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Bitcoin the Dominatrix: Leading the Crypto Charge💥👑 Bitcoin the Dominatrix: Leading the Crypto Charge 📈⚡️ Hello everyone! Bitcoin is asserting its dominance yet again! Following a period of geopolitical turmoil, Bitcoin has not only held steady but has begun pushing through resistance near $69,000, underscoring its strength and growing market share compared to altcoins. Dominance Highlights: Bitcoin vs. Altcoins: Bitcoin is up 1.43%, while Ethereum lags at 0.49%, and altcoins overall are down 0.9%. This trend reflects Bitcoin’s expanding “dominatrix” role in the crypto space, capturing a larger slice of the market with every price rally. Safe Haven Status: Like gold, which is also hitting new highs, Bitcoin is behaving as a safe-haven asset, especially appealing in volatile times. Investors continue to favor it for stability, and its price action is suggesting a potential next target of $79,000, with further levels to monitor. Future Price Potential: As we look toward 2024, Bitcoin’s path may lead it to all-time highs, with targets of $115,000 and even $160,000 on the horizon, as post-election market movements often fuel further growth. Bitcoin’s strength is undeniable, but resistance levels should be watched closely for those trading this wave. With each step, Bitcoin solidifies its role as the leader in crypto. One Love, The FXPROFESSOR 💙 Charts: Bitcoin Dominance 15m : Bitcoin Dominance 4h: Bitcoin: Alts Total3:
BITFINEX:BTCUSDLong
by FX_Professor
1
BTCUSD - Above all important DAILY moving averagesGreetings friends! Happy to see you after a few weeks hiatus. Here to do a quick 5 minute update on BTCUSD. Plain and simple, we're about to have a major break in structure as btc is coiling right below the major pivot from July 29th at ~$71,000 - if we break that high, the flood gates are likely to open and we could see a move up to ATH and if we break that, the next target is roughly $84,000. There's no price discovery above ATH so it's possible we make volatile moves and things can move quickly. FYI - alts are currently lagging behind but they'll have their day - you may just need to wait a little longer. More details in the video, obviously, but thanks for reading / watching and I hope you're having a great day!
Long
by bitdoctor
SPY/QQQ Plan Your Trade For 10-28 : Top Resistance PatternToday's SPY Cycle Pattern is a Top Resistance pattern in Countertrend mode. I believe this pattern will represent a moderate early topping price action in the SPY/QQQ - resolving slightly to the downside, then rolling into an upward price trend near the end of the day. The reason I believe this to be the case is because of two factors. A. The Countertrend mode suggests the top will actually be a moderate bottom in price (a pullback resolving as a base/bottom). B. The continued bias for the markets is slightly upward, thus I believe the SPY/QQQ will attempt to reach new intermediate ATHs before we start to move into the pre-election downtrend. Gold and Silver will struggle today as both appear to be consolidating in a FLAGGING formation. Bitcoin is still consolidating in the Phase #3 sideways consolidation pattern of the Excess Phase Peak pattern. Everything is playing out generally very well aligned to my research and cycle patterns. Last week I warned that market price would likely be very difficult in comparison to my SPY Cycle Patterns and that traders should begin to move to protect capital. This week is the last week you have for any upside opportunities. You need to plan to protect capital (if you plan to) before the pre-election correction. I believe skilled traders will be able to move back into the strongest sectors at a 5.5 to 8.5%+ pullback just after the elections. That is a smart move if you can pull it off. Also, don't hold any Gold/Silver futures contracts through the 2-3+ days around the election day. Volatility will be EXTREME and unless you can take the lumps (margin calls), I don't advise anyone trying to trade metals on November 5-6. If you do, get in and get out QUICKLY. Here we go... Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
AMEX:SPYLong
by BradMatheny
Preparing For Pre Election Volatility - Stay Protected From RiskI wanted to highlight what I believe is the most likely 5 to 10+ day price activity and why I believe traders should immediately begin to prepare for extreme price volatility. I believe the SPY/QQQ will move into a very moderate rally phase over the next 2 to 4 days, then peak near Oct 30-31 and shift into a very aggressive downward price trend. That downward trend could evaporate 5.5 to 8.5%++ (possibly even resulting in a 10-14% downward price move in some of the most volatile tech sector stocks/ETFs). Traders really need to understand the risks of holding positions through the election vs. the opportunities of CASHING out of 80-85% of your holdings and attempting to buy back into those same symbols at a 5.5 to 8.5% discount on November 6-8. Think about it. Why take the 6 to 10%+ risk when you don't have to. Again, I'm trying to help you plan and prepare for what I believe is likely to happen. I could be wrong - we'll see. But, even if I'm wrong about some of my expected ranges, you would still be able to buy back into these shares at a reasonable price no matter what happens. Remember, a quick 6 to 10% pullback can provide a very good opportunity for skilled traders. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
FX:SPX500Long
by BradMatheny
Bitcoin Prints the First Golden Cross in Almost Exactly One YearWe'll have to see if it sticks but BTC has just printed a golden cross. The crazy thing is, the last golden cross occurred on October 29th 2023! This golden cross was 2 days short of exactly hitting the 1 year mark. We all know what happened after the last golden cross, over the next 4.5 months the price increased by over 116%. If you take the time to study Bitcoin's price history, it is very clear that Bitcoin has been running in 4-year market cycles. This is especially true for the last two market cycles. From bear market bottom to the next bear market bottom, the 2015 to 2018 market cycle was 1432 days in length, and the length of the 2018 to 2022 market cycle was 1438 days. Even the elapsed times between events (bottom to halving, halving to peak, and peak to bottom) during each of these cycles is very consistent. Obviously, this market cycle trend doesn't have to continue, but I believe that it will, at least for this cycle. If that is the case then I wouldn't expect the post halving bull market to begin until late October or November of this year. Looking back at the previous two cycles, the 2016 bull market started 259 days after the halving, and the 2020 bull market started 149 days after the halving. We are now 192 days past the halving that occurred on April 19th. There is always a chance that I am totally wrong and the peak in March was the peak for this market cycle and it will be all down hill from here. But, I believe the probability of that is very low. But this is just how I am approaching this market cycle, every investor needs to do their own research and make their own decisions. I also make my decisions based on my long-term view and long time horizon.
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BITSTAMP:BTCUSDLong
by Bigsky_Crypto
9