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
Stewdamus Trades -
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
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
相關出版品
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
Stewdamus Trades -
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
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
相關出版品
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。