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GYPSYAAMIR
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Doge's 30% rally hit a wall at $0.098-0.11 resistance with a double top on 4H RSI. Overbought on daily and about to print an inverted hammer. Ideal for a short with a target of $0.081-0.084 for new support (0.618).#DOGE

Doge's 30% rally hit a wall at $0.098-0.11 resistance with a double top on 4H RSI. Overbought on daily and about to print an inverted hammer. Ideal for a short with a target of $0.081-0.084 for new support (0.618).#DOGE

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#Memecoins #btc #BullorBear #BTC80K #BTCUSDT. To determine if the situation is bullish or bearish based on the values given for the DIF, DEA, and MACD in relation to Bitcoin (BTC), let’s break down what these indicators mean and how they relate to market trends: 1. DIF (Difference): This is the difference between two moving averages (MAs), typically the 12-day and 26-day exponential moving averages (EMAs). A DIF value of 17.35 suggests that the shorter-term MA is above the longer-term MA, which is generally considered a bullish signal. 2. DEA (Signal Line): DEA is the exponential moving average of the DIF. It’s used as a signal for buy and sell. A DIF above the DEA (as is the case here with DEA at -46.06) is typically seen as bullish because it suggests that the trend is moving upwards, with the shorter-term momentum accelerating faster than the longer-term trend. 3. MACD (Moving Average Convergence Divergence): MACD is an oscillator that fluctuates above and below zero. It is derived from the DIF and DEA. A MACD of 63 suggests that the market is in a strongly bullish phase, as the value is significantly above zero, indicating strong upward momentum. Based on these values: • The DIF being positive (17.35) and above the DEA suggests bullish momentum. • The DEA being negative (-46.06) usually would be a concern, but in this context where the DIF is above it, it indicates that the trend might have been bearish but is now turning bullish. • A MACD of 63 is significantly bullish, indicating strong buying pressure and upward momentum. So, in summary, based on the DIF, DEA, and MACD values for BTC right now the market appears to be in a bullish phase.
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