🍊 Welcome To "Trump's Transition Market"

PLUS a list of the best TA accounts to follow!

GM, hope you’re still standing. These markets don’t do mercy.

Who would’ve thought Trump, of all people, would be all about “transitioning”? Well, by now, it’s clear that Trump’s economic transition is going exactly as planned.

We all know that careless government spending artificially pumps today’s markets. Right now, Trump and Elon are rapidly cutting down the government, and a new tariff is announced almost daily. Obviously, the result is a “transition” into a down-only market structure for SPX and the rest of the indexes.

Will the transition be transitory, though? I do think so. Perhaps the plan is to push down as hard as possible, making the markets suffer in exchange for lower interest rates. Last time, the Fed didn’t listen to Trump, but if the Orange Man pushes everything low enough, something will break. When something breaks (ehm eggs and orange juice already are), the Fed busts out the tools: lowering interest rates and perhaps even some kind of “QE not QE.” We shall see.

For now, it’s suffer-and-survive time, which is underscored by the historically longest Bitcoin ETF outflows, which hit a five-week streak, and also the largest hedge fund stock sales in four years.

But let’s keep in mind that there will be a mean reversion at some point (perhaps today’s pump is the start). Maybe it will lead to a full reversal, maybe not, but a proper bounce is inevitable. As we said yesterday, Bitcoin bounces somewhere between here and that last low around $76k. The same goes for the indexes.

Now remember, if you got stuck during this selling spree, you will highly likely have the option to liquidate your positions after the upcoming bounce, which could even last a few weeks, and turn the timeline fully bullish again.

Nevertheless, until we flip $95k and close daily and weekly above, it’s smart to play defense - the possibility of hitting $70k is still very much present. Also, you might want to watch this support and hope it holds for TOTAL chart. Let’s get it.

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The important bits.

Even more important bits.

Charts and stats of the day.

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BTCUSD 1D Coinbase

Well, bullish reversals are not common on a Friday, but the daily candle is showing some strength here and next to a quite bearish daily close yesterday - this kind of invalidation is usually a good sign.

Volume is a bit low, but let’s see if we can hold above the monthly open at the close tonight. If so, we likely see some continuation higher into the weekly close. The DXY sell-off, M2 ramping, and gold all-time high yesterday - these are all bullish hopium. Add to this, the weekly looks toppy on stablecoin dominance (chart) - if this starts to come down it has high correlation with Bitcoin upside.

Come by the Lucky Luke Discord channel for comments, to roast my picks or to pump your own bags. All banter is welcome any time!

Smart-money movements on Solana show pretty chunky outflows from Fartcoin and Pwease, the last big weekly runner. Also, we’re seeing small inflows for YZY. Zoom in and discover why this might be a red flag for markets.

Source: ChainEdge

Smart-money movements on Ethereum are showing one thing and one thing only: Ethereum ecosystem is pretty much flat, with low volume everywhere. There’s no rush to ape altcoins with large portions of your portfolio at the moment, focus is on indexes and majors.

Source: ChainEdge

App chains are hitting new all-time highs in mindshare. Time to fade L1 majors, and focus on buying app chain tokens?

Just FYI, I think ETH/BTC bottoms around 0.019 and then we finally get a squeeze. Careful though, no promises.

The best TA accounts to follow.

Times like these, it pays to know who to follow. The trick is to filter down over time, not follow too many TA accounts at once, and be certain that the information you’re getting comes from serious people with serious track records.

I’ve spent a lot of time on X (maybe too much) since 2016, and I can definitely recommend this list. However, do not follow anyone blindly, even the best. Always use their posts as guidance and learning material. In the end, the choices you make are yours.

Madz is a 2013 Bitcoin veteran with a newly opened private group aimed at serious attendees who want to learn.

Krown is a veteran quant who grew up on a trading floor. I dare you to show me someone better - you can’t.

Fiboswanny nailed as many cycle bottoms as he nailed tops. If you’re trying to find a very long-term perspective and Fibonacci magic, this one is for you.

CBS is a cold-blooded trader, showing how it’s done when a change in the market structure happens. Clean show of the ability to mold the strategy accordingly, as every trader needs to.

Mayne’s TA is solid, plus the Neck got great rants on his YouTube shows.

Great strategies for all who enjoy using moving averages. There is lots of learning material to be found at Dentoshi’s X as well.

N25 is a very promising upcoming chartist who just opened a new YouTube channel, streaming twice a week. Solid follow.

To save you doom scrolling.

Seems like JD Vance memes continue to rule the timeline, and not only on X.

Wouldn’t it be funny if we really head into a recession where gold goes Up Only and Bitcoin dumps along with tech stocks? Peter Shiff would probably replace Micheal Saylor as our main character.

Goldmates.

stay safe homies,

Hix0n đŸ«Ą

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