This is what MAY happen as a dead cat bounce within a day or two...MAY happen. I am bearish and think BTC will continue it's decline even more though. BINANCE:BTCUSDTPERP
While considering shorting take into account your leverage/liquidation price point. This subjective analysis helps me calculate my shorting leverage position.
Looking at the relatively good MACD weekly indicator I always use to see the trend we can see that the down trend is not yet done. If you have invested in Doge consider carefully when to sell or to buy in next time.
Divergence is when the price of an asset is moving in the opposite direction of a technical indicator, such as an oscillator, or is moving contrary to other data. Divergence warns that the current price trend may be weakening, and in some cases may lead to the price changing direction.
As we are seeing reversal of the trend we can estimate that the upside trend will take APPROXIMATELY 14-20 days. So I am preparing for June 20-21 as I am personally expecting the price to begin its downtrend around that time for all crypto. Usually up and down trends take AROUND 14-25 days. Prepare in advance.
