practical approach, but I think it should visit around 0.00070 and move upwards, I closed trade at 0.00076.. but always fear factor involved of missing it if it started upwards..
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RedSedan
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$DOGS
DOGs have crossed it's one day resistance level...now what? The volume is not that promising yet! Therefore, I see a healthy retrace to .00060-0.0006445 level! NFA, I am not a future predictor!
Trump has already gained the initiative in securing voters from the crypto world and will continue with it. Besides accepting campaign donations in crypto currencies, openly supporting the crypto industry, and promising to release Ross Ulbricht at the start of his term, he will likely announce significant tax benefits for users.
Now, according to data, 14.4% of American adults own or use crypto currencies. However, the percentage of potential voters who are cryptocurrency users increases to 22%. This is a considerable percentage, but let’s not forget that a large part of this number would already vote for Trump before these declarations, and another large part wouldn't vote for Trump even with this new approach. However, the Democrats will sooner or later realize that they have lost this battle to gain voters from this sector, and out of pride, they might decide, instead of trying to win votes from the crypto community, to do the opposite and continue to attack the crypto ecosystem even harder. Let's not forget that the U.S. government holds approximately $15 billion in cryptos, which they will sell sooner or later. First, to raise money and finance their electoral campaign. Second, to try to drive prices down and have more arguments to attack the sector. Third, to prevent leaving those assets to the next president, if there is one.
Therefore, I expect Trump to continue adopting a pro-crypto stance in the coming months, and Biden too in the next few weeks, but eventually Biden should do the opposite and become even more aggressive. This would fit with a scenario where prices keep rising for a few more weeks but then see a significant correction before the elections (probably from July-August to November). Afterwards, it will depend on who is elected. If Trump is elected, 2025 should be a very good year for the market.