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Everything's on Track
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Another thing to note is the ascending penant formation on charts like BITW. Note my yellow lines connecting recent highs and lows are converging. Typically these formations resolve with price leaping upwards in same direction it entered the pennant (arrow). Everything appears on track and this is exactly how it feels to buy the lows.
BITW is not on Coinbase. Where does one find it.
Taking action: There were several promises made at the conference, including a pledge to fire SEC Chairman Gary Gensler and appointing a presidential advisory council to issue regulatory clarity that will let the crypto industry "thrive." Other commitments included shutting down Operation Chokepoint 2.0, which refers to the extensive procedures imposed on crypto businesses, as well as eliminating "unclear" or "tough" laws that stifle the sector. He also vowed to create a strategic national bitcoin stockpile, fight CBDCs, defend the right to self-custody, and institute the "responsible expansion of stablecoins to extend the dominance of the U.S. dollar to new frontiers."
Wall Street Breakfast survey: Is crypto exposure needed for a balanced portfolio? Is it better to wait until the results of the U.S. election? Take the latest crypto poll and share how it might impact markets in the comments section.
"I am laying out my plan to ensure that the United States will be the crypto capital of the planet and bitcoin superpower of the world," Trump declared at the event featuring Michael Saylor (MicroStrategy), Cathie Wood (Ark Invest) and the Winklevoss twins (Gemini). "There's never been anything like it, and most people have no idea what the hell it is. Bitcoin is not just a marvel of technology, as you know; it's a miracle of cooperation and human achievement. Bitcoin stands for freedom, sovereignty and independence from government coercion and control. If crypto is going to define the future, I want it to be mined, minted and made in the USA."
-DJT