It's interesting to look how doge is looking like a good proxy for the BTCUSD reversal hypothesis.
If bitcoin dump while doge pump (in usd). We could see trendlines breaking and RSI Histogram following through into bullish side.
Depending on what happens to bitcoin. Either a btc dump but specially sideways could be beneficial for doge here.
My biggest concern at the moment is the lack of accumulation volumes. Would expect to see some strong volume signatures forming to sustain major move and drive all the much amaze such wow.
On the other hand it is also like we could see major dump if bitcoin process with massive dump.
As of now better wait and see for some signs like volume and break of trendiness.
If bitcoin dump while doge pump (in usd). We could see trendlines breaking and RSI Histogram following through into bullish side.
Depending on what happens to bitcoin. Either a btc dump but specially sideways could be beneficial for doge here.
My biggest concern at the moment is the lack of accumulation volumes. Would expect to see some strong volume signatures forming to sustain major move and drive all the much amaze such wow.
On the other hand it is also like we could see major dump if bitcoin process with massive dump.
As of now better wait and see for some signs like volume and break of trendiness.
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