DOGE: DONT GET CAUGHT IN THE WICK
Elon has once again moved markets without any other action than simply him existing.
Twitter has officially accepted his buyout deal and will take the company private at $54.20 a share.
So in relation, Doge pumped on this based on the "Rumor" of this deal and now it officially hit the "News".
Sometimes it's always the old simple sayings that prove to be most valuable.
"Buy the Rumor, Sell the News"
Let's see if it proves useful once again.
Something also to note, is that since May 2021, almost every time DOGE has pumped as an outlier in respect to the rest of the market, it systematically led to more downside for Bitcoin (BTC)
Until the price breaks out of descending channel NOTHING has changed.
Twitter has officially accepted his buyout deal and will take the company private at $54.20 a share.
So in relation, Doge pumped on this based on the "Rumor" of this deal and now it officially hit the "News".
Sometimes it's always the old simple sayings that prove to be most valuable.
"Buy the Rumor, Sell the News"
Let's see if it proves useful once again.
Something also to note, is that since May 2021, almost every time DOGE has pumped as an outlier in respect to the rest of the market, it systematically led to more downside for Bitcoin (BTC)
Until the price breaks out of descending channel NOTHING has changed.