Trump Inauguration - To the Moon or Sell the News?Crypto Market Cap Nears ATH – Is Another Sell-Off Brewing? 🚀
The total cryptocurrency market cap is currently sitting at $3.62 trillion, inching closer to its all-time high of $3.73 trillion. Bitcoin has been leading the charge, smashing its ATH with renewed bullish momentum. However, recent patterns suggest caution—sell-offs have often followed Bitcoin breakouts this cycle, as traders lock in profits.
Altcoins have also been making headlines. Solana (SOL) has seen an impressive rise, solidifying its place in the top crypto rankings. Meanwhile, the newly hyped Trump Coin has debuted on Robinhood, sparking interest and controversy alike.
With the market cap on the verge of breaking records, it’s a crucial moment to keep an eye on key support and resistance levels. Will we see another sell-off, or is this the start of the next leg up? Our best guess? Some choppinenss around the corner but ultimately the most bullish crypto administration ever will bring in the ATHs! 🚀
Join the discussion below and let’s navigate this market together! 🚀💸
Trumpcoin
Bitcoin: Don't be blind to the world (Trump inauguration)Regular readers will know that we avoid fundamental analysis In these reports - we stick to the price.
But that doesn’t mean being blind to the world around us.
On Monday January 20, Donald Trump will be inaugurated as US President.
I’m sure many of you have your political views about Trump - but just keep those away from your trade ideas!
The crypto market - and Bitcoin especially - has been on a huge rally since Trump spoke at a Bitcoin conference in favour of cryptocurrencies last year.
There’s a chance President Trump could mention Bitcoin in his inaugural speech but even if he doesn’t, the prospect of favourable regulation is broadly positive for Bitcoin - or if we’re more honest - the idea of better regulation could be enough justification to keep the crypto bull run going for now.
Bitcoin
On the weekly chart, we can see Bitcoin (BTC/USD) has been trading sideways around the $100,000 level - with roughly $90,000 as support.
But bigger picture it’s a huge uptrend and we want to trade in line with the trend (as always)
Importantly - it just closed the week back over the critical $100K mark - and it did so with a bullish engulfing candlestick that engulfed the previous 3 weeks.
As a reminder - where the week closed is more important than the high or low of the week - and a weekly close is more significant than a daily close. You can think of the closing price as the price that everybody agreed was the right price for that period.
The final missing piece to the bullish breakout is a weekly close at a new record high.
On the daily chart we are watching the broken trendline as well as the $100k level as support that needs to hold if the breakout is going to happen soon.
But while the price trendline is not especially reliable with only two ‘touches’ or swing points the broken RSI trendline is much more significant and shows a big pickup in momentum that will be needed if the price is to break out.
If the breakout does happen, the first barrier that needs to break is $110,000 but after that $120k then even $130k could come quite quickly given Trump’s inauguration this week.
But - as always - that’s just how my team and I are seeing things, what do you think?
Share your ideas with us - OR - send us a request!
Send us an email or message us on social media.
cheers!
Jasper
TRUMP reached $15B in market cap! Should this even be legal??OFFICIAL TRUMP (TRUMPUSDT) was launched officially on Friday by President Donald Trump, reaching a market capitalization peak of $15 billion.
It naturally falls into the category of memecoins and even though the token may very well keep rising with its technical corrections and rallies, the big question that is on everyone's mind is this:
SHOULD IT EVEN BE LEGAL?
This post isn't a political one, we wouldn't care any less if the token was named Bidencoin or Obamacoin. Our concern falls purely in the economic sphere and the financial consequences a price collapse may have on its (naive?) investors and the whole crypto market in general.
Obviously, having released only 20% of supply to the general public while the remaining 80% of tokens that have yet to be publicly released are owned by the Trump Organization affiliate CIC Digital LLC and Fight Fight Fight LLC (a company formed in Delaware on Jan. 7), is in principle a positive step and a small sign towards proper governance. But naturally the token’s website includes a disclaimer noting TRUMP is “not intended to be, or the subject of” an investment opportunity nor a security of any type, and is “not political and has nothing to do with” any political campaign, political office or government agency.
Again to avoid confusion, the token may very well extend the current rally, after all it has been on 3 enormous straight green candles, and even double in price and enter the top 10 of crypto with more than $30B cap.
But can you image the consequences to the whole market if some of that 20% of public supply or any of the 6 wallets that own more than $600 million each, makes a rug pull? Beyond the ethical aspect, should it be legal for the President of the United States to have such a large stake on this kind of venture? Does the idea of a 'free market' apply under the above conditions?
We are just raising our concerns and nothing more, as it took us, the whole crypto community, 25 years to get the market from a state of ridicule to a global force that is already reshaping the world as we know it. And it is our responsibility to question moves and call potential dangers if we see one. How will it reflect to crypto investors if the U.S. President's coin goes from no 15 in the market cap to bust? It took a lot of years and effort for the first BTC ETF to attract high profile capital to the market from investors that would otherwise never though of buying cryptocurrency if it weren't for Blackrock and others to back it up with an ETF. Will those people or even normal investors maintain their appetite if the U.S. President fails to safeguard even his own coin?
Lots of questions, tough answers. Feel free to tell us what you think about TRUMP's coin.
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Trump Coin Possibly Fibonacci Path to Hit $700First, in History, a United States Presidential Official Crypto Token. You could look at this as a possible artwork investment. A Possible 32 Fibonacci to Hit $700 if it can follow the hype of Doge from the last Bull Run. Only 40 million tokens are available in the market for the next 2+ years (not sure of the 3-year start date from Jan 2024 or Jan 2025), with the others being locked up. And if any unforeseen event occurs sadly, I am sure the value will rise even more. So you currently have 3 options: 1- Buy and sell within about two months seeing if you are able to sell at the top of the Alt Coin season. 2- Buy and sell before the remaining 80% of the token is released before the 3-year mark. 3- Buy and hold for the long term as a piece of artwork. Or a combination of all three if you get more than one. #Trump #Trumpcoin
TRUMPomania - 3 variants of possibly Bulls RallyCrypto markets have been rocked by the launch of an "official" Donald Trump memecoin this weekend—with traders braced for more mayhem this coming week.
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The price of the "official" Trump memecoin has surged since its Friday evening launch, breaking into the crypto top 20 by market capitalization and hitting an eye-watering $14 billion.
Now, as leaks reveal Trump is readying a flurry of crypto-focused executive orders, Trump's wife Melania has launched her own rival cryptocurrency—tanking the price of Trump's coin.
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Bitcoin - New All time high incomingAs you can see, Bitcoin is about to close a weekly candle over the previous VSA resistance. $TRUMP token has also pushed bullish narrative onto public therefore I think that this correction is over.
Next stop is around 127k and after that we should reconsider whether there will be continuation or that's it.
The Great Trump Pump Continues We successfully hit the ExoFade predicted target. Now a new peak has formed and the new peak is the new predicted target of $86
Its a mix of Fear and Excitement.. We all know what happens when anything goes up too fast in record time, a dump is always around the corner. So i can't stress enough how cautious we need to be extremely careful and practice smart risk management, especially since we haven't seen any serious pullback yet.
Until then we'll continue trading each cycle. Take profit when price reaches each peak or at least take some profit. After securing profit re-enter when price pulls back and re-claims the ExoFade line. There are some other indicators that help me with the re-entry that i cannot mention in this post due to house rules, so you can use whatever pull-back re-entry strategy you currently use or reach out to me if you want access. As for the ExoFade, just search for exofade in the tradingview indicators library so you can follow me as i am executing these trades.
Buy (DJTUSDT) 🚨 Trade Signal Alert: Trump Coin 🚨
📈 Entry: $0.000382
🎯 Target: $0.000650
🛑 Stop-Loss: $0.000325
⚖️ Risk-Reward Ratio (RRR): 4.7
Analysis:
This trade is based on key technical levels combined with geopolitics/fundamentals. I anticipate strong momentum and a potential pump by tomorrow.
👉 Support this analysis: Follow, comment, and like to show your engagement and stay updated with future signals!
TRUMP coin analysishello guys.
are you interested in getting position in TRUMP coin?!
Supply Zone (S&D): Price has recently tested a prominent supply zone around the $5.50 level, which acted as a strong resistance and caused a bearish reversal.
Descending Channel: The price is moving within a descending channel, suggesting a continuation of the downtrend. The channel's resistance and support lines provide potential reversal points.
Support Zone: A significant support area is located around $2.20 - $2.25, which could act as a potential target if the price continues to drop.
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.