Cryptocurrency

“Fearing” Dogecoin Forecast from the Analyst Who Knows Every Step of Bitcoin!

Master analyst Peter Brandt has published a Dogecoin chart with a Head & Shoulders pattern on it. This usually indicates that the movement of the entity is opposite to its direction. Let’s examine Peter Brandt’s declining DOGE estimation together…

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Will Dogecoin continue to move real downward?

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The legendary commodity trader Peter Brandt, who has been in the business since the 1970s, used Twitter to share a Dogecoin chart. In the screen landscape, the chest is a cryptocurrency, but rather an H&S model. But the analyst warns that once this model is complete, a downward-truth move is only one of the options that will definitely happen.

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https://twitter. com/PeterLBrandt/status/1413276135350276113

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Peter Brandt shared a DOGE/Tether chart from Binance and marked the Head & Shoulders pattern on it for clarity. He realized that his tweet might draw anger from the Dogecoin Army and the trolls who left comments, so he invited these individuals to comment. The Head & Shoulders model may show that the trend is reversed on both sides, but here the model shows a true reverse return to the South.

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Peter Brandt expects Bitcoin to drop below $30,000

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However, the legendary analyst warns that patterns do not always work properly. In a comment, the analyst wrote that the pattern must be completed first. According to the analyst, the model may still fail to act, transform, or exert its effects. Some users in the comment thread suggested that the pattern resembles an descending triangle, not Head & Shoulders. The descending triangle is a bearish pattern.

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Indicates increased downward movement and deterioration of cards. On Thursday, July 8, Peter Brandt invited his followers to a survey on his Twitter page to gather their views on how much Bitcoin could drop when it falls below the $30,000 level. $25,000-20 amidst the options it offers. There was a drop in the $2,000 range, staying in the mid $25,000 to $20,000 range, and the president cryptocurrency crashing below $20,000.

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