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Strateš”¾ Update - Week 21 | Q2 | 2024

Strateš”¾ Update - Week 21 | Q2 | 2024

Hidden bullish divergence for Bitcoin

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Gert van Lagen
May 25, 2024
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Strateš”¾ Update - Week 21 | Q2 | 2024
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Please note that while I can provide information and insights based on my knowledge, it's important to remember that I cannot offer specific financial advice. #nfa


News of this week

  • The SEC grants official approval for all spot Ethereum ETFs.

  • The US House of Representatives approves the FIT21 cryptocurrency bill; it now awaits approval from the Senate.

  • Donald Trump's presidential campaign formally acknowledges Bitcoin and other cryptocurrencies for contributions.

Tweet of this week —> ā€œCaption thisā€


Current status 100% Winning strategy: šŸ”µā€”> ALL-IN

Updated chart, shows $BTC remains in the blue all-in zone, more info:

CRYPTO:BTCUSD Chart Image by MrGert

Bitcoin

→ Supermacro Context

Bitcoin shows a strong hidden bullish divergence: while BTC printed higher highs, the RSI on the weekly chart printed lower lows.

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