BTC - Bullish Phase Confirmed!Hello TradingView Family / Fellow Traders. This is Richard.
🗒 Do you remember this post from 2023?
and this post from last month?
📌 It is confirmed. Pattern 1 Activated after breaking above the red channel and 70k.
❗️N.B. Always remember, nothing moves in a straight line, so we might see a correction (in the form of a higher low) along the way.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
🗒 All strategies are good, if managed properly!
~Rich
President
Election Year Cycle & Stock Market Returns - VisualisedIn this chart, we're analysing the open value of the week the US election took place and comparing it to the open of the following election, showing the gain (or loss) in value between each election cycle.
Historically we can see prices in the Dow Jones Industrials Index tend to appreciate the week the election is held. Only twice has the return between the cycles produced a negative return.
Buying stocks on election day, 8 out of 10 times has yielded a profitable return between the election cycles. 80% of the time in the past 40 years returning a profit, has so far been a good strategy to take.
The typical cycle starts with the election results, an immediate positive movement and continued growth before finishing positive.
The Outliers
2000-2004 was the only year which ended negative without prices going higher than the election day.
2004-2008 increased 41.84% before ending negative.
2008-2012 began the cycle falling 30.62% before finishing positive.
The names of presidents who won their respective elections is to visualise who had the presidential term during that specific cycle.
Trump Reclaims US Presidency6th November President Trump!!!
DXY: Further strength expected to 105.45, could retrace briefly, needs to stay above 104.80. (beyond 105.45 could reach 106)
NZDUSD: Sell 0.5935 SL 20 TP 75 (hesitation at 0.5895)
AUDUSD: Sell 0.6560 SL 25 TP 80
GBPUSD: Sell 1.2810 SL 30 TP 60
EURUSD: Sell 1.0765 SL 25 TP 90
USDJPY: Buy 154.40 SL 45 TP 90
USDCHF: Buy 0.8710 SL 20 TP 40
USDCAD: Sell 1.39 SL 30 TP 70
Gold: Looking for reaction at 2733, beyond that could trade up to 2760
TSLA to $600Ahh finally we have new president. With Trump as a president Elon Musk will get financial position in goverment and Trump fully supports him.
I do expect the TSLA price to do something way more insane than $600. I'm expecting from TSLA moves similar to NVDA or some of the ".com" bubble stocks.
We're pre-rich.
SPX & Bitcoin Correlation & US presidential election #Spx 1D chart;
Let me first talk about the importance of the S&P 500 chart;
They are positively correlated (i.e. they move together):
*#Nasdaq100
*#Oil
*#Bitcoin (sometimes)
Now, what I want to draw your attention to is that just before the presidential elections, in September and October, there was always a decline. After the elections, there has been a continuous upward trend in the first 100 days.
Not counting the 2008 world economic crisis, this has never changed in the last 3 elections. Even after the 2008 crisis, after falling for a while, it started to rise immediately afterwards. The data we are evaluating here is the first 100 days.
In September 2024, I indicated the decline with an orange circle
With a decline in October, a long-term uptrend may begin.
If Bitcoin also shows a correlation here, which is my expectation as in the #Btc chart I drew earlier, we will start a permanent uptrend after suffering for another 1 month.
SP500 end of first 100 days data after the US Presidential election:
Post 2020 Election (Joe Biden): +17%
Post 2016 Election (Donald Trump): +10%
After 2012 Election (Barack Obama - Second Term): +10%
After 2008 Election (Barack Obama - First Term): -19%
Trading the Presidential Debate Investor focus is about to turn to the televised presidential debate between Donald Trump and Kamala Harris. With the race currently so tight, even a small post-debate shift in voter sentiment could impact key markets.
Budget forecasters are grappling with constant changes, and Tuesday's Harris-Trump debate could introduce new ideas.
What we currently know:
Trump’s recent embrace of crypto, including plans to fire SEC Chair Gary Gensler and promote U.S. Bitcoin mining, could fuel volatility in digital currencies. Harris, though less vocal on crypto, supports policies fostering tech growth, but her stance remains less defined.
Trump’s plan to slash the corporate tax rate to 15% could boost S&P 500 earnings, while Harris’s proposal to raise it to 28%, a move that may weigh on profits and valuations.
The U.S. dollar could rise under Trump’s policies, with tariffs and increased fiscal spending driving inflation and higher interest rates. However, current estimates show Trump's agenda significantly increasing federal debt which may weigh on its long-term outlook.
Dollar Strengthening and the coming election cycleUS Dollar will continue to ping pong between supply and demand during the election cycle. With other major economies like China's being Paper Tigers, the U.S. will by osmosis become stronger. As we learned years ago, nationalized tightly controlled markets don't work as well or at all. The CCP will try and buy gold and other assets to de-dollarize which will only work for so long to make the dollar look weaker than it actually is.
Trump's cabinet is largely ...less scientifically or mathematically inclined when it comes to policy. This will hurt the U.S. economy by increasing tax breaks for corpos and making it harder to maintain a healthy economy as wealth disparity increases. Despite Biden's less than stellar speaking skills, his policies reflect modern neoliberal globalist economic principles which tend to make America wealthier than other superpowers.
Overall, we should expect a hawkish trend despite the extreme propaganda machine telling you that the dollar is weakening. This is a great contrarian opportunity.
That is, if you think Biden will win the election. If not, get ready to look towards other assets like gold and Bitcoin.
1 Year Of BTC El Salvador CelebratesEl Salvador has used Bitcoin for a year.
El Salvador started using Bitcoin as a legal tender a year ago after President Nayib Bukele made a contentious choice. The public welcomed the new chance with enthusiasm, but since then, Bitcoin's value has fallen, and some experts believe the initiative was a disaster.
Bitcoin is up 2.72% today, Ethereum is up 8%, and Solana is up nearly 5% as the cryptocurrency markets rebound.
This Thursday morning, cryptocurrency markets are up. Pololu, Polygon, and Ethereum have made gains. Shiba Inu and Dogecoin, two meme coins, have also increased in value over the past 24 hours. Volatility has been seen in stablecoins.
"More CBDC news," the Ripple advisor teases.
According to Ripple, it may soon reveal additional information regarding its central bank digital currency projects.
Advisor to the CBDC Antony Welfare
The last session saw a 3.1% increase in BTC/USD.
The latest session saw a massive 3.1% increase in the Bitcoin-Dollar pair. The MACD is sending a negative signal. Resistance is at 20712.8113, while support is at 17730.3773.
Ukraine Legalizes Bitcoin (BTCFor the Ukraine, sentiment towards Bitcoin (BTC) and the broader crypto market has been more favorable. Back in September of last year, the government had introduced a crypto bill only for the Ukrainian President Volodymyr Zelensky to veto it shortly afterwards.
The Bill, legalizing and regulating Bitcoin, only had 6 votes against and 276 votes in favor. According to the Kyiv Post, the President vetoed the Bill and sent it back to Parliament for changes. President Zelensky cited a lack of funds in the budget to meet the regulatory oversight requirements of the Bill.
The previous bill had stated that “the virtual assets market would be regulated by the Ministry of Digital Transformation, the National Bank of Ukraine (NBU), the National Securities Commission (NSC) and a new independent regulatory body that would have to be created“.
Presidential Stock Market PerformanceEvery day it seems that the media puts out the best of reasons... from the smartest of experts... as to why the stock market and economy is going to CRASH soon! This has gone on for as long as I can remember. Why do they continue to publish this misinformation? Because it get's ATTENTION!
What does history ACTUALLY tell us about stock market performance following Presidential elections with the same political makeup we have today?
GOLD Falling Within A ChannelGOLD has seen some tough weather lately. I think the pain is far from over.
After producing a fake break out with a double top only two weeks of days ago, gold is falling again. It's to be expected that risk in the markets is going to decline with the inauguration of Biden soon, leading to a decrease in the demand for gold.
I've marked two areas of potential support on the chart, S1 and S2. S1 placed at the most recent low and S2 placed at $1700. Consider S2 a longer term target.
Happy trading!
Debt / GDP and other economic dataAll series are on their own scale. This chart serves 1 purpose, to see change in the values relative to their own range, over time and thereby giving a visual way to see how they moved versus one another over time.
The chart is broken down by presidential terms. This chart does not imply that any one president caused or did something, it's simply a good way to get an idea of what was happening as the executive budget and current ideology has an impact on debt levels.
S&P 500 Yearly Forecast (Nov 2020 - Nov 2021)S&P 500 Index (SPX) (November 18th 2020 through November 2021)
Low: 3010.3 points
High: 3876.6 - 3900 points
There could be some great buying opportunities ahead of us in the coming year, can't wait to see what 2021 brings us.
Thanks for tuning in :) Disclaimer, anyone in the trade needs to do their own due diligence and decide what is right for YOU. My charts can be wrong at any time and it's very important that you have your own strategies and plans in place. I run this channel for my own educational purposes of learning to trade, and I will never be 100% right, so please do not let me confirm any bias for you! (Dangerous to do so, stay safe and remember the basics & rules of risk assessment.) Expect the unexpected and happy trading!
Silver and the Election Silver has historically thrived under Democratic presidents, and I think this will be no different this time around if (or when) Biden wins. SLV seemed to recover the last 2 days of this week on riding the trendline that's been dating back to March of this year.
I'm going to be watching 24.25 as resistance this week with possible upside of 25.50's in the short term run. I am long on SLV and hoping we can see similar levels we saw in 2012 - at the 35's.
USDMXN AMLO or Ressesion?Here is a scary thought for the average Mexican. With the leftist inclination of Mexican President Andres Manuel Lopez Obrador (AMLO), Mexico could near an inflation streak for the following months or years to come. Uncertainty has risen in Mexico about whether AMLO's leftist policies will mean the printing of money to pay for public services and goods or weather he will be reallocating resources from other government agencies. The action of relocation for the time being is what is likely to happen given the President's short time in office. Time will tell weather or not the policies of the Mexican President will include the printing of money to pay to improve the community, weather he'll borrow such money or only reallocate funds. On the other hand with the United Sates being in a correction we could begin to see the price of the dollar and peso stalemate for some time with what I believe to be slight upward if the actions taken by the President become inflatory.
USDIDR will definitely determined by 2019 next electionI'm betting on Rupiah strengthened against dollar if Mr. Prabowo being elected in next 2019 president election and predicting Rupiah will go straight above 15K-ish if Mr. Jokowi continue to the second period.
My ressistant and support is above.
Mr. Prabowo x Mr. Sandi = Military x Businessman = IDR will be strengthened to 12K-ish
Mr. Jokowi x Mr. Ma'aruf Amin = Businessman x Religious Leader = IDR will be weakened to 15K-ish
Tradingview,
Blockchaindedi
2:20 P.M - 1 September 2018, Indonesia.
Understanding the Euro at it's current state. Update*This is an updated chart, taking into consideration other factors which are currently unfolding on the EUR/USD. The 200-SMA line has come close to the price action, possibly signifying a bounce to higher prices. However, there is a strong trend line nearby, where many other buyers will also be waiting. This area of demand can help facilitate more downward price action in favor of sideways or more upward buying pressure. Currently, buyers and sellers must work together to trade the price to a more favorable area, either higher or lower, but definitely not sideways.
Ideally, sellers will be able to bring in enough selling pressure, to push the Euro into further demand which will be waiting below, and allow then for the buyers to try creating some upward movement. This movement can then be taken on at a later date, once the Euro is safely below the 200-SMA.
These current indications of competition between bulls and bears are easily related back to the French elections, which had seen volatility pick up in the indices worldwide, as the current stock indices gapping up have been correlated to the elections themselves taking place. Now that Macron has won, prices seem to be turning around at a 'peak.' This is similar to the election in the U.S.A., with Trump's victory leading to new highs, however this is only stock market euphoria within the psychology of investors. As easily as prices went up, just as easily will prices come down.
crude oil price have new opportunities in this year OPEC's historic agreement to reduce production of oil and new US president Donald Trump policies for the return of economic sanctions on Iran, and his quest to return the quantitative easing program, all these factors will support oil prices to rise.