The clueless crypto cowboy’s think they just got a gift from Trump’s tweet about a crypto strategic reserve fund. The chart of Bitcoin was indicating that a strong bounce to the 92-95k area, would be a great place to sell and go short again. The question was, what would trigger such a short squeeze bounce? The narrative around the tweet, is it. <\/p>\n
So, having bounced up to 95k on Sunday after the tweet, this week saw wild swings that in effect made a double bottom around the 200 day mvg. I believe that is the hook that will deceive the Bitcoin bulls. <\/p>\n
At best, the double bottom could keep Bitcoin from plunging below the 200 day and going meaningfully lower, for a brief period of time. However, since tomorrow’s Crypto Summit is likely to be a big nothingburger, the decline could resume over the weekend since Bitcoin trades 24\/7. https:\/\/www.encouragingangels.org\/new-blog\/2025\/3\/3\/the-crypto-president-is-serving-up-a-national-deception-with-the-proposal-of-a-bitcoin-strategic-reserve<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":" The clueless crypto cowboy’s think they just got a gift from Trump’s tweet about a crypto strategic reserve fund. The chart of Bitcoin was indicating that a strong bounce to the 92-95k area, would be a great place to sell … Continue reading