After the FOMC meeting and the rate cut decision, there is unlikely to be any major volatility in Bitcoin until November 13th. Therefore, we can expect to see some unusual movement starting tomorrow. However, as the weekend approaches, trading volume will likely decrease. Monday, Tuesday, and Wednesday should show some strength in the market.
What I'm observing is that, following the rate cut or whatever decision is made, we can expect only 1-5% volatility. After this, Bitcoin will likely experience a decline, which could either be sharp or gradual, continuing until the market closes for the weekend. As the market closes for two days, there will be little volume. If Bitcoin declines tomorrow, it will likely experience a pump on Monday to correct the oversold positions and bring them back to neutral zones. If Bitcoin doesn't experience a significant decline, we could see a continued decline from Tuesday onward.
If the market doesn’t decline tomorrow, the same movement will carry over into Monday and beyond, essentially just pausing for two days over the weekend.
So, the choice is in Bitcoin's hands, either tomorrow or Monday.
Furthermore, November isn't likely to mirror October in terms of returns. While there has been a lot of positivity in the market, November will reveal its own trends, and it may not be as profitable as anticipated.
Microsoft has rejected the proposal to invest in Bitcoin. But did you know that some of its largest shareholders are already heavily invested? The tech giant’s major shareholders—Vanguard, BlackRock, and State Street—have significant positions in BTC, even as Microsoft declines. So, what does this decision really signify? Consider BlackRock, which recently reported holding over $24 billion in $BTC investments. If they suddenly express concerns about Bitcoin’s volatility, it suggests there could
This year was fantastic—BTC's performance was remarkable. From January to March, it surged from 38k to 73k, showing exceptional strength. It then experienced fluctuations, dropping to 60k, then to 56k, and further down to 53,500 and 49k, before rising again to 76k. Impressive. Will $BTC recreate this move again?
However, is the current situation not concerning? I’m not implying a bearish outlook—could there be more to consider?
Gold has faced significant pressure, dropping sharply after the U.S. election results that saw Donald Trump regain the presidency. This move comes amidst a stronger dollar and surging treasury yields, both of which increase the opportunity cost of holding gold. Gold for December delivery recently saw a decline of US$78.10, trading at US$2,671.60 per ounce. The dollar surged, with the ICE dollar index up 1.84 points to 105.26, while bond yields spiked, further weighing on the precious metal. Howe
I shorted $DOGE at 0.21400 this afternoon. Although the market gave a good opportunity to take profits, I'm still waiting for the initial target of 0.15785. It might seem odd, but don't worry—I'm sticking to my plan. If any unusual activity occurs, I'll close the position. Currently, I'm in profit.
Soon, it'll reach 0.18 after some consolidation, then 0.16787, and finally the target.
I have already shorted $RARE at 0.13280, and now the price is at 0.12120. A break of this support could lead to 0.109, and then 0.09975.
I thought of taking profit, but it has already broken the support. Now, I'm waiting for further decline. 70% of this trade setup is already been completed, if i see any unusual activity I'll CLOSE.
$BTC has broken its all-time high without any correction down to the crucial 64k level, only reaching 66k. While that may seem significant, 64k holds greater importance. BTC has now set a new ATH, yet Trump remains without victory, and it's still uncertain if he ever will.
But remember: I'm still standing by my words—you’re not prepared for what's coming.
For the past 25 days, I've been cautioning you, warning that if you open long positions thinking this is a bull run, you'll face losses. And eventually, you’ll find yourself posting about it on Square.
Before leaving any negative comment, read my previous post first!!
Harris’s paths to 270 electoral votes are limited, while Trump has several potential routes. To put it simply, Harris must carry Pennsylvania, as there is no viable path without it, and Trump currently leads there. Furthermore, Harris will likely need to secure Michigan and Wisconsin, where she is also trailing.
In the latest update, Trump's lead has expanded significantly. He now holds 105 electoral votes, compared to Harris's 27. On the popular vote front, Trump has garnered 17,810,932 votes, while Harris has received 15,076,589
Trump’s rise from 8 to 105 electoral votes and from 435,853 to over 17 million popular votes demonstrates a strong upward trend. Similarly, Harris has increased her support, moving from 3 to 27 electoral votes and from 267,933 to over 15 million popular votes.
Both candidates show notable growth, but Trump's gains currently place him in a stronger position. Will this momentum carry through to the end?
Understanding Battleground States in U.S. Elections!
Battleground states, or swing states, play a crucial role in U.S. presidential elections, as their unpredictable voting patterns can determine the overall outcome. Here’s a closer look at key battleground states and the factors contributing to their significance: 1. Florida Why it's a battleground: Florida has a diverse population, with a mix of demographics, including a large number of retirees and Latino voters. Its 29 electoral votes make it a prize for any candidate. Election Outcome: In the
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