✴️ Dogecoin Medium-Term Correction Before Rise

11. Dez. 2023

This is a correction that is developing now based on all chart technical signals.

➖ The good news first: The correction will end in a higher low and so we can expect the bullish trend to continue.

➖ Bad news: It can last a while... Well, judging by today's candle it might go out really fast.
For Bitcoin it can last 1-3 months but not all Cryptos are the same.

For Dogecoin it can be just a few weeks.

Dogecoin Daily TF Analysis

The session 6-Dec. is 100% bearish.
Today's session is the confirmation.

Ultra-high bearish volume with the RSI crashing down.

These signals are telling us that a correction is about to take place.

This is good... This is normal, this is ok.

We bought low and sold on the way up.
Still plenty of time to sell to later buy back-in when this trading pair and others find support.

It is an easy game.
➖ Buy when low and red to sell green.
➖ Sell when high and green to buy red.

If we cannot do this correctly the first, second or third time, the market will continue to provide endless opportunities, endless so we can continue trying for as long as we achieve success.

We can study first and later take action to produce our intended results.
There is no hurry because opportunities are endless but mistakes can be costly and can easily drain our funds.

Wishing you success, prosperity, profits and luck.
Health, wealth and love.

Namaste.

18. Dez. 2023

Anmerkung

Chances of a marketwide correction developing now is up to around 99%.
The initial reaction can be really strong but after a new support level is found we will witness new growth.