The Long Investor
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$BTC TOP 20
🕑 Added 2025-03-02 19:27:51 +0000 UTCThis has been an eventful few hours for Crypto as Trump has reaffirmed his position towards setting up a Crypto Reserve for the US, with the intention of making of $BTC, $ETH, $XRP, $SOL and $ADA coins.
This is of course very bullish because not only will the US government be buying these coins, it will also mean that many countries will likely follow suit and each country would be considered a whale when they buy.
I expect inflows in towards ETF's and the retail investor will also treat this quite bullish.
On the chart, there was a retest of the 200 Day MA on Friday and recaptured quickly when it was lost, with a test of the 0.5 Fib needed too
Price has already jumped to $95k this evening and testing the 2.618 Fib support level, a break above the 50 Day MA and the descending wedge top line at $98k and the Wave 5 level at $123-$125k comes into play.
I have added to $ETH under the 200 WMA today.
Comments
JessyyRabbit
I noticed spy filled its 585 gap but qqq still has gap below at 490 and tsla at 250 —- do these need to fill before going higher? we bounce tomo on news then last leg down before higher?
