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How would the market react to a Trump or Kamala victory?In recent days, the financial markets have exhibited increased sluggishness as investors await the outcome of the US elections. Kamala Harris and Donald Trump represent two starkly contrasting visions for the future of the United States. This article will explore the potential effects each candidate could have on key financial assets, including Oil, Gold, Bitcoin, the S&P 500, and EUR/USD. Oil (Brent) If Kamala Harris secures victory in the election, it is likely that her administration will prioritise renewable energy initiatives and stricter environmental regulations, potentially curtailing the use of fossil fuels. This shift could lead to limitations on oil production and a subsequent decrease in supply. With global demand expected to remain stable, this scenario may initially drive Oil prices higher. Conversely, a win for Donald Trump could result in a relaxation of environmental regulations and an incentive to boost domestic oil production. This approach, often articulated by Trump, may increase US supply available for both domestic consumption and export, potentially leading to lower prices, depending on global demand. Trump's administration might also adopt more aggressive policies towards OPEC, adding to market volatility. Gold (XAU/USD) Kamala Harris is likely to support expansionary fiscal policies, including increased spending on social programs and infrastructure projects. This rise in expenditure may lead to a higher federal deficit, contributing to inflationary pressures and prompting the Federal Reserve (FED) to consider raising interest rates to manage inflation. Higher interest rates could initially weigh on Gold prices, as investors might seek the better yields offered by government bonds. However, ongoing support for international conflicts, such as in Ukraine and Israel, could sustain geopolitical uncertainty, which typically favours Gold as a safe-haven asset. Under a Trump administration, fiscal policies may shift towards tax cuts and reductions in welfare programs. Such cuts could depress government spending and lower aggregate demand, potentially leading to a decrease in inflation and creating room for possible interest rate cuts. Reduced interest rates might drive investors towards equities for better returns or prompt them to seek refuge in Gold during market turmoil. Moreover, Trump's focus on domestic security and diminished global involvement could exacerbate existing conflicts, further elevating Gold prices in the short term. Bitcoin (BTC/USD) Kamala Harris has yet to articulate a definitive stance on cryptocurrencies, but the Democratic platform generally leans toward increased regulation. A stricter regulatory environment could deter institutional investment in Bitcoin, potentially exerting downward pressure on its price in the event of a Harris victory. In contrast, Donald Trump has displayed a growing enthusiasm for cryptocurrencies during his campaign, which could catalyse an initial price appreciation for Bitcoin. Additionally, his rapport with Elon Musk, a prominent Bitcoin advocate, strengthens the case for potential gains in BTC should Trump win. S&P 500 Should Kamala Harris assume office, her administration is likely to continue implementing economic stimulus measures, which could bolster the S&P 500, particularly in the green technology and renewable energy sectors. However, tighter regulations on oil and finance industries might adversely impact certain sectors. Therefore, a moderate appreciation of the S&P 500 is plausible, especially if fiscal stimulus supports domestic consumption. On the other hand, a Donald Trump victory could propel the S&P 500 into a strong upward trend, driven by corporate tax cuts and a less interventive regulatory environment. The financial markets tend to react favourably to tax reductions and deregulation, and a decrease in government expenditure could lower inflation in the short term, providing the Fed with room to reduce interest rates. This scenario could enhance credit access and stimulate domestic consumption, benefiting both corporations and the S&P 500. EUR/USD A Kamala Harris presidency may adopt a more cooperative and diplomatic approach to international relations, particularly with the European Union. This stance could strengthen the euro, potentially driving the EUR/USD pair higher due to improved trade relations. Furthermore, robust spending policies might weaken the US dollar, increasing demand for the euro. Conversely, if Donald Trump wins the election, the euro could depreciate against the dollar as his protectionist and aggressive trade policies tend to favour the dollar in the immediate term. Trump's "Make America Great Again" slogan underscores his commitment to bolstering domestic trade and the dollar. Consequently, any policy that negatively impacts trade with the EU, such as tariffs or aggressive trade measures, could further weaken the euro while benefiting the USD. Preparing for Diverse Market Outcomes In conclusion, whether Kamala Harris or Donald Trump emerges victorious could result in markedly different consequences for the financial markets. It is crucial to recognise that the market is likely to wait and observe which policies will be implemented in practice. The repercussions of the US elections may resonate for months ahead as market participants acclimatise to this new reality. Disclaimer: 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK.
MARKETSCOM:BITCOIN
by Marketscom
BTCUSD puts on the big gains 10+%DogeUsd bounces back Some of the biggest daily Cryptocurrency gains today as BTCUSD chases the breakout-zone and now sits within striking range. BTCUSD is still part of a 3 x Top system on monthly, weekly and daily charts. Right now it seems be retracing down in price but I don't think it will move down much further as its immediate and intermediate Gig is to breakout past 75,000 very soon and taking Cryptocurrency with it. DogeUSD puts on more than 14% during the last trading day. TRON TRXUSD is in a fantastic setup now on the higher time frames, see my Post on TRON and the setup, why it's one of the structurally strongest charts in existence and why I see a bullish turnaround in its price very soon. It's price is still under 20 cents and its only getting fatter going forwards.
EIGHTCAP:BTCUSDLong
by Easy_Explosive_Trading
BITCOIN NEXT SUPPORT AND RESISTANCES ARE HEREWhat i have shown here is most effective way of analysis you all can find revesal of any stock, index,commodity by using this method which is never failure but before trade you should wait for signal.if you are with me sure you will learn and earn as well. Top most resistance is critical,there may be chance of major or minor reversal up to predicted support and todays high is also a critical level might be this high will take it to support.
CRYPTO:BTCUSD
by ntiken18
2
$1500 in Competition Profits: Strategizing the Sell PointWith $1500 in profit from a recent trading competition, it's time to evaluate the optimal exit strategy. I'll analyze potential sell points based on key resistance levels, current market trends, and any recent price action signals. Additionally, I'll consider both technical indicators and fundamental factors to identify an ideal spot for locking in gains. Follow along as I assess where to take profits and manage risk effectively. Hashtags: #TradingStrategy #ProfitTaking #TechnicalAnalysis #RiskManagement #CryptoTrading #StockMarket #Forex #TradingCompetition #SellSignal #TradingView
COINBASE:BTCUSDLong
by Blayno_MTOPS
All-Time High Bitcoin Mining Difficulty Future Bitcoin's mining difficulty has recently reached a new all-time high, a significant milestone that underscores the network's growing security and resilience. This metric, which adjusts every 2016 blocks to maintain a consistent block generation time of approximately 10 minutes, reflects the increasing computational power dedicated to securing the Bitcoin network. What Does Increased Mining Difficulty Mean? • Enhanced Network Security: A higher mining difficulty implies that it becomes increasingly challenging for malicious actors to launch attacks like 51% attacks. This strengthens the network's security and protects its integrity. • Increased Energy Consumption: As more miners join the network to compete for block rewards, energy consumption associated with Bitcoin mining tends to rise. This has sparked debates about the environmental impact of the network. • Price Volatility: Increased mining difficulty can influence Bitcoin's price volatility. A surge in mining difficulty may lead to price fluctuations as miners adjust their operations to maintain profitability. Bitcoin Open Interest Surges Ahead of Elections In the lead-up to the U.S. presidential election, Bitcoin's open interest has seen a significant uptick. Open interest refers to the total number of outstanding futures contracts on a particular asset. A rising open interest indicates increased market activity and potential for heightened price volatility. Bitcoin Breaks Above $70K Bitcoin's recent surge above the $70,000 mark has generated considerable excitement and speculation. This milestone highlights the growing institutional interest in Bitcoin as a store of value and a hedge against inflation. However, it's important to note that such rapid price movements can be accompanied by periods of volatility. "Calm Before the Storm": Anticipating Volatility The term "calm before the storm" is often used to describe a period of relative tranquility before a significant event. In the context of Bitcoin, it suggests that the current period of relative price stability may precede a period of increased volatility. Several factors could contribute to this anticipated volatility: • Election Uncertainty: The outcome of the U.S. presidential election could have a significant impact on global financial markets, including the cryptocurrency market. • Regulatory Developments: Changes in regulatory policies can influence the price of Bitcoin and other cryptocurrencies. • Market Sentiment: Shifts in market sentiment, driven by news events, social media trends, or economic indicators, can lead to rapid price fluctuations. Navigating the Volatile Market Given the potential for increased volatility, investors and traders must adopt a cautious approach. Here are some tips for navigating the volatile Bitcoin market: • Do Your Research: Stay informed about the latest news and developments in the cryptocurrency market. • Diversify Your Portfolio: Spread your investments across different assets to reduce risk. • Set Stop-Loss Orders: Use stop-loss orders to limit potential losses. • Manage Your Risk: Avoid overtrading and stick to a well-defined trading strategy. • Stay Patient: The cryptocurrency market is known for its volatility. It's important to maintain a long-term perspective and avoid making impulsive decisions. In conclusion, Bitcoin's increasing mining difficulty, surging open interest, and recent price surge highlight the dynamic nature of the cryptocurrency market. While the potential for volatility remains, the long-term outlook for Bitcoin remains positive, driven by its underlying technology and growing institutional adoption.
MARKETSCOM:BITCOIN
by bryandowningqln
Navigating Bullish Momentum with Key Support & Resistance LevelsHere’s my analysis and prediction based on the chart. I see that the green line (50MA), which represents the shorter moving average, is above the red line (200MA), the longer moving average, suggesting an overall bullish trend. The price is currently trading above both of these moving averages , typically indicating continued bullish momentum . When I look at the price action, I notice a clear pattern of higher highs and higher lows, which supports the bullish trend. However, the price recently faced some resistance and pulled back from a local high, possibly signaling a minor consolidation or a pause before the next move. The RSI is in the mid-range, not yet in overbought or oversold territory. This neutral position suggests there’s room for movement in either direction. If the RSI trends upwards, it could signal more bullish momentum, while a downward trend might indicate a correction. My prediction is as follows: If the price continues to find support above the moving averages, it’s likely to retest the recent high and potentially break through to new levels. I’ll be watching the RSI for confirmation of bullish momentum. On the other hand, if the price breaks below the shorter moving average, there could be a pullback toward the longer moving average or previous support levels. A drop in RSI could indicate weakening momentum, leading to a correction or consolidation phase. Overall, I see the current setup as slightly bullish, but I’ll keep an eye on how the price and RSI behave around these key levels. Follow for more!
COINBASE:BTCUSDLong
by RSibayan
Analyzing Bitcoin's Breakout: A Bullish Momentum in PlayI see that Bitcoin has been in a downtrend, marked by a descending channel. However, it’s clear that the price has broken out of this channel, suggesting a potential trend reversal or a bullish breakout. When I look at the Fibonacci retracement levels, I notice that the price is currently around the 0.5 level, approximately $70,209.94. This is an important area, as it often acts as a pivot point for the price, either as resistance or a spot where momentum could continue upward. The moving averages on the chart are also giving me some valuable insights. I can see a shorter-term moving average (the green line) and a longer-term one (the red line). The price has moved above both of these averages, which is a bullish signal. If the shorter moving average crosses above the longer one, that would confirm a Golden Cross, adding more weight to a bullish outlook. Looking at the RSI, I see it’s been moving upwards and has recently broken above a resistance trendline. This tells me that bullish momentum is building. The RSI is getting close to overbought territory but isn’t there yet, suggesting there might still be room for the price to rise. For key levels, I’m noting that the breakout point around $68,513.37 acts as a solid support. There’s also support around the 0.786 Fibonacci level at $68,248.34. On the upside, the immediate resistance is at the 0.5 Fibonacci level, and beyond that, I’m eyeing the 0.382 level at $71,010.80 as the next potential target. Overall, my interpretation is that this breakout could lead to further upside. If Bitcoin holds above the 0.5 Fibonacci level and continues to trade above the moving averages, I’d expect more bullish momentum. On the other hand, if it fails to maintain this level, I’d watch for a possible retest of the breakout zone or lower Fibonacci levels for support. That’s how I’m seeing it right now.
COINBASE:BTCUSDLong
by RSibayan
"BTCUSD Head and Shoulders Formation: Key Levels to Watch Title: "BTCUSD Head and Shoulders Formation: Key Levels to Watch for Potential Breakdown or Reversal" --- Description of the Analysis: This BTCUSD 4-hour chart showcases a **Head and Shoulders pattern**, a classic formation often signaling a potential trend reversal. As Bitcoin trades within this pattern, traders should closely monitor the neckline and key levels to identify possible breakdowns or reversals. 1. Pattern Overview: - The **Head and Shoulders** structure consists of three peaks: the Left Shoulder, the Head (the highest peak), and the Right Shoulder. Typically, this pattern implies a bearish setup, as the price often drops after breaking below the neckline. 2. Key Resistance and Support Levels: - **Weekly Resistance** levels at **69,019.12** and **68,548.42** indicate major overhead resistance. If the price attempts a move upward, these levels may act as a barrier. - A **Fibonacci retracement** level at **70,193.36** aligns with the 0.618 level, adding additional resistance if the price retraces higher within the pattern. - The **Daily Support** level at **66,566.10** aligns with the neckline. A break below this level would confirm the head and shoulders breakdown, suggesting further downside movement. 3. Indicators and Momentum: - **RSI**: Currently near 39.38, approaching oversold territory, though not showing strong bullish divergence. If RSI forms higher lows while price trends lower, it may signal a bullish divergence. 4. Potential Scenarios: - Bearish Breakdown: If BTCUSD breaks below the neckline at **66,566.10**, this would confirm the head and shoulders pattern. This could trigger further downside, with short opportunities targeting lower support levels. - Bullish Reversal: If BTCUSD finds support above **66,566.10** and pushes past the **68,388.20** daily level, a reversal may be in play. A close above **70,193.36** (the Fibonacci level) would strengthen the bullish case, with resistance targets near **72,000**. 5. Risk Management and Entry Strategy: - For a bearish breakdown, consider entering short positions below the neckline with a stop-loss just above it, scaling into the position as the price confirms the downtrend. - For a bullish reversal, look for high volume and strong price action above resistance levels before entering, setting stops near the neckline or key support to manage risk effectively. Summary: In summary, this analysis identifies a key head and shoulders pattern on BTCUSD’s 4-hour chart, with potential for a bearish breakdown below the neckline or a bullish reversal if support holds and price reclaims resistance. Traders should closely observe the Fibonacci retracement level, weekly resistance, and daily support levels for entries and exits, supported by momentum indicators for confirmation.
COINBASE:BTCUSD
by MasterTraeder
#Bitcoin | Inducement Range As We Go Through ElectionsGiven the current uncertainty surrounding the elections, I anticipated a rejection off the open wick at the range's high, which could initiate a consolidation phase characterized by lower-time-frame inducement. This setup aims to engineer additional liquidity around the 73k high. Analyzing the present market structure reveals two sharp impulsive moves, with price currently ranging above the sell-side liquidity pool. It appears rational to expect a manipulation leg down to the 63k - 64k range before we ultimately clear the highs and enter a phase of price discovery. As we enter this price discovery phase, I believe it will trigger significant liquidations from short sellers, creating upward momentum that pushes the price even further. Following this expansion, I foresee a final consolidation forming at higher levels. This consolidation may be tight enough to catch traders off guard before the price breaks above the previous high, which I expect will lead us to the fifth wave of the fifth macro wave, effectively topping the current market cycle.
CRYPTO:BTCUSDLong
by InvrsROBINHOOD
Bitcoin in the Zone: Major Levels to Watch! Bitcoin’s riding the edge with some serious levels coming up. On the downside, we’ve got key supports at $66,969, $66,054, and $65,000. If $65,000 breaks, a slide to $60,000 is very possible. On the upside, we’re eyeing $69,249 first, and if we break through, we could be aiming for $73,500 and beyond!" Breakdown of Key Levels Current Support Levels First Support: $66,969 This level is Bitcoin’s first line of support. As long as it holds, BTC could stay in a good position to push higher. Second Support: $66,054 If we drop below $66,969, the next stop to watch is $66,054. Losing this level could signal a stronger downside move. Major Support at $65,000 $65,000 is the critical level to keep an eye on. If Bitcoin slips below this, we’re likely looking at a bearish move, with $60,000 as the next realistic target. Upside Targets First Target: $69,249 On the upside, if BTC holds support and gains some momentum, $69,249 is our next target. We might see some resistance here, so it’s a spot to watch for a possible pullback. Second Target: $73,500 If Bitcoin breaks $69,249 with strength, then $73,500 is the next big level in play. Breaking through this could mean BTC is primed for an even bigger push higher. Higher Target: Beyond $73,500 If we reach and hold above $73,500, the path is open for BTC to go for new highs. We could see buyers step in even stronger, and BTC might be setting up for its next major move up. Trading Tip Stay flexible here! BTC’s got some clear levels to watch. If we hold support, we could be heading for a strong upside. But if we lose $65,000, the drop to $60,000 becomes a real possibility. Keep these levels in mind, and let the market show you where it wants to go. if you like this analysis like , follow and boost our posts Mindbloome Trading / Kris Mindbloome Exchange
MARKETSCOM:BITCOIN
by Mindbloome-Trading
Zoom out: Bull Flag Pattern Points to Potential Upside TargetTechnical Overview The COINBASE:BTCUSD weekly chart suggests a bullish setup, with a Bullish Flag pattern and Descending Broadening Triangle playing out. Current price action shows BTC retesting previous resistance as new support around $67,000. Support and Resistance: - Support: The zone at $67,000 serves as immediate support within the flag pattern. - Resistance: Key resistance lies at Bullish Target 1 ($77,750), which aligns with the 0.786 Fibonacci level. Outlook: - Bullish: If BTC holds above $67,000 and breaks through $77,750, a rally towards Bullish Target 2 at $88,000 is plausible, with a long-term target of $112,993. - Bearish: A breakdown below $67,000 may lead to a retracement toward $60,000 or lower. Conclusion: The weekly setup remains bullish if BTC can defend $67,000, with $77,750 and $88,000 as primary upside targets. A decisive breakout could confirm continuation to higher targets.
COINBASE:BTCUSD
by CryptoFallen
Bitcoin the bellwether to watch as US election results roll in Bitcoin trades lower this morning at $67,807 (-1.60%). In the early part of this week, the focus has been on the final set of US election polls, revealing that pro-crypto presidential candidate Trump's election lead has evaporated. BTC appears to have picked up on that shift in sentiment in the middle of last week, as it heads for a sixth consecutive session of losses. This makes it a good bellwether to watch tomorrow as the vote counting commences. Technically, Bitcoin needs to see a sustained break above resistance at $74,000 to confirm the uptrend has resumed towards $80,000. Aware that a sustained retreat below support at $65,000 signals that last week's break higher has failed and that Bitcoin has returned to the safety of its seven-month trend channel, viewed on the chart below.
BITSTAMP:BTCUSD
by IG_com
2024-11-04 - priceactiontds - daily update - bitcoinGood Evening and I hope you are well. tl;dr Bitcoin - Neutral. Bears did good but I do think a pullback is imminent and could easily retest 70000-71500. This whole move is W1 of the next bear trend and any short with stop above 75000 is good. We will likely see 60000 in the next 1-2 weeks. comment: Bulls could spike this up tomorrow due to news but otherwise, they are done. This move down is W1 of the new bear trend down below 50000 (which is also still inside the big trading range). A pullback is around the corner and I would not sell below 67000 for now. There is still an open bull gap to 65800, which will likely be closed tomorrow. My two legged correction down (drawn on the weekly update) to 65000 is still valid. current market cycle: trading range on the weekly chart - new bear trend on the daily chart key levels: 65000 - 70000 bull case: Bulls need to stop this above 65000 or we could see some panic selling. I do think a retest of 73000+ is already out of the question. Best they can hope for is some short squeeze to 70000/71000 before we get another leg down. If they close Wednesday above 72000 I am wrong. Invalidation is below 65000. bear case: Bears doing really good, much better than expected and that can only mean that bulls are running for the exits and want their profits secured. A measured move down from here brings us exactly to 60000. There. Are. No. Coincidences. Invalidation is above 72000. short term: Neutral. Want to see a pullback higher to short this into oblivion over the next months. medium-long term - Update from 2024-11-03 : Mother of all double tops is what I expect to hold. So highs are likely in and we go down hard from here. 40000 is my target for the next 3-5 months. current swing trade: Soon trade of the day: Shorting 69000. Clear resistance and market tried 3 times and failed. Perfect head & shoulders pattern, measured move target down was 67000 and market reached it afterhours.
CRYPTO:BTCUSD
by priceactiontds