21k before Trump will lose USA elections in November.So it's obvious, that BTC will rally to reach new ATH before November and will collapse miserably after Trump will lose USA election and stock market crash. Also, COVID-19 will create real apocalypse in the USA (I'm talking about riots and shooting in the streets because bastards there have too many guns and not so much brain). But if Russia will help Trump with reelection, bitcoin will pump further to the moon.
#shorttesla
Trump
Bitcoin Swinging to 100K?Bitcoin (BTC) Swinging to $95k then $100k? With confirmed interest in crypto from the Trump Media (DJT). They are signaling that crypto will be the next hot thing. We are at all time high for crypto Market Cap at $3 Trillion. More money will pour in if banks and the US become more Crypto-friendly!
"A Strong Setup for Bitcoin's Surge to $110K NEXTBitcoin is trading around $96,000, with strong indicators pointing toward a potential surge to $110K. The cryptocurrency’s recent price action has captivated market watchers, as it consolidates within a narrow range below the $110,000 threshold.
Analysts view this consolidation phase, between $95,000 and $98,000, as a necessary breather following a major rally. It provides the market with time to stabilize before its next potential breakout.
**Consolidation or the calm before the storm?**
On the daily chart, Bitcoin’s reduced volatility highlights market indecision. Yet, technical indicators suggest a bullish undercurrent. The moving averages reveal a golden cross pattern, with the 50-day moving average staying well above the 200-day average—a strong signal of sustained bullish momentum.
With the stage set for a decisive move, Bitcoin’s next steps could determine its trajectory toward the $110K mark.
LINK ON BIO FOR ALL INFO
TradeCityPro | NEARUSDT Analysis Attempting to Reach a New ATH👋 Welcome to the TradeCityPro channel!
Let's analyze one of my favorite coins, NEAR, and evaluate its potential short-term and long-term targets.
🌍 Bitcoin Analysis
Before starting the NEAR analysis, as usual, let's take a look at Bitcoin during the London session. Bitcoin is still ranging and even slightly trending downward. On the other hand, Bitcoin dominance (BTC.D) has a clear bearish trend, allowing altcoins to pump and move upward.
Educational Note on BTC.D: If Bitcoin breaks above $100K, BTC dominance will likely rise initially, pushing altcoins along with Bitcoin. Later, BTC dominance might retrace to levels like 59.60, enabling another altcoin rally.
📅 Weekly Time Frame
NEAR stands out as one of the coins that made a significant bullish move early on, even before the broader crypto market rallied in 2023. After breaking out of its falling wedge pattern, NEAR initiated an upward trend.
falling wedge is inherently bullish and signals a trend reversal, especially when observed on higher time frames.
NEAR never revisited its major support at $3.736 and instead bounced strongly from there.
The coin is now approaching its previous peak of $8.289.
After bouncing off the 0.382 retracement level (from $3.736), NEAR looks ready for further upside , Potential Fibonacci extension targets: $13.556 - $30.183 - $53.370
Upon breaking $8.289, we can plan an entry while adhering to risk management, with a stop-loss at $3.736 for mid- to long-term holding.
📊 Daily Time Frame
NEAR recently bounced from $3.525, initiating a strong rally that reached the resistance at $8.289. The price experienced rejection at this level, leading to a consolidation phase.
Abeautiful parabolic trendline can be observed, where NEAR continues forming higher highs and higher lows , Each touch of this trendline has resulted in a bounce so far.
Breaking this parabolic line could indicate a short-term correction but doesn’t necessarily mean a full trend reversal.
Post-breakout above $8.289, with RSI entering the overbought zone (around 78.90), is a potential buy signal , Suggested stop-loss levels: Risky: $10.50 - Safer: $7.51
Personally, I’d rather take a stop-loss than miss out on a breakout caused by whales.
⏳ 4-Hour Time Frame
NEAR has been ranging between $7.16 and $13.78 for several days, clearly defining potential triggers
📈 Long Position Trigger
break above $13.78 presents an excellent opportunity to open a long position, with even a stop-buy setup before reaching the level.
📉 Short Position Trigger
I am currently not considering short positions, focusing solely on long entries after corrections.
💡 BTC Pair Insight
NEARBTC has also shown a strong setup. After its rally in 2023 and early 2024, it has been consolidating gradually.
NEARBTC hasn’t revisited its key support this year, which is a positive sign.
The coin is now breaking a key resistance trendline, further justifying a focus on USDT-based triggers.
📝 Final Thoughts
Stay calm, trade wisely, and let's capture the market's best opportunities!
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
ADA | Crypto, Congress & CardanoCharles Hoskinson & Trump Team Up to Tame the Wild West of Crypto
The trading volume for Cardano reached $ 5,150,683,356 over the last 24 hours, marking a significant 390% increase from the previous day and reflecting a recent surge in market activity.
Cardano's founder, Charles Hoskinson, has confirmed plans to work with the US government under Donald Trump's leadership to help shape cryptocurrency legislation. The primary objective is to establish clear regulatory frameworks for the cryptocurrency sector, which has long dealt with uncertainty and regulatory hurdles.
In his latest comments, Hoskinson emphasized that developing favorable policies for cryptocurrency would require support from both Democratic and Republican parties. This announcement comes as Cardano and other major blockchain networks, like Bitcoin, continue to face legal challenges from US agencies
Hoskinson underscored the significance of bipartisan cooperation, noting that the recent FIT21 bill passed in the House with support from over 60 Democrats, reflecting growing momentum for bipartisan crypto legislation.
He also acknowledged the potential influence of a future Republican-controlled Senate, House, and presidency, suggesting that the current political landscape could provide the crypto industry with a long-sought path to legal clarity.
Honestly this is the only miracle that could happen for ADA holders and the only factor that could move ADA cuz they missed so many opportunity includin ETFs
ADA next major resistance is 0.79$ and if BTC keeps lagging alts will follow the pump too
Gold hard to TA, but Silver save the day, got 5 bullish targetsGold hard to TA, but Silver save the day, got 5 bullish targets
Biden attack to Russia change the trend for now, bearish signal maybe later when Trump become president. The presidential inauguration is always held on Jan 20, so after Trump inauguration maybe bearish signal again
#Bitcoin and the Trump effect! CRYPTOCAP:BTC , which was $701 on the day Donald Trump won the US elections on November 8, 2016, rose parabolically to $1140 in 57 days, followed by a correction of 33.90%, and went parabolic after Trump took office on January 20. It continued its rise and reached 19.6 thousand dollars in December 2017, reaching its peak.
2024, #btc which started with 67k on November 5, followed a parabolic run after Donald Trump won the US elections and reached almost $100k. If we compare it with 2016, I expect the rise to $110k to continue and a healthy correction to occur before Trump officially takes office on January 20, after which the parabolic run will continue harshly.
It should definitely be noted that Bitcoin is in a bull run and such corrections will not be permanent and will serve as fuel for a major rise.
I would also like to point out that this comparison is just an opinion and does not contain financial advice.
Yen rally fizzles, Tokyo Core CPI expected to riseThe Japanese yen is lower on Thursday, after climbing 2.4% over the past two trading sessions. In the European session, USD/JPY is trading at 151.83, up 0.57% on the day. On the data calendar, Japan releases Tokyo Core CPI. In the US, the financial markets are closed for the Thanksgiving holiday and there are no US events.
Tokyo Core CPI, a leading indicator of nationwide inflation trends, will be released on Friday. The market estimate for November stands at 2.1% y/y, following a 1.8% gain in October, which was the lowest level since April. The headline rate is expected to rise from 1.8% to 1.9%.
October inflation numbers have been mixed. The Bank of Japan Core CPI index surprised on the downside with a 1.5% gain, down from 1.7% in September. However, services inflation inched up to 2.9%, up from 2.8% in September and above the forecast of 2.5%. If the Tokyo inflation release accelerates as expected, it will likely raise expectations of a rate hike from the Bank of Japan at the Dec. 19 meeting.
Inflation isn’t the only item on the minds of BoJ policymakers. There is significant political uncertainty both at home and abroad. Prime Minister Ishiba lost his majority in parliament in the October election and needs opposition support to pass a supplementary budget. In the US, President-elect Trump is threatening to slap tariffs on its trading partners, which could have massive negative implications for Japan’s auto industry, a key sector of the economy.
On Wednesday, US GDP (second estimate) confirmed the initial estimate gain of 2.8% for the third quarter. This indicates solid economic growth, which has been helped by strong consumer spending. The worries about a recession have subsided and the Fed has signaled that it plans to gradually continue trimming interest rates.
USD/JPY is testing resistance at 151.60. Above, there is resistance at 152.75
149.97 and 148.82 are the next support levels
WTI - Stability in the Middle East!WTI oil is below the EMA200 and EMA50 in the 4H timeframe and is moving in its downward channel. If the downward correction continues towards the demand zone, the next opportunity to buy oil with a suitable risk reward will be provided for us.
Following the ceasefire in Lebanon, U.S. President Joe Biden announced that in the coming days, the United States will work with regional countries, including Turkey, Egypt, Qatar, and Israel, to achieve a ceasefire in Gaza that guarantees the release of hostages and the end of the war.However, he emphasized that such a ceasefire should not allow Hamas to remain in power.
U.S. President-elect Donald Trump plans to impose a 25% tariff on imports from Canada and Mexico on his first day in office. This tariff will also include crude oil, with no exceptions considered. Additionally, Trump is preparing another executive order to lift the suspension on liquefied natural gas (LNG) export permits that was implemented under Joe Biden’s presidency. This executive order might require the Department of Energy to approve pending permits or resume reviewing new applications. This move is seen as part of Trump’s early energy policy agenda.
Wall Street has expressed concerns about the potential impact of Trump’s second term on oil prices. Analysts suggest that oil producers may try to boost production before stricter regulations from the Biden era return. However, some experts believe that the nature of shale oil production in the U.S. makes long-term supply increases challenging. Unlike OPEC nations, where oil production is often controlled by national oil companies, oil production in the U.S. is divided among major corporations, independent producers, and private companies.
This analysis aligns with Goldman Sachs’ outlook. Goldman Sachs has forecasted that U.S. crude oil production will increase by just 500,000 barrels per day this year, down from the 1 million barrels per day increase seen last year. Nevertheless, the U.S. will still account for 60% of non-OPEC oil production growth, with the Permian Basin in North America expected to grow by 340,000 barrels per day—lower than Wall Street’s initial projection of 520,000 barrels.
According to Bloomberg, Russia’s seaborne crude oil exports have reached their lowest level in two months. The four-week average of these exports up to November 24 dropped to around 150,000 barrels per day, marking the fourth decrease in five weeks. This decline is largely attributed to a significant reduction in oil flows to India, Russia’s primary buyer, although weekly exports have seen a slight uptick.
Additionally, Saudi Arabia, Russia, and Kazakhstan have issued a joint statement emphasizing the importance of market stability and their commitment to voluntary production cuts under the OPEC+ agreement. In this context, Reuters analysts predict that OPEC+ will likely maintain its oil production cut policy for an extended period due to weak global demand. This group, which accounts for nearly half of the world’s oil production, faces challenges in deciding whether to increase or further reduce production. Increasing production is risky under current conditions, while further cuts may be difficult due to some members’ desire to boost output.
Meanwhile, rising gas prices have posed significant challenges for European policymakers this winter. Javier Blas, a Bloomberg analyst, believes that Europe has not yet fully faced the realities of the energy crisis caused by Russia’s invasion of Ukraine. He warns that Europe has overly attributed last year’s successes to favorable weather conditions. However, these conditions have changed, and this winter is expected to bring higher gas and electricity prices. This situation places significant pressure on energy-intensive industries, with many large factories either reducing activity or shutting down. Households, too, will face greater inflation due to higher energy costs.
These challenges have also put central banks like the European Central Bank and the Bank of England under pressure. Wholesale gas prices in Europe have risen to €47 per megawatt-hour, which is double the February price and 130% higher than the 2010–2020 average.
USD/MXN Soars Above 20.81266 Amid Tariff TensionsThe USD/MXN pair has surged above 20.81266, marking its weakest level since March 2022. This sharp movement is driven by Trump's announcement of a 25% tariff on imports from Mexico, which poses significant risks to Mexico's economy, particularly affecting the crucial auto sector. With the US accounting for over 83% of Mexico's exports, these tariffs could disrupt the trade balance and amplify peso volatility, leading to increased investor uncertainty and potential capital outflow. The Mexican peso has depreciated approximately 20% this year, compounded by concerns over fiscal expansion and a robust US dollar. Retaliatory tariff measures suggested by President Claudia Sheinbaum could further complicate the trade landscape, exacerbating tensions. Traders should closely monitor developments in US-Mexico trade policies and potential domestic policy responses in Mexico. Given the prevailing uncertainty, market participants may seek safer assets, which could further impact USD/MXN movements
Brent - oil waiting for regional stability!Brent oil is below the EMA200 and EMA50 in the 4H timeframe and is moving in its upward channel. At the bottom of the rising channel, we will look for positions to buy oil. In case of a valid failure of this channel, we can witness the continuation of the downward trend.
U.S. President Joe Biden announced that Israel and Lebanon have agreed to a ceasefire. He expressed gratitude to French President Emmanuel Macron and emphasized that Israel did not initiate this war, nor were the Lebanese people seeking conflict. Biden stated that Israel has destroyed Hezbollah’s infrastructure in southern Lebanon but stressed that lasting security cannot be achieved solely on the battlefield. The ceasefire is set to take effect at 4 a.m. local time tomorrow, aiming for a permanent end to hostilities.
Meanwhile, Goldman Sachs predicted that Brent crude oil prices face short-term risks that could push them to around $80 per barrel in the first half of 2025, assuming Iranian oil supply drops by 1 million barrels per day due to stricter sanctions. In contrast, the bank expects medium-term risks to Brent prices to tilt downward due to high spare capacity in the market. Goldman Sachs also estimated that Brent crude prices could fall below $60 per barrel in 2026 if a 10% tariff is imposed or OPEC increases its supply in 2025.
Separately, Bloomberg reported that China’s small and private refineries are paying higher prices for Iranian oil due to reduced shipments and fewer offers. These refineries have been purchasing light Iranian crude for December delivery at smaller discounts compared to ICE Brent benchmarks. Limited shipping availability and delays have constrained Iran’s oil exports to China.
Russian Deputy Prime Minister Alexander Novak, during a meeting with OPEC’s Secretary-General, stated that Russia intends to strengthen its cooperation with OPEC. Novak highlighted that the energy market remains under significant pressure, with price volatility being one of the key challenges. He stressed the importance of closer collaboration between Russia and OPEC to address these issues, asserting that joint efforts can contribute to greater stability in the energy market. Novak also revealed that Russia is preparing to lift its gasoline export ban, with the necessary documentation expected to be finalized soon, although no exact timeline was provided. He pointed to the market’s balance achieved through OPEC+ actions and quota implementation, emphasizing the importance of continued measures to ensure stability.
According to the latest JODI data, Saudi Arabia’s crude oil exports increased by 80,000 barrels per day in September, reaching 5.75 million barrels per day, the highest level in three months. This rise in exports likely resulted from reduced direct crude oil consumption for power generation as the country’s hottest months came to an end. JODI data showed that direct crude burning fell by 296,000 barrels per day in September, reaching approximately 518,000 barrels per day.
Saudi Arabia, the world’s largest crude oil exporter, saw a slight decrease in oil production in September, down by 17,000 barrels per day to 8.98 million barrels per day. Refinery throughput in the country reached 2.756 million barrels per day in September, the highest in four months and 35,000 barrels per day higher than in August.
This production level aligns with Saudi Arabia’s summer commitment to maintain output at “around 9 million barrels per day,” consistent with OPEC+ cuts and a voluntary reduction of 1 million barrels per day.
Saudi Arabia and its OPEC+ partners have postponed their planned production increases from December 2024 to January 2025. The group now plans to begin increasing supply in January, initially by 180,000 barrels per day for the first month.
Saudi Arabia is expected to deliver less crude oil to China, the world’s largest oil importer, in December. Trade sources told Reuters last week that weak demand in China has prompted Saudi Arabia to reduce its shipments to the country.
USD/CAD price action: Trump's tariffs and the loonieUSD/CAD is approaching 1.4180, its lowest since mid-2020, influenced by Trump's recent 25% tariff hike impacting Canadian exports like oil, gas, and vehicles. While these tariffs pose challenges, Canada's economy shows resilience with higher-than-expected inflation and strong employment data, reducing the likelihood of significant rate cuts by the Bank of Canada. Concurrently, the US dollar strengthens, supported by anticipated policy changes and tariff impacts.
NAS100 - Nasdaq will stabilize above 21 anytime?!The index is above the EMA200 and EMA50 in the 4H timeframe and is trading in its ascending channel. If the index rises towards the specified supply zone, you can look for Nasdaq sell positions to target the bottom of the ascending channel. Nasdaq buying positions will be at the bottom of the channel and the demand zone after the continuation of the corrective movement
The housing sector was in the spotlight last week. The market has regained attention following an unexpected surge in mortgage rates, which have risen by nearly 75 basis points since the Federal Reserve’s first rate cut during its September meeting. According to Freddie Mac, the average rate for 30-year mortgages climbed to 6.8% in the week ending November 21, offsetting much of the reductions seen in August and September.
Existing home sales increased by 3.4% in October, breaking a two-month decline. However, it’s important to note that October’s data largely reflects homebuying activity from late September, a period when mortgage rates were trending downward.
Despite this rise, the annualized sales rate of 3.96 million units in October remains sluggish. By comparison, the 2021 average was about 6.1 million units, with current declines largely attributed to higher yields on mortgage-backed securities (MBS).
Consumers remain relatively resilient, continuing to spend at a strong pace. October’s retail sales data exceeded expectations with a 0.4% increase, supported by upward revisions to previous figures. This trend indicates that households are entering the holiday season under favorable economic conditions.
In the upcoming week, durable goods orders data is anticipated. This segment, particularly aircraft orders, has experienced significant volatility in recent months. Challenges in the aviation industry are among the main reasons for this instability. While strikes may have impacted production last month, Boeing data reveals that only 63 new aircraft orders were placed in October, roughly matching the prior month’s figure. As a result, conditions in October are expected to have stabilized somewhat.
Overall, demand appears to be leveling out, yet uncertainties regarding corporate investment spending persist. Although borrowing costs and interest rates have been decreasing, the extent and intensity of these declines remain uncertain. Federal Reserve officials have recently acknowledged that, due to strong economic data and sticky inflation, rate cuts in the coming months are likely to proceed gradually and at a slower pace. Additionally, even though U.S. elections have concluded, it is still unclear which policies, particularly tariffs, will be implemented.
This week, several regional indicators—such as the Dallas Fed Manufacturing Index, the Richmond Fed Manufacturing Index, and the Chicago Fed National Activity Index—will be released. Monitoring these data points could provide a clearer picture of the U.S. economy’s health and serve as leading indicators for assessing upcoming economic releases.
Fed Chair Jerome Powell recently indicated that both headline and core Personal Consumption Expenditures (PCE) indexes are expected to rise from 2.1% to 2.3% and from 2.7% to 2.8%, respectively, in October. If these projections materialize, the Fed may still proceed with a rate cut in December.
Should the PCE report fail to offer clear guidance on the Fed’s next move, investors will turn their attention to the minutes from the November monetary policy meeting, which will be released on the same day. Additionally, other critical data, such as personal income and spending, durable goods orders, and the second estimate of Q3 GDP growth, will be published on Wednesday.
According to CME data, market participants estimate a 56% probability of a 25-basis-point rate cut in the upcoming Fed meeting on December 18, while a 44% chance of holding rates steady is also considered. These probabilities could shift with the release of more data ahead of the meeting. Furthermore, the minutes from the November FOMC meeting are also expected this week.
Bitcoin is at the end of a two-year uptrend1- Bitcoin is at the end of a two-year uptrend and the $110,000 range is the end of this trend.
2- The impact of Trump’s election on Bitcoin’s growth will be before he enters the White House.
After that, Bitcoin will fall down to $26,000 for at least about 1.5 years. (Contrary to popular belief)
3- From mid-2026, Bitcoin will reach about $200,000 within 2 years.
Current Bitcoin price is about $98800
@JalilRafieefard
November 22, 2024
WTI - oil on fire!WTI oil is above EMA200 and EMA50 in the 4H time frame and is moving in its downward channel. If the upward trend continues and the ceiling of the channel is broken, one can first look for positions to buy it and then look for positions to sell oil in the supply zone.
A downward correction towards the demand zones will provide us with the next positions to buy oil with the appropriate risk reward.
Oil prices climbed as tensions between Russia and Ukraine escalated. Following Ukraine’s announcement that Russia launched an intercontinental ballistic missile targeting the central city of Dnipro, Brent crude rose to $74 per barrel. Previously, Ukraine had primarily relied on long-range weaponry supplied by Western nations. If confirmed, this missile strike would mark the first use of such a weapon since its development during the Cold War era.
In recent days, additional bullish signals for oil prices have emerged. Refinery product premiums relative to crude oil have reached multi-month highs.
In the United States, as fuel producers along the coasts ramped up production to meet rising export demand, profit margins for converting crude oil into gasoline and diesel hit record levels.
According to Reuters, OPEC+ is likely to maintain significant oil production cuts for an extended period due to weak global demand. Analysts and insiders suggest that the OPEC+ meeting in December will face major constraints in determining production policy. While increasing production amid weak demand could be risky, further cuts may prove challenging as some members push to raise output. OPEC+, which includes Russia and produces nearly half of the world’s oil, has repeatedly delayed its gradual production increase plans this year.
Meanwhile, rising gas prices are creating tough challenges for European policymakers as they brace for a harsh winter. Javier Blas, a Bloomberg columnist, argues that Europe has yet to fully grasp the energy crisis stemming from Russia’s invasion of Ukraine. He asserts that the continent has mistaken recent strategic successes for mere weather-related luck, but the situation has now deteriorated. This points to another winter of high gas and electricity prices, placing significant pressure on energy-intensive industries. Many large-scale manufacturers have announced plant closures and asset write-downs, while households face surging retail energy prices. This inflationary trend will add further complications for the European Central Bank and the Bank of England. Wholesale gas prices in Europe have risen to €47 per megawatt-hour, twice the February lows and 130% above the 2010-2020 average.
Wall Street has raised concerns that a second Trump presidency could negatively impact oil prices, arguing that producers might ramp up drilling and production before facing Biden-era regulatory pressures. However, another faction in Wall Street suggests this narrative is incomplete. Standard Chartered points out that the nature of U.S. shale oil production makes it difficult to sustain long-term supply increases. Unlike OPEC producers, whose output is often controlled by state-owned oil companies, U.S. production is dominated by several large corporations, independent producers, and private firms.
This perspective aligns with Goldman Sachs’ analysis. In July, Goldman Sachs predicted that U.S. crude oil production would grow by 500,000 barrels per day this year, a slower pace compared to last year’s 1 million barrels per day increase. Nevertheless, the U.S. will account for 60% of non-OPEC supply growth, with the Permian Basin expected to grow by 340,000 barrels per day annually—lower than the initial forecast of 520,000 barrels per day made by Wall Street analysts.
Alibaba - Trump Won't Beat This Stock!Alibaba ( NYSE:BABA ) is bullish despite Trump's presidency:
Click chart above to see the detailed analysis👆🏻
Two months ago, Alibaba pumped 30% within a couple of days, perfectly following the resistance trendline breakout. So far we saw a rejection of the upper resistance level and it is quite likely that Alibaba will retest the breakout area. However, the underlying price action is still bullish.
Levels to watch: $80, $115
Keep your long term vision,
Philip (BasicTrading)
Bitcoin Breaks Record, Shrugs Off Risk-On Label Gold extended gains for a third consecutive session, crossing $2,650 per ounce, as investors sought safety following an escalation in the Russia-Ukraine conflict.
Meanwhile, Bitcoin is also performing well and doesn't appear to be acting totally as a risk-on asset in this environment, surging to a fresh record high. President-elect Donald Trump’s administration is reportedly considering a dedicated cryptocurrency policy role within the White House, Bloomberg reported.
Adding to Bitcoin's momentum, the Financial Times revealed that Trump Media and Technology Company is in advanced talks to acquire crypto trading platform Bakkt.
Bitcoin remains above key technical levels, including the 50- and 100-day EMAs, while the RSI hit overbought territory at 80.
Tesla - New All Time Highs With Trump!Tesla ( NASDAQ:TSLA ) just broke above the last resistance level:
Click chart above to see the detailed analysis👆🏻
With Trump winning the election and Elon Musk being a supporter of Trump, Tesla is rallying significantly. But looking at market structure, this rally was also expected, considering that Tesla just broke out of a triangle pattern. Now Tesla will soon create new all time highs.
Levels to watch: $275, $410
Keep your long term vision,
Philip (BasicTrading)
BAKKT gets the Trump PumpCrypto custody, trading, and on ramp solutions provider BAKKT just got a pump i price that sent it above the double bottom enckline thanks to Donald trump’s media company suggesting they want to acquire the platform. Bodes well for price flipping this neckline to support and valdating the double bottom breakout in the near future. *not financial advice*
Money over Politics - Trump Media(DJT) to buy Bakkt(BKKT)?Money over politics - Donald Trump Media( NASDAQ:DJT ) in talks to buy crypto company Bakkt ( NYSE:BKKT ). Follow the money. I am thinking that this is a very bullish sign if the government starts to change regulation around bitcoin and other crypto. It will be in the president's personal interest to make the US more crypto-friendly. If this acquisition goes through then Bitcoin to the moon!
NZD/USD on strong downtrend amid USD strengthThe US dollar's recent surge, reaching around 106.5 post-election, impacts global markets and American consumers. Strong economic data and inflation pressures bolster the dollar, while Trump's tariffs could enhance its strength. Meanwhile, the NZD has dropped to 0.58574 against the USD, influenced by New Zealand's economic conditions and fluctuating commodity prices. As the yen and peso also weaken significantly, the dollar's future depends on unfolding policies and geopolitical events. Analysts foresee potential gains but caution against international retaliation.