Yesterday afternoon, someone asked if DOGE has finished adjusting. Here is a detailed answer:
DOGE has fallen back since it rushed to around 0.44 last time. It is adjusting at the daily level, and the callback is relatively mild, because the BTC market has a strong rebound every time it steps back.
Did DOGE reach the middle track of the 8-hour boll yesterday? That means the 8-hour adjustment cycle has been completed, and it is currently in the 12-hour level adjustment cycle.
Yesterday afternoon, DOGE rebounded, and the energy column below the 8-hour level had a hollow column. This morning, BTC rebounded and another hollow column appeared, which means that the downward momentum continues to slow down, but it does not mean that the callback has completely ended, because the 12-hour MACD dead cross opening is still downward and the volume is not strong.
DOGE 4-hour level was completed the day before yesterday, and it was supported by the lower track of boll. The lower track position of the 4-hour boll is 0.34, so it started to rebound from the callback near 0.44 to here. Why do we have to keep going back and going long in a bull market? Because the 4-hour level is the critical point of short-term changes and the watershed between longs and shorts. If the 4H macd does not fall below the zero axis, it will not fall deeply.
Looking at the daily level, the K-line is staggered downward with one positive and one negative. Yesterday was the fifth day of the callback to around 0.44. Yesterday, a green cross was closed. If a small positive line is closed today, the callback will be completely over, and you can rush up and cover your position at the market price.
Every time the callback reaches the 8- or 12-hour macd, it has basically reached the tail of the daily adjustment and is about to turn up. At this time, you can generally make a prediction in advance, and the bulls can prepare to buy the bottom. To be safe, the middle track position of the 12-hour boll (around 0.33650) is included in the coverage range. It also shows that the air force needs to escape. If you short the daily adjustment, it is safest to only eat the fish body, that is, you can stop all profits when it is adjusted to the 6- or 8-hour level.