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#Bitcoin has continued dropping over the last 5 days and has lost the daily MA 50.
Weekly Stoch RSI is showing losing momentum.
Five big events are coming in a short window:
1. Israel Election – Oct 27
2. FOMC – Oct 28
3. $GOOGL + $META Earnings – Oct 28
4. $AMZN + $AAPL Earnings – Oct 29
5. US Midterm Election – Nov 3
These will drive volatility.
Bitcoin stays in a bull structure as long as it holds above the weekly MA 50 near $75,800.
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BTC-0.67%
GOOGL+0.14%
AMZN+0.66%
AAPL-0.49%
$ETH It's also fine to take some profits from the swing trade!
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ETH-1.23%
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morale continues depreciating quicker than Bitcoin price action
typical sentiment for the early innings of a much larger bullmarket
there are 2 main areas to watch to support that thesis:
1) the multi-year trend portrayal which represented a larger selloff in November of last year being held on the recent flip (2D 200MAs)
2) maintaining the same HTF trend representation that sparked the only meaningful rally in over a year in the first place (12H 200MAs)
as long as these inflection points are held on a trending basis, I think it's fair to say we just need to be patient.
goodluck to all.
BTC-0.67%
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The simultaneous release of interest rate announcements from the FOMC , ECB, and the Bank of Japan , alongside key U.S. macroeconomic data (Q3 GDP, PCE inflation, and jobless claims), creates a classic window for high volatility.
Which Asset Will React First?
* Bitcoin ($BTC ) and gold are likely to react first, followed immediately by the U.S. Dollar and U.S. stock indices.
1. Reaction Timeline and Details
* Phase 1: Bitcoin ($BTC) and Gold (24/7 Liquidity and Immediate Sensitivity)
* Why They React First: Bitcoin trades 24/7 without the delays associated with market clos
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Robinhood said "tomorrow" yesterday. it's tomorrow.
where Robinhood Chain stands going into the reveal :
- $1.13B TVL, right near its all-time high
- four months old
- this teaser alone: 390K views and still climbing
people called the chain dead this week. a company with millions of users doesn't post "the stars are aligning" for nothing.
$HOOD holders and Robinhood Chain degens are watching the same post right now.
what's your guess, what drops today?
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$SNDK The pullback opportunity is here! Ladies who just missed getting in, be sure to keep a close eye this time!📈🔥
SanDisk has pulled back. If you missed out earlier, don't rush—those who profited from the previous rally have already sold. This sell-off is a second chance to get in! The key level to watch now is 1240: can it hold? As long as it doesn't break below 1233, holding above that level is a chance to get in!
If you're still having trouble finding the right entry point, feel free to leave your questions in the comments!
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I think this is the most effective answer!
I'll have him try it next time a friend gets engaged.
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Good morning! $SPY
Nice gap up this morning, but would like to see a reversal and a retest of $760
Will be patient and no timing tops!
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$HOOD is a great hold this cycle IMO, but it probably goas back down to 80 something first.
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HOOD-0.86%
Many people are still fantasizing about another V-shaped reversal like the one at the beginning of the month! Let me make this very clear to the bulls: without major positive news, 872 is the hard ceiling for this cycle! There will be no bull market this year! As I said mid-month, I’m bearish and riding the shorts, currently holding a long-term position with 8,000 points of downside potential! This is the kind of trade everyone has been hoping for to turn things around! I gave you the heads-up! Did you hold on?
The market is very weak right now! For the early hours, I still recommend shorting
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The only setups you need to make money
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