and put their money into safer places, such as BTC. Best-case scenario, we see BTC increase by 10% days after the SNL when shorting/selling begins.
EDIT: Days are incorrect in the reference charts above; along with the significance of the buy-in, however, the idea remains the same over this months period of time.
DOGE (DOGEUSDT):
Elon Musk's anticipated SNL appearance spiked this a few days ago, prematurely forcing a lot of short-sellers, and due to this dip and the anticipated SNL Elon musk appearance, we may see a significantly bullish short-squeeze. (I'm willing to say that due to this anticipation and the time of appearance, there will be many people selling off quickly after the squeeze dipping the price far below recent highs).
Ethereum (ETHUSDT):
Although still indicating a linear incline, its volatility is increasing within shorter increments. The mass buy-in and sell-off of DOGE will incur consequences for ETH as people trade/swap, as seen in the past few days. Despite this, I'm hedging my bets that the DOGE short-squeeze will force those mass sell-offs and a significant boost to ETH (and potentially ETC) Post-Elon SNL appearance.
Ethereum-Classic (ETCUSDT):
Assuming like before ETC follows ETH; pattern-wises, it's important to note that if both ETC and ETH suffer significant losses due to the trade/swap for DOGE post-SNL, there will be double the losses incurred on individuals opting for the bullish DOGE.
This means, if there is a shorting right after the post-SNL DOGE price spike, there will be a sell-off double the size and therefore a buy-in of ETC and ETH increasing profits 2-fold for their diamond-hand holders. To delineate further, as DOGE above has the 'n' style dip, ETH and ETC will have a 'U' style incline, days after Elon's appearance on SNL.
Note: The sell-offs could force most people to reduce risk and put their money into safer places, such as BTC. Best-case scenario, we see BTC increase by 10% days after the SNL when shorting/selling begins.
EDIT: Days are incorrect in the reference charts above; along with the significance of the buy-in, however, the idea remains the same over this months period of time.