2024/11/07
Daily 4XSetUps - New Alltime High With $77535 In BTC1! Last Hour
“since the trump comeback is certain, our bitcoin has been rising!
will the increase continue tomorrow? next week? into 2025?”
The surge on the US stock market following Donald Trump's election victory continued on Thursday, especially in the technology sector. Trump back in office 2025! Today that meant: falling yields on the bond market
US10Y and/or also a falling US dollar 
DXY . But a more than strong stock market DJIA & 
SP500 & 
NDX . The US Federal Reserve's interest rate decision, on the other hand, seems to have lost its effect on prices, in the shadow of the Trump comeback. The Fed cut interest rates today by -0.25% (which almost every observer had expected). At the press conference, Federal Reserve Chairman Jerome Powell did not want to comment in more detail on the possible effects of a renewed presidency of Donald Trump on monetary policy. So that WallStreet seems to continue to bullishly celebrate Trump 2025 Back In Office and/or celebrate it. The 
IXIC reached a record high. The NDX climbed above 21,000 points for the first time and closed with a gain of +1.54% at 21,101.57 points. While the leading index DJIA , on the other hand, ended the day unchanged at 43,729.34 points. The market-wide SP500 rose by +0.74% to 5973.10 points.$77180 - 2024/11/08 - last price action
$69335 - 2022/04/12 - 1st Historical Alltime High
$68045 - 2022/11/08 - 2nd Historical Alltime High
$62470 - 2024/08/02 - GAP Top Line Before Last SellOff
$62470 - 2024/08/05 - GAP Down Line Before Last SellOff
These are the most important price actions for this week - on the bottom of the terrain, around $66000. Which we bulls have to defend. Because a fall below $60000 is entirely possible - and that would generate a large sell signal. Because then all the euphoria of the ongoing year 2024 will probably dissipate. And so the bears' mouths will start to water.
“Most fundamental work principle: Make your passion and your work one and the same and do it with people you want to be with.”
Ray Dalio
$77180 - 2024/11/08 - last price action
$74415 - 2024/03/14 - high of March 2024
$73380 - 2024/04/08 - high of April 2024
$72660 - 2024/06/07 - high of June 2024
$70825 - 2024/07/29 - high of July 2024
The last week - before the US presidential election in 2024 - was more than remarkable because we not only did see our
BTC1! above the two highs from 2021 for the first time! No - we bullish and bearish traders as well as investors have also briefly traded the previous annual highs of 2024 within just one week, just last week - and even on Tuesday, October 29, 2024, a new historical all-time high at $74485 for a short time. But only to fall back to just under $70000, i.e. $69730. So, looking back on a weekly basis, we have a bullish green candlestick - but it looks very much like a sell signal. Because you can obviously see in the candle that the bulls (temporarily) ran out of steam last week!? And/Or that the bears just took over the terrain again at $66,000!? So that we can prepare for turbulent price action - especially during the US presidential election - in the current week. Both new old all-time highs and/or a fall below $60000 - even below our stop price - are still possible! But after today? It seems like we are climbing to new all time highs day by day. But let's not look too far up today, let alone too far forward. And let's take the new old all-time high last week, on Tuesday, as a groundbreaking price action - $74485. Because a price below that, tomorrow Friday, is likely to dampen the initial joy - Trump back in Office 2025 Rally. So we'll wait until tomorrow, Friday - and over the weekend we'll start thinking about some basics of our long 4XSetUp once again.With best wishes
and with good intentions!
Aaron
“daily 4XSetUps - …” is pure information material!
By trying to give you even more information about some trading capabilities to trade and/or invest in some securities. This post is not a call to action - it only provides information. You decide (not) to decide. Even if I am writing daily 4XSetUps with concrete entry prices, target prices and/or also stop prices! It is like it is - like I said; You decide to respond to the analysis I just formulated to buy, to sell, or to do nothing! More information about my approaches to investing in something specific or just trading it, or even just describing it, can be found in the daily "Another 48h - DXY ...! Analysis Post. Where I try to track the price action in
DXY every day so that we learn something new daily.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.