$BTC Is it fake BreakOut of this OrderBlock? | TradingHub on Binance Square

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$BTC Is it fake BreakOut of this OrderBlock? 

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🔥🔥🔥 Gold vs. $BTC - Important to read 🔥🔥🔥 💵 Remember back on October 15, we were expecting BTC to rise above $70,000. Despite widespread pessimism, we compared BTC's chart with a similar period on gold’s chart from 2008, and we were right in our prediction (as shown in that post). 👎 When BTC fell just short of a new all-time high, I revisited its chart looking for “clues” since BlackRock is now positioning BTC as “digital gold” (and they correlate quite well). 😳 Back then, gold also surged, nearly reaching a new all-time high (falling just 2% short) and then entered a higher-level consolidation before experiencing a strong, true upward movement. 📈 I believe we could see a similar consolidation in BTC though likely shorter, with a final movement even sharper than gold’s. Why? Here’s some data: Gold ETFs have attracted $130 billion, while BTC ETFs have pulled in only $70 billion (53.85% of the inflow into Gold ETFs). ⏺ However, there’s a twist: Gold ETFs launched 20 years ago, while BTC ETFs have been on the market for less than a year. Demand is astonishing, and the “bullish flag” structure shows much weaker buying pressure in gold than on BTC’s chart (BTC has a capped supply, making it a deflationary asset, while gold’s supply isn’t capped, making it inflationary—hence, BTC’s price reacts more sharply to purchases). ✅ So, my conclusion is: either BTC breaks its all-time high soon amid a “shock demand” scenario, defying any correlation to this part of gold’s chart; or if BTC’s previous all-time high ($73,777) isn’t surpassed shortly, history will repeat, with a consolidation phase ahead. The optimal price during this consolidation would likely be between $64,800-$63,200 per BTC, before a global price surge (this remains our area of interest), assuming, of course, that the market offers such an opportunity in the future. I hope you found this interesting—I wanted to share my thoughts and observations with you! ❤️ #BTC☀ #GOLD_UPDATE #btc70

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🔥🔥🔥Important update to read $BTC $ETH 🔥🔥🔥 👍As I mentioned , as soon as ETH shows strength, Bitcoin dominance will immediately begin to decline, and altcoins will start following suit (especially those within its ecosystem). Smaller managers (market makers on altcoins) are waiting for an "ETH trend," and as soon as they see it, they’ll jump into action. 👉One of the most important observations in the market: when an asset is "buried" amidst disappointment, disbelief, or euphoria among holders, it signals the likelihood of a powerful, impulsive move that runs counter to those emotions! ✅The first significant ETH rally happened in 2017, during the "ICO hype." Prices soared from $8 to $750, but by the end of 2017, the hype began to fade, and people started saying ETH was useless and dying. The second rally started when ETH had already been "buried," but the "DeFi hype" began, pushing it from $120 to $4,000. ✅And what's been happening in the last three years? ETH has been steadily declining against BTC, labeled "useless," criticized, and declared dead, along with its ecosystem. People are missing the fact that it's the only cryptocurrency in the world, besides BTC, that has its own spot ETF and holds official "commodity" status. You can imagine what kind of "hype" will propel ETH and the entire altcoin market this time, right? I believe so! This time, however, it won't just be crypto enthusiasts pushing ETH up but also hedge funds, pension funds, investment funds, and all players in the U.S. traditional stock market (through the ETF)! 🚀🚀 ⏺Conclusion: Draw inspiration from disbelief, negativity, and pessimism surrounding an asset, and be cautious when everyone is talking about it and believing in it (the revaluation rule). ✈️When the time comes, all "anxieties and expectations" will be quickly rewarded, but only for those who deserve it. #BTC☀ #ETHETFsApproved #altsesaon #mememcoinseason2024

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🔥🔥There Will Be Volatility, Important news to read🔥🔥 ➡️ After a few weeks of calm, significant and highly volatile macroeconomic reports are returning. Based on these reports, we’ll be able to predict recession risks, investor sentiment, future actions by the Fed, liquidity levels, and market movements over time! ➡️ Monday, October 28 - No significant events. ➡️ Tuesday, October 29 🟢Job Openings and Labor Turnover Survey (JOLTS) - 16:00 Kyiv time ➡️ Wednesday, October 30 ❗️Private Sector Employment (early labor market indicator) - 14:15 🟢US Q3 GDP (preliminary) - 14:30 Kyiv time ➡️ Thursday, October 31 🟢Initial Jobless Claims - 14:30 Kyiv time ❗️Inflation (Core PCE) - 14:30 ➡️ Friday, November 1 ❗️New Jobs in Private Sector - 14:30 ❗️US Unemployment Rate - 14:30 Kyiv time ✔️ Note: Only the most impactful reports, which may drive increased market volatility, are listed here. I’ll continue analyzing other reports and share a comprehensive macroeconomic overview at the end of the week! Ideally, inflation should show a substantial decrease, close to the Fed’s target of 2%, and the labor market should exhibit signs of “cooling” (a slight drop in job creation, a slight uptick or plateau in unemployment). If so, the market will rally, and the rate at the November 7 meeting could be reduced (which, in the long run, will make money cheaper and increase liquidity in the markets). 🟢 All data will be published with assessments and detailed analysis❤️ #BTC☀ #ETHETFsApproved #MacroEconomic #mememcoinseason2024

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🔥🔥🔥Important $BTC $BTC update 🔥🔥🔥 $BTC is SOON to the MOON 💵💵💵 👉As soon as the dollar index "turned red," stock market shares, and subsequently BTC, surged—this was mentioned in today’s review. ✅ From our entry point at $65,600 (I mentioned this entry here), the price is recovering and has already given +4% pure movement (excluding leverage). It's the perfect time to secure 25% of the trade and move stop-losses to the entry point (in case of shakeouts, news from Israel, or a lack of consolidation). It looks like we’ve once again nailed the best entry point! ➡️ A consolidation above $68,000 will be the first signal that the correction is either complete or close to completion. As I mentioned in the review, I expect the start of a "big move" following this correction from a 7-month consolidation and accumulation phase (stocks like Tesla, MicroStrategy, and gold, which BTC correlates with, have already hit new highs). #BTC☀ #ETHETFsApproved #altsesaon #XRPDonationsUSElections #BlackRock⁩

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🔥🔥🔥Read carefully! USA Macroeconomic Data!!! 🔥🔥🔥 Today, important macroeconomic reports were released. Let’s review them and determine how they might impact the markets, the economy, future Fed decisions, and investor sentiment. ➡️ Initial Jobless Claims ⏺ Previous report: 242K ⏺ Expectations: 243K ✅ Actual: 227K ✔️ Commentary on the data: The decline in claims reflects the strength of the labor market, indicating stability in the U.S. economy. This significantly reduces the risks of a "crash" or "recession" and boosts investor sentiment. However, it might force the Fed to slow down rate cuts (a "soft landing" for the economy), which could put short-term pressure on markets and strengthen the dollar. ➡️ Manufacturing PMI (Purchasing Managers' Index) ⏺ Previous report: 47.3 ⏺ Expectations: 47.5 ✅ Actual: 47.8 ✔️ Commentary on the data: The data came in higher than expected and the previous report, but still below 50. Any reading below 50 indicates "contraction in activity." As a result, business activity is "slowing down" (inflation is easing), but not fast enough to worry about an impending "recession" (which may be seen as positive by markets). ✅ Conclusion: The economy continues to remain "stable" leading up to the elections, with a slowdown in growth but a strong labor market. The situation is following the trajectory of ideal data and a soft landing, as previously mentioned. Stability and confidence should positively influence market growth in Q4 and the pre-holiday rally. Investors are not spooked by the strong economy and still expect a rate cut on November 7 at the Fed meeting. The dollar index has stopped rising, allowing markets to begin rallying, as I mentioned in my review! ❤️ ❗️ Fasten your seatbelts, big moves ahead 🚀🍋🤝 #BTC☀ #ETHETFsApproved #USACryptoTrends #altsesaon

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