BITCOIN - $150,000 OR $40,000? - 2024 - CryptoManiac101BITCOIN / USD TA
1. Price Levels and Movements:
- The current price is around $67,696.56.
- There is a notable high at around $68,470.80.
- Fibonacci retracement levels are displayed, indicating potential support and resistance levels:
- 0.236 level at around $21,782.45.
- 0.382 level at around $26,761.12.
- 0.5 level at around $31,684.07.
- 0.618 level at around $37,486.17.
- 0.786 level at around $47,664.25.
2. Future Projections:
- The chart suggests potential future price targets/retracements:
- 1.0 Fibonacci extension level at around $64,736.25.
- 1.618 Fibonacci extension level at around $156,705.06.
3. Trend Lines and Channels:
- The price is moving within upward-sloping trend channels.
- There are dotted lines indicating potential future price channels.
4. Annotations and Indicators:
- Green arrows indicating potential buy signals and points of interest.
- A pink arrow suggesting a significant price movement.
- A highlighted oval region projecting a potential bullish move.
- Various potential future price paths indicated by white lines.
Overall, the chart is a technical analysis of Bitcoin’s price, indicating possible future price movements based on historical data and Fibonacci retracement levels.
Trump
Continuation of the downward trend?MAGA (TRUMP) stock has recently lost a significant support level and subsequently experienced a pullback. Currently, it is on the verge of testing the second support level. This situation indicates that if the second support level fails to hold, we might see a continuation of the downward trend.
Trump, Biden Court Crypto as Election Season Looms
Trump, Biden change tone on crypto: Donald Trump has promised to make the US a leader in digital assets during recent campaign events. And President Joe Biden’s aides have responded by reaching out to major players in the crypto market.
Ether's price surges to nearly $4k, then pulls back: After the SEC approved eight Ether ETFs last week, analysts expect anticipated inflows to be 15-30% of Bitcoin ETF levels. So far, the price of ether has remained relatively flat since the SEC approved ETH ETFs.
Former FTX executive gets jail time: Ryan Salame, the former CEO of FTX Digital Markets, received a seven-and-a-half year prison sentence and significant financial penalties for his involvement in unlawful political contributions and operating an unlicensed money transmitting business.
Argentina's securities regulator meet with El Salvador's digital assets commission to discuss strategies for cryptocurrency adoption: Argentina is seeking to leverage El Salvador's experience as the first country to adopt Bitcoin as legal tender.
📚 Topic of the Week: Learning the Basics of Spot BTC ETFs
👉 Read more here
TRUMP vs BIDEN : These 7 Charts Reveal AllThese charts will point out not only the difference between 4 year terms, but also the effect of the worldwide Coronavirus on different sectors.
Just so you know, I am not advising for or against either candidate solely on what they could do or have done for a certain industry. Instead, this post aims to inform and point out the market's response during each Presidential period. It's also important to consider the effect of Covid (marked by the purple line).
1) DXY / TVC:DXY
The U.S. dollar index (USDX) is a measure of the U.S. dollar's value relative to the majority of its most significant trading partners, including the Euro (constituting 57.6% of the weighting), Japanese Yen (13.6%), British Pound (11.9%), Canadian Dollar (9.1%), Swedish Krona (4.2%) and Swiss Franc (3.6%).
Under President Trump, the DXY fell 14% the moment he took office. The DXY then recovered the 14% over the next two years, but dropped again as the Coronavirus crisis was declared a global pandemic in May 2020.
Under President Biden, the DXY rose from post-covid lows by 27%, then retraced 12% unto where it is now trading steadily.
I'll use the following chart below as a reference to how we will be measuring (the difference between inherited point to exit, as seen by the measuring tool).
Change from inherited point to exit:
TRUMP: -13%
BIDEN (inherited point to current) : +19%
2) Consumer Confidence Index / ECONOMICS:USCCI
This Index index measures Americans' assessment of current economic conditions and their outlook for the next six months. The consumer confidence remained fairly stable under Trump, but fell drastically with the announcement of the Covid pandemic. Biden inherited a declining consumer confidence, but the CCI managed to recover with 57.6% after hitting the lowest lows during the midst of the Coronavirus pandemic.
The CCI has not been able to recover to pre-covid highs, showing that consumers are not yet comfortable with the current state of economic affairs.
Change from inherited point to exit:
TRUMP: -19.5%
BIDEN (inherited point to current) : -2.4%
3) Inflation / ECONOMICS:USIRYY
Initially the inflation rate was fairly stable under Trump, and then started to fall drastically, dropping -95%... until Covid. Since Biden took office, the inflation rate increased by 550%, but managed to drop back down by 62% after peaking during covid.
Change from inherited point to exit:
TRUMP: -44.8%
BIDEN (inherited point to current) : +141%
4) S&P 500 / SP:SPX
Trump talked-up the stockmarket as a measure of his presidency when he was in office. (Not that the SPX is something presidents have much control over, but let's take a look at it anyway).
The s&p 500 index of big American firms is higher since Biden took office, but it rose twice as much during Trump’s first 1,000 days in office.
Change from inherited point to exit:
TRUMP: +63%
BIDEN (inherited point to current) : +40.8%
5) United States Employment Rate / ECONOMICS:USEMR
In United States, the employment rate measures the number of people who have a job as a percentage of the working age population. The USEMR was increasing steadily up to 2% when Covid hit.
Under the Biden administration, unlike many European countries, America decided to give money to workers, rather than pay companies to keep people in employment. The share in work fell, but America’s economy bounced back more quickly than Europe’s. Biden administration takes credit for a 4.8% increase since taking office.
Change from inherited point to exit:
TRUMP: -14.5%
BIDEN (inherited point to current) : +4.8%
6) Unemployment Rate / FRED:UNRATE
Trump inherited a steadily decreasing unemployment rate from the Obama administration. The UNRATE continued to drop until -25.8% after which, again, covid. It is true that the Biden administration inherited a tough one here, and there has been a 15% increase after bottoming out during April 2023. Unfortunately, this chart seems to be steadily increasing.
Change from inherited point to exit:
TRUMP: +36.4%
BIDEN (inherited point to current) : -39%
7) Money Supply / ECONOMICS:USM2
US M2 refers to the measure of money supply that includes financial assets held mainly by households such as savings deposits, time deposits, and balances in retail money market mutual funds, in addition to more readily-available liquid financial assets as defined by the M1 measure of money, such as currency, traveler's checks, demand deposits, and other checkable deposits. Historically, when the money supply dramatically increased in global economies, there would be a following dramatic increase in prices of goods and services, which would then follow monetary policy with the aim to maintain inflation levels low.
Trump administration inherited a steeply increasing supply which kept increasing rapidly. Currently, under the Biden administration, the M2 seems to be moving towards an equilibrium.
Change from inherited point to exit:
TRUMP: +45%
BIDEN (inherited point to current) : +7.7%
______________________
Note that these are not THE ONLY charts we can look at. In fact, I encourage you to post yours below! Which other measures are you looking at? Treasury, perhaps Bonds? Feel free to share them and lets compare!
Make MEME Great Again ---- TRUMPAfter the approval of the ETH ETF, market’s attention will turn to monetary policy and the election in November. Over the weekend, former US President and 2024 Republican presidential candidate Donald Trump stated in his speech that he would accept crypto donations, and If he succeeds in becoming president, he will promote the development of crypto and BTC in the United States, and oppose CBDC. This is historic. Trump is the first candidate to express his support for crypto, in stark contrast to his main challenger Joe Biden.
In this context, meme coin TRUMP has gained market attention. Although there is no evidence that the TRUMP token in Trump’s crypto wallet was actively purchased by him. But for meme coins, interesting concepts and hooking up with celebrities are the conditions for pumping, and TRUMP did it. There are still 6 months left before the US election. TRUMP and the meme coin with the concept of election will become the focus of the market at this stage. Donald Trump may even be elected as the next president because of this historic decision.
We can see that with the rise in recent days, TRUMP has risen above the high point at the time of listing on exchanges, and the trading volume has gradually increased. It can be seen from the TSB indicator that after TSB prompted a BUY signal on May 23, TRUMP began a new round of rise. The columns are currently well above the wavy zone and the uptrend is healthy. Meme coins are suitable for our indicators.
Introduction to indicators:
Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated.
KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
#TRU\USDT#TRU
The price is moving in a descending channel on a 4-hour frame.
The price is moving within it and is adhering to it to a large extent.
We have a support area in green and bounced from it at the 0.0800 level.
We have a tendency to hold above moving average 100.
We have a downtrend on the RSI indicator that supports the rise and is about to break higher
Entry price is 0.1000
The first target is 0.1190
The second goal is 0.1377
the third goal is 0.1554
TRUMPCOIN MAGA - Could we see triple digits before the election?Not a fan of the person but am a fan of making money off the most memeable memecoin ever that is TRUMP (MAGA).
- Huge bullish engulfing weekly candle
- Been seen pumping even when the rest of the markets going down
- Growing number of holders, market cap etc
- Election about 4 months away, plenty of time for it to kick off
- In a nice up trend
- Trying to breakout
Not financial advice, this was at $4 less than two weeks ago and it could certainly return BUT I feel like theres so much time for growth for this meme that I won't be selling anytime soon.
DJT - Range bound for nowDJT has had some wild swings lately. Impressively DJT pushed deep into overbought territory on the longer duration weekly timeframe. The company is sitting on under $400K of cash and carries a debt load of nearly $6.8M!
From a technical standpoint how can we take a view of where the price might go next? With all the noise the monthly timeframe is where I think we start to get a clear view for now. It looks like price could be settling into a range, momentum cooling for a while.
Folks thinking about shorting the company may want to wait until the price gets back towards the top of the range, and consult the momentum when that happens. Otherwise, I'd be patient and let this thing settle into something recognizable.
🚨$DJT: It's Not Over Yet! 🚀🚀🚀Hi everyone,
Despite a significant drop of 21% today, our indicators suggest the downtrend might not persist. A rebound above the daily level could signal a bullish trend, potentially leading to a weekly cross above the monthly. This could aim the price towards the $63 mark, aligning with the 0.618 Fibonacci resistance level. Conversely, if the price dips below the daily level, the monthly level could offer support. Let's see where this goes in the next few weeks.
Good luck!
DJT Dead Below $32 | Bullish Above $32Unbiased scenarios for DJT media of Truth Social, based on simple conditions of holding or losing a neckline at 32 bucks.
Below $32 = Bearish:
A weekly close below $32 that isn't immediately recovered in the following week likely means it is headed further down towards 12.50. There is an unfilled gap around ~17.50-18.50, so at the very least it could revisit that area.
Above $32 = Bullish:
Should the weekly remain above $32 instead, expect to see it revisit $82 with an eventual weekly close near that level, and then continuation up towards $132
Best of luck!
Trump Media's Truth Social Sink Amidst Share Registration FilingFormer President Donald Trump's foray into social media, Truth Social ( NASDAQ:DJT ), faced a significant setback as its parent company, Trump Media & Technology Group Corp., ( NASDAQ:DJT ) registered shares for potential resale. This move sent shockwaves through the market, with the company's stock plunging by as much as 20%.
The registration includes shares held by insiders and those linked to warrants, marking the first step towards allowing Trump and other insiders to potentially capitalize on their stakes in the company. With as many as 146 million common shares and 21 million shares issuable upon warrant exercise now registered, investors are closely monitoring the situation.
The impact was not limited to common shares alone; warrants, which are tied to the stock and allow holders to exchange them for shares, also experienced a significant downturn, dropping by 12%.
While such filings are customary for blank-check deals like Trump Media's, completed last month to take the company public, the move has raised concerns among investors. However, it's important to note that the filing does not necessarily mean an immediate sale is imminent, nor does it guarantee future sales.
Technical Outlook
Truth Social stock ( NASDAQ:DJT ) is trading below the 100-day Moving Average (MA) residing in the oversold region with a Relative Strength Index (RSI) of 27.12 indicating a strong bearish trend.
TECHNICAL TUESDAY 3/26/24Today may or may not pan out as far as triggering an entry.
As of right now we are hitting 2 out 5 on the checklist which means, NO ENTRY.
Will revisit at 0845.
what will I be looking for?
US Core Durable Goods Orders
US Durable Goods Orders
Why? Because 'actual' less than 'Forecast' is good for precious metals. If this happens at 0830, Ill feel better about entering the buy stop.
Why will I not be selling even if given a signal? Welp Jimothy, because its above water and thats a no-no.
And for the love of sweet baby Jesus, please dont over leverage.
********Disclaimer********
The trade ideas and insights provided on this channel are for informational and educational purposes only and should not be construed as financial advice. Trading involves substantial risk and is not suitable for everyone. You should carefully consider your financial situation and consult with a qualified financial advisor before making any investment decisions. Past performance is not indicative of future results. The content shared here is based on personal opinions, analysis, and interpretation of market trends, and it may not always be accurate or up to date. By participating in these trade ideas and insights, you acknowledge that you are solely responsible for your own investment decisions and any outcomes that may result. The moderators and administrators of this channel shall not be held liable for any losses incurred from trading activities. Always conduct your own research and due diligence before engaging in any trading activities.
Truth or Dare?
NASDAQ:DWAC
History: Merger between Digital World Acquisition Corp and Trump media and Technology Group was approved to take his social media platform Truth Social Public
Idea:
1)Wait for the brief dip before buying ( around $47.20) and hold for this to cross $53.49,
We are seeing a short squeeze in the stock, I expect a sharp decline once the DJT stock price "true value" is realized
Truth Social IPO is on Tuesday 3/26/24
DWAC shareholders & Trump approve merger then fake news LONGDWAC voted to merge with former presidental Trump social media enterprise. Then a CNBC staff
writer has an article:
Donald Trump told followers, “I LOVE TRUTH SOCIAL” — but shareholders in the newly merged company that will own that social media app might not feel so great.
The shell company Digital World Acquisition Corp. saw its share price plunge nearly 14% in the hours following shareholder approval Friday morning of a merger with the former president’s social media company to take it public.
The drop could reflect concerns about whether Trump Media & Technology Group, which is being merged with DWAC, can ultimately deliver significant revenue — and whether Trump will try to cash in on his share early because of his many legal problems.
My review of the chart is that DWAC underwent normal volatility going into a merger vote
without complications. The volatility is healthy and traders/investors are contesting fair
value. Share price is the same as it was two weeks ago. Astute traders may consider this a
discount move for a long position. Trump is a majority shareholder. Of course, a buy of shares
benefits both the buyer and Trump in stabilizing market cap which has slowly fallen. He
cannot sell shares to fund legal proceedings and their costs for six months. The writer
who I have not named, in my opinion only, does not know jack____. He is simply trying
to put up a headline gets some reading volume and capitalize on it. He should get
one of the stock analysts that consult on his network to give him an education and then
publish a retraction. The headline might be " This clueless writer but out fake news and
is now better informed. He apologizes to the subjects of that fake news"
Enough said.
#TRU/USDT#TRU
The price broke the descending triangle upward
Drawing support from the green support area
We have support from the RSI indicator
We have a higher stability of Moving Average 100 that supports the rise
Entry price is 0.05600
The first target is 0.06300
The second target is 0.06853
The third goal is 0.07532