Good morning to the Dogecoin Moon boys and the Dogecoin Moon Girls! Welcome to another daily dose of Doge. We are doing a great job with the subscribers. I'm going to ask real quick if you could subscribe, that would be fantastic. We're on the road to 65,000.

subscribers now. I was getting a little worried because I think some people are trying to bot attack my channel, and someone did it yesterday. I don't know if you can see it, but no, you can't see it, but we jumped up to 65,700, but it was fake, and YouTube took

them away. So 64,800 is legit. I'm very happy with the performance. Um, and shout out to YouTube for getting rid of the fake accounts, cuz it's stupid, you know? People want to work for things, and people are trying to ruin it. But nevertheless, if you are new, it has been my dream since

the 80s to get to, uh, 100,000 subscribers. So unfortunately, it looks like Dogecoin is getting pummeled now. Obviously, if you're looking at it on the one-second time frame, but if you look at it in the big picture, we're doing very well, right?

Dogecoin is holding up, and I want to clarify something. The fact that there's a lot of people panicking, there are genuinely a decent amount of people panicking that Dogecoin is moving down. Why do you think that is? That is because they just bought

in. People are now piling into Dogecoin at an accelerating rate because it's cool to again, and I will continue to go back to our heat map, and the heat map suggests that we are indeed in our parabolic stage of the bull run. All

right in 2017 when we were up here it was cooled by Dogecoin in 2020 when we were up here it was cooled by Dogecoin and now it's cool to buy Dogecoin again and that's why so many people are

freaking out over one red day because they just bought in meanwhile you have to understand that Dogecoin was bullish or not bullish sorry it was getting accumulated for two years think about that it did nothing for two years we sat here saying the same exact thing

and people were saying Dogecoin sucks and now it just exploded right some people are saying it exploded by 400% which is true but you have to remember that technically it exploded by 700% and now people are buying in and you know you're going to

have a red day it's impossible even in 2017 or excuse me uh whatever year this is you had red days obviously we didn't yet get that giant green candle which the hopium would be that maybe it's about to come in once this consolidation

is done right so I would make the case that yes we are sitting through some turbulence for sure but the reality is Bitcoin is pulling back because Bitcoin had how many consecutive green days in a row so we're going to have to sit tight and and let it play out um and and again

just for the record there's a there's people asking oh we have to make a new all-time high because that's what Vision pul said no no we made a speculative suggestion that in the past when Dogecoin broke the 236 both times you made a new all-time

high 30 days later I'm not saying it has to happen that don't put words in my mouth we're just suggesting that it's not impossible because it happened both times but just because it happened last time doesn't mean it has to happen again

all right now the reality is we're we're very much waiting for oh actually I was going to make hopium I think I forgot to show you I think I said I was going to make hopium yesterday uh in yesterday morning's video and I forgot to make it

at the end so I'll make it right now so here's the hopium right the hopium is doge coins at 41 cents and it's less than a 2X away from the previous all-time high even while or even though the

Bitcoin dominance didn't even start falling yet now I hate to be that guy but it looks like it wants to go up again so unfortunately there aren't even any guarantees that the dominance bottomed out yet May or topped out sorry maybe it makes another push but the

hopium here which technically that is extremely optimistic for Dogecoin because like I said the fact that Dogecoin is here and the dominance didn't start falling yet you have to take to consideration that when when when when you were in a similar spot in the

previous Cycles the dominance began nose diving so I would say the fact that Dogecoin is up here again you can see in 2017 the dominance had already started falling in 2020 it looks like it it was about to start falling when we were in

the same area so the fact that Dogecoin is showing the same resilience as it has in previous markets even though the dominance is showing strength I think that's a good sign and that's not even the hopium the hopium that comes in is

obviously medically uh regulated but the Bitcoin pair right now think about this if Bitcoin hovers around 100K right I thought about this because someone on the live stream asked the question who's going to buy Dogecoin up here and the reality is uh I believe Bitcoin's market cap is

approaching 2 trillion if I'm not mistaken let me see yeah oh it is yeah it's right it's a hair under 2 trillion so and and Dogecoin is at 60 billion so let that sink in Elon Musk if you

actually look at the real pair that's determining the price of Dogecoin you'll be shocked to notice that it's not going to take that much power to move Dogecoin to that $2 range now I'm not saying it's

guaranteed but you have to look at the Bitcoin pair now some would argue that we're are still getting slammed at the downtrend obviously you'd really have to push the narrative here and draw it to fit your agenda but technically it's valid but the hopium here

is last bull run the Dogecoin pair I just want to see if you can see that yeah the Bitcoin pair for Dogecoin did a 10x from March of 2020 let's look at this for a moment this is the hopium here the

Bitcoin paired for Dogecoin's last bull run from March 30th to May 7th did a 13x roughly, so that means it took not even two months to do a 13x. Now, I'm not saying that's going to happen again, but when people make the

argument, "you can't do that because of the market cap," normally that is a correct observation, but if there's $2 trillion sitting in Bitcoin, is it really going to take that much of a bump to send Dogecoin up here, right? 250% when last market cycle would even

take it from here, right from this same area, it took to do the same move that I'm highlighting right now, it took April 16th to May 10th, so less than a month to do 172%. This is the hopium because Bitcoin has Bitcoin now has this much more

liquidity because we topped out, and by the way, this was the first bull run or the first top where Dogecoin topped Bitcoin, is 60% higher now, so I'm not a, you know, I'm not a scientist, I don't know if it directly correlates to 60%

more liquidity, I would imagine it does, but I don't know. Don't quote me on that, but anyway, the, the point here is the fact that it took a, in 2021, it took Dogecoin one month to do a 13x. Now, if we again mark the same area

that we are in right now, considering the fact that Bitcoin is 60% higher last cycle, it took Dogecoin one month to do 176%. And keep in mind that, I hope you're following me on this, cuz this is extreme hopium, but the fact that the Bitcoin

Bitcoin dominance had already been collapsing when we were at the same point that we're at right now. That tells me that there's a chance that when the Bitcoin dominance falls, we don't even need the Bitcoin pair to do a 10x. That's

ridiculous, but even if it does a 300% gain right, so that means we have December, January, February, March - four whole months to do 350% versus last bull run when we were in the same exact spot. Actually, I'd argue we're in a better

spot because the Bitcoin dominance didn't fall yet. We did the same in the same position price-wise. We did 174%. I don't think it's impossible for us to get up here, and obviously this is important because if you put two and two together, 200 Satoshi for Bitcoin or

excuse me, 200 Satoshi for Dogecoin with Bitcoin floating around 100K would be a $2 Dogecoin. So um, when we were down here, everyone was saying that $2 was clickbait, blah blah blah. Now people are saying $2 isn't high enough, which is a

top signal. And and and by the way, for the new people, um a top signal doesn't necessarily mean the top is in, it just it's a sign, right? So if you're drinking soda every day and you're on the you're on the horizon for diabetes, you might

have signals of diabetes, but you might not actually have diabetes yet. So it's it's a signal to let you know like hey, maybe stop drinking soda. The fact that people are saying $2 is bearish, it's not a top signal, but it's letting us know

like okay man like start paying attention now um so that's the um I would provide for this video that it is possible that $2 does get hit and it's also entirely possible that Doge BTC goes to zero that's why you don't want

to uh you don't want to completely throw away the downtrend even though it does appear that the standard downtrend is broken and it looks like we tested it as support to which is bullish but make no mistake if we can't continue here and we

fall right then your $2 Dogecoin goes out the window because then it would it would just pop back up like this and then go to zero which is what happened in 2017 right so we don't want to start screaming to the Moon well we could

scream to the Moon I think in my opinion not Financial advice but we can't scream to dollars right just yet because again this is very possible where here's your $2 Dogecoin it goes like this and if it goes like this right in December you can

still do something like this uh which is exactly what happened in 2017 so we don't want to sweep anything under the rug we want to be prepared for all scenarios and we'll leave it to that so that is pretty much it none of this

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