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Strategies & Market Trends : Blockchain and Cryptocurrencies
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From: ig11/2/2024 12:33:54 PM
1 Recommendation

Recommended By
toccodolce

   of 7606
 
An interesting chart:



Price breaks out, falls back to test the new support, then uphooks. Price-wise this is what you want to see in a breakout. Volume-wise it's not encouraging. There's a MACD divergence, too, which is not bullish.

The lack of volume has at least two causes: the Tuesday election, and the all-time high just overhead at 74k-ish.

I don't know what BTC bulls want on Tuesday. A Trump win because of his stated support for BTC? On the other hand, Trump has promised tariffs, regulation cuts, tax cuts, turning Musk loose on waste, and more.

Or maybe they want to see Harris win and finish off the dollar.
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