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Another bullish news for the crypto world. I think that the promises that Trump made in the election campaign regarding a friendly administration towards Bitcoin and that it will not hinder the development of crypto can become reality. How can the fact that the USA could create a store of value in Bitcoin become a reality. And make the United States become the central pole of crypto development the capital of crypto.
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All this news can only make us think of one thing: we are facing a new era for Bitcoin and for the world of crypto. The Trump administration is already showing itself in favor of the world of cryptocurrencies without yet being at the White House. Making people think that the election promises that Trump made will be kept. It's still too early to say but everything makes us think positively. The safest thing is that we will no longer have a political administration against Bitcoin, in fact Trump is putting pro-Bitcoin people in his administration. And it makes us think big Bitcoin could really become the new store of value of the United States. And why not, it could become an official payment method equal to the dollar on the entire American soil. And meanwhile BlackRock continues to record record inflow on its etf and Microstrategy buys another $1.75 billion in Bitcoin. And the price of Bitcoin today has reached a new all-time high.
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This is what I would like to see on DOGE. Yes, what you see darkened in green are my entries on DOGE, for confidentiality I wanted to hide the amount of DOGE I bought but I left you the levels I entered. It was a good play. What we see now is that the price of DOGE had a strong upward expansion that went to break the last relative high we found at $0.22. In recent days the price is slowing down, which is completely physiological. What I expect now is a possible retest of some important levels. The most plausible scenario at the moment remains the retest of the FVG below $0.32 before a possible price rise to $0.40 and above. Another excellent level would be below $0.27 where we find another area that the price has broken strongly upwards leaving a big inefficiency. The best scenario, however, is also the one most difficult to see, the retest of the structure that we broke on $0.22. It is the most distant area and at the moment most difficult to reach as it would still be a healthy descent for the price. DOGE is the first token that became a memecoin and has always been very dear to Elon Musk. Those who are not new to the crypto world know well that over the years Musk has been responsible for some pumps of the DOGE price. And now it remains, because DOGE has seen such a strong rise because Elon Musk has officially called D.O.G.E. his department within the Trump administration. So I am very positive about the future of DOGE and will continue to look at it very closely to take possible trades and add positions on this asset.
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This is a special chart TOTAL 3 without the dominance of USDT, USDC, BTC & ETH This chart show us the real dominance of the Altcoins. Without the market cap of the two most important and capitalized stablecoins and the 2 most important crypto you can see how low the Alts market is. And how high it was instead in 2021 when we were in the middle of the Altcoins season. The difference is abysmal. Now we are right at the bottom of the market. And dominance is congesting on a key support level. What does this mean? It may mean that we are not even remotely close to the price levels that many Altcoins can reach as soon as the dominance of Bitcoin and USDT begins to collapse for real. Think about it And follow me 🤝
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TOTAL 3 If you invest in Altcoins you must absolutely take into account the chart of the total 3 We saw with the end of last year a recovery of the altcoin market that rose thanks to the narrative of the approval of the spot ETF on Bitcoin that dragged the entire market upwards. With the new year we saw a sequence of decreasing highs and lows that led altcoins to outperform Bitcoin, which is completely normal. This phase is called accumulation. After finding a bottom and congested on an important structure level, we have seen a strong recovery of altcoins in these last two weeks. Now, with the closing of this week's weekly candle we had an upward break of the last relative maximum. What I now expect is a continued expansion of dominance towards higher levels and therefore an altcoins market that is starting to enter altseason. Could there be a retreat? Absolutely yes, as I show in the chart below. The retreat of dominance to retest the newly broken structure could take place and could lead the altcoins to retest themselves of the important price levels that have just broken upwards. This would be completely healthy and normal for the market, as I expect a still strong Bitcoin dominance and still ready to rise, bringing the price of Bitcoin to new highs. As a result, at this stage altcoins could continue to congest above newly broken key levels and retest their structures before a continuation of the uptrend they have begun.
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