Crypto summit disappoints, Bitcoin teeters on support Bitcoin surged on March 3 after Donald Trump announced a strategic crypto reserve, only to erase gains following erratic tariff announcements the following days.
Friday’s White House crypto summit, expected to be a turning point, fell flat. Trump met with top crypto executives, promising to ease Biden-era regulations, but offered only vague commitments. Instead of rallying, the market has declined further.
A silver lining for Bitcoin came with Friday’s weak jobs report, increasing the likelihood of Federal Reserve intervention. Historically, Bitcoin benefits when interest rates fall. Although this is yet to be reflected in the price.
Technically, BTC/USD is testing the first support on the pitchfork indicator, with the money flow index suggesting no buying pressure at the moment. A drop below Monday’s low of $81,620 could invalidate any bullish outlook.
Strategicreserve
ADA - Giant Cup & Handle Pattern Just Like ETH MartyBoots here , I have been trading for 17 years and sharing my thoughts on BINANCE:ADAUSDT here.
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BINANCE:ADAUSDT is looking beautiful , very interesting chart for more upside
and is now added to the USA Strategic Reserve
Do not miss out on BINANCE:ADAUSDT as this is a great opportunity
ADA Strategic Reserve
Watch video for more details
Jesus Took The Wheel After All?An amusing thought...
After a week full of FUD, manipulation, and a turn to risk-off, BTC's price action appears to have assumed a familiar pattern--for now, anyway.
(Beating and finding support above 96K would likely validate this absurd turnaround.)
Will traders sell the news next week???
ADA breaking up from bullflag/handle targets= 1.88 & 2.40Unless this is some sort of strange bull trap. The recent declaration o Trump’s Truth Social page that he will be including ADA in the Strategic reserve has resulting in a major pump for cardano here which will likely confirm the breakout of both this bull flag its currently above and the cup and handle it’s about to be above (yellow line) *not financial advice*
XRP strategic reserve announcment! UPDATED FORECASTAs indicated in prior post (see: ) we have now reached the near term liquidity target at 2.8-2.9 zone; this news of a strategic reserve is highly likely to be sold off to trap both bulls & bears who are over-leveraged.
They rarely waste a good PR for such price action.
Expecting one more liquidity sweep below 1.70 for a final discount buy opportunity!! Looking to enter with LIMIIT buy orders at 1.65 area; its possible that we extend as low as 1.35 but my mentality is its best not to be idealistic, perfectionistic, or entitled at those levels! The market does not owe you the best or lowest price on anything! For that reason, consider anything below 1.70 to be a huge gift with a big big bow wrapped around it!