A few thoughts on the current discussions around the U.S. elections. Many are saying that prices will drop or rise, that volatility will increase—because of the elections! But I have a different perspective, and it fundamentally disagrees with these predictions.
The market doesn’t actually care about politics. The main goal for all participants is to make money, to hit the jackpot! But how and when? That question is always relevant, and there’s always some excuse to shake the market and push out all the risk-takers (including the ladies trading too). And if there’s no excuse, they’ll create one.
If you look at U.S. stock market charts, you’ll see everything is already overbought. Who will buy now when all the “retail investors” have already bought in and stuffed their portfolios to the brim? Moving with this load is hard—and expensive. So now they’re stirring up noise to quickly “drop off” all the weak and risky players (especially those trading with leverage). On election day, and for a few days before and after, they’ll keep stoking the fire.
If you look at the charts without emotions, everything seems logical: they pumped up the price, so now they need to pull it back down sharply, and then pump it up again. In crypto, it’s just a typical range, only with a wider band (55–75k). If you look through my posts, you’ll see I wrote about this back in the spring, summer, and fall.
So, ladies and gentlemen, stay calm, buy on big dips, and be patient. And I can’t forget to remind you about our excellent trading/investing tool, which frees you from constantly worrying about where the market is going and how to trade. If you need such an assistant (and trust me, you do)—I’M ALWAYS HERE! 🤙🏻 $BTC