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🇺🇸💸 Big Beautiful Bill — How Will a New Law Affect the Markets?
At the 4th of July, the "One Big Beautiful Bill Act" was signed into law by President Trump. Here I put a short part of the whole article that was posted on our TradingView, advice to read the full text.
Why do I think this is bullish for most of stocks and mainly for crypto?
1. The increase of debt ceiling has always had a positive impact on the crypto and namely on $BTC. The best example is Fiscal Responsibility Act that was signed back in June 5, 2023. This act increased the debt ceiling for +$4.7 billion, after that Bitcoin surged upwards from $25,000 to $75,000 in ~half a year. Similar outcome can be expected now too.
2. Market perceives U.S. fiscal loosening as inflationary and dollar-weakening, making Bitcoin (as a decentralized and limited-supply asset) more attractive.
3. Large deficits often force future monetary easing or Fed bond buying to absorb debt. Lower interest rates and more liquidity are historically bullish for risk assets, including crypto.
Read the full text on our TradingView idea: https://www.tradingview.com/chart/BLX/ZSBUoZLA-BIG-BEAUTIFUL-BILL-Markets-are-Ready-to-PUMP-Again/
🐝 BTC UPDATE
The situation on Bitcoin is shaky, but bulls are stronger than bears for now. The key support is $108,000 - $108,600. Must hold the price above this level, otherwise things will turn bearish.
The best setup available — buy the breakout of the bullish pennant. Breakout of this pattern will confirm that bulls are winning.
For now no position is opened on $BTC, observing.
🏁 $KORI made +170% profit, all targets reached
Already know the next meme we will ape in, it must be hard, announcing soon, stay tuned!
$HOSICO made +200% profit in 10 days by the way 👍
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🐝 The level we are currently watching on Bitcoin is this descending trend line!
No decisions should be made during weekend, both breakout&breakdown could be just fake impulses.
The key here is to watch the weekly closure.
👌 EARNED ON $BCH!
While the whole market pumped, we found the only one alt that was weak — $BCH and gave a SHORT signal on it in the Premium Klondike Channel! Filled entry, reached ALL targets, we made +100% profit from this one
🏆 Join our Klondike Premium Channels to catch every possible market's move! Write me @kankordio or visit our website https://klondikepro.com.
💛 Interesting fact: Bitcoin market capitalization is 8.8% the size of Gold market cap!
This ratio was higher (11%) back in 2021 when no ETFs were approved.
The price is programmed to go higher!
🐝 BTC UPDATE
Nothing very interesting happened on the market during the past two weeks while I was on my holiday trip. Good. Will be in the office in a couple of days.
What do we have on the chart? The price touched the first target of the LONG position I’ve opened a week ago and quickly retraced back.
The $108,500 resistance is too strong for bulls to break it up. Need more consolidation in the $104,000 - $106,000. Good for those who are still not bought enough.
My LONG position is on hold, only 1 of 4 sell orders worked out so far.
🔥 Fast +40% profit from $XAR, massive growth from this one, I believe it can go much higher, still good to buy!
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🧐 Have Great News for you guys!
In 30 minutes We will announce another big spot coin with strong TA and huge potential of growth in coming days!
T1 exchange (Bybit) coin by the way
🏁 $W pumped to the first target, made +32% profit!
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🏁 $HOSICO made +50% profit in a few days! Closed 3/4 of the trade here
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🐝 BTC BRIEF UPDATE
The price has almost reached the target zone, but got stuck a little bit. Currently it is forming a bullish flag that must send it higher!
I am still holding the LONG position with the entry near $105,000.
🏁 $FITCOIN started growing, made +80% profit so far by reaching the first target!
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🧐 $SOL broke through the descending channel resistance and currently re-testing it & consolidating above!
As long as the price stays above, we can ride upwards!
🔥 Buying a heavy bag of $KAKA here!
The meme from Bonk Ecosystem — the most popular launchpad right now. I'd say, it is a sleeping giant that is steadily waking up!
Team — two core members of strongest 2024 memes. There is an info that the team will be integrating the Most Succesful IP development agency in web3. And this is just a beginning.
Out of the corner of my eye, I saw a list of collaborations & partnerships this project will have in the coming future (next week and through the whole month of July) and it is astonishing!
👉 I am holding a HEAVY bag, targeting at least $20M market capitalization (x6 from here). It is ambitious, but I know my words.
CA (you can buy it on Phantom app):
FH6jc68WzeAUXKp6uDg9QPciTeU75o32xFDzKLzmbonkbought $KORI here
meme from the most popular launchpad right now — bonk fun. why exactly KORI? because this is the name of the dog that has billions of views on TikTok
CA
HtTYHz1Kf3rrQo6AqDLmss7gq5WrkWAaXn3tupUZbonk🤝 LONG ON $XRP GAVE US GREAT PROFITS!
Two days ago we opened a LONG position on #XRP together with Premium Channels members. It filled the entry zone and then pumped, reached ALL targets and printed +125% profit by now.
We are also holding a Bitcoin long position that currently reached 2/5 targets, waiting for more!
🧐 Want to join Klondike Premium Channels? Write me @kankordio or visit our website https://klondikepro.com.
❗️Buying some $WIF here
The price broke out of the descending channel and now taking hold above the $0.9 resistance
Good setup, stop loss should be located below the resistance of the channel.
❤️🐝 BTC!
Bitcoin has pumped and reached ALL the targets of my LONG position, the final destination of $110,250 was reached!
Took +80% profit from this trade. Held this position for almost 10 days.
❗️Buying some $ACH here (not a big position)
The price made a squeeze of $0.0178 support level and quickly came back above it.
Now the price has engulfed the $0.018 resistance as well! Should reach at least 2/5 targets, then will see.
🐂 EARNED ON BULLISH $SOL NEWS!
Today, right before the ETF related news on Solana came out, we gave a LONG signal in Premium Channel on it! It filled the entry zone and then pumped, reached ALL targets and printed +140% profit.
🏆 Join our Klondike Premium Channels to catch every possible market's move! Write me @kankordio or visit our website https://klondikepro.com.
❗️Buying some $XAR here!
The price broke out of the historical trend line and now taking hold above it! Moreover, the level of $0.0066 was also engulfed!
The project is listed on many major exchanges like Bybit, MEXC and Gate. They are currently launching a mainnet and planned listing on BingX (one of the biggest exchange in CIS region).
Good one overall!
📈 EARNING DAILY IN PREMIUM!
Yesterday we opened a LONG position on #BID together with Premium Channels members. It filled the entry zone and then pumped, reached 4/5 targets and printed +195% profit by now.
🧐 Want to join Klondike Premium Channels? Write me @kankordio or visit our website https://klondikepro.com.
🏁 $ARTY pumped to the 3/5 targets, made +50% profit!
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if you are interested in meme trading, make sure you follow our klondike degen: @degenklondike
but don't expect too much, I just share interesting memes I found on-chain there
🧐 Meanwhile, there is a Cup & Handle pattern on $COIN chart
To be honest, this is one of the most bullish charts I've seen on the stock market in a while
📍 $SOL UPDATE
The support of $135 is strong enough to hold the price. I placed buy orders in the range.
Once the price breaks through the descending channel resistance, it can easily go back to $200.
Bottom is close.