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Think about it. He would reduce the shilling going forward until perhaps he has some really solid plans for Dogecoin. Cos DOGE in the real sense has nothing to do with the proposed department of government efficiency.$DOGE Also notice Elon is also now saying Government Efficiency as opposed to Department of Government Efficiency he was tweeting earlier# Yes noted that today morning and I was wondering why Elon is leaving out "DEPARTMENT OF GOVERNMENT EFFICIENCY Clearly that is price manipulatio
BREAKING: 🇺🇸 Federal Reserve cuts interest rates by 25bps. Bullish news - Fed rate cuts means Reduced borrowing costs....investors/traders will easily access capital to invest in Bitcoin and Crypto pumping prices....
Lower rates should increase fiat circulation, it makes borrowing cheaper... Thus, this could see increased liquidity for crypto as people access money to invest in such assets as crypto the market might respond by dumping today....and then pump tomorrow.....
No that's not how you interpret it. The top head and shoulder pattern has already formed on the 1D TF(See the Green dot I marked there that's the head)
Head is the middle candle stick - and then you can see left shoulder. The right shoulder is forming now and will reach 4.60 levels close to same height as left shoulder....$PENDLE EMAs crossover 2 Hour TF at 5.08 indicates a downtrend/bearish trend. You can also see an EMA cross over on 1 Hour TF. See marked EMA Crossover on the chart
CC @Njenga Mkurugenzi Crypto Boy @micky Cryto Futures
1 D Timeframe - Bearish price action is indicated by the UPPER wick at 5.23 $PENDLE #SUI🔥
Key to note is Top Head and Shoulder Pattern - which clearly indicates a downtrend/bearish trend Head at 5.23 and the left and right shoulders. *I hope you know how to interpret Top and Bottom Head and shoulder patterns* 1. When I see a *strong* uptrend REVERSAL on 4 HTF. 2. Using Fibonacci levels: 5.23 - 4.30 = 0.93(Height) 5.23 - 4.53(Sell side imbalance) = 0.7 0.7/0.93 =75.26%
I expect a 75.26 Retracement which is close to 76% FIbonacci level/ratio 3. Breakout at resistance or above trendline.... 4. Break out wedge, channel. bullish flag, descending triangle
If Bitcoin Dominance increases, Bitcoin prices increases, and altcoins prices decrease or are stable - that's what happens when people move volumes from altcoins to buy more Bitcoin.
Remember Crypto generate value from demand and supply(volumes/market activity)
Therefore altcoin prices decrease or tend to be stable when people move all volumes to BTC and leave Altcoins with low volumes to support price increase.#BTCBreak71K #TrumpInPump