We are currently in the bear forest where wicks down vanish quickly (causing a huge headache for shorts, because we could gain $100,000 on 1 bar and see all of the profits disappear on the next bar). If we drop to 20 cents in one of the 5-Hour Heikin-Ashi bars, take some profits before the next bar. We can always short again on another 5-Hour bar.
Don't expect Elon Musk to save Dogecoin. Elon Musk is a psychological manipulator. He isn't actually controlling the price action. He looks for when MACD is about to reverse and then he tweets. He is essentially cheating and getting free publicity with little effort. He doesn't have the power to bring Dogecoin to $1. He's riding the waves like the rest of us, but he's shaping the narrative & getting treated like a King because the media doesn't understand MACD cycles.
Don't expect Elon Musk to save Dogecoin. Elon Musk is a psychological manipulator. He isn't actually controlling the price action. He looks for when MACD is about to reverse and then he tweets. He is essentially cheating and getting free publicity with little effort. He doesn't have the power to bring Dogecoin to $1. He's riding the waves like the rest of us, but he's shaping the narrative & getting treated like a King because the media doesn't understand MACD cycles.
