Trump
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********
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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
BTC pain is next Alright, listen up, folks. I know things might seem rocky right now in the world of BTC, but let me tell you something – this is not the time to panic. Sure, there might be a correction looming on the horizon, but that doesn't mean it's the end of the world. In fact, it's far from it.
Think about it. The big boys, the whales, they've been in this game for a while. They know how to navigate these waters, and they're already sitting pretty with their profits, probably even leveraging their positions. But what about us? Are we going to let fear dictate our actions?
No way. This is our time to shine. This is our opportunity to show resilience, to show strength, to show that we're not going to be shaken by a little turbulence in the market. Remember why you got into this game in the first place. Remember the potential, the excitement, the thrill of being part of something revolutionary.
So, I urge you, don't succumb to panic selling. Don't let fear cloud your judgment. Instead, stay calm, stay focused, and stay determined. This is just a bump in the road, a test of our resolve. And I have no doubt that we will come out of this stronger than ever before.
Believe in yourselves, believe in the power of BTC, and together, we will weather this storm and emerge victorious. Let's show the world what we're made of. Let's hodl strong!
$S&P500 - Will just RIP Higher for the next the couple weeksSP:SPX AMEX:SPY
There's just almost zero technical resistance right now, just boring fibonacci levels.. Other than some new news event...
I have a hunch, only a hunch, that this market is "baking in" a Trump elected Presidency. Tin Foil hat conspiracy, but I'm starting to think that. Call me crazy, but the 5, 7, and 10 years US trees yield curves have been trickling higher.
I believe that everything is going to crashing down soon, but it keeps creeping & popping, popping & lockin, higher. I think it's Trump affect or something.
DWAC - What do you think of this chart ?Pretty wild ride. Pure political name. And election year.
Technicals screaming like amazing trade but any catalyst news can take this for a wild ride.
Just watching this for now, What do you think of this chart ?
$DWAC is Skyrocketing along w Trump poll #’s This is Trump’s SPAC that IPO’d back Oct 2021.
Based on the the 1st two days of trading, the Fibonacci levels don’t lie.
So here’s my thesis.. Since Trumps landslide victory in Iowa primary, this stock has been on a tear, up 240%.. and i have some info that the past week is only the start.
Tonight is the New Hampshire primary and i have a hunch that not only beat Nicky Haley, but this stock will CONTINUE TO MOON into SUPER TUESDAY primaries.
$442 is not an unreasonable price target based on its action.
This may very well be the Gamestop of 2024. NASDAQ:DWAC
DWAC Trump Ai Worldcoin Digital Acquisition TwitterThis one is a total crapshoot. ticker is historically pumped and dumped, my guess is that another catalyst is delivered this week to churn up mania buying again.
Then itll be out of gas for a while
be cautious if attempting to invest long term in Trump proxy-grifter corporations like this.
BTC Bottom inThe BTC bottom is in. This is the last scary candle before the start of the slow rising.
One of the major facts that contribute to the bottom is in theory this week was the Donald Trump NFT collection launch, here are my brief thoughts on it:
- Donald Trump surprisingly launches his NFT collection in 180 degrees move in his opinion about crypto. He has just launched it now, after FTX fall, after Sam went to jail, very close to XRP settlement, close to BTC bottom and on the Polygon network.
- Trump is also an official candidate for the US presidency which makes things very interesting because now his opposition has only two options, take a contrary approach to crypto to attack Trump or make their own NFT to compete and not let him get the benefit alone. I see a next-to-zero chance of Trump's opposition going against the industry just to attack him, that would be very silly, so we are going to have some sort of "Democrats NFT" coming shortly. In politics, if you don't have what your opponent has, you are losing. Trump NFTs are already sold out, if you like it or not, the news about it was all over the place. To catch up, and show that they also can, the democrats will launch their own for sure.
This scenario brings a very interesting thing. Having politicians, of the major American parties using blockchain to launch their NFTs, put them in a seat that is hard to condone the industry. How Trump can now criticise cryptocurrency if he is the one using it?
I have to admit, this was a very smart move by Mr. Trump.
obs:
*I don't care if you like Trump or not
*I am not interested in the quality of the NFT, just the fact that they were launched
*This is not about politics so if you are a trigger-brainwashed militant, please go away
*If I am wrong and BTC drops to 12k, bad luck, I was wrong, and that is all
WTI USOIL DRAWED TRUMPTVC:USOIL
I see clearly in the OIL chart the 45th President of The United States .
This is beyond technical analysis!
I can not be the only one who see this..
Fellow traders i dont know how to trade this but we all gonna meke $130,000 in the end.
I can only ask for your upvote.
Peace out.