Thank You, Mr. Trump… For The Crash 📉🔻
A month ago from today , I posted an article titled: “Trump’s Mouth vs. The Market: How Volatile Speech Can Send Markets into Chaos.” You can check it out here. 👈, Well, once again, Trump’s mouth has sent the market into a spiral. Today, he confirmed that 25% tariffs on Canada and Mexico will commence on Tuesday. Despite indications from his administration that these countries might mitigate the impact, Trump insists the tariffs will incentivize car plants and other manufacturing to relocate to the US.
The stock market immediately reacted, with the Dow Jones Industrial Average dropping over 700 points. The crypto market, as usual, followed suit, taking a hit. Altcoins are bleeding heavily, and Bitcoin’s recent gains have been wiped out.
Trump was elected with waves of optimism. However, the launch of his infamous meme coin, a clear rug pull scam where institutional investors and his insider friends benefited, left most retail investors wiped out, with the coin plummeting from $70 to $40 in a day. The scheme was clear, and to me, as usual, success in crypto at the moment is riding the whales, tracking their movements, paying attention to liquidity pools, and staying vigilant. Knowing that Trump’s rhetoric is absolutely toxic can save you, especially if you are not cautious.
We are living in a time where technical analysis on its own won’t suffice. I will continue sharing my insights, but know that it’s crucial to stay informed and adapt. Trump hasn’t at all been predictable, and he will continue to be a wildcard to the economy and world stability. Pay attention to geopolitical events and protect your capital. Trade wisely my friends.
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📖El Shaddai: (Hebrew: אֵל שַׁדַּי) – ‘God Almighty, the All-Sufficient One.’ His grace sustains.
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