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Tez8
May 9, 2021 11:02 AM

UPDATE Doge - Massive Correction Longs Liquidated  

BINANCE:DOGEUSDT240
Dogecoin / TetherUSBinance

Description

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SUMMARY: Massive bearish correction, as per earlier forecast.

Huge fake out toasted new entrants.


-- Fundamentals --

Dogecoin has no development team maintaining the core infrastructure.

It has a super high inflation rate and will continue indefinitely into the future, not functional as a store of long term value.



$$$ Happy Bull Market come Alts season $$$

Please HIT the --->>> "LIKE" and "FOLLOW" button. <<<----

*Not financial advice and is for educational purposes only. Always DYOR.

SO: What do you think, have I got it right? Let me know below.

Comment

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Earlier forecast :

Comment

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Dogecoin's spectacular rise this year has led to one so-called whale's position ballooning to $22 billion in value.

A single digital wallet currently owns 36.7 billion #dogecoin, or 28% of the cryptocurrency's entire supply.
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Comments
federalgsmtech
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Big fan bro need indicator macd 12 26 close 9
Tez8
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@federalgsmtech, cheers. I didn't add the MACD on this one as it was more of post-mortem.

My earlier one (above link) had the MACD.
AlkalineFX
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Will be interesting if we get another wave of buying in here±
Tez8
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@AlkalineFX, that is a good point.

We have not yet gone through the manic euphoria stage of the bull run. Everything will go up at that point.

One would want to be holding a coin with a smaller market cap. Not one that is already at 50bn ish.
Jokerm17
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should we buy it?!
Tez8
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@Jokerm17, it is a better buy now than at 0.70.

So many people are getting burnt - they are starting to see this joke is toxic.

Usually an over sell leads to a rebound.

The smart money phase is over for dogecoin. Just whales left eating up little retail people.
Jokerm17
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@Tez8, Thanks bro
Tez8
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@Jokerm17, No worries! There is still plenty of time left in this bull market (4- 6 months) and many good cryptos out there with good upside potential.
ElinaJ
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@Tez8 keeping a close eye on the market 👁️
Tez8
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@ElinaJ defo, Doge is a good harbinger of market sentiment.
Especially retail sentiment.
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