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Now only 3 days are left for trump inauguration and there's a lot of speculations about ETFs and reserves based on US coins, XRP and other coins are making moves.
Everyone is trying to frontrun the whole narrative and it's just getting hotter but now the main thing I'll ask myself and other is: what's your exit strategy from trump inauguration pump/dump?
So far many people are expecting it to be a buy the news event and from history we've seen where most people are standing, opposite move plays out.
There's high chances we'll see a sell the new event on trump inauguration and I've a reason to say this.
Remember Bitcoin ETFs approval Sell off?
A lot of people back then thought it's going to be a buy the news event but when bitcoin ETFs was finally approved by SEC
Price went from like $48k range to all the way back at $37k and everyone was calling "bull run is over" new lows are coming in
While bitcoin ETFs inflows were making those numbers
It took some time for BlackRock and other ETFs to move the price up again, it was all forced selling just to buy more at that time.
We've already seen forced selling?
Recently before market nuked to $89k bitcoin had negative outflows mean they sold bitcoin and we can all speculate that move was forced to make people sell and buy from lows again
Cause there's no other way around to get bitcoin at low price.
From the all time highs of bitcoin now it's been 31 days of range in that area, as we're moving up just before trump inauguration people are anticipating it to be a buy the news event so are positioned accordingly in the market
I'll expect a forced selling event right after trump inauguration to panic and send it to new highs
Buying more Trump coins is no brainer
From trump coins I mean those coins that have been speculated to be in "US crypto reserves" according to the sources it is XRP, SOL
But there's more coins bought from trump like ONDO, ENA, AAVE
For now XRP and SOL are the best coins in this trump narrative
Bitcoin chart is second best chart in the market right now because first one is XRP and I'm afraid it'll flip ETH anyday now.
It might get ETF approval, it might also be added in crypto reserve but one thing I'm for sure is those who are going to marry their XRP coins are bound to get Rekt when it'll go down all the way under $1.
On the other hand, SOL is looking good too once it flips that box, will only take a single candle to make new all time high because it's Air from there
Adding SOL under $200 was a good bid for those who've got and now it makes sense to let it go up without thinking of selling cause there's a big upside with or without etf approval.
More interested in LTC, BCH and 2021, 2017 bull cycle coins
This bull cycle is all about "bitcoin" and now it is turning into "old and highly adopted cryptocurrency coins getting crypto indexed or ETFs cycle"
So the attention is going to be shifted from bitcoin to XRP, LTC, BCH, ADA, and hive.
I've these on my watchlist and every single one of them have a good chart speaking of itself.
Litecoin chart is looking good and it depends how long this move can sustain because of the crypto index and ETFs speculation
Once that dust settles we know what will happen to these coins
BCH is trying to stay above Litecoin in total Marketcap
And I think it'll move up now from this range
I've seen these coins in 2021 and studied what happened in 2017 with these coins
So there's a big and clear upside on these coins. A lot of retails and instructional money is stuck in these, make sense it'll pump hard after trump is in office.
Hive in top gainers this weekend?
Last weekend we've not seen hive making it in the top gainers but it did a correction and now seems like consolidating before next leg up
It got hammered down 3 times from that resistance
But now I think it's time for a breakout and bigger uptrend.
As you can see here:
Hive had a similar price action before last leg up
It consolidated more than previous range which is normal and now this weekend hive should be in top gainers again with that normal +50% move.
Wrapping Up...
In the end like everyone else all I want is an altcoins season but all we getting is some of these coins running while the rest lagging behind
So it is important to hold the right coin at the right time and sell it before it's too late
I hope we'll get promised trump Supercyle once he's in office and won't make stupid decisions or statements that hurt market and our bags.
Let me know what's your thoughts on this and how are you positioned in the market as of now. Do share it in the comments.