• There are only 14 days left until the 🇺🇸 US elections. Each time after this event, the market reacted with a bullish move. Now the bears decided to bet against 12-year history? Good luck.
👀I would be surprised if the situation did not repeat itself now, xd…
• I want to remind you that before the elections, during the elections and shortly after the elections, it is not advisable for the markets to fall. So voters have a record allocation in stocks and crypto, even the outcome is not very important to us, since both candidates promise a green light for the market.
In the coming weeks and months, we will rise much higher🤫
Everything is according to the script 🤝 I think we are on the verge of something grand and historic.
As I told you earlier, before the expected reversal happens, it is necessary to make sure that the majority of market participants believe more in the continuation of the correction than in further growth.
GM :) one week left until the US 🇺🇸 elections. What awaits us in the market? 🇺🇸🍿 Morgan Stanley: the 2024 US presidential election could trigger serious market volatility due to delays in the vote count, economic uncertainty and unpredictable voter sentiment.
Meanwhile, Bitcoin dominance continues to grow further and has already reached a new local peak of 59.7%!
For this reason, the bulk of alts are simply standing still or gradually spilling over. There is very little liquidity in alts now. Large players still prefer to trade Bitcoin rather than other assets. This is all temporary, of course, but the fact is that alts are extremely weak now. If we consider any long positions, this should only be done on trending alts, which I have already informed you about many times.
Considering all the current factors, I think we will get a reversal from the indicated range.
Before the takedown, they may torment us a little more...
• Are you panicking? In vain. Apparently, Tether-fud was the catalyst for the dump. It's amazing that it's still working. For beginners: in every bull cycle, fake news about Tether appeared to force the market to dump.
🧨After that, the news about Israel attacking Iran came out.
• Friendly advice: remember once and for all, everything that is happening and will happen in the Middle East cannot be called a "black swan", since the conflict has existed for many decades. Everything that happens has long been discussed in the media, and based on this, it is an expected event, and not something that happened suddenly.
As long as#Bitcoinis in a sideways trend near its maximum, the market will do everything to leave you without positions.
$BTC Bitcoin spectacularly broke through the dynamic resistance and thus put the crowd into longs, and then just as spectacularly fell back. An alarming signal, as a rule, this ends with a deeper dive to discourage the crowd from going long at all.
But this is a classic scenario that happens almost before every bull run. As usual, the most patient ones win...
everything is according to the script, we are going like a Swiss watch 🕰️
• Most have already lost hope for #Alts, but in fact - now is the time to start accumulating as many as possible.#EthBtcis touching the trend line that has existed since 2016, if everything goes the same way as in the last two cycles, then from now on#Altsshould become stronger against #Bitcoin.
‼️Think about it, this trend is very important for#Altsfor 8 YEARS.
• TickTock… It seems to me that a large-scale#Altsseason is approaching in the last 4 years. Note that the number 4 plays a very key role in our market. Now look at the trend line, a rebound every 4 years? I have nothing more to add, make your own decision.
Focus on the macro picture. It looks incredibly optimistic.
🇺🇸 Donald Trump and Kamala Harris now have equal chances of winning key states in the US elections, according to a new Bloomberg poll.
Experts note that the final PR campaign of one of the candidates could become a decisive factor in the outcome of the elections scheduled for November 5.
$BTC 💰 Microsoft is considering investing in Bitcoin.
The company filed a statement with the SEC stating that it plans to conduct a "Bitcoin investment assessment" at a shareholder meeting scheduled for December 10.
The board of directors, however, recommends voting against the proposal.
At the moment, we are seeing the very picture I was telling you about.
Thanks to a sharp and rather strong spill, the market expectations of the majority of people are starting to change. People are being forced to think that the correction is not over yet and will continue. Fear in the market has jumped up again and after it, we received a cascade of new short positions.
What to do with all these positions? Let the majority of people earn on banal fear? - no. We are waiting for a good take-out upwards. We have reached the edge of our trading range, from where I think we will see a good sideways trading to create uncertainty with a further exit upwards.
$ETH 🥊👀 Vitalik Buterin has criticized MicroStrategy founder Michael Saylor after he told an interviewer that#BTCis at greater risk from authorities when it is held by unregulated “crypto anarchists” who do not recognize government, taxes, or reporting requirements: “He seems to be openly advocating for a regulatory capture approach to protecting cryptocurrency. There are plenty of precedents for how that strategy can fail, and to me that is not what crypto is about.”
$BTC 💰 Cointelegraph: Gary Gensler congratulated Bitcoin on its 16th anniversary.
On October 31, 2008, the Bitcoin White Paper was published, which effectively launched the crypto industry. The first transaction took place on January 3, 2009.
The head of the SEC noted that their approach to regulating cryptocurrencies will remain unchanged.
• Everyone is wondering where the global top of#bitcoinmight be? I think the mvrv indicator has always been very accurate in the past and can give an answer now.
👀We're not even close.
Every time the orange line entered the red channel, it meant a global top for #bitcoin.
• Notice that the orange mvrv line clearly shows that#bitcoinhas been following the same trend in every cycle for over 10 years.
A game from Binanse, definitely not to be missed, we fly in with both feet and swing the profile. I'm counting on the fattest drop of all the tapalok on the market.
• Honestly, I have a feeling we could see a divine candle for#Bitcoinat any moment. One of the biggest alt seasons is also around the corner, but you don't believe it. Ok, time will come and you will see everything.
👀Is it different this time? Xd.
• I just find it funny that you get lost in short-term price action. I believe#Bitcoinis already ripe for a global reversal, the time frame whispers for it...
You can make your own decisions, but I will stick to the optimistic point of view.
$BTC 💰 Forbes: Bitcoin Could Change Global Finance.
If its adoption by institutions, governments, and corporations continues at the same level, it could not only catch up but surpass the market cap of gold.
In fact, it could become a $100 trillion asset class in the future.