Veteran trader Peter Brandt says the dogecoin bear market that began in May last year has ended. His comment came after the price of dogecoin soared following Tesla CEO Elon Musk’s acquisition of the social media platform Twitter.Veteran trader Peter Brandt shared his analysis of dogecoin Sunday. Brandt has been a futures and FX career trader since 1975. He is a chartist and the author of the Factor Report.
However, Brandt followed up with another tweet, warning traders not to fall for the common mistake of assuming that the end of a bear market automatically means a bull market has begun. He cautioned: Some people replied to his tweet, pointing out that it could be a false breakout and that a subsequent period of consolidation could determine where the price of dogecoin is actually headed. Many believe that the recent DOGE pump is “the Elon effect,” stemming from the Tesla CEO buying Twitter.
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May of last year is exactly when I sold it for usdt and never bought back. Why should I trust the coin that's so dependent literally on one man's tweets?
Well, i still not spending my USDt on It.
Der typ hat 0% ahnung was doge ist !!! Doge wird nr 1 bei crypto sein !!!!
Bwahaha IceHawkLB
Doge Bull Season is ON
Btc 20000!!!
it was really unexpected
í αm вuч thєn вut
Now I regret less that I didn't invest my usdt in doge. But I think Elon will continue to pump this coin
Are the bulls starting the race?
The authority of this person is very significant, which is scary.
pythadoge Dogecoin will be the biggest rise ever, even $ 3 in a year
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even a blind man can say that now. 😂😂😂
oh
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$DOGE coin was pumping hard. There are rumors that you can use the coin for tweets and other things. These are just rumors!
lol
💰
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Buy dogecoin before Elon put this word on his tweets🚀🔥!
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Right. I’m sure it’s not a temporary pump.
Unbelievable this man knows how to read a chart
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yea!
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