#DOGEUSDT You see, Dogecoin is bearish but this bearish is only short-term. This retrace can last a few days more and then the market will turn and start growing again. In the worst case scenario, the drop can extend and last one or two weeks, that's it. Nothing more.
So, what does it matter if it goes down short-term when it will grow in the long haul.
See the pattern on the chart and the rising trendline at the bottom. This is the main support. The bullish structure will remain intact, the market is adapting because obviously, too much leverage can never work.
#DOGEUSDT You see, Dogecoin is bearish but this bearish is only short-term. This retrace can last a few days more and then the market will turn and start growing again. In the worst case scenario, the drop can extend and last one or two weeks, that's it. Nothing more.
So, what does it matter if it goes down short-term when it will grow in the long haul.
See the pattern on the chart and the rising trendline at the bottom. This is the main support. The bullish structure will remain intact, the market is adapting because obviously, too much leverage can never work.
However, analysts are positive on the stock now. “We have seen a huge downside movement in the stock due to the central electricity regulatory commission’s (CERC) order that seems to be negative from 2014-15 onwards but we cannot take a linear negative view on the stock and further downside movement on the stock is unlikely. Currently stock is underpriced. Investors can bet on it for a longer horizon," said Vivek Gupta, director research at CapitalVia Global Research.
How to Buy Bitcoin?
Most people buy Bitcoin via exchanges, such as Coinbase. Exchanges allow you to buy, sell and hold cryptocurrency, and setting up an account is similar to opening a brokerage account—you’ll need to verify your identity and provide some kind of funding source, such as a bank account or debit card. Major exchanges include Coinbase, Kraken, and Gemini. You can also buy Bitcoin at a broker like Robinhood. Regardless of where you buy your Bitcoin, you’ll need a digital wallet in which to store it. This might be what’s called a hot wallet or a cold wallet. A hot wallet (also called an online wallet) is stored by an exchange or a provider in the cloud. Providers of online wallets include Exodus, Electrum and Mycelium. A cold wallet (or mobile wallet) is an offline device used to store Bitcoin and is not connected to the Internet. Some mobile wallet options include Trezor and Ledger.
