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🔄 U.S. Election Date’s Impact on #Bitcoin :
The U.S. election date in November has historically been a strong timing for #Bitcoin movement, regardless of the winner.
Examples from the Past :
🔵 2012: Bitcoin rose after Barack Obama won.
🔴 2016: Bitcoin increased after Donald Trump won.
🔵 2020: Strong Bitcoin rally after Joe Biden won.
November could be the starting point for a new #BTC rally, based on historical trends 🚀.
The U.S. election date in November has historically been a strong timing for #Bitcoin movement, regardless of the winner.
Examples from the Past :
🔵 2012: Bitcoin rose after Barack Obama won.
🔴 2016: Bitcoin increased after Donald Trump won.
🔵 2020: Strong Bitcoin rally after Joe Biden won.
November could be the starting point for a new #BTC rally, based on historical trends 🚀.
DAILY GAINERS
$KYVE +117.7%
$RDNT +21.2%
$SD +20.4%
$CVP +20.2%
$REP +18.1%
$FORT +15.4%
$HEART +13.6%
$MAHA +12.9%
$CANTO +12.7%
$GRASS +12.7%
#dailygainers
$KYVE +117.7%
$RDNT +21.2%
$SD +20.4%
$CVP +20.2%
$REP +18.1%
$FORT +15.4%
$HEART +13.6%
$MAHA +12.9%
$CANTO +12.7%
$GRASS +12.7%
#dailygainers
Got time to scan the charts before next travel. Something is off. Either we already had a USElection2024 pump to $73k. $ETH and alts are not catching up. And now market is waiting for election results. KamalaHarris win means the end of this cycle because of sentiments.
I have reasons, if the most anticipated tech events in crypto history like $BTC halving, ETF approvals ($BTC and $ETH), from PoW to PoS bla bla bla can’t change the market structure, no one can. This political news USElection2024 will be short lived and disappear. CT will be looking for next catalyst to make you believe that pump is around the corner and you are not ready for it. Reality is this crypto structure is becoming a house of cards.
In this situation, spot buyers are end affectees. Only scalp/hedge traders can win. If this is not for you, unfortunately there is nothing in the market.
No alt season, with this weak $ETH and high $BTCD. Ethereum fails this season, we have to admit it. It is unable to go into ATH range and approx 45% down from ATH price tag. All layer 1 and big mcaps struggle to even go beyond 5-10% gains. They are 80-90% down from ATHs. Even narratives like utility, NFT, AI, RWA, DePins are dead. Flow of money is different from $BTC to Alts. Only memes got the fair share to pump and dump.
Now what is next? $ETH below $2800 is major hurdle for alts. Next week will be chaotic bcz of USElection2024, random pumps and dumps that is difficult to predict with TA. ETF inflows are still dominating than outflows. How far they can go and hold market? No one has 0.0001% idea of it.
If market has to change structure, $ETH has to dominate and pump, either any news, catalyst or adoption what ever it may be, it has to do it now.
Otherwise, its too late for alts
I have reasons, if the most anticipated tech events in crypto history like $BTC halving, ETF approvals ($BTC and $ETH), from PoW to PoS bla bla bla can’t change the market structure, no one can. This political news USElection2024 will be short lived and disappear. CT will be looking for next catalyst to make you believe that pump is around the corner and you are not ready for it. Reality is this crypto structure is becoming a house of cards.
In this situation, spot buyers are end affectees. Only scalp/hedge traders can win. If this is not for you, unfortunately there is nothing in the market.
No alt season, with this weak $ETH and high $BTCD. Ethereum fails this season, we have to admit it. It is unable to go into ATH range and approx 45% down from ATH price tag. All layer 1 and big mcaps struggle to even go beyond 5-10% gains. They are 80-90% down from ATHs. Even narratives like utility, NFT, AI, RWA, DePins are dead. Flow of money is different from $BTC to Alts. Only memes got the fair share to pump and dump.
Now what is next? $ETH below $2800 is major hurdle for alts. Next week will be chaotic bcz of USElection2024, random pumps and dumps that is difficult to predict with TA. ETF inflows are still dominating than outflows. How far they can go and hold market? No one has 0.0001% idea of it.
If market has to change structure, $ETH has to dominate and pump, either any news, catalyst or adoption what ever it may be, it has to do it now.
Otherwise, its too late for alts
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Advice from a brother who has experience trading in losses before profits:
In (swing) deals, the conviction of profit is important. Don't be deceived by 1000% or 10000%. The interest of the whales is to maintain liquidity in deals.
Applies to futures contracts.
As for investing, be greedy. Waiting for months and years and being patient with the market's negativity and the pressure of the whales is not worth coming out with a profit of 10% or 20% or even 30%.
In (swing) deals, the conviction of profit is important. Don't be deceived by 1000% or 10000%. The interest of the whales is to maintain liquidity in deals.
Applies to futures contracts.
As for investing, be greedy. Waiting for months and years and being patient with the market's negativity and the pressure of the whales is not worth coming out with a profit of 10% or 20% or even 30%.
See original
Digital currencies in brief:
- You are not ready to bear risks and market fluctuations! Leave the field
- You are not ready to tire yourself out and be patient with ups and downs and heartache! Leave the field
- You are not able to bear the idea of your portfolio falling, stay away, this market is nerve-wracking, take it from me.
- Know that we small traders are food for whales who exploit our feelings with news, rumors and intimidation to sell them what we own.
- You must understand that just as the market has crazy increases, it is met with very difficult profit-making due to the difficulty of controlling emotions and curbing greed.
Finally: This market does not go with it (I will wait for the signal to enter) Take it from me with every upward cycle, just put a collection strategy for yourself, you will not miss anything because the result in the end is for every upward cycle.. and opportunities will be repeated for you, collect once, twice and ten times, and do not pay attention to the portfolio as long as you are walking on the assembly line.. This is the way digital currencies differ from other markets.
- You are not ready to bear risks and market fluctuations! Leave the field
- You are not ready to tire yourself out and be patient with ups and downs and heartache! Leave the field
- You are not able to bear the idea of your portfolio falling, stay away, this market is nerve-wracking, take it from me.
- Know that we small traders are food for whales who exploit our feelings with news, rumors and intimidation to sell them what we own.
- You must understand that just as the market has crazy increases, it is met with very difficult profit-making due to the difficulty of controlling emotions and curbing greed.
Finally: This market does not go with it (I will wait for the signal to enter) Take it from me with every upward cycle, just put a collection strategy for yourself, you will not miss anything because the result in the end is for every upward cycle.. and opportunities will be repeated for you, collect once, twice and ten times, and do not pay attention to the portfolio as long as you are walking on the assembly line.. This is the way digital currencies differ from other markets.
See original
Bull run is ongoing but are there any significant influences on the market movement and its impact is temporary, God willing:
Yes ..
November 5th
The results of the US elections are the most important influencer currently .. and it is surprising to me that the market did not fall with Kamala Harris' victory.
November 7th
The Federal Reserve meeting regarding inflation figures and interest rate cuts.
The market will be volatile in the coming 4 days and God knows best
Yes ..
November 5th
The results of the US elections are the most important influencer currently .. and it is surprising to me that the market did not fall with Kamala Harris' victory.
November 7th
The Federal Reserve meeting regarding inflation figures and interest rate cuts.
The market will be volatile in the coming 4 days and God knows best
