Bitcoin Dominance Makes Its Re-Test Perfect Today!
Trading Fam,
Our retest here on the Bitcoin Dominance chart couldn't have gotten any more perfect. Does this mean that the altcoin/memecoin sell-off is finally nearing an end? Me thinks it does. And with Trump releasing his and his family's memecoins just days before his inauguration, this is a clear sign that he supports the market.
Of course, the TRUMP memecoin did suck millions in market cap away from other tokens, as traders arbitraged into the TRUMP coin. But we could see a bit of a sell-the-news event on this token after his inauguration is complete. Then, traders may sell their profits and move back into older positions again. If you believe this as a possibility, it may be time to start picking up some of your favorite memecoins and alts again.
✌️ Stew
Our retest here on the Bitcoin Dominance chart couldn't have gotten any more perfect. Does this mean that the altcoin/memecoin sell-off is finally nearing an end? Me thinks it does. And with Trump releasing his and his family's memecoins just days before his inauguration, this is a clear sign that he supports the market.
Of course, the TRUMP memecoin did suck millions in market cap away from other tokens, as traders arbitraged into the TRUMP coin. But we could see a bit of a sell-the-news event on this token after his inauguration is complete. Then, traders may sell their profits and move back into older positions again. If you believe this as a possibility, it may be time to start picking up some of your favorite memecoins and alts again.
✌️ Stew
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Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
Never miss a prophecy. Sign up for my free newsletter at:
stewdam.us
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